People who allow the discomfort of unfamiliarity to keep them from exploring all opportunities available in any circumstance do themselves a great disservice. It just may be that the problems you face with selling your house won’t cost you anything after all. So don’t let your fear of the unknown or misinformation about selling your home through a direct sale keep you from what may be the best option for your circumstances.
Educating yourself about the way direct home sales work can alleviate your concerns. Once you understand the conveniences of selling directly, you too may be relieved to learn you have found the best option to sell your home in Chicago. Direct sales are the perfect solution for many homeowners in a situation that doesn’t fit the typical mold of a standard real estate listing—understanding how direct sales work can help you decide for yourself.
We’ll explore just five of the reasons why you should choose a direct sale vs. a standard Chicago real estate listing.
Let’s face it, the reason most homeowners consider other options to standard Chicago listings with an agent is trying to save the commission for themselves. With average home values hovering near $300,000, this equates to an average commission of 6%, around $18,000, coming off the top at the closing table in commissions alone. By choosing instead to make a direct sale, you can work with professionals who make it an easy process to sell your home without having to pay any outrageous commissions. Direct buyers don’t play games with hidden fees. Instead, direct buyers like those at BAM Home Buyers want you to compare options, so they’ll detail how much you would make if you were to list your home, breaking down all of the expenses so that you can take the best course of action.
Standard Chicago listings mean it’s time to clean up and freshen up every square inch of your home. If your appliances are dated, consider replacements. Consider updating decor or wallpaper that is outdated. At the very least, a fresh coat of paint is in order inside and outside your home. And don’t forget curb appeal. It’s essential to present a great first impression, so get your landscaping under control. Choosing a direct sale of your home to buyers like those at BAM Home Buyers means you never have to worry about the inconveniences of showings. Direct buyers have a team on hand that can clean up anything you want to leave behind.
While standard Chicago listings help homeowners sell at total market value, the bottom line isn’t always a pretty picture when tallying the actual listing expenses. Regarding funding, the delays associated with traditional home mortgage loans and underwriters can push closings back, only to find out that your buyers don’t qualify and you’ve wasted weeks, which likely means your final sales price will be lower. Choosing a direct sale of your Chicago home means your troubles will be over within days because of the power of cash. So, you won’t need to worry about a direct buyer backing out of the deal because their financing fell through. Any concerns about time fly out the window when you work with a direct buyer like those at BAM Home Buyers; cash means no approval necessary.
Standard Chicago listings entail holding costs, the amount you spend to own the property once it is listed. These include the mortgage, any HOA fees, taxes and insurance, monthly utilities, expenses associated with maintaining the home, and any repairs that may become necessary during the listing. Holding costs go out the window by choosing a direct sale to buyers like BAM Home Buyers. Your closing date can be in a matter of days or delayed until the date that better suits your plans if your next home isn’t quite ready.
Standard Chicago listings often cause concern over the possibility of unknown issues discovered during the inspection. These can throw quite expensive wrenches into the very best of deals if there are visibly damaged areas, such as stains on ceilings from water damage. Be sure all repairs are complete, or you’ll be taking deep discounts off your price at the negotiating table. Choosing a direct sale of your home means you save money; you can forget about passing the inspection and making repairs. Because direct buyers like those at BAM Home Buyers have the power of an entire team of real estate industry pros behind them, they can quickly inspect your property and make you a detailed and fair offer for your home as it is.
At BAM Home Buyers, we understand through experience how important it is to take the time to listen, and our goal is to help alleviate all of your concerns. Contact BAM Home Buyers at (847) 802-8999 to learn more about how we can help you.