Are you thinking about selling your house to a wholesaler in Chicago? Learn exactly what you can expect during the process in our latest post!
When people need to sell their homes fast in Chicago, they don’t always think about reaching out to property wholesalers or investors. Working with a real estate wholesaler is a terrific option for those who need to sell their properties within a specific amount of time. You will be able to receive cash for your house in Chicago, typically within 7-30 days or less. Working with an agent in Chicago will drag the closing out much longer. Below, we offer more information about what you can expect when working with a wholesaler to sell your house fast in Chicago.
The Initial Meeting
When you first meet with a wholesaler, they will take a look at your property and what you wish to sell it for They will let you know if your asking price is realistic for the buyers they are working with. They will present you with an offer that works for both parties and a quick closing will take place, putting cash in your hand fast! The wholesaler will handle the contracts, documents, and anything else the title company needs during the closing process. A great wholesaler will work to achieve the best possible outcomes for both the buyer and the seller of the home.
When you work with a real estate wholesaler in Chicago to sell your house, the process will typically over pretty quickly, usually in about 30 days or less. Working with a real estate agent in Chicago can take six months or even longer Not everyone has this time, especially those who are being foreclosed on, who need to move for work, or who need to sell in order to have the capital for another opportunity.
What’s Expected of You
The great part about selling your house with a wholesaler in Chicago, is that you won’t have to worry about repairs, maintenance, or cleaning up. Their buyers will purchase your property as-is, freeing you from the daunting tasks of getting it ready for the open market. For many people, selling for a lower price actually makes more sense once the time and costs of repairs have been factored in. Selling your house directly to a home buyer in Chicago can save you a bundle!
As the seller, very little is required of you when working with a property wholesaler. You should do some homework on your properties true value and what you can realistically accept for the house. Know how much it would cost to repair and upgrade to make it comparable to other houses in your neighborhood. Keep in mind, that even if an offer is presented, it doesn’t mean you have to take it. Working with a professional and experienced team like Chicago Home Buyers will help to ensure you aren’t working with a wholesaler who will take advantage of you or trick you into selling your house for much less than it’s actually worth in today’s market.
You will also need to clear out the belongings you want to keep and take with you. If there are things left behind, that is ok. The wholesaler and their buyers will get everything else taken care of for you. This offers just one more benefit for home sellers who are thinking about selling their homes to a wholesaler in Chicago.
If you need to move quickly and don’t have a new place squared away, you may have to consider temporary housing or storage options. When working with a wholesaler, you should keep in mind that you won’t be receiving retail value, however, you also won’t be spending any money on repairs, commissions, or any other selling costs. When you run the numbers, you may even come out ahead when working with a wholesaler depending on your property.
When you have a house you need to sell fast in Chicago, a great option is to seek an offer from a professional investor or wholesaler. Understanding what they are able to pay for your house will give you a better understanding of the local real estate market along with your property value. At Chicago Home Buyers, we love to help people who need to sell quickly. We also enjoy fixing up properties and being able to offer them to others to rent or buy. All things considered, we truly love what we do. We would love the opportunity to make you an offer on your property, closing right away. We will provide you with a fast closing, convenience, and cash in your hand right away! Reach out to us at any time if you have any questions about selling your house to a wholesaler in Chicago.