Are you looking for a way to sell your house right now in Chicago? In this post, we will provide you with all the information you need so you can sell your house fast!
With the ripples in the economy and so much uncertainty for the future, many people are thinking about selling their homes. However, when you work with a real estate agent in Chicago, the process can take a long time. Ultimately, the longer it takes for you to sell your house, the more it is costing you. Below we offer some tips to sell faster and what you can do instead of listing your house in the traditional manner. As always, if you have any questions about the market or your property, feel free to reach out!
Work With An Investor
Working with an investor is the fastest and most convenient way to sell a house in Chicago. That said, not all investors are the same. When working with an investor to sell your house in Chicago, you’ll need to work with someone who is experienced, fair, and has a genuine desire to help you with your situation. At BAM Home Buyers, we will make you a no-obligation offer for your house in Chicago. If you decide to sell to us, we can close in only a matter of days. By working with an investor, you will be able to sell your house almost immediately, without any cost to you.
Price It Low
If you decide you want to put your house up on the open market and you need to sell if fast, you’ll need to price it to sell. This means going lower than what other comparable houses are listed for. While this strategy can help you sell fast, you do have to factor in your other selling costs in addition to the deep discount you are offering on your asking price. If you price your house to sell fast and you are working with an agent, you will have a number of other costs to contend with as well. Between commissions, closing costs, marketing expenses, and the continued holding costs, you may be out more money than you think. Before pricing your house low, run the numbers to make sure it makes sense for you. Working with a direct buyer will typically net less than retail, however, you won’t have to worry about any of those additional costs.
Fix It Up
It may seem counter-intuitive to spend money on a house you want to sell, but by fixing it up, you will likely be able to attract more potential buyers. That said, investing in an unwanted house can be risky as there is no guarantee you will see a return. Try to avoid any large projects that will consume your time and money. Instead, focus on smaller, more cost-effective improvements that will have a big impact. Changing out hardware, adding some plants, and a fresh coat of paint can all work wonders for attracting people to your house.
Amp Up Your Marketing
With the economic shift happening, some experts believe that there will be a lot of people needing to sell their houses in Chicago. If you are trying to sell in the traditional way, you’ll need to amp up your marketing to help your house stand out from the competition. You can host interesting open houses, create a one of a kind virtual tour, or advertise in places where your competition isn’t. You should also enlist the help of a professional photographer and staging company to help showcase your property in its best light. When stepping up your marketing game, make sure that the costs are justified. You don’t want to spend a fortune marketing the property with little to no result. Photography, virtual tours, and open house costs can quickly add up, make sure your efforts are worth it!
Utilize A Short-Sale
While this method isn’t always ideal for home sellers in Chicago it can get you out of a tough situation rather quickly. With a short sale, the homeowner works with their lender to determine an agreed-upon price for the sale that is less than what you owe. Only certain homeowners are eligible for a short sale. To qualify, you will need to be able to show your financial hardships. The process can take a while, so be prepared to wait around for a while for the process to be completed and isn’t always the best option when you need to sell your house fast in Chicago.
Selling a house in Chicago can feel overwhelming, especially with everything happening in the world right now. Working with BAM Home Buyers will give you the power to sell your house fast, without any costs, hassles, or waiting.