Companies that buy homes have been around for years. They created their niche-buying services to help people get out of tough situations, including pre-foreclosures, liens and even upside-down mortgages. However, most of these outfits also upgrade homes and sell them for higher profits. Whatever the case, it pays to use an experienced Chicago homebuyer company. Here’s why.
Fast Sale
Experienced homebuyers in Chicago will usually make offers on properties a day or two after seeing them. The actual sale typically transpires anywhere from one to three weeks later. This gives the buying company time to get the paperwork ready and schedule its lawyer for the closing. Sellers are also encouraged to invite their lawyers to protect their interests.
Cash Transaction
Most established homebuyers in Chicago will pay cash for people’s residences. The amount people receive for their houses will be less than market value. However, this is typically how cash deals work.
No Closing Costs
The top homebuyers in Chicago will always pay closing costs. Therefore, it a person is selling a $200,000 home and closing costs in the area are 4%, he or she would save $8,000 on the deal.
With a legitimate homebuyer in Chicago, the seller won’t have to wait until the buyer gets financed. That’s because these buying companies don’t need loans because they have plenty of money to buy properties.
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