Selling a house can be a daunting task, especially if you need to sell it quickly. Whether you’re facing financial difficulties, moving for a job, or simply wanting to offload an unwanted property, there are several strategies you can use to ensure a fast sale in Chicago.
To sell an unwanted house, you can do it by listing it on the MLS with a real estate agent, selling it for cash to companies that promote themselves as “We Buy Houses for Cash” or listing it yourself with a company like FSBO, for example.
Here’s a comprehensive guide on how to sell your house quickly in the Windy City.
4 Ways Property People LLC Makes it Simple To Sell Your Unwanted House
Selling an unwanted house can be a challenging and time-consuming process, especially if you’re trying to sell it through traditional methods. Hiring an agent, making repairs, dealing with showings, and finding the right buyer can take a long time.
1. List on MLS
The Multiple Listing Service (MLS) is a powerful tool to sell an unwanted house for a good price. Homes listed on the MLS sell 17.5% faster and for more money compared to off-market properties. In Chicago, you can use a Flat Fee MLS listing service for around $399, which gets your property listed on the platform within 24 hours. This exposure often leads to all-cash offers and a smoother sales process without the burden of high agent commissions.
2. Sell to a “We Buy Houses for Cash” Company
If you need to sell an unwanted house very quickly, selling to a “We Buy Houses for Cash” company like Property People is an excellent option. We provide instant cash offers and can typically close in as little as 14-21 days. This method allows you to sell your house “as is,” potentially saving you thousands in repair costs.
Disclosure: It’s important to note that these offers are not ‘retail, full price’ offers. Companies like us typically offer between 30% to 70% of the market value of your home.
3. List With a Realtor
Realtors have the expertise and resources to sell your property effectively. They handle everything from showings and negotiations to paperwork and closing. While this method is efficient, it comes at a cost. Realtors charge a commission of 5% to 6% of the home sale price. Despite the high commission, listing with a Realtor can be beneficial if you want professional assistance to maximize your sale price and navigate the negotiation process.
4. Sell For Sale By Owner (FSBO)
Selling unwanted houses through FSBO websites in Illinois can save you on commission fees. However, this method requires you to handle everything from market research and advertising to creating an FSBO contract. Additionally, without MLS exposure, it may take longer to sell your home. FSBO can be a viable option if you are willing to put in the time and effort to manage the sale yourself.
Tips to Sell Your House Faster in Chicago
Here are some additional tips to help you sell an unwanted house quickly:
- Pick the Right Time to Sell: Selling in a seller’s market can help you close faster and at a higher price. Typically, early Spring and Summer are the best times to list your property for a quicker sale.
- Hire a Professional Home Stager: Staging your home can make it more appealing to buyers, potentially fetching 1% to 5% more than the asking price.
- Improve Curb Appeal: Enhancing the exterior of your home can attract more buyers and increase its value.
- Offer to Pay Repair Costs: Handling minor repairs before listing can save time in negotiations.
- Offer Seller Credit: Offering to cover some of the buyer’s closing costs can incentivize a quicker sale.
Offer Flexible Move-in and Move-out Dates: Being flexible with move-out dates can make your property more appealing to buyers who need to move in quickly.
What to Avoid When Selling Your House Fast in Chicago?
Avoid methods like short sales and auctions if you need to sell your house quickly. A short sale can take up to six months to close, while auctions offer less control over the sale price and can take longer due to a lack of MLS exposure.
The quickest method to sell your home at its full price is by listing it on the MLS in Illinois, offering extensive visibility and attracting multiple offers. This approach allows you to finalize the sale according to your preferences, whether opting for a swift transaction or waiting for more favorable offers.
With these strategies and tips, you can sell your unwanted house in Chicago quickly and efficiently. For a hassle-free and swift transaction, however, consider working with a company that buys houses for cash. As an Illinois licensed Realtor, we can help, no matter your route.
Stress-Free Home Selling with Property People LLC
Property People LLC provides a seamless and hassle-free home selling experience by meticulously analyzing all data related to your property, including its condition, location, and local market trends, to offer a fair and accurate price. We do not charge any commissions or hidden fees, saving you money and time. As local real estate experts in Chicago, we offer tailored solutions to meet your needs. If you’re looking to sell an unwanted house in Chicago, Property People LLC is here to help.