Selling a house directly to an investor comes with many misconceptions. People seem to have these ideas about what to expect based on stories they’ve heard or read about. But the fact of the matter is that most real estate investors are wonderful people, passionate about what they do. In our latest post, we will discuss four common myths people have about selling their homes directly to an investor.
Some people like sewing. Some people like selling products. Others love designing houses, and other people love buying and selling them. At Chi Home Buyers we love to help homeowners while restoring run-down properties. Real estate is our passion, as is helping homeowners in the Chicago area! Below are four myths we would like to clear up about selling your house to an investor in Chicago!
You Won’t Get A Good Price
When selling your house to an investor in Chicago, you might have the idea that you aren’t going to get a fair price for your home. While we can’t speak for all investment buyers in the area, we can let you know that when you sell your Chicago house to Chi Home Buyers, you will always receive a fair and honest price for your property, based on current market conditions. We are very transparent about how we determine our offer prices. We’ll take into account recent area sales and the amount of work that needs to be done to make the property comparable to others on the market. We will happily make you an offer, leaving the ball in your court. There is never any obligation, we want to make sure that selling directly to us is the right decision for you!
Investors Are Con Artists
This is far from the truth as well. Many “investment” buyers are families looking to invest in a rental, or people looking to flip properties because fixing up homes is what they love to do. Of course, there are some investors out there to watch out for, but that is true in any industry. If a real estate investor is interested in buying your home, hear them out. They might be able to offer you an excellent solution while saving you all of the costs of a middle man. Working with the right investor will ultimately save you time and money on the sale of your Chicago house! Ideally, you will be able to find a solution where everyone wins!
You’ll Be Hit With Hidden Fees And Costs
Again, we can’t speak for every real estate investor out there, but the majority operate openly and directly. This is how business gets done, and how everyone is able to save money on the deal. A fast, efficient, and straightforward process is the norm for most investors. When you work with Chi Home Buyers, you’ll never be blindsided with any additional costs or hoops to jump through. We’re direct buyers, ready to cover all the costs so you can sell quickly and with peace of mind. We lay it all out there from day one, so you’ll never have to worry about any surprises. Our goal is to ensure you are incredibly happy with your selling decision, hitting you with hidden fees is the last thing we would ever do!
The Closing Will Take Longer Than Promised
When you work with an investment buyer such as Chi Home Buyers, a closing date is never promised until the offer has been accepted. Once we have a fully executed contract, we will be able to run the title right away and close on the property as quickly as possible. Of course, if issues like back taxes or liens need to be resolved, we will do what needs to be done in order to move on with the closing as planned. You will never have to wait while we find a buyer for your home. We are not assigning contracts, we are direct buyers with the ability to close on your property right away.
At the end of the day, working with an investor might be the best way for you to reach your goals. Investors will know how to work with the title company to get things handled quickly. The entire selling process can be completed in just a few days as opposed to the traditional process of hiring an agent, listing on the MLS, waiting for a buyer, and going through the escrow process. Avoiding the escrow process will save you time and money! The escrow process allows time for buyers to complete inspections and appraisals, two things that typically aren’t required with a sale to a Chicago real estate investor, at least when you are working with Chi Home Buyers, we buy as-is!