Are you in the market to purchase a home in Chicago or the surrounding areas? If so, you can find excellent deals by staying off the MLS and working with local investors directly. Learn more about what to look for and how to find the right properties in our latest post!
When you want to buy a house in Chicago, one often unexplored method is to purchase directly from a local investor. Some of the best deals are found this way. Investors are typically able to find the best deals around, and you can too by utilizing an investors experience. Whether you already run a robust portfolio, are making your investment, or have never purchased a property before, working with an experienced, honest, and successful Chicago investor, you’ll be able to find deals that others will never know about.
When working with a local investor, it is important to know what you are after. Before looking at investment properties in the Chicago area, determine how much you can pay and the neighborhood you wish to buy in. Know which type of property you want to buy as well as the number of bedrooms, etc. Knowing what you are looking for will help the investor determine exactly what properties will be right for you. On the flip side, it can also be beneficial to take a look at the investors current inventory of available properties. They might have found a property you never would have considered in a location you hadn’t looked in. If the returns are there, it is definitely worth exploring. Just make sure you don’t get in over your head with a property you are unable to successfully manage.
Look For Quality
A good investor will make their money by using streamlined processes, not by using cheap materials or poor craftsmanship. Some investors will make shotty repairs in an effort to save money. Before you buy, inspect the house to make sure it has been repaired properly. At Chicago Home Buyers, we take tremendous pride in the work we do when fixing up homes. Only the best materials and local contractors are used for the process.
You’ll Save Money
Just like you, an investor is looking for a great deal on the properties they purchase. Quality is of great importance as they don’t want to be stuck with a bad investment any more than you do. Experienced, local investors are able to find great deals on high-quality properties that you may not have been able to find on your own. When you work with such an investor, the savings are passed on to you. Plus, by purchasing directly, instead of through an agent, you will be able to avoid any sort of commission costs, agent fees, or other expenses that come with a traditional sale.
Place An Order
Another option many Chicago investment buyers utilize when working with another Chicago investor to buy a house, is to simply let them know what they are looking for. Investors will work hard to find a property that meets your specifications, which means less leg-work for you in the long-run. Of course, you will always want to do your own homework, but by working with an investor who is looking for the same information as you, the answers you need will be readily available without too much digging.
We would love to help you find the property you have been looking for! Using our advanced negotiation tactics, Chicago Home Buyers is able to create some of the best opportunities for other local Chicago investors.