How to Sell your House by Yourself in Chicago: A Short Guide

Selling your house is something you’ll have to do maybe just a few times in your life.  And unless you know a local Chicago real estate agent who will sell your house for free or a hugely discounted commission… it can be a real pain in the rear and an expensive process for you as well.

So… you landed on this page about “How to sell your house by yourself in Chicago Illinois” because of a few reasons I’m guessing…

• You have no or very little equity in your house so you can’t afford to pay a real estate agents commissions
• You have equity but want to try to save money selling the house yourself before you resort to hiring an agent
• You’re in foreclosure (or heading that way) and just need to sell fast without incurring thousands in agent commissions
• You can’t wait the months and months it sometimes takes to sell a house in the Chicago area in this market so you want to try to sell it more quickly

Whatever one you land in… there are ways to sell your house yourself here in the local Chicago real estate market.

Since 2013, the housing sector has been experiencing a major recovery. Selling your house at this time will definitely be profitable if you do it right. In most cases, it is about using smart marketing strategies and being realistic about your expectations on what you want to achieve with this sale.

This article will provide some guidelines to help you sell your Chicago area house yourself.

How To Sell Your House By Yourself In Chicago Illinois – Let’s Dive In

Know The Chicago Real Estate Market Well 

The first and most important step is doing a market research on your neighborhood in the Chicago Illinois area. This step involves visiting various home marketing sites (Zillow, Eppraisal the Chase home value estimator, etc), calling a real estate agent or two to see what your home is worth, or reading about the various market pricing techniques.Proper homework on these issues will allow you to come up with a right price for your house and also helps you to avoid making certain selling mistakes.

If you don’t want to hassle with trying to come up with a home value yourself… give us a call at (708) 401-8647 and we’ll give you an honest fair valuation of what your house is worth on the retail market (if you’re going to wait the 3-6+ months to find the perfect retail buyer). And if you want to… we’ll make you a fair all-cash offer on your house to give you that option of selling quickly (we can close in as little as 7 days if you want to).

Assess the market

This step is almost similar to conducting market research, only that in this case, you are bound to your neighborhood and similar houses. Are there lots of houses for sale in your neighborhood here in Chicago? If so, what is the average that they are listing for?  Are there lots of foreclosures in your neighborhood? That may drag your house price down.

Assess the house

As a seller, your house should be in top condition or shape in order to sell at a good price. Identify certain unique characteristics about it and emphasize them during the marketing. For example, in a Chicago, a house with a drive way parking may be more attractive to buyers compared with one with a garage parking.

Also, does your house require repairs?  Does it need to be repainted inside or out?  How is the condition of the roof?  Is the landscaping in good shape? Is the house outdated at all? (you know, those popcorn ceilings ;-).  All of these things can make the house more attractive or less attractive depending on the buyer… which changes the price they’re willing to pay.

After all of this… come up with an asking price for your Chicago home that is fair… isn’t so high it’ll take you 12 months to sell the house… but is attractive so you get a frenzy of buyers who are ready to buy it quickly.

Use Photos or Videos

Chicago buyers are obsessed with media. Taking walk-through videos of the house and using the videos to advertise will enable you to reach a wider market. In fact, these videos are considered more transparent than taking photos.  However, this should not stop you from using the latter option since it is more affordable compared to the video.

So take some great pictures. Take a picture of every room in the house that helps show it off. Take a picture of the house from the outside in a few different angles… people want to see the house before they ever show up to see it. So having great pictures of your house online could be the difference between getting the right buyer quickly… and waiting months and months to sell.

Get Your House “Listed” On The Local Chicago MLS And Market It

You can find no or low fee real estate brokers these days who will charge you a few hundred bucks to put your house on the local Chicago MLS.  This gets your house in front of all of the real estate agents quickly (so be prepared to pay those “buyers” agents a 2-3% buyers broker fee if you plan to have their support in helping you find a buyer.

Place ads in the local newspaper, signs on the roads, and hold an open house.

All Of This Sound Like A Lot Of Work To Sell Your Chicago House Fast Yourself?

It can be.

And in the end, many Chicago house sellers think they’re saving money and time by marketing the house themselves… when in the end it costs them more money to go that route.

When you sell your own house here are some things you need to consider…

• If you’re not a good marketer or aren’t ready to spend a bunch of time marketing your house right… selling it yourself may not be your best bet
• If you don’t do a good job preparing the house and the marketing materials… and working with buyers to really build the value of your house in their minds… you may actually sell the house for 3-8% less than you may get for the same house an experienced person marketed the house for you
• Too many sellers never think about holding costs or opportunity costs… every month that your house doesn’t sell means another mortgage payment, tax payment, insurance, utilities, etc.  If your mortgage payment is $1,500/mo… and $1,300 of that is interest… if it takes you 7 months to sell your house… that cost you an extra $9,100 (not to mention taxes and insurance you paid during that time).  So, if you were able to sell that house more quickly… would it make sense for you to provide a buyer a discounted price today so you can close quickly and move on? Something to think about.

If you’d rather not put up the hassle of trying to sell your Chicago house yourself… and would rather just sell it quickly for a fair price without paying any commissions or fees…

… here at SellYourChicagoHomeFast.com we actually buy local Chicago Illinois houses.

We’d love to make you a fair, NO OBLIGATION and NO HASSLE cash offer on your house.

We can close quickly (in as little as 7 days if you wanted to)… which would save you thousands of dollars vs. trying to sell the house yourself and waiting for months.

Also, when we buy local Chicago houses we do all repairs that are needed (we pay for it ourselves) so you don’t have to worry about that.

If you want to see what we can pay for your house, give us a call today at (708) 401-8647 or just fill out the quick simple form through the link below.

Selling Your Chicago House Yourself? –
Get A Cash Offer From Us First Before You Waste
Time, Money, And Energy Selling It Yourself >>

How to sell your House Quickly in Chicago

Are you worried on how to sell your house quickly in Chicago without any hassle?

In this article I’ll dive into some ways you can start to look at to sell your local house more quickly.

There are lots of reasons people need to sell their house fast.

For instance, some of these reasons may include:

• need to relocate to another city because of a job change
• vacant property is being a burden on you
• divorce
• financial hardship
• you inherited a house that you don’t want to keep
• …among other reasons for needing to sell your house

So, if you’re looking to sell your local house fast (which who wants to sell their house slowly anyway?)… check out some of my tips below in this quick article.

Leverage The Web To Get The Word Out

Stats have shown that over 80% of house buyers go to the web first to research and find houses.

So if your house isn’t on the web… how are buyers going to find out about your house?

There are lots of ways to get your house online. You can list it on websites like Zillow, redfin,Craigslist… or even setup your own website for the property.

Then, take that property listing and get it everywhere online that you can. List it on all of the classifieds websites (again, Craigslist, Backpage, etc.).

Total Cost: FREE – Cheap (most routes are free, but some of these sites have paid versions)

Use Facebook To Spread The Word About Your Chicago House For Sale

One of the best ways to sell a house is through word of mouth.

Tell all of your friends and family that you’re selling… and have them tell everyone they know.

Also, hop on your Facebook account and share the property listing with your friends and ask them to spread the word for you to all of their friends who may be interested. What you need to do is simply send your link to your Facebook friends.

There may be a person in dire need of a house. Besides, you may also get a friend who may link you up with a buyer. The importance of using Facebook over other social networks is that it is free and you only need to be connected to the internet in your computer.

Total Cost:  FREE

Use of Local Dailies (Newspapers, Magazines, etc.)

One of the things we’ll do whenever we need to sell a house fast is also get our property in the local newspaper. It gets your house in front of lots of people… and one place lots of buyers look for houses is in the “homes for sale” section of the paper.  Put your phone number… a link to your online listing if you have one… a picture (ads with pictures get many many more responses than ads without the picture of the house).

Add in a few of the best parts about your house… the price… and end with a clear call to action on how they can setup a time to come check your house out.

Total Cost: Under $100

Get Your House On The Local Chicago Illinois MLS

The number one place buyers look for a house is the “multiple listing service”. That’s the fancy name for where houses go when real estate agents “list” a house.

A listing for your house will go into a central database that all local Chicago real estate agents in our area will have access to… so they can bring their buyers to the houses on the MLS that fit what they’re looking for.

You can get your house on the MLS without hiring a real estate agent to sell your house.  Some agents will let you pay a few hundred bucks to just list your house on the MLS for you and take no commission on the sale.

Sell Your House To A Reputable Local Property Buyer Like SellYourChicagoHomeFast.com

Last, as another option to sell your house… if you really need to sell your Chicago.

We buy houses in and around Chicago Illinois, and can close quickly.

If you want to sell your house and are curious on how the process works… and want to see what we can pay you for your house… you can get that ball rolling in a couple ways.

1. Give us a call today at (708) 401-8647: We’ll ask a few basic questions about your house… and within 24 hours we’ll make you an offer on your house. No Obligation at all. If the price works for you. Great! We can close on your timeline… in as little as 7 days.
2. Go fill out this really short and simple form with your basic house info: We’ll evaluate the property as soon as we get it today… then we’ll call you with a formal offer on your house in less than 24 hours.

It’s really simple.  You pay no fees. No commissions.

We just agree on a price that works for both of us and that’s it.

Let us make you an offer on your Chicago area house (we buy in other parts of Illinois as well). You don’t have anything to lose.  And you can have your house sold by this time next week (if you wanted us to close that fast) rather than having to wait months and months to market your house yourself the traditional way.

How to Avoid Foreclosure in Chicago

While the housing market is rebounding, many people in Chicago] are still struggling to make their mortgage payments.

If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose.

Thankfully, there are a number of things that you can do to avoid foreclosure in Chicago. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home.

So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Chicago with your home.

The Keys of How To Avoid Foreclosure in Chicago Don’t Abandon Ship

Many people simply give up and walk away from their home. There are even areas of Chicago have begun to resemble ghost towns, as the economy has impacted residents significantly.

Detroit is a prime example of what can happen when people abandon their homes.

This can be stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.

While it’s extremely stressful, you do have options:

• Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Chicago are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification.

• Ask for help from Uncle Sam. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.

We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Chicago are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.

We may be able to help you avoid foreclosure… connect with us today and lets discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you.

Give us a call anytime at (708) 401-8647 or
fill out the form on this website today! >>

How to stay in my home after foreclosure in Chicago

A recent study estimates that 47% of foreclosed properties are still occupied.

When you first see that stat you may be surprised… but we’re not.

What most people don’t realize is that banks aren’t in the business to own homes.

They are in the business to loan people money. But when they have to foreclose on a house… the bank is forced to own the home until they’re able to sell it to get all or most of their money back.

But, what they had found is that when a Chicago foreclosed house goes vacant… there is a much greater chance that the house will fall into disrepair.  Often times the bank would rather have you in the property even after you stop paying your payments and the foreclosure is started because it wards of vandals and keeps the house in good working order.

There’s been a lot of talk in the media about people living for free after foreclosure – and even many stories about banks “abandoning” properties.

In those stories, people are avoiding house payments for months, even years.

Man, that sounds great! Let’s all live for free. (wink)

Wait… it can’t be that simple, right?

Right.

No bank would purposely neglect collecting payments. The only way that you get to live without making any payments is when some major mistakes were made.

But you might get lucky! It’s possible, and it’s happened before. However, it’s not exactly legal to avoid payments that you owe, and it can get you in serious trouble.

So why are so many foreclosed homes occupied? It’s important to remember that no one wants the house to be vacant. Vacant homes are targets for vandalism and crime.

Staying in the property can help the bank maintain the value of their investment, so it’s actually in their best interests to keep it occupied. Partly because of the ways that the foreclosure laws are structured in Illinois, banks may ask you to leave while wanting you to stay.

There are a few perfectly legal ways to remain in your home, even after foreclosure.

How To Stay In My Home After Foreclosure In Chicago

Not all these options are available (depending on your situation and your lenders), and you’ll need some expert advice along the way to help you get through.

1) Wait it out. Honestly, this is a pretty bad option, but it seems to be increasingly common. You definitely shouldn’t run away and abandon your house when the first notice of default shows up. Remember that the proceedings and the process takes months and sometimes years. It’s not over until it’s over, so don’t give up too early. On the other hand, don’t wait until the sheriff shows up to evict you to start packing up your stuff.

2) Go to court. In very rare cases, judges are granting stays and delaying evictions. This is really only a valid option if you (and your attorneys) can prove that the bank has neglected a legal requirement during the foreclosure process. During the past few years, a lot of fraudulent behavior at banks has been uncovered – so we may see an increasing trend of using the courts to stop foreclosure. Fighting banks with lawyers is very difficult, expensive and time-consuming, even if you’ve got a perfect case (most people don’t stand a chance).

3) Propose a move-out bonus. Often buyers of occupied foreclosure properties spend thousands of dollars on lawyers and other costs of eviction, so why not save everyone the time and expense by taking some of that money yourself? It’s known as “cash for keys”. It sounds a little greedy, but greasing the wheels does help everything to run smooth. Plus, you can help out the bank and the buyers by not abandoning the house to squatters before they’re ready to take possession.

4) Rent it back. It may sound crazy, but some banks are willing to take on previous homeowners as tenants in their property. That’s only a short-term fix, as they’ll want your agreement to vacate the premises as soon as they find someone to purchase the property. In some cases, we can even purchase the property and rent it back to you.

It’s really good that you’re reading this page and exploring your options. We help homeowners like you to find creative solutions.

We can’t help everyone, but we might be able to help you.

We buy local Chicago Illinois houses like yours from people who need to sell fast.s

Give us a call anytime at (708) 401-8647 or

fill out the form on this website today! >>

What happens when you inherit a house in Illinois?

Inheriting a house is one of the few big surprises that life brings us sometimes. But what happens when you inherit a house in Illinois? As much as you may want to keep an inherited house, sometimes you may be forced to consider putting it up for sale. Well, selling an inherited house can be a demanding task, but definitely not impossible! With the right information and assistance from SellYourChicagoHomeFast.com, you should have no problems selling your inherited house. So where does the difficulty come from selling an inherited house in Illinois?

Exactly what happens when you inherit a house in Illinois?There are a number of factors that should be taken into consideration when planning to sell an inherited house in Illinois. Some of these factors include…

• Dealing with the emotional aspect of selling a loved one’s home
• The financial cost of making the necessary updates intended to attract buyers
• Dealing with potential costly liens and other hidden challenges

First thing, get ready for a rollercoaster of emotions

Selling a loved one’s house can be such an emotionally draining activity… This really cannot be stressed enough. The activity may involve removing his or her stuff, depersonalizing everything even more.

When our emotions get carried away, we often don’t make the best business decisions. Times like that are when you need people with experience buying and selling probate homes in Illinois to help walk you calmly through the whole process.

Negotiating and managing the selling process

And other times, one might have to deal with expensive liens or other problems that don’t become apparent right away. Regarding these things, disagreements among your siblings might arise about the selling price of the house.

Apart from that, you will have to meet the financial cost needed for making the required updates to make potential buyers aware of and (hopefully) interested in your inherited house. There are also legal and taxation aspects of the sale that you must understand to make the sale successful.

These are the major problems that potential inherited house sellers have to deal with. Unless you are a professional in this area, the process can be tiring and daunting.

Now you know what happens when you inherit a house in Illinois. This explains why you need to seek the help of real estate professionals who have had experience helping people sell their inherited houses. If you are considering selling your Illinois inherited house now or in the next few days or months, then you are better off speaking to one of our real estate experts. He or she will come in handy extremely to help make the process as simplified as possible. Give SellYourChicagoHomeFast.com a call now at (708) 401-8647.

As a matter of fact, some of our real estate investors will be more than willing to buy your house if it meets their expectations.

We’ll Buy Your Inherited House In 7 Days Or Less:
Fill out the short form OVER HERE to see if your house qualifies.

Who can buy my home with cash in Chicago Illinois?

Selling a home in this tough economy is no walk in the park. If you are facing a foreclosure, then chances are you are grappling with the question, “who can buy my home with cash in Chicago?” Well, fret not! There are several options that you can explore when putting your home up for fast sale.

Here are three most common options worth considering; however, if you need to sell your home fast for quick cash, then be sure to call SellYourChicagoHomeFast.com first at (708) 401-8647. We have cash in the bank, and are able to buy any home, anywhere in Chicago Illinois.

#1 Sell your home fast for cash to a local Investor
If you are determined to find a quick buyer, a local Chicago home buying company such as us here at SellYourChicagoHomeFast.com is one option for you. We buy houses in Chicago and surrounding areas in Illinois when sellers need to sell fast.  If you’re looking to get the full market retail value on your home… and you have time to wait for it to sell (3-6 months) look at option number two. But if you need to sell your house fast and are willing to sell it less than the full retail value that you may be able to get by listing it w/ an agent and waiting until it’s sold… we’d like to make you a fast-fair offer on your house today... or call us directly at (708) 401-8647. 

#2 Sell your home fast for cash with a Real Estate Agent
If you have a bit more time and can wait for the right retail buyer to come along, and you can pay the 3-6% in real estate agent commissions on the sale… listing your local Chicago Illinois house with a real estate agent is a great option.

A real estate agent is one option for getting your property across to cash house buyers… It is possible to sell your house quickly for cash through a real estate agent.

However, this begins by finding the right agent. Start by asking at least five local Chicago agents to assess your home and show you some comparable homes that they have recently sold for cash. The agent you settle for should list your home in as many property websites as possible in order to broaden the market reach and of course put it on the local Chicago area MLS (multiple listing service).

It is also important that they advertise your home in the local publications buyers tend to look at (newspapers, etc.). To help speed up the process, consider offering the agent an attractive incentive if they manage to sell the house within a specified time frame. With this option you will of course pay the real estate agent commissions… so be prepared to figure that into your overall costs.

#3 Sell your home fast for cash with a FSBO Listing
According to experts, 90 percent of all property searches now begin online… and if you have time to wait to get your house sold… and the time to show potential buyers your house as they come calling… selling your Chicago house “For Sale By Owner” may be a good fit.

There are tons of web based real estate agents that you can approach to list your home on their websites and some agents will let you purchase a listing on the MLS for $300-$500+. . Additionally, you can list your home on websites like Craigslist as well as online property directories in your area. To attract potential buyers, be sure to accompany your listing with clear photos of your home.

So, who can buy my home with cash in Chicago?If you are grappling with this question, you need to realize that it is possible to sell a home fast for cash… the main thing you need to decide right now is how fast you need to sell your Chicago house.  If you have 3-6 months and can pay the real estate agent fees… list your house with an agent.

But if you don’t have enough room in the house sale to pay an agents commissions… or you can’t wait the time it may take to sell your house at full retail… chatting with a reputable local real estate buyer like SellYourChicagoHomeFast.com may be a great option to explore. All you have to do is know your options when it comes to selling property for cash. Click here to learn more home for cash selling tips. Better still, fill the web form below for a fast fair all cash offer for your home.

Fill out this form to get your fast-fair cash offer for your Chicago house.

Why Won’t My Chicago Illinois House Sell?

So you’re trying to sell a house in Chicago, Illinois that just won’t sell?

And yet – the news says the real estate market is heating up and properties are selling… right?

The media is practically shouting again about multiple offers, high demand, and record-setting prices.

So where’s your contract?

If you’re asking “Why won’t my Chicago, Illinois house sell?”… these tips below will help you get it sold a bit more quickly.

These tips could be just what you need to help you move your property.

1. Get good help. Just like before, there are novice agents and investors rushing into the market trumpeting that they know what they’re doing. But many agents and investors simply can’t deliver on the results they promise. Only work with people who have testimonials from happy homeowners they’ve helped reach their goals… and who can offer you some sort of a guarantee with their service. Part of what we offer as a local investor is we’ll give you an honest, fair, and fast all-cash offer that we’ll GUARANTEE can close within 14 days or less.
2. Don’t make too many improvements. Too often we see over-improved properties – those where the owners have gone too far. Even with the best of intentions, exceptional craftsmanship and true artistic talent, it’s incredibly challenging to exceed what the market is paying. Plus, most buyers want to add their own custom touches. Get rid of all the clutter and think “neutral”. In addition to that, you DON’T NEED TO do improvements if you sell to our company. We’ll buy the property as-is so you won’t have to worry about doing improvements or repairs. We’ll take them on on our dime. 
3. Do make necessary improvements. If you plan to sell your house through a real estate agent or “for sale by owner”… to sell it for the best price and quickly you’ll need to make repairs and improvements to be attractive in the marketplace. Unfixed stuff scares buyers. Show that you’ve been a responsible property owner and get all the little details fixed. Don’t leave gaps in the trim or plates off of the switches. Get it inspected by a professional home inspector, and show off the healthy home report. This goes a long way towards establishing confidence that they’re making a good purchase. But again, if you don’t have time or the budget to do these improvements, selling to a reputable local Chicago investor may be a great option for you.
4. Style and design matters. Curb appeal when selling “retail” (to a person who plans to live in the house) is as important as the inside – so don’t neglect one part of the property to improve the other. Give buyers a cohesive impression of great style. Paint the walls, update the landscaping, and most of all – keep it immaculately clean. Consider hiring a professional designer to help tastefully stage the property. (NOTE: Same as above, if you’d rather avoid thinking about the details, cleanliness, or design… we can help. We buy ugly houses in Chicago as much as we buy pretty houses. So let us make you an offer 
5. Pricing matters a lot. If you’re getting a lot of showings but not a lot of offers, you might not be too far off in price. If your best efforts to advertise your property aren’t making the phone ring, you’re probably overpriced. If you’re curious about the value of your house in today’s market, and what we can pay for your house today… don’t hesitate to connect w/ us by calling (708) 401-8647 or submit your info through the form on this page here.
6. Every property will sell if it is priced and marketed well.

Really there’s no magic formula. There are several options for Birmingham, Alabama homeowners who need to sell your Chicago house fast. If you are looking for top dollar, can wait for the right buyer, and have the time and budget to make improvements to your house… go that route and look for a great agent to help you market it better.

If you don’t have the money or time in the budget for improvements, don’t want to pay real estate agent fees, and need to sell really fast… talk to us. We can help.

(Let us make you a fair offer here >> )

I Inherited a House, What To Do? – Should I rent or sell in Chicago?

First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?

Tons of options open for you, but…

… we can help.

We’re seasoned investors in Chicago real estate, and we’re looking to buy several houses each month in the Chicago Illinois area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here’s a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.

4) Selling a property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy Chicago houses for cash, as-is.

5) If the market will continue to grow faster than your other options, hang on to the investment.

We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action.

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.

7) Consider all your options.

In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Chicago investment experience can help you win.

8) Compare a few scenarios.

We’ll help you determine prices for any property near Chicago – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).

Just call us today at (708) 401-8647 or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!