It is always smart to explore your selling options before selling your house in Chicago. In our latest post, find out if a direct sale, an FSBO or hiring an agent is the way to go for you!
Many people think that the only way to sell their house successfully is to hire an agent and wait around for a buyer. However, this is not the only way to sell. Many people are opting to sell on their own, either using an FSBO listing or selling to a direct buyer, thus eliminating repair costs and commissions. The best way to decide how to sell is to compare the financial aspects and time commitment required for each selling method. Take a look at some basic comparisons below!
A Direct Sale
By far the most efficient way to sell your Chicago area house is by doing a direct sale. With a direct sale you can utilize the services that companies such as Blue Ladder Development provide and have an experienced buyer purchase your house saving you all the hassle involved in a traditional sale. You won’t have to worry about spending a bunch of time and money getting the property in “listing ready” condition since a direct buyer will purchase the property a 100% as-is. You also won’t have to worry about cleaning staging and cleaning the property either. At Blue Ladder Development we are an experienced real estate company and can handle all of the paperwork and other steps required to sell help you sell your house quickly.
With a direct sale you also won’t have to worry about the typical unknown risks you take on when selling a house. Blue Ladder Development will provide you with a guaranteed closing date and provide you the convenience of selecting your preferred closing date.
Selling On Your Own
Selling your Chicago house on your own will require some real effort. It is wise to have some real estate knowledge under your belt so you can understand all laws and be prepared for the negotiation process. You should understand the local market, and be able to recognize a good offer. With a For Sale By Owner Listing, or an FSBO, you will need to handle all of the marketing on your own. This includes online listings, print materials, newspaper ads, open houses, and signage. You will also need to be able to answer questions and show the property to potential buyers as requested. If you do find a potential buyer, you will need to ensure all of the paperwork and contracts are handled correctly. When choosing an FSBO listing, it is always smart to speak to a local real estate attorney to make sure everything is done the right way.
Hiring An Agent
Hiring a local Chicago agent is the choice for those who don’t mind some upfront costs, costs after the sale, and who don’t have a set time in which they need to sell by. When you put your house on the MLS, you will likely need to do some work to the house so it is competitive with others on the market. This can involve professional cleaning, staging, repairs, and upgrades. Once the house is listed, the agent will schedule showings which you shouldn’t be around for. It can make buyers feel uncomfortable, decreasing your chances for a sale. You will then need to wait to see if an offer comes in. This can happen in days, weeks, months, or sometimes not at all. If a buyer is found, you will have to go through the escrow process which involves inspections, appraisals, and any other red-tape from the lender. After an offer is accepted, it can be weeks before the property actually closes.
At Blue Ladder Development, we want to help you make the decision that is in your best interest. Whether you decide to sell directly, on your own, or with an agent, make sure to fully explore all your options before choosing how to sell your Chicago home.