A great way to save money on the purchase of your Chicago house is to buy a house without a real estate agent. However, before you start to try to figure everything out on your own, there are a few things you should know. In our latest post, we will offer tips to help you buy a house without a real estate agent in Chicago.
A great way to save money when buying a house in Chicago, is to work directly with a seller to purchase their home. At Chicago Home Buyers, we can help you buy a house without using a real estate agent so you can keep all the money you would have spent on commission and repairs.
Know What You Are Looking For
Before you begin searching for the right house or investment property, it’s important to know what you are looking for. Setting your criteria, and sticking to it, will help you avoid wasting your time looking at houses that aren’t right for you. This will also keep you from overspending, buying in an undesirable area, and getting in over your head with repairs. Determine which areas you are interested in, how large of a house you want to buy, how much you want to spend, and how many repairs you are willing to take on. While you’ll want to be slightly flexible for the right property, don’t find yourself too far out of the boundaries you set for yourself. It doesn’t matter how much or how little you like a house. An investment property has to make sense on paper.
Get Your Financing In Order
Before buying a property, with or without an agent, you’ll want to have your financing in place well in advance. Many direct buyers pay cash for their properties, allowing them to close quickly on the home of their choice. If this isn’t an option for you, you’ll want to get pre-approved before you begin looking at any houses in the Chicago area. Getting pre-approved is different than getting pre-qualified, so make sure you’ve done everything you need to do ahead of time. Many sellers won’t even look at an offer unless a buyer has been pre-approved or has the money available to buy the home outright. You don’t want to waste your time or the sellers time by making an offer you aren’t able to follow through with.
Keep Your Eye On The Market
When searching for the right property without the use of an agent, you’ll need to do a lot of the work the agent would have done for you. This means always knowing what is available, how the market is performing, and who is discounting their homes and when. You’ll want to know how the market is behaving and have a good idea of what to expect next. The team at Chicago Home Buyers is always here to provide market insight and to help you analyze properties you are thinking about purchasing. It all comes down to doing your research when trying to buy a house without a real estate agent in Chicago.
When you work with the team at Chicago Home Buyers, you can be notified when properties meeting your criteria become available. You’ll never have to worry about missing out on a house or property that would have been right for you but was unfortunately sold to someone else. All you have to do is tell us about what you are looking for, when you want to buy, where you want to be geographically, the acceptable condition of the home, and how much you want to spend. As soon as a property meeting your criteria becomes available, you’ll be the first to know!
View The Homes You Are Interested In
After finding a property that seems right for you, the next step would be to take a tour. When you view a house with us, you’ll be able to learn everything we know about the property, and have the peace of mind you need, knowing the title is clear and you aren’t working with a team who will buy and sell just any property. As investors ourselves, you can be assured that only high-quality properties are in our inventory. We’re completely transparent, so you will know exactly what you are getting with every home purchased from Chicago Home Buyers. Be sure to look at a few options before making a purchase. This will help give you some perspective as to what’s available.
Once you’ve found the right house, its time to make an offer and close the deal! When handling things on your own, it’s a smart idea to have a lawyer look over your contract to make sure everything looks good. If you purchase with Chicago Home Buyers, we will ensure the closing moves along quickly and easily. Before you know it, you could be the proud owner of an investment property in the Chicago area!