If you are thinking about selling a house in Chicago, learn why you should use a wholesaler to make the process faster, easier, and less expensive in our latest post!
When homeowners need a way to sell a house fast in Chicago, they may not always consider working with a wholesaler to get the job done. However, by selling their homes directly, they will be able to save time and money during the process. The homeowner needs to ask themselves, how long can they wait to close? How much are they comfortable spending upfront in order to confidently list the property? Are they able to gamble, not knowing if or when the house will sell? Listing a house in Chicago isn’t for everyone. Learn about our 5 great reasons to sell your house to a wholesaler in Chicago!
Get Your Money Right Away
When you work with a wholesaler in Chicago, you will typically be able to sell your house in a matter of days. With a traditional listing, there is no way to determine when the house will sell. It could sit on the MLS for months before you find a buyer for it. Selling right away can potentially save you a fortune in holding costs. Imagine, no longer having to pay for utilities, property taxes, homeowners insurance, landscaping services, or property maintenance. Since you know you will be closing quickly, you will be able to plan ahead, a luxury people don’t have when listing their homes on the MLS in Chicago.
Avoid Repairs and Upgrades
When you work with a wholesale buyer in Chicago, the house will typically be sold as-is. This means you won’t have to make any repairs up front to get the house ready for the MLS. Nor will you be asked to make repairs to the property after an offer is made and a proper inspection has been done. You won’t have to make upgrades to the house in order to compete with other properties on the market in Chicago. When a wholesaler finds a buyer for your property, they’ll be ready to buy your house fast, repairs and all.
No Property Showings
You won’t need to invite strangers into your house for open houses nor keep it clean for property showings that can often happen with little notice. People will be driving by your house, see the for sale sign, and want to schedule a showing right away. You want to attract as many potential buyers as possible, so you will want to be accommodating to all showing requests. If your house takes a while to sell, keeping the house showing-ready can be difficult for many owners, especially larger families who simply have more people and therefore more stuff! Many homeowners will pay to have their homes professionally staged in an effort to attract more buyers, however, this adds even more to the bills you are paying upfront. When you work with a wholesaler to sell your house, they will typically have repeat buyers who will be interested in your house, thus buying it quickly and eliminating any further showings of your home.
Save Money On Commission Costs
When you work with a property wholesaler in Chicago, you won’t have to hire or pay a real estate agent to help you sell your house. Commissions run somewhere around 6% of the final sale price. This can equate to thousands of dollars once the house is officially sold. Factor this in when you are deciding whether to hire a Chicago real estate vs. working with a property wholesaler to sell your house fast and without all the fuss. When you add up the commissions as well as all of the other costs you may face when listing, you could be looking at a pretty substantial sum of money, all of which could be saved when selling your house with a property wholesaler in Chicago.
End Your Holding Costs
Owning a house is expensive. While the house is listed, you will need to keep the utilities on whether or not you are living there while it’s on the market. You will also have to continue paying the homeowner’s insurance premiums as well as your property taxes. You are responsible for the taxes until the house has officially closed. This could be several months when selling your house in the traditional way. You should also factor in routine maintenance, extra cleaning costs, and all of the other costs miscellaneous costs homeowners face when owning property in Chicago.
If you have a house in need of repair or if you need to sell your house fast in Chicago to avoid foreclosure, working with a local wholesaler may be the perfect solution for you. They can close faster, save you money, and they will help you to sell your house in Chicago as-is.