Thinking about selling a property you own? Learn about the best and worst times to sell your house in Chicago in our latest post!
Statistically and logically there are good times and bad times to list a house for sale in Chicago. If you are able to, avoid listing during times when it is less likely you will find a buyer quickly. You will also want to avoid attempting to list it when you are stuck in a difficult situation as you will have no guarantee of it selling. Below, we offer some tips on when listing your house in Chicago may not be the best choice.
The Worst Times To Sell Your House In Chicago
Listing your house is incredibly risky if you are hoping to sell in order to avoid a foreclosure. With a listing, you won’t have a guaranteed sale date which means the bank could take your property before you’ve had a chance to sell it. When you choose to sell your house directly to Chicago Home Buyers, you won’t have to wait around, not knowing when the house will close. We will provide you with a closing date right away, typically within a few short days depending on your preferred schedule.
For Another Investment Opportunity
Listing your Chicago house when another opportunity is on the table isn’t always a smart idea. By the time everything has been taken care of, you may have missed your opportunity. If you are an investor, you may be out a property, without many comparable options on the table. If the missed property was intended for you, you may find yourself settling for something you don’t like nearly as much.
If The House Needs Work
Historically, houses that need work before move-in aren’t going to perform as houses that are ready for move-in. Not everybody is looking for a fixer-upper. Many people want to be able to move in and be comfortable in the house right away. They don’t want to spend time and money on a house after making such a large purchase.
Investors and professional home buyers are usually a better audience for houses that need work. By selling your house directly and away from the Chicago MLS, you’ll be able to find more people who will have an interest in your property. Plus, with a direct sale, you won’t have to worry about commissions, showings, or when the house will sell.
When You Have Tenants
If you want to list your house with tenants in Chicago, try to wait until your lease is up. If this isn’t an option, let the tenants know about what is happening, but don’t expect them to be too receptive. When you are trying to show a house, the tenant will need to make sure it’s clean and make themselves scarce.
This can be a lot to ask from your tenant. Many people who list their house with tenants will offer incentives or even help them relocate to another place in exchange for their cooperation. For many home sellers, they find that selling directly eliminates all of the frustrations tenants can cause when trying to sell your house or investment property in Chicago.
You Have To Move Quickly
Life can come at you pretty fast. There are a number of reasons why someone may need to sell their house in a specific amount of time. Maybe you have to move for a new job, maybe you got accepted to a school out of town, or maybe a sudden illness has caused you to want to be closer to your family. No matter your reason for wanting to sell your Chicago house fast, a direct sale to Chicago Home Buyers will offer you a guaranteed closing date while a traditional listing will not.
If you need to sell your house fast, selling without an agent or the MLS will give you the peace of mind you need. No matter why you need to sell, you can always count on Chicago Home Buyers to make you a fair, no-obligation offer.
In any one of the situations listed above, a direct sale will allow you to sell your house quickly without any hassles or costs. If you have a house you need to sell fast in Chicago, consider selling it directly to Chicago Home Buyers in order to save yourself time and money on the sale.
Everyone says spring and summer are the best months for listing a house, but this really depends on your market. A lot of people put their house up for sale over the summer, hoping to be in a new home before the school year starts. If you are selling in the summer, watch out for a flooded market. When you choose to sell your house directly to Chicago Home Buyers, you will be able to sell at any time of year without having to worry about costs or delays.