Finding the right service to buy your home for cash requires knowing your options. Consider these factors before choosing a cash home buyer.
The number of traditional buyers that are willing to pay for a home in cash is dwindling, which can put some sellers in a tough spot. What do you do if you want to sell your property quickly, as is, and receive cash in full upfront?
Fortunately, if you are a seller looking to turn over your property fast, you can still find a reputable cash home buyer to take the property off your hands.
The question is, how do you decide which cash home buyer to work with? When you start looking for options, you may discover that there are a lot out there. However, not all of them will suit your needs.
Read on to learn 7 factors you should consider before you select the cash home buyer you wish to work with.
1. Can You Sell As-Is?
ROI of over 100%. In other words, when you have to pay for renovations to make your home more appealing, there’s a high chance that you’ll invest more money than you’ll make.
One of the many benefits of selling to a cash home buyer is that you can skip the renovation process–although not all cash home buyers will give you that option. We will purchase your property regardless of the condition it’s in and still give you a fair offer.
2. Are You Selling a Single-Family Home or Another Type of Property?
Of course, the term “cash home buyer" seems to indicate that other properties, like apartment complexes or commercial properties, are off the table. However, if you are selling something other than a single-family home, you’re not totally out of luck. Do your research and make sure that your cash home buyer of choice will consider buying other kinds of properties–there are some out there (like us) who will.
3. How Quickly Can You Expect an Offer?
It’s no secret that property owners looking for a cash home buyer are hoping for a quick turnover. However, some cash home buyers don’t operate as quickly as they claim.
While it’s always a case-by-case situation when we’re purchasing a property, we have a good track record of providing most offers within 24-48 hours of an owner inquiry.
4. Are You In the Process of Evicting a Tenant?
Things get tricky when you’re hoping to sell a property that is occupied by a tenant you’re trying to evict. Can you still expect an offer from a cash home buyer?
We are fully willing to give you cash for a home that is occupied. After closing, we will handle all tenant issues for you.
5. Is the Property Inherited?
At some point in your life, you may inherit a property you didn’t really want to own. It’s hard enough to decide what to do with everything in the home, whether you want to keep some of it or sell it all. Once you’ve taken care of everything in the home, what do you do about the home, itself?
If you’re not planning to move in to or rent out your inherited property, you’re going to want to get it off your hands as soon as possible. However, trying to sell an inherited home on the traditional market can take up a ton of time and legal work.
Instead, look for a cash home buyer like us who will gladly purchase an inherited property. In fact, the process of selling inherited property to us doesn’t look that much different than selling a property you purchased, yourself!
6. Does the Cash Home Buyer Have Good Reviews?
Any cash home buyer can make themselves sound good on paper. It’s easy to make promises and guarantee things like a good offer and quick turnover, whether the company follows through or not. That’s why you want to take more than just the company’s word for it.
Make sure you look at a cash home buyer’s reviews before you decide to work with them. We are proud to say that our clients are always satisfied and happy to leave us good reviews. We are often cited as offering the most cash for homes in the Chicago area.
7. Are You Obligated to Accept the First Offer?
To get started with a cash home buyer, you will give them the address of the property in question and answer any questions they have. This allows them to assess the worth of your property and generate an offer. The question is, once they’ve made an offer, are you obligated to accept it?
Working with a cash home buyer that doesn’t allow you to decline an offer limits your opportunities. What if you’re unsatisfied with the offer and want to shop around to see if anyone will give you more money?
We don’t require anyone to accept our offer. There are no contracts or obligations that we lock our clients into before we’ve told them how much we’re willing to pay for their property. It is important to us that all of our clients are happy, even if that means that they end up taking their business elsewhere.
Let Us Take Your Chicago Property Off Your Hands
Not everyone is in the position to list their property on the traditional market. Sometimes, selling a property the old-fashioned way can take months or even years. If you’re ready to sell fast and receive full cash upfront, consider using a cash home buyer.
We are proud of the work that we do in the Chicago area and the number of satisfied clients we’ve worked with over the years. We don’t charge any fees or commissions, we don’t lock our clients into contracts before giving them an offer, and our turnover time is hard to beat. To get started with us, fill out our online form or call us at 224-601-0218.