How To Sell My House Fast In Illinois
We Offer Cash For Your Illinois House Fast. Here’s How…
Sell Your House The Easy Way.
Hey, it’s Dan, and I am the one you will be talking to at Meyers Real Estate Services. I will listen to your situation and do my best to guide you through the entire process from start to finish. Remember this is a no obligation offer. This process is free without any cost involved to you and without any obligation to accept any cash offer we make. If you rather talk to a real person feel free to call me anytime at my direct line at (847) 281-5143.
We simplify the process by eliminating certain parties that a normally part of the Real Estate transaction, (Real Estate Agents, Banks, Home Inspectors, etc.) and by paying cash we can make the entire process faster and easier.
Tell Us About Your Home!
It’s quick, easy and free! Just fill in the form below so we can chat!
We will call you to schedule an appointment
We’ll contact you to setup a quick appointment..virtual walk throughs are available.
We’ll present you w/ a fair written, no-obligation offer,
or discuss the best method to proceed. We have other creative ways to work together. Your house may be worth more on the MLS so may be able to list it to get you more money.
We close at a local reputable title company
You pick the date to close! Cash in your hands in as little as 7 days!
Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as 7 days… or on your schedule (sometimes we can have a check in your hand the very same day!).
Contact Us Today to get your offer!
Selling Your House Can Be A Quick And Simple Process
Dan Meyers at Tanis Group LLC buys houses in and around Chicago Area (and other areas too!).
We pay cash, so we’re able to close quickly… or on your schedule. Or, if it makes more sense to list your house on the market, we can use our proprietary marketing methods to sell your house fast and for top dollar to a traditional retail buyer.
This means we can offer you options that most investors and/or agents can’t. If you want to sell fast for cash, you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is). That’s right..you won’t have to have other Realtors and strangers walking through your house!
If you want to sell for top-dollar, we are experienced and reputable Chicago Area real estate agents and can list your home and find a buyer for you.
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.
See what we can offer you for your house…
It Really Can Be Easy As 1,2,3….
So what exactly goes on behind the scenes? How are we able to buy my house for cash and make any money?
To sell your home fast for cash in Illinois, we feel we should educate you more so you can decide what options you have.
Keep reading below for a detailed description on how our house purchasing process works from start to finish. Please read all the steps because if you do you will have the knowledge going forward to make the right decisions. There are no secrets here. Reading this should give you expert knowledge in this field.
Let’s Break Down How To Sell Your House Fast In Illinois
Before we dive to deep, Here’s What You’ll Need:
- Internet access
- An email address
- Or just a plain old telephone!
So Exactly What Is A “Cash Home Buyer”?
A cash home buyer can be a company both large and small or just an indiviual person. If it’s an individual person they are usually a Real Estate Investor but there are occurrences where the person may be buying the house to live in. Because these entities are capable of buying your house in cash without the need for financial support from banks, lenders or other 3rd party financial institutions they are able to forego a lot of the red tape that comes with a traditional home purchase. Since the buyer is coming up with their own money, they have the final decision therfore eliminating any need for mortgage approvals or home inspections, which greatly speeds up the entire transaction. Since we are also licensed Realtors, we see how the mortgage approval process and home inspection kill deals all the time putting sellers back to square one. Here are a few simple steps to get your house in Illinois sold fast!
1. Look For A House Cash Buyer.
Most people will use Google and do a search for “Sell My House Fast [your city state]” or “We buy houses [your city state]” to find home buyers near them. When the results are displayed in Google people usually choose the top ranking results underneath the top paid ads. The ad results may not reliable or reputable as they are simply paying to be on top. They may not be on top because they are reputable. These Ads are recognized by the letters “Ad” before the Google listing.
2. Do Your Research.
Unfortunatley not all cash home buyers are the same for many different reasons….Especially in the Chicago Area. Their offer amounts may differ greatly . You should navigate over to their website, visit their “How it Works” page and the “About Us” or “Our Company” page to make sure there are reviews from real people that sold their house to them. What you want to see is transparency, professional clean website, clear and concise explanations of how they work and professionalism . Their website is a reflection on their business. If a Cash Home Buyer owner won’t take pride with their website they may not take pride in their business and may not be the best choice for you to sell your house to.
3. Get Your Information To The Home Buyer.
Once you have done your research for house buyer, it is time to get the process started by submitting your contact information. The information needed from you is
1) Phone number or email address
2) The property address
3) Details on the condition of the house and any repairs it needs.
4. Set An Appointment.
Once the company gets the necessary information an appointment will be scheduled then you can meet the buyer. The Buyer will want to oak through the house together. They may ask to take some pictures too. You can ask them questions and by the end of the walkthrough your offer should be presented and can be discussed. There should never be any costs for a home buyer to do this and the cash offer is a no obligation to accept. Any reputable home buyers should know that may be a stressful time in your life and you have an important decision to make so more often than not, they would understand the need to for you to think it over and talk to other people this decision may impact.
5. Pick A Date To Close Then Receive Your Cash!
If you like the cash offer that was presented then you can pick a date for the closing. During closing you will get the cash! You sold your house to a cash buyer successfully! Usually it is the cash buyer that will pay for closing costs, making sure the entire transaction is as attractive as possible for you!
And that’s it!!
Dan helps Dave with his Schaumburg Home!
Dave resides in Schaumburg Illinois and he wanted to move by family in Tennessee. Unfortunately he was a bit behind on his mortgage and his home needed some work. It’s a nice house but if we were to list it on MLS it would not sell for enough money. We came up with a solution so Dave could move and start a new life. Things were a bit tricky but I think the situation worked out ok for all!
How We Come up With A Price To Buy Your Illinois Home
We Really Try To Give The Best Offer!
We Make Our Offers On Your Home’s After Repair Market Value….Or “ARV”!
So we base our offer off what your house would sell for on the market if it was completely fixed up. We research other similar homes that have sold near you in the past 3-6 months and get a good estimate what your house would sell for.
Let’s Break This Down In More Detail
- So you have a house you want to sell.
- There is a house down the block that is exactly like yours but they made some updates. They have a newer roof and siding, updated kitchen, newer floors and it’s been painted. The house is move in ready and looks great both in and out.
- Let’s say this house sold for $400K just 3 months ago.
So What Does This Tell Us
Ok, so what does this really mean to you?
Now we have figured out the Market value of your home if we did all the necessary updates and repairs which we figured would be $400k. We have also figured out the cost of repairs and updates. So can now make an offer that works for our business. This offer will hopefully work for you too! If this offer works for you then we close and you get your cash at when we close! We make offers based on the market values and not based on how bad you may be needing to sell.
Let’s Really Break Down The Offer
All you math lovers out there, will appreciate this section. We value honesty and transparency. We have no issues sharing with you how exactly we formulate our offers.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
So What Does This Really Mean??
In simple terms…this is what it means.
The current Market Value of the house after all our repairs and updates, then subtract all our total costs of fixing it up which includes our profits will be the offer. It’s actually that simple! I still want to be sure you comprehend this though.
Here is a home that needed some updates….
- So your house needs some updating, it’s clean and livable but just could use some work.
- We used your neighbors house as an example before…the one with a newer roof and siding, updated kitchen, newer floors and it’s been painted. Maybe your kitchen looks like the one on the left, and theirs looks like the one on the right.
- It looks fantastic…and that’s why they got $400K !
If we are going to sell your house (I guess it’s actually our house after we buy it from you!) for $400K, we will have to make your house look the same as your neighbors house or even better so that we can also sell it for $400K.
Why is this?
Well….we will not be able to sell the house in this current condition for $400K when all the other homes that are currently on the market in your neighborhood look as awesome as your neighbor’s. Would you be interested in buying a house in worse condition for $400K when a much more updated house sells for the same price? No, of course not!
So the next question you would ask would be:
If the house after it is completely fixed and updated would sell for $400K, for how much would it sell as is?
Sell My House Fast In Illinois For Cash Or Should I List It As Is?
If you contacted a local Real Estate Agent(we’re agents too!) and let’s pretend they say that your house in its current condition is worth $250K. Now you have contacted the most reliable, friendly, honest and awesome highest ranking house buyers in all of Illinois…us!😎If you have not,… well, you really should!
When we initially meet you and see your house we are checking out what needs to be repaired and updated. We’ve gotten pretty good at figuring out what it will take to fix your house up to top dollar. Since we are licensed agents we can figure out what your house would sell for after we make it look like your neighbors.
The more accurate our numbers are the more accurate(maybe higher too!) your offer will be! Let’s say our cost of repairs is $90K.
We Are Now Ready To Make You A Cash offer!
Here is how the numbers breakdown:
As-Is Value = $250K
ARV (After Repair Value) = $400K
COR (Cost Of Repairs) = $90K
Our Selling Cost = 10% x $400K = $40K
Let’s say Our Minimum Profit For This Purchase = $50K (this sounds like a lot, but the bigger the project the more we have to factor in on the backend.)
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $400K – $90K – $40K – $50K = $220K
Your Offer = $220K
Let’s Analyze The Offer
So If the house is worth $250K as is, meaning you listed it with an agent you could possibly sell it for $250K. But after 6% agent fees and closing costs you would probably get about $233K for it, and it could be on the market for 2,3,4 months or even more! You will have people coming in and out and you will have to deal with inspection and mortgage contingencies. And there is no guarantee the house will actually sell.
So now you have to make a decision.
Sell it for a guaranteed sale for $220K in as little as 10 days, or a “possible sale” for $233K hopefully within 4 to 5 months.
What to do.🤔
BUT HOLD ON!!!
Let’s Say The Cost Of Repairs Was $40K Instead Of $90K?
Now things get interesting! Now the offer becomes
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $400K – $30K -$40K – $50K = $280K
Look at that! That is $30,000.00 MORE than what the house is currently worth! But get this…it’s almost $50K more than what you would get if you had listed it with an agent (remember that you would only get $233K after all listing and agent fees). Again, our offers are based on the numbers, not on how desperate you are to sell.
Questions We Get Asked…A Lot!
How Do You Sell A House By Owner (FSBO)?
In this Market, Selling your house yourself can be done. It takes a lot of work and research but just about anyone can do it.
- You need a solid understanding of your local market.
- Find out how much the house is worth as is. This can be tricky but go on Zillow and look for similar sized houses in the area that sold that were not updated. And don’t assume your house is worth a lot because you like it! Sellers often think their house is a lot more worth because “way it is prettier than my neighbors!”.
- You can try to pay for a flat fee to list the property on the MLS. You’ll have to do some local research to find someone to help you with this.
- Learn how to effectively market the property.
- Learn how to negotiate effectively
- Hire a Real Estate Attorney
- Clean or Pay someone to clean the house inside and out
- Hire a Professional Photographer
- Hold open houses and learn how to handle the tough questions asked during the open house.
- And make sure you know all your laws in your area pertaining to real estate transactions!
So Are There Closing Costs When Selling By Owner?
Yes, there will always be costs if you sell your house by owner! You will be on the hook for Attorney fees, closing costs, holding costs, title insurance, escrow costs, and more of the house for as long as you own it. As you are selling it yourself however there will not be any Real Estate Agent fees(6%). The other costs still can be significant.
We Are Cash Home Buyers In Illinois!
Meyers Real Estate Services, “We Buy Houses In Illinois” buys homes all over Illinois. We are House Cash Buyers In IL. We get rid of all the nuisances that come with the standard way of selling your house. We do not rely on bank loans; we have our own cash! We buy your home as-is and can close fast. There are no agent fees or commissions. We are absolutely ready to buy your house right now and can close immediately! It all starts by filling in our form.
We value honesty, integrity and transparency…..We are there to help during every step of the process. We start by laying out exactly how it works, what to expect and what timeframe we are working with. If you need to sell your house in Illinois fast, we truly believe we are a the company to pick! And once again, there are no repairs, no agent fees or commissions and we buy in whatever condition it is in! Even if you are facing foreclosure we can help stop it. Don’t hesitate….give us a call!