Chicago real estate is booming, with closing rates jumping over 17% between January of 2020 and January of 2021. We’re currently seeing the rise of a seller’s market, meaning that demand is outweighing supply and sellers are in an advantaged position.

If you’re holding onto some Chicago real estate that you’ve been debating selling, now is the time to do it. Why?

The real estate market is always in flux. Seller’s markets create a great deal of competition for buyers, allowing sellers to drive up their costs. However, the scales can start to tip at any time, making it that much more difficult for sellers to get rid of the Chicago real estate they no longer want to hold on to.

Read on to learn more about how this works and why, if you’re thinking about selling, now is the time to do it.

Why Sell Chicago Real Estate Now?

When your region develops a seller’s market, you want to jump on that opportunity quickly. Seller’s markets tend to come to fruition as the result of two key factors, both of which are temporary.

The first is that there aren’t a ton of houses on the market but there are a ton of interested buyers. This drives up the competition for sellers, which is what will allow for a rise in property value and a faster turnover.

The second is that mortgage interest rates are low. Lower mortgage interest rates allow more people to consider taking the plunge into homeownership. In other words, it makes homeownership more affordable. 

The problem is that these two things are always subject to change. When more sellers realize that housing prices are going up, they tend to jump on the opportunity. If enough sellers enter the market all at once, it makes the real estate market far less competitive for sellers–in fact, this is one thing that can tip the scales in favor of buyers.

The other problem is that mortgage interest rates will not continue to drop forever. We’re already seeing them start to creep back up and many experts predict that the days of low mortgage interest rates are numbered. 

In other words, when you hear the experts saying that things are looking good for sellers, you don’t want to wait around too long before selling your own Chicago real estate.

Why Sell to URB Chicago?

URB Chicago offers a unique selling process that takes the guesswork, the headache, and the long timeline out of selling a home. Let’s take a look at some of the reasons that you may want to consider selling to us, rather than listing your home on the traditional market.

You Want to Sell Fast

A seller’s market can lead to a quick turnover for new listings, but that’s not a guarantee. Chances are, even if you find an interested buyer in as little as a week, you will still get caught up in the closing process for a month or longer.

If you know that you want to get rid of your property in as little as seven days, URB Chicago can help you make that happen. We start with a quick online or phone consultation that leads to a no-obligation cash offer. If the offer is to your liking, we handle all of the closing paperwork and can take your property off your hands in a week.

You Want to Avoid Commission and Closing Costs

The traditional market can be tempting, especially if you’re hoping to get more than what your property is truly worth–something that may be possible in a seller’s market, but once again, isn’t a guarantee. Plus, when you sell on the traditional market, you have a ton of hidden costs at the end that can cut pretty deeply into that higher property value.

These hidden costs include things like commissions owed to real estate agents, repair costs owed to the buyer, attorney fees, excise tax, and more. URB Chicago doesn’t use the same process that you’ll find on the traditional market. As a result, we’re able to waive all of these costs and give you your cash offer in full, no strings attached.

You’re Dealing With Tenants or Inherited Property

Sometimes, the property you want to sell comes with some hard-to-navigate caveats. For example, we often encounter property owners who want to sell their property but don’t know how to do that when they have mid-lease tenants living there. We also often encounter individuals who recently inherited a property and don’t want to keep it but don’t know what their rights are to sell.

These are common circumstances for URB Chicago. We know exactly how to handle situations like these so that you don’t have to. In other words, we’re happy to buy your inhabited or inherited property.

You Want to Sell As-Is

Maybe your property isn’t in the best of shape or you haven’t updated it recently. Taking the time and making the investment to do so may not be your best option, and that’s perfectly fine. URB Chicago will buy any property as-is, whether it just needs a fresh coat of paint or a whole new foundation. 

Are You Ready to Sell Your Chicago Real Estate Fast?

Chicago real estate is selling like hotcakes right now–but it may not continue that way for long. Sell now and take advantage of the conditions that tip the scales in your favor.

Want to up the ante and sell as quickly as possible? No one can put cash in your pocket as quickly as URB Chicago. Contact us today and let us know about the Chicago real estate you’re hoping to sell and we’ll get back to you with a no-obligation cash offer right away.