READY TO SELL YOUR RENTAL PROPERTY?
The endless problems, the late-night emergency maintenance phone calls, tenant turnover, and having to evict a tenant, can make owning and renting out your property more trouble than it is worth. If you are a landlord and managing the property on you own, certain changes in life circumstances, can make it difficult for you to continue taking care of the property. Whatever your reasons are, being a landlord is not for the faint of heart, that’s for sure.
REASONS WHY YOU MAY BE READY TO SELL?
Maintenance calls?
Property Neglect?
Property Abuse?
Maybe your rental property just isn’t what you thought it would be
Maybe your rental property is in a different state
Perhaps you are having trouble finding quality tenants.
Maybe property management has taken over your life and you want control back.
Maybe you can’t keep up with the necessary repairs from daily wear and tear.
REASONS YOU CAN EVICT A TENANT
| Grounds | Notice Period | Repairable? |
|---|---|---|
| Non-Payment of Rent | 5 Days | Yes |
| End of / No Lease | ~30 Days | No |
| Lease Violation | 10 Days | No |
| Illegal Activity | 7 Days | Maybe |
6 STEPS TO THE CHICAGO, IL EVICTION PROCESS:
Step 01
Step 02
Step 03
Step 04
Step 05
The Eviction Order is Issued
Step 06
EVICTION FLOW CHART
Click on the button below to get your FREE eviction Flowchart Resource.
CHICAGO, IL EVICTION TIMELINE PROCESS
Take a look at the chart below that illustrates the parts of the Illinois eviction process outside the control of landlords for cases that go uncontested.
| Step | Estimated Time |
|---|---|
| Initial Notice Period | 5-30 Days |
| Court Issuing Summons | ~3 Business Days |
| Court Serving Summons | 7-40Business Days |
| Tenant Response Period | Not Required |
| Court Ruling | 14 Business Days |
| Court Serving Eviction Order | 7 Days |
| Final Notice Period | 7-14 Days |
WAYS TO SELL YOUR RENTAL PROPERTY
Cash Sale
Bankruptcy
Creative Finance
This is an option for people with very little equity who think their home will have to be a short sale or just lose it completely. The seller allows the buyer to take over payments on their existing mortgage. In some situations, we are able to save the home, reinstate the mortgage that is in foreclosure, and give the homeowner some cash to walk away with to start the next chapter of their life
Selling a rental property does not have to be challenging or stressful.
Here are a few advantages of working with a professional home buying company.
Convenience of sale
Our company can buy your house “as is”, meaning you will not need to spend any more money on repairs, you won’t need to fix it up, or worry about making it “pretty” for a showing. The sale will be on the timeline of your choice.
No Traditional Buyer Loan Complications
When you sell your house to us, you avoid the complications that come with a traditional home buyers’ loan application process. Your buyer may not get the loan approval when anticipated or they may change their mind altogether. Since we are local, we can close quickly and aren’t at the mercy of banks. This means a faster closing with less hassle than going the traditional route.
Speed of the sale
In many instances, when we work with homeowners who need to sell quickly, and they don’t have the luxury of waiting 6+ months to sell. If you are a landlord affected by tenants not paying rent, maintenance calls, squatters or property abuse you may need a speedy process that will alleviate these problems. Our 3-step process is simple and once you accept our no obligation cash offer, we can close on the timeline that best suits you.
Easy 3 Step Process To Get Your Cash Offer!
01
Call Or Fill Out The Form
02
We’ll Give You A Cash Offer
03
You Choose Closing Date