5 Top Questions We Receive About Selling Properties Directly in Chicago

Selling properties in Chicago can take quite a bit of work, depending on your situation.  As a property owner, you want to get the best value for your property while also ensuring a smooth and hassle-free transaction. One way to achieve this is by selling your property directly to a buyer, cutting out the middleperson and the associated fees. While working with a Chicago real estate agent can be great in some situations, for others, selling directly can be the better choice. 

At Property People, we specialize in buying properties directly from owners in Chicago. Over the years, we have received numerous questions about the process from property owners who are interested in selling their properties directly. In this blog post, we will answer 5 of the top questions we receive about selling properties directly in Chicago.

1. What are the benefits of selling my property directly?

Selling your property directly to a buyer has several benefits. First, it eliminates the need for a real estate agent, saving you on fees and commissions. This also means minimizing walkthroughs, and at times avoiding (every case differs) an appraisal and home inspection altogether. Secondly, it can speed up the selling process because there’s no need to wait for an ‘end-buyer’. Thirdly, it gives you more control over the transaction and allows you to negotiate directly with the buyer.

2. How will I know if my property is suitable for direct sale?

Most properties are suitable for direct sale. However, it is important to note that the value of your property will depend on several factors, such as its location, condition, and market demand. Additionally–certain extenuating circumstances that you might be undergoing–such as being behind on taxes or mortgage payments, or having just inherited a home from a family member that may require going through probate, for example–can affect the ease with which your property may be purchased directly, as well ad the timeline. At Property People, we buy properties in any condition or location around the city of Chicago. So even if your property needs repairs or is located in a less desirable area, we may still be interested in buying it.

3. How do I come up with a ‘true’ value for my property?

The value of your property will depend on several factors, such as its location, condition, and market demand. One way to determine the value of your property is to get a professional appraisal. Alternatively, you can research similar properties in your area that have recently sold to get an idea of the market value. Keep in mind during your research–look at the photos in the listings in order to get a clearer idea of how your property compares to what has recently sold. Third party websites like Zillow, Redfin, and Realtor.com do not take into account the condition of the properties, or whether there have been recent updates, upgrades, or repairs. At Property People, we offer free property valuations to property owners interested in selling their properties directly.

4. Can you describe the selling process?

The selling process when selling directly is typically much simpler and faster than when using a real estate agent. At Property People, we follow a simple 4-step process:

  • Step 1: Contact us and provide us with detailed information about your property (this can be done over the phone or via email).
  • Step 2: We will schedule a property viewing and make you an offer.
  • Step 3: If you accept our offer, we will draw up the necessary paperwork and schedule a closing date.
  • Step 4: On the closing date, we will complete the transaction and pay you the agreed-upon amount.

5. How long is the process to sell my property directly?

The length of the selling process will depend on several factors, such as the condition of your property and the complexity of the transaction. At Property People, we strive to make the process as fast and hassle-free as possible. In most cases, we can complete the transaction within a few weeks.

SUMMARY: Selling your property directly in Chicago can be a smart and hassle-free way to get the best value for your property. At Property People, we specialize in buying properties directly from owners and can help you achieve a smooth transaction. The goal for everyone involved is peace of mind. And above all else, we’re here to be a resource for you, to help in any way possible. If you have any questions about selling your property directly, feel free to contact us today. We would love the opportunity to make you a straightforward, zero-obligation offer for your house in Chicago.

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