I Need to Sell My House in Chicago, What Should I Do?

“I need to sell my house Chicago! Help!”

Happens all the time. People have situations and they say “I need to sell my house in Chicago NOW!”

There are so many reasons a home owner may be looking to sell now. Job relocation, family movement, avoid foreclosure, or property downsizing are all normal factors when considering to sell. With 2018’s healthy housing market and continuing recession repair, capitalizing on a seller’s market is an intelligent, financially solid decision many homeowners are deciding. But many sellers wonder where to begin. How do I let go of my property when I need to sell my house fast?

stressed because i need to sell my house

When you’re considering ‘I need to sell my house fast’, Chicago homeowners may believe jumping in immediately will save them time and money. If selling as soon as possible is top of the list , knowing the typical selling process and the few considerations involved will be good information that will shorten your property’s time on the market. Before starting the selling process, homeowners should think about these simple steps to be sure their home is sold as quickly and efficiently as it can.

How Much Do You Owe?

Knowing and understanding as much about your property as possible is a smart place to start your selling process. How much square feet does the property have? How aged is the property and has it went up in value during the time you’ve owned it? Does your house have any expensive repairs or damaged updates needed that might hold up a sell? The solutions to these and many other questions will not only help you sell your home to interested buyers but also give you an estimation on how much to price it.

One of the most important questions homeowners must begin with, however, is about how much mortgage they owe. How much cash is left on your loan? Unless you’re keeping paper copies of your monthly mortgage bill – a highly recommended behavior for anyone with years of mortgage payment plans – you might not be able to remember the exact figure right away. Thankfully, homeowners can solve this issue rather quickly.

Figuring the principal amount owed on a home payment loan is easy. A call to your mortgage lender can give you all types of information: last payment amount, interest rates, payment plan, and even the exact payoff amount. Why is this information so important to homeowners wanting to sell? Unless a homeowner is held with an underwater mortgage, realizing how much you owe means understanding how much you’ll potentially net from selling your home. Homeowners can make a nice buck if they sell their property for more than what is owed. The monetary gains earned from the sale can be taxed, depending on your state and the situation, but most homeowners get, at minimum, a few thousand dollars at closing. This can help pay off commissions, selling fees, or used as a down payment for a new property. The more a homeowner understands about their mortgage, the better they’ll be when starting the selling process.

A Little Research About Your House Goes a Long Way

i need to sell my house research

Taking the time to research your property is a huge step when looking to sell your home in Chicago, IL. If a homeowner doesn’t know what similar houses are selling for, how long they’re normally on the market, and if those homes are in better or worse condition, homeowners looking to sell are at a serious disadvantage.

Put in the effort and do some quick research for a fair home estimate. Most homeowners don’t know what their property is actually worth without requiring the aid of a professional. Whether it’s an appraisal or using the aid of an inspection, homeowners can be clueless to the value of their house. Without hiring professionals that require tremendous fees, an hour online can provide a safe estimate on your house.

What are the best sources to use when I need to sell my house? Third party real estate sites can offer property information in a particular region without calling in the professionals. Using sites like Zillow and Trulia, homeowners can compare their home to others on the market that have similar updates. Knowing what comparable homes in the same condition sold for is essential when setting a selling price. These sites also give data on homes. This data can show amount of time a particular property took to sell. While needing to sell fast, knowing a home’s time period on the market is essential.

Sell your house with a Realtor

i need to sell my house with an agent

After gathering all the information you can about your property, it’s time to sell. Many homeowners are believe that hiring a real estate agent to sell their property is the smartest decision for their situation. But selling with an agent can leave you in the housing market limbo for months at a time. If I need to sell my house right now, I’ll avoid real estate companies and travel the For Sale By Owner (FSBO) route.

Selling with an agent can be an option for some people. Agents typically pay for your home’s advertising, preparation for open houses, and finding potential buyers. But these perks come at a high price some homeowners aren’t interested paying. Keeping your home in tip top condition is one responsibility sellers must take on when using an agent to sell their property. Unless your family is palace like and your property is already in showroom condition, sprucing up a property to meet a realtor’s expectations can be both time consuming and costly.

Real estate agents aren’t cheap either. Although they offer services, some busy homeowners may be thinking “but I need to sell my house now”, and, nowadays, most property owners can do what an agent does at a fraction of the price. Listing your home on sites or in the paper can work just as well as paying a premium for an agent. Homeowners can also control their own open houses to bring buyers. Setting your home and writing information via homemade brochures require little time or cost. If you find yourself thinking “I need to sell my house quickly, forego the hired help and do it yourself.

Sell your house without using a realtor

i need to sell my house fast

When I need to sell my house as quickly as possible, I search for cash buyers. Not only do they offer fair prices on properties, home buyers provide the shortest timeline when selling. Forget three months on the housing market; how about seven days? If you’re looking for a reliable cash buyer company with years of experience, consider how We Buy Houses Fast in the Chicago area.

Avoid the painful hassles when selling your home. Because We Buy Houses Fast, we can close within a week. Homeowners don’t need to make expensive repairs or updates to receive a fair cash offer; We will buy any property fast. Instead of paying for the appraisals, inspections, surveys, and closing costs associated with hiring an agent, We will buy your home without demanding you to pay any expenses. There’s no catch!

Capitalize on 2018’s healthy housing market by selling your property as soon as possible. If you want the best offer you can get with a speedy closing, consider how We Buy Houses Fast in Chicago. They provide the smoothest move between selling and moving without you paying a dime.