It takes 58.2 days to list & sell a house on average. Who has the time for that?!
Regardless of if you’re selling an inherited property in Chicago, getting rid of a rental, or just want a no-hassle sale, you can sell your house fast for cash. Imagine not having to worry about inspections, repairs, cleaning, or prepping for open houses.
3 Ways to Sell Your House Fast in Chicago
1. List on Houzeo
Houzeo is Chicago’s #1 cash buyer marketplace. Here’s why:
- All major cash home buyers, including Opendoor, Offerpad, HomeVestors, and WeBuyHouses, have submitted offers on Houzeo.
- Your Houzeo listing also makes your property visible to local investors, cash home buyer companies in Illinois, and nationwide cash buyers simultaneously. You don’t need to request an offer from each cash buyer!
- Your home is featured on popular real estate sites like Zillow, Redfin, Realtor.com, and Trulia. More exposure means more views, showings, and the possibility of getting multiple cash offers!
How much cash can you get?
- Median Home Price: $360,000
- Potential Offer Amount: Up to 100% of your home’s fair market value (FMV)
- Service Fees: $749
- Actual Offer Amount: $359,251 (100% of FMV – $749)
β Pros | β Cons |
1. Full transparency, no hidden fees 2. Access to high-tech listing management and offer tools | 1. 5 property photos are mandatory 2. Virtual service only, no in-person options |
2. Sell to an iBuyer
Opendoor is the #1 iBuyer in Chicago.
- Opendoor will extend a cash offer on your house within 24 to 48 hours. (if it lies in their coverage)
- Like any iBuyer, Opendoor uses a proprietary algorithm to estimate the cash offer price based on the nearby homes for sale in Chicago. Typically, the offer is up to 80% of the home’s market value.
- Opendoor makes fast cash offers on turnkey homes that require minimal repairs. If you’re trying to offload a distressed home AS-IS, an iBuyer may not be the best choice.
How much cash can you get?
- Median Home Price: $360,000
- Potential Offer Amount: Up to 80% of your home’s market value
- Service Fees: 5%
- Actual Offer Amount: $273,600 (80% of FMV – 5% Fee)
β Pros | β Cons |
1. Fast closing. Typically, within 2 weeks 2. Less paperwork compared to traditional sales | 1. Offers are only 80% of FMV. Use of AVMs may lead to lowball offers 2. Service fees may increase to 8% if the home needs too many repairs |
3. Sell to a “We Buy Houses for Cash” Company
Heartland Buys Houses is one of the best companies that buys houses for cash in Chicago.
- Chicago Cash Home Buyers extend cash offers on homes within 24 to 48 hours.
- Like other Chicago cash buyers, Chicago Cash Home Buyers will make an offer after calculating the After-Repair Value. Typically, the offer is between 30% and 70% of the home’s market value.
- Chicago Cash Home Buyers has no eligibility criteria and makes offers on homes that need dire repairs. So, if you want to sell a distressed home AS-IS in Chicago, this cash house buyer is a good choice.
How much cash can you get?
- Median Home Price: $360,000
- Potential Offer Amount: 30% to 70% of the Fair Market Value (FMV)
- Service Fees: None
- Actual Offer Amount: $108,000 to $252,000
β Pros | β Cons |
1. Fast closing. Typically, within 7 to 14 days 2. No need to make repairs, will buy house as-is | 1. Offers are typically 30% to 70% of FMV. 2. May also lowball a home that’s in good condition |
How to Sell Your House Fast for Cash in Chicago?
4 Tips to Sell Your Chicago Home Fast
1. Price Your Home Realistically
A price close to your home’s actual value is critical to attract offers quickly. Get a CMA or use Houzeo’s free home value estimator before you finalize the home price. Pricing your property accurately is crucial to selling a house fast.
2. List on an Online Marketplace
When you list your home on an online marketplace, you market your home to local and national cash buyers simultaneously. This significantly increases your chances of getting multiple cash offers.
π List Your Illinois Home for Sale: Start listing on Chicago’s #1 Online Marketplace for free today.
3. Address Minor Repairs
Fix minor issues like leaky faucets, broken outlets, or worn-out paint to boost your homeβs appeal. Even small upgrades can make a big difference in how potential buyers perceive the value of your property.
Invest in enhancing your home’s curb appeal. A positive first impression on buyers can significantly quicken your home’s sale.
4. Respond to Enquiries Quickly
Responding to buyer queries promptly shows your commitment to selling your home quickly. This will also increase buyers’ interest in your home.
Potential buyers often have busy schedules and may not be able to visit your house during the week. Be available for showings during the weekend.
How Can I Sell My Chicago Home Fast?
That’s easy! Price your home to sell and list it on an online marketplace in Chicago.
Chicago cash home buyers are a good option if you want to sell quickly and don’t mind keeping some money on the table. You can sell your property fast, but the cash offer will most likely be 30% to 70% of its market value.
If you want up to 100% of your home’s market value, list it online. When you list online on a marketplace, it is visible to multiple cash buyers at the same time. This increases the chances of getting more than one cash offer.
Β» Houzeo Reviews: Learn why thousands of home sellers love Houzeo.
Frequently Asked Questions
How to sell a Chicago house quickly?
The best way to sell your Chicago home fast is to list it on a cash buyer marketplace.
What to avoid when selling your house fast for cash?
Avoid potential mistakes like overpricing your property or not investing in minor repairs. Here are 4 tips to help you sell your property fast in Chicago.
How to sell a Chicago house fast for cash?
You can sell your house fast for cash in Chicago by listing on the MLS. Other options to sell fast for top dollar are selling your home to iBuyer or to cash home buyer companies in Illinois.