You’ve probably seen the highly prevalent “Cash for Houses” signs or ads in your neighborhood. But the question is: Are they legitimate? The answer is yes, but it’s best that you go with an experienced company that deals with these types of transactions. With that in mind, here are several benefits you’ll enjoy by selling your house for cash.
Cash Upfront
In a Cash Housebuyers Chicago deal, you’ll keep all the money. This is cash you can use to pay for a smaller home, if you’re downsizing, a condo, or you can even invest it. The buyer will offer less than market value because of the liquidity of the transaction, but “Cash is King,” as they say.
Less Work
When you work with a cash-buying company, you can avoid all the hassles that go with selling a house. You don’t have to clean every day, stage your home or arrange for everybody to leave the house. The buyer does all the work.
Avoid Foreclosure
If you’ve lost a job and momentarily have no income, a Cash Housebuyers Chicago agency can help you avoid foreclosing on your home. This, in turn, will keep you out of the courts and prevent your credit scores from plunging.
No Closing Costs
Closing costs usually range from 2 to 5 percent, with most falling somewhere in the middle. And 5 percent on a $200,000 home is $10,000 you’d have to pay in a traditional home sale.
No Repairs
Your Cash Housebuyers Chicago representative will not expect you to pay for costly repairs before the sale. He usually has someone on staff to do fix-ups.
No Commissions
These types of home sales do not require you to get a real estate agent. That means you can avoid the 3 percent or higher commission she’d earn in a traditional-type sale.
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