There are many reasons a house might be considered a problem house — it might be distressed or in a state of severe disrepair, it might be an older house that needs both exterior and interior updating, or it might just be located in a less desirable neighborhood. A house can become a burden for an owner when it needs a lot of expensive work and requires permits and city inspections to complete. It might also become a burden if there are already many violations that need to be cleared in order to sell it, or past due property taxes. Owners of rental properties may decide they no long want the responsibilities that come along with being a landlord — or are just ready to sell because of non-paying tenants. There are many reasons for the owner of a problem house to sell. If you want to sell your house fast and you’re ready for a fair cash offer, give us a call at (630) 389-8232 today to talk to one of our friendly team members. We buy houses Chicago, and we’re here to guide you through your options and see if selling your house for cash is the right fit for your situation. However if you’re on the fence about selling a burdensome property, you may want to consider what it can cost you if you DON’T sell! Below we review what owning the wrong house can cost, and how selling your house for cash to Kendall Partners might be your solution.
The True Cost of Owning the Wrong House
A common issue for many new home buyers is underestimating the costs involved in owning a house. If this is you, you may have simply purchased more house than you can afford, burying yourself in financial stress. When considering monthly expenses, you may not have understood all the costs such as always increasing property taxes, insurance claims which cause premiums to rise, and expensive maintenance or unexpected repairs. Unless you are a handyman who can make emergency repairs and maintain your own home, you’ll find that heating and cooling equipment, appliances, plumbing issues or water intrusion, and exterior items like the roof or siding can easily add up into the thousands. It’s also possible to underestimate the increased income you’ll need when you start a family later. Now you might need to find more affordable housing in order to make room in your budget for the added responsibilities that come with various seasons in life.
Another issue can be the location of your house. Regrettably, any neighborhood can become less than desirable for you or your family. You may take a new job or be transferred, and the commute to work is no longer reasonable. Owning a house in the wrong location can also mean that growth in the area has now made your neighborhood more crowded, noisier, or made transportation congested and frustrating. Other issues could be loss of sleep or enjoyment of your property due to neighbors’ activities. You could file a police report or restraining order if things with neighbors get really out of hand, but doing so could also escalate the situation. If you can’t even enjoy the use of your own home, you might decide you simply can’t live with the situation any longer.
Maybe you have no issues with your monthly expenses or the location of your house, but you find you can no longer properly care for it or you don’t want to spend the time and money on maintenance. The house was in great condition when you first purchased it and you were able to maintain it for years, however it’s simply ‘too much house’ to keep up with. You might decide to hire someone to complete routine maintenance for you, but you know that eventually your house will need big ticket items such as roofing, new windows, new heating and cooling equipment, and kitchen or bath remodeling. Living in a house while major repairs or remodeling projects are being completed can difficult or even impossible, requiring temporary housing and costing a person a lot of emotional and financial stress. If you own a house that has is now needing a lot of major work more often, it may be a good time to sell. Major work will only be more and more expensive, especially if your city has updated its building and energy codes, making you do more work to be in compliance with all their new requirements.
Natural seasons in life and lifestyle changes can also make it more costly to stay in the wrong house than to sell and move on. Everyone’s needs change over time. You might find you own too little house or too much house for your family’s everyday life. If you start a family or have elderly parents who need to move in with you, life can become very stressful with too many people living in a small house. Or perhaps when you reach a certain age yourself, you may no longer be able to keep up with all the maintenance and cleaning a house requires – maybe you’re ready to move closer to be near out-of-state family, you wish to travel, or you want to downsize to a condo in a warmer climate. When a house no longer meets the needs of the people living there, it’s a sign it is the right time to sell.
We Buy Houses Chicago – Why Sell to Kendall Partners
We buy houses with cash. So you might be asking why anyone would call a ‘we buy houses Chicago’ type company which buys houses with cash. Well, honestly the ongoing additional costs of owning a burden some property often are the point at which homeowners decide enough is enough. Sometimes it’s unexpected health issues, job loss, job transfer, divorce, or the sudden need to help other family members that put so much stress on a homeowner who is already so stressed that create the need to sell quickly. When we buy your house with cash, it allows us to purchase your house in as little as 10-14 business days. If you were to put your house on the market, you would first have to prepare it for listing, then wait on an offer, then wait for that buyer’s lender to approve a loan. If you list your house, there’s no way to predict how quickly you will sell. Simply put, when you sell your house to a trusted cash homebuyer like Kendall Partners, you close quickly and you also have access to your proceeds quickly.
We buy houses as-is. Let’s face it, HGTV is great entertainment — but the best part is that you can turn it off when the rehab goes wrong or costs tens of thousands of dollars more than expected! In real life, when it comes to making major repairs or managing large renovations homeowners are usually in over their heads. There are very few of us who are really able to plan and implement a remodeling project to control the work and the keep the costs down. Sure you can hire a general contractor to run the project for you, but how to you find one who will keep to the original scope, stay on time and under budget? There’s even less control when city permits and inspections are required. A city inspector can tell you to complete additional work to meet the latest building and energy codes — or fail your inspections and tell you you’re in violation of those codes. Kendall Partners has been buying and selling real estate in the Chicagoland area since 2007. We buy houses Chicago. We have the knowledge, experience, and contacts to be able to plan and implement the appropriate remodeling projects, or to find the right rehabber who will. When you sell your house to Kendall Partners, you won’t have to make any repairs or take on any big projects just to get your house sold.
We buy houses using our hassle-free process. If you own a burdensome house you need to sell quickly, you probably don’t need any extra stress or hassle in your life. At Kendall Partners, we strive to make selling your unwanted house easy. Our friendly team will treat you with respect and compassion, no matter your reason for selling. We take the time to listen to your unique selling situation, putting the emphasis on you and your needs. After speaking with you on the phone, we can set up an appointment for a short inspection and photos, then have a fair cash offer to you within 24 hours. We use a simple, one-page contract which clearly states our offer price, and we even pay customary closing costs for you! We are straight-forward, professional, and trusted. Be sure you check out our 5-star Google reviews here, and don’t forget to listen to seller testimonials here. If you want to see how selling your house for cash to Kendall Partners can help your situation, give us a call today at (630) 389-8232 or fill out the form below and we’ll be in touch with you shortly. At Kendall Partners, we buy houses Chicago, and we’re looking forward to working with you.