Do you need to sell your home quick as fast as possible in Chicago?
When you sell a home in Chicago, you might not get the property off your hands right away. In fact, selling a home could take up to 70 days. It might take even longer if the buyer needs to secure a mortgage for the home.
Sometimes, though, moves can’t wait. Life happens, and people find themselves needing to move closer to loved ones or get rid of a property within a certain time frame.
So, how do you sell your home quick?
Below, we’ll go into the steps to fast results for your house sale. Keep reading to learn more and get your home off your hands!
1. Understand What an All-Cash Offer Is
The fastest way to sell your home consists of getting an all-cash offer for it. All-cash offers usually come from companies that buy your home from you as it is. That means you don’t have to fix your home up or make it presentable for prospective buyers!
Yet, the term “all-cash” serves as a misnomer. You won’t actually get cash. Instead, a cash offer refers to any home offer in which the buyer already has the funds to buy the house. As such, they don’t need to procure a loan to do so.
So, what will you get if you choose to sell your home to a cash buyer? The purchasing company will either transfer you the funds or use a cashier’s check.
Either way, this gets your home off the market faster. In fact, some people even sell their homes for cash in as little as 2 weeks. It can take from 30-60 days to close on a home that’s purchased with financing.
2. Find a Company
So, have you decided to sell your Chicago home for cash?
If so, you should start looking online for companies that give great cash offers. Since 1986, URB Chicago has specialized in buying and selling Chicago homes. The condition of the houses doesn’t matter.
To get started, fill out our fair cash offer form and submit it. Then, our team will review your details and offer you our best price for your home. This part of the process is free. If you don’t like the offer, you don’t have to take it!
So, if you want to sell your home quick, view our free fair cash offer form!
3. Sign the Contract
Have you found a company that has given you a great offer for your home?
If so, sign their contract to start working with them! This kicks off the process of transferring the ownership from you to the cash buyer.
Before you accept an offer, you should ensure it matches the worth of your home. Do some market research to see how much houses like yours sell for. A good offer gives you a price commensurate to your home’s condition and property value.
4. Hire Title and Escrow Companies
Next, you need to hire title and escrow companies.
Not sure what these companies do?
Think of a title company as an agency that ensures that everything pertaining to the property has been well-defined. This includes ensuring the property lines get drawn in a correct manner. They also make sure no outstanding liens exist.
A property lien comes about from an unpaid debt. If you have accrued any debts, a property lien might get placed on your home until the debt gets resolved.
They will issue the title insurance and oversee the property actually transferring from you to the company.
The escrow company handles the closing paperwork. They make sure the funds get sent to you, and that the legal ownership gets recorded.
Want to know the good news? If you work with us, we take care of the closing paperwork and costs!
5. Look for Unique Requirements
Every home might have different requirements to meet before a sale can take place.
For instance, the homeowner’s association associated with the property may take some time to process the buyer’s application. This could slow down your selling process, so make sure you find out about these requirements as soon as possible.
6. Sign the Closing Paperwork
After all of this, you just have to sign the closing paperwork!
You’ll need to sign the final closing instructions, which outline the responsibilities of your escrow company. You will also get to review and sign the HUD-1, which details all the money involved in the sale.
In addition, you need to sign the certificate of title and title deed. The certificate of title asserts that you have the right to sell the property. The title deed grants the buyer the rights to the home.
Your signature will also be required on the bill of sale, the mechanics liens, and a loan payment statement (if you have a mortgage). The bill of sale details any agreements between you and the buyer, and the mechanics liens pertains to the liens you may have on the property.
Your loan payment statement will tell you how much you owe on your mortgage.
Finally, the statement of closing costs states that you were informed about all of the costs associated with closing. The statement of information has you promise you are who you say you are.
Ready to Sell Your Home Quick?
Are you ready to sell your home quick and move on to the next chapter of your life?
To quickly sell your home in Chicago, use an all-cash home buyer. Our team of enthusiastic professionals works hard to make sure you get the best price for your home. When you work with us, we’ll take your home off your hands as fast as possible!
Want to learn more? Contact us today!