One question we get all of the time here at Blue Ladder Development about our local Chicago house buying program is, “Can you buy my house for cash in Chicago or do I have to wait for a buyer to get a bank loan?“.
Great question and totally valid.
95% of all buyers of houses listed with a real estate agent go through the traditional “bank loan” process, which can take from 20-60 days from the time you accept their offer, to actually close on the property.
All the while you’re paying your mortgage payment, the utilities on the house, insurance, and a real estate agent commission at the end.
Keep reading this article to learn about our local “cash for houses in Chicago” program and how we can close on your house in as little as 7 days.
“Can You Buy My House For Cash In Chicago IL?” – How It Works
Here at Blue Ladder Development, we’re a local professional house buying firm.
We buy houses for cash, fix up the property to beautify the house and the neighborhood and find another happy homeowner to buy the house.
The local house sellers we tend to work with usually need to sell their house fast… and the fastest way to sell a house is with a buyer who can pay cash. A cash buyer isn’t relying on the approval of an unknown third party (the underwriter for the bank) to be able to actually purchase the property. The reason many sellers have chosen a lower cash offer over an offer contingent on the buyer getting the loan is because it is a much lower risk of falling through.
A buyer with an offer contingent on financing has very little to lose if they end up don’t getting approved by the bank for the loan the typical IL real estate contract allows the buyer to be fully reimbursed their earnest money.
A cash house buyer helps you avoid having to wait for that buyer to get approved for the loan… and for that loan to work it’s way through the bank underwriting and funding process.
If you’ve ever gotten a loan from a bank to buy a house, you know how long the process can take. In addition to the extensive documentation process the bank will require an appraisal to be conducted on your home in order for the buyer to receive a loan. While it is small percentage of the time bad appraisals do happen and when they do it will most likely disqualify your buyer from purchasing property. You’ll have to start the entire process over again.
If you don’t have the time to wait that long, that’s where we come in.
We can buy your house for cash, close quickly, and we pay all of the closing costs and fees associated with fixing up the property.
You get a quick, no-hassle sale.
You get cash in your hand on the schedule you need (in as little as 7 days), and we get the chance to help improve the neighborhood by doing any repairs or upgrades the property needs and getting a new home owner into the house as soon as possible.
We Buy Chicago Houses For Cash. Get Your Fair Cash Offer Today.
Give us a try! At Blue Ladder Development we believe in a 100% no-hassle and no-obligation process.
Selling your IL house shouldn’t be tough or stressful.
If you need to sell your house fast and can’t wait the 3-6+ months it can take to sell your house yourself or through an agent, you don’t have anything to lose by seeing what we’ll offer on your house.
Fill out the short form through the link below or give us a call anytime at 630-387-6861. We’ll get some basic information about your house and within 24 hours will send you a formal written offer. If the offer works for you, we’ll work with a local neutral 3rd party title company to put the sale paperwork together and set a closing date that fits your schedule.
Get the process started below or call 630-387-6861!