Cash is king. You’ve heard that expression before and it couldn’t hold anymore truth than in the case of real estate.
If you’re looking to sell your Chicago, Illinois house, or anywhere else for that matter, the quickest, simplest and least amount of headaches will be with that of a cash buyer.
When you sell your house the traditional route there will be a bank involved. And with a bank comes along a bevy of other roadblocks that can get in the way of a quick and smooth closing.
When you list your property with a real-estate agent occasionally cash offers will come along. But the quickest way to attract cash buyers is selling your house off-market to investors.
Some cash buyers won’t ask for an inspection or even appraisal.
The top benefits of selling a house for cash in Chicago, IL:
- Avoid the annoying fees. The real-estate agent fees as well as other extraneous fees they nab you with at end can all be avoided.
- Speed. There is no quicker way to get rid of your house than with an all-cash transaction.
- Actually close. The amount of times a sale falls through the traditional route continues to rise. Fail rates have been going up since 2014 with it doubling from 2015 to ‘16.
- Don’t fix anything. When you sell the traditional route, the buyer gets an inspection. Then they request items for you to fix and if you say ‘no’ you risk them walking away for good. Cash buyers know what they’re getting into.
A cash sale isn’t for everyone. Sometimes you won’t get ‘top dollar’ for your house, but the speed, ease and assurance of a sale may be more important to you. Also, don’t forget to add up the actual amount put in your pocket; not just the ‘list price’ for what you sold the house for.
A part of you may want to tell your family and friends that you sold the house for X dollars. But if, after expenses and concessions, you didn’t really put X in your pocket, you’re just lying to yourself. With a cash sale, you’re going to walk away with very close to the actual sale amount.
Every situation is different. Everyone whose done enough real-estate deals knows that there’s always that one house that won’t sell. Maybe it has too much wrong with it in deferred maintenance. Maybe it’s on a busy street. Or, maybe it’s just been on the market for too long and is now a ‘stale listing.’
If you aren’t capitalizing on the first two weeks of your house on the market, it can collect dust rather quickly. No, we’re not talking about actual dust. This is the kind where buyers see that you’ve been trying to sell for a little too long. Now they are wondering,;
‘What is wrong with that house?’ ‘If no one else bought it so far it can’t be as great as we think it is.’
It’s at these times that sometimes it’s easier to throw in the towel and accept a low-ball offer if it’s all-cash. You know it has a higher completion percentage because it’s being bought all cash. There’s less likely to have issues come up with this offer. And, frankly, you’re tired of holding onto the house at this point.
The process of selling a house for cash is rather simple. There are advantages and disadvantages of cash sales, but the benefits of a cash offer on a house should not be overlooked.
A Cash Offer May Not Be Best For You
Should you take a cash offer for your Chicago house?
Not always.
I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no.
Selling My House For Cash In Chicago
If you’re selling a property in Chicago to an end buyer (the person living in the home), chances are good it won’t be bought with cash.
Most transactions close with a bank loan, because most buyers don’t have the funds.
This isn’t news.
Even most investors don’t close transactions with cash. It’s easy to let a bank share the risk, even if you have the money – most investors spread themselves too thin.
At Windy City Solutions we don’t spread ourselves too thin, because our primary goal is to build stable communities around Chicago.
In most cases, we’ll pay cash for your Chicago IL property.
The Benefits Of An All Cash Sale Of Your House
The benefits of a cash sale are real:
- money fast
- when you need it most
You don’t have to deal with the hassles of waiting months for a buyer to get a mortgage, only to be told that the lender eliminated the program and you’re back to square one.
You don’t have to list your house with a real estate agent and pay a huge commission.
You don’t have to deal with a lot of people just “kicking the tires” and checking out your property for fun. We don’t waste your time. This is our business.
You don’t need to paint, make repairs, or even clean up. We take properties just as they are. You won’t waste money on junk haulers or contractors.
You don’t need to deal with any paperwork. We have it all covered.
Working With A Reputable Chicago House Buyer / Investor
Always make sure that your cash buyer is reputable. At Windy City Solutions, we offer great references of past sellers we’ve helped, we can show you examples of some of the latest projects we’ve worked on, and we’ll be happy to answer any questions you have so you feel comfortable.
We pride ourselves on being a strong part of the Chicago community. Our local mission is to help local Chicago IL homeowners who need to sell your Chicago house fast do it quickly, at a price fair to you, and to help improve the beauty of neighborhoods one house at a time.
If you’re wondering about selling your house for cash in Chicago or just need to sell a property near Chicago, we can help you.
We buy properties like yours from people who need to sell fast.
We work in the greater Chicago metropolitan area to buy houses quick for cash. We are constantly on the lookout for off-market properties in Chicago suburbs including Homer Glen, Orland Park, Tinley Park, Romeoville, Aurora, Naperville, Berwyn, Cicero, Calumet City, Oak Forest, Plainfield, Oak Lawn, Bolingbrook, Joliet, Chicago Heights, Calumet City, Country Club Hills and Dolton. Among others.