If you own unwanted property, a good option to take it off your hands is to sell it. Because the real estate market is very volatile, it’s a good idea to know the different ways you can sell your Chicago property. While selling on the real estate market does have its benefits, the best option for selling your house in Chicago depends on what you need from your sale. If you want to benefit from the current market trends, selling on the market is the way to go. But if you need a time-sensitive sale that offers a quick sale for the best price, selling your Chicago home to a cash home buyer may provide a better option.
But what are some of the major advantages of selling to a cash home buyer in Chicago, IL? Aside from being able to sell your home in Chicago fast, there are also several advantages that can reduce your waiting time, costs, and other hassles associated with selling on the real estate market. Here are some of the benefits you should know.
Sell Your House Faster in Chicago
Many homeowners that aren’t in a rush to sell their Chicago home have the advantage of waiting for the optimal market trends that can get them the best price. But for people experiencing foreclosure, bankruptcy, divorce, and sudden relocation, you may not be able to wait long for an offer. As a result, rush selling on the market may make you more susceptible to lowball offers in an attempt to sell your house fast.
Cash home buyers, however, can help you sell your house fast. While homes in Chicago can take an average of 45 days to receive an offer, cash home buyers can provide a fair cash offer within 72 hours after viewing your property. We don’t provide lowball offers or give offers we aren’t ready to stand behind. Once you accept our no-obligation offer, we can close in as little as 14 days. In comparison, it can take up to 3 months to receive an offer and handle the closing process if you sell on the real estate market.
Avoid Deals That Don’t Push Through
Not all offers on the Chicago market are a done deal. Aside from the lowball offers and the buyers who are just browsing, you also have buyers who’ll provide an offer only back out at the last minute. This is just time and resources wasted that puts you back in square one as you look for buyers all over again.
Dealing with cash home buyers, in comparison, don’t have risks like these. After we view your property, the offer we give you is one that we are willing to commit to. We never give an offer we can’t stand by. This is a no-obligation offer, so you can choose to accept our offer if you want it. Should you accept, we pay in cash. This means we don’t apply for mortgages or loans which take time and exhaustive efforts, especially for homes in disrepair.
Reduce the Costs of Selling Your Chicago Home
Selling your home on the real estate market comes with a number of costs and expenses that can reduce the profit you can potentially earn from your sale. For instance, real estate agent commissions take around 6% of your selling price, closing costs are another 5%, and home improvement projects can take another chunk depending on how much you spend. You could choose not to spend on home improvements, but depending on the state of your home, it could reduce the value of your homes and the potential offers you can receive.
A major advantage of selling directly to a cash home buyer is that the costs associated with selling your home can be skipped. Since cash home buyers aren’t the middle men during the sale, they don’t charge commissions. They also shoulder the closing costs so that you don’t have to. And when it comes to home improvement, these repairs and renovations aren’t necessary. Cash home buyers buy properties “as-is” so you don’t have to spend to receive a fair offer on your property.
Ready to Sell Your Home?
If you’re planning to sell your home, you may find that the advantages of selling to a cash home buyer is the better, more practical, and smarter option for selling your home. At Onyx Homes, LLC, we buy houses in Chicago, IL for a fair price, regardless of the state of your home. Our team can help you sell your home in the quickest and most convenient way.
Contact us today to learn more and to schedule your property viewing appointment.
