Cash transactions comprised 27.8% of all single-family home and condo sales in 2018, according to Realtor Magazine. While this percentage is down from the previous year, it still indicates people are receiving cash for their properties. If you’re in position where you would like to receive cash for your house, you should call an experienced cash home-buying company. Here’s why.
Get House Off Market Fast
While traditional real estate sales can take two or three months to complete, homebuyers in Chicago can consummate purchases as soon as a week after their initial offers. It will take this long to get the proper forms printed up and schedule their attorneys for the closings.
Fair Cash Offer
An experienced home-buying company will typically pay cash for your residence. Although the amount you receive will be less than you originally expected, you’ll make up some of the difference by avoiding closing costs and a real estate commission.
No Appraisal
Most experienced homebuyers in Chicago will not expect you to get your house appraised. That’s because they already know the market value of homes in your neighborhood.
Forgo Repairs
A legitimate cash house-buying establishment will not expect you to make minor or even expensive repairs. It usually has contractors to do this type of work.
Guaranteed Sale
With a conventional sale, a buyer can get turned down for a loan. This may prompt him to back out of sale. Contrarily, cash homebuyers in Chicago will never back out of purchases. That’s because they seek properties to fix up and sell for significant profits.
When you’re deciding which home-buying agency to use, check with the local Better Business Bureau. You can also arrange meetings with several companies and discuss the details of their transactions. Ultimately, you’ll want to go with the agency that works best for you.
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