We Buy Houses in Chicago
Explore our Selling Options
Selling your home in a cash sale to a local investor has several advantages. First, it typically ensures a faster closing process; our team is ready to complete purchases without the delays of mortgage approvals and bank financing. This can be particularly beneficial if you're looking for a quick sale.
Moreover, cash sales often involve fewer complications and contingencies, reducing the likelihood of last-minute fall-throughs. This can provide you with greater certainty and peace of mind. Additionally, a cash sale saves you from the hassle of making costly repairs or upgrades, as we always buy properties 'as-is.' Learn more about how we buy houses in Chicago.
1. Cash offer
Our team can help with payment relief assistance by purchasing your property subject to the existing mortgage.
A homeowner, who wants to sell their home, may find this option appealing if they can no longer make mortgage payments or if they need to move quickly. Opting for a "subject to" sale offers a practical solution. It allows you to transfer the mortgage payment responsibilities directly to us, rather than settling the entire mortgage balance at the time of sale.
This approach not only alleviates the immediate financial pressure but also assists in safeguarding your credit score from potential harm due to missed payments. In some cases, it can even save a homeowner from declaring bankruptcy.
2. Payment relief
In an owner-financed sale, you, as the homeowner, take on the role of the lender. We will purchase your home through a financing agreement directly with you, bypassing traditional bank mortgages. This means you can create a flexible payment plan that works for both parties and offers you the potential for a steady income stream through the payments you receive.
Best of all, selling your property through owner financing can offer significant tax benefits. By receiving payments over time, you are able to spread out your capital gains tax liability, rather than facing a large tax bill in a single year.
3. Owner financing
4. List with a realtor
If you’re looking for a traditional home sale, our team has licensed Realtors available to help you through the process. Listing your home on the MLS (Multiple Listing Service) can significantly enhance your property’s visibility and reach, attracting a broader pool of potential buyers.
However, there are downsides to listing on the market. The process can be lengthy, with your home potentially waiting on the market for an extended period before finding the right buyer. There is also the risk of deals falling through due to various contingencies, such as appraisal and loan contingencies, which can cause delays or even lead to the sale falling apart.
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