What To Expect When Working With A Professional Home Buyer In Chicago

by Sep 2, 2022

Realtors are generally known, and most people have had some level of experience or exposure to what they do, as a seller. Whereas, when working with a professional home buyer in Chicago, some sellers might not know exactly what comes next. The good news is, when working with a professional homebuyer, sellers can always expect simple and easy transactions without any stress involved.

What to Expect When Selling to a Professional Homebuyer in Chicago

Straightforward Closings

Professional home buyers in Chicago usually close on a house much faster than traditional buyers, and they normally pay with cash. The regular process of purchasing a home requires bank qualifications, mortgage underwriting, and property inspection, and often the buyer doesn’t end up qualifying. 

When you sell to a cash home buyer, you don’t need to worry about any of these. Even better, there are typically no commissions paid to a buyer’s or seller’s agent, which results in thousands of dollars in savings. The usual commission is 3% per side, so if you sell your property for $300,000, you’ll have to pay $18,000 in commissions alone!

Professional house buyers may not charge transaction fees; if they do, they are generally very modest compared to the commission or closing costs you would have to pay otherwise. They also provide out-of-state owners with mail-away closings, which is fantastic.

Purchasing Homes As-Is

In most cases, Illinois homebuyers opt to buy properties as-is. This means you won’t have to worry about repairs before closing or any other unexpected charges you weren’t expecting. 

Lower Risk Transactions

When you sell to a professional home buyer in Chicago, the process is much simpler than selling traditionally. The contracts are shorter and easier to understand, and there is less risk involved.

With professional home buyers, you don’t have to fret about the buyer discovering something unfavorable after the sale or not liking aspects of the house or neighborhood they didn’t know about before. Usually, with traditional real estate contracts, there is always a possibility for litigation if the buyer believes they weren’t given all pertinent information upfront or feels as though what was communicated to them was inaccurate in some regard. Because these types of buyers are already aware of any potential dangers involved beforehand, they’re more likely to be willing to take on that risk themselves.

No Showings

If you choose to work with a professional home buyer in Chicago, you will no longer have to endure the l ups and downs that come along with selling your house. You also won’t have to worry about making sure your house is sparkling every day before leaving for work just in case there’s a showing while you’re gone, or worry about possible buyer’s agents or clients, or dealing with them asking you questions that you don’t want to answer. The only people that would be involved are you and the home buyer, making it much simpler and reliable for you. 

Move Out Time

A lot of homebuyers are interested in the investment. They aren’t expecting to live in the house on closing day. The majority of homebuyers will allow a move-out period following closing so you may relocate at your own pace. This is really helpful, especially when closing speedups are involved. You might not even need to clean the property when you leave. Simply pack all of your personal belongings and furniture that you want to keep and leave everything else behind.

READY TO SELL YOUR HOME?

If you’re looking for ways to sell your house fast in Chicago, even if it has zero equity, you should consider selling to a professional home buyer. Who has the time to sell your property through a real estate agent when time is of the essence? We understand the urgency, and we’re here to help.Our goal at Onyx Homes LLC is to improve the overall quality of housing for the residents of the area. We buy houses in Chicago, IL in just about any condition and situation, including foreclosure, late mortgage payments, or fair market value. You can either take a step forward into your new life by accepting our fair cash offer or take your chances with the long arduous process of traditional home selling. For more information about our home buying process, give us a call at (847) 262-9012 today.

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