How to Sell House As Is in Chicago.
“I need to sell my house ASAP. But who will buy my house when it needs so many repairs?”
Well, for starters, we buy houses for sale in any condition. And we’re not the only ones. There are actually a lot of investors who will pay cash for homes in Chicago so they can fix them up and sell them for a profit.
Still, how do you do it? We can answer that, too. In fact, the following guide answers all of your questions about how to sell a house as-is in Chicago.
For instance, is it possible to sell your house in 7 days? Also, do you need to clean and stage before you sell your house as-is?
How do you find/choose cash buyers for houses in your area? Can you sell your own house online and, if so, how?
For all these answers and more, read this guide on how to sell a junk house.
Why Sell Your House As-Is in Chicago?
The first thing you need to know about selling as-is is whether or not it’s the best option for you. Here are several scenarios in which you should definitely consider selling as-is.
1. You Don’t Have Time to Wait
The best reason is that selling as-is can be the fastest way to sell your house. For instance, we can buy your house in as little as seven days.
And a lot of sellers don’t have time to wait for any sale that takes longer than that. You may, for example, save your house from foreclosure by selling quickly to a cash investor.
But, perhaps, your need to sell is not quite this urgent. You still may not have time to wait for any repairs that need to be done.
2. You Don’t Have Money For Repairs
On the other hand, you might not have the money required to get the repairs you need. In some cases, the upfront cost of these repairs could make it difficult to afford your house payments. Rather than risking financial struggle/foreclosure, it’s better to sell fast for cash.
3. You Aren’t Available For Repairs
Many people are too far removed from the property to make sure that the repairs go well. For example, you might be living at a second house in a different state.
You’d have to make a trip all the way out to this house every time you get it repaired. This would be more trouble and cost more money than it’s worth.
Or, you could have a very full schedule and the repairs would interfere with your work or other activities. This is often true of people who work at home. Some repairs can take several days and make it hard to live or work in the house.
4. It’s Usually Easier to Sell As-Is
Like in that last example, selling requires a lot of your attention, too. If you don’t have a lot of time or energy to spend trying to get your house sold, do it the easy way instead.
Listing as-is usually results in fewer complications than other house selling methods. Consider it this way. Nice, fixed-up houses typically get a lot of bids for the seller to sort through.
But most of these are from buyers who are considering a lot of houses and aren’t really sure which one they want. In other words, they’re just wasting the seller’s time.
But no one even considers bidding on a fixer-upper unless they’re committed enough to do the necessary repairs. Thus, any buyers who bid on your as-is home are less likely to back out later.
Options For Selling a House As-Is
If you decide to sell your house as-is, there are three options of how to do so. You can find a cash investor to sell to, go through a realtor, or sell it yourself. Here are the pros and cons of each of these methods.
1. Sell to an Investor
This is by far the easiest method. They have the cash to pay in full right now and the needed repairs aren’t a problem for them, either.
In fact, your beat-up, old home is just what they’re looking for. They will invest the cash to make the repairs so they can quickly resell it for a profit.
You can get offers by simply searching for cash investors in your area and contacting them. You don’t even have to list the home.
2. Hire a Realtor
Hiring a realtor to sell as-is takes a lot more time, but it might get you a higher sale price for your house. Unfortunately, most if not all of the extra you make will go to the realtor’s 6% commission. It’s still better, then, to get a cash investor to buy your as-is home.
Plus, with a realtor, you still need to list, clean up, and stage your house for general buyers. This isn’t necessary to appeal to cash investors.
3. Sell It Yourself
Selling by yourself is the same as selling with a realtor except that you’re doing all the work. Also, you probably don’t have the expert real estate knowledge to get a great sale price for all this trouble. For these reasons, it’s not a very practical option when selling as-is.
Sell House As Is Tips
Finally, we explain what you need to do to get your house sold. Here are the 3 most important tips you must bear in mind when selling as-is.
1. Know What Your Home Is Worth
First, you need to know the difference between a good offer and a bad offer. Do this by finding out the true value of your home. There are several online home value calculators that can help with this.
2. Be Honest
Next, make sure you get a home inspection so that you know all the things that are wrong with your house. Then, be completely honest about these issues when communicating with potential buyers.
Otherwise, these problems will be discovered when the buyer does their home inspection. Then, they will most likely back out of the deal.
3. Choose a Cash Investor
We can’t stress this enough. Selling to a cash investor is simply the most logical choice when selling as-is. Spare your self the struggle and drama of other home-selling methods and look for cash home buyers in Chicago or your local area.
Use This Guide to Sell Your House As Is in Chicago
If you need to sell your house as-is in Chicago, remember the advice in this guide. Keep this page bookmarked so you can refer to it as needed.
Furthermore, if you really want to sell your fixer-upper fast and at a good price, contact us here. We handle the paperwork, pay most closing costs, take no commissions, and can close as quickly as 7 days.