Looking For Home Buyers In Chicago?
We Analyze The 3 Ways To Sell Your Home In Chicago
If you own a home and are thinking about selling to home buyers in Chicago, you have a number of selling options available to you. In this blog post, we’ll look at those 3 ways and break them down to help you determine which way is best for you.
For most people, owning a home is the largest purchase of their lives. So it’s not surprising that the process of buying a home or selling a home can be extremely complex.
Over the years, three home-selling options have developed to allow homeowners like you to sell to home buyers in Chicago. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell.
Home-Selling Method #1: Sell Through An Agent
Selling through a real estate agent is the method that most homeowners are familiar with. It is generally considered to be the traditional way of selling real estate as this is the most common method for selling a home.
The agent acts as a “middleman,” showing prospective home buyers in Chicago through your house until one of those buyers decides to buy. They’ll make an offer, the agent will negotiate on your behalf, and then you’ll close.
The timeline on this selling method can take months (the average is 3-6 months). Sellers who choose this method prefer to gamble on the timeline to do less work (the agent does the work) and with the hopes of selling at the market price. However, sellers who use this method will often need to spend money up-front to repair their house first, and then spend money after the sale on agent fees and commissions.
Home-Selling Method #2: Sell On Your Own
This method of selling has grown up in response to a desire to save money on agent commissions. The process is very similar to the above method of selling but it’s done by the homeowner themselves, and not by an agent.
The homeowner lists their house, shows it to prospective buyers, negotiates with the buyer, and closes the deal.
On average the timeline to sell a house on your own is the longest because of the limited exposure your property will have in front of a buyer pool. Local real estate professionals have the marketing tools, contacts, and experience to maximize the exposure of a property. However, if you are able to locate the right buyer yourself you will save yourself the commission you would have to pay a realtor.
Aside from the timeline, the process of selling your house on your own has many of the same disadvantages of selling a home with an agent. The homeowner will still be responsible for making repairs to the property and doing any improvements to get the property into top condition.
Home-Selling Method #3: Sell Direct To Home Buyer In Chicago
This method of selling is gaining popularity as homeowners look for a third way to sell. This process is very different – it’s also faster, easier, and doesn’t cost the homeowner anything (so it’s not surprising that this method is gaining popularity).
Rather than listing and showing the house or negotiating, the homeowner simply sells their house direct to a professional home buyers in Chicago with cash and who is ready to buy the house as-is right now.
It’s faster – the buyer has money and is ready to buy; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold; and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at Blue Ladder Development) usually pay closing costs and fees.