The Process of Selling Your Home to a Direct Buyer for Upfront Cash

by | Aug 21, 2019 | Real Estate

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Selling your home can be a long and drawn-out process for which you have little time or patience. You need the money from the sale now and cannot wait for weeks or months while a real estate agent lists and shows your home.

Rather than sell your home through the traditional process of hiring an agent to list and show it, you can sell it directly to a company that pays cash upfront for homes. When you want to sell a house now in Chicago, you can prepare for the transaction by understanding the process behind it better.

Initial Inspection

Prior to you being able to sell a house now in Chicago, you will have to allow the cash buyer to look at the place first. The buyer, which could be a private individual or a person representing a home buying firm, will inspect the home to determine in what condition it is and what its possible value could be.

The inspection will cover all of the main areas of the home including the roof and basement. After the buyer looks closely at your home, he or she could make you an offer on the spot. The buyer also could ask for a few days to consider the county’s appraisal value on the place before making an offer to you.

Cash Offer

The buyer then can offer you cash for the sale of your home. The cash offer could be less than the appraisal value of your home. However, if you do not have a mortgage on the home, you could decide that the offer is worth the benefit of unloading the home in a matter of days.

If you accept the offer, the buyer will give you a check for the agreed-upon amount. You can then use it for any purpose you see fit.

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