FAQS
We understand that you may have some questions, and that’s entirely understandable. In fact, it’s quite common. To assist in addressing any uncertainties you might have, we’ve assembled a list of frequently asked questions along with our responses. However, if you still have a question that hasn’t been addressed, please don’t hesitate to contact us at any time or give us a call at (773) 305-6373. We’re always available and more than willing to provide you with the information you require.
Q: Are you intending to list my house on the MLS, or is your aim to acquire it directly?
A: Certainly! Excellent question! We don’t operate as real estate agents, and therefore, we don’t list houses on the market. As seasoned home buyers, our primary emphasis is on acquiring properties directly from homeowners, including yourself. Our process is crafted for efficiency and speed, ensuring a swift purchase conclusion. Following that, based on the circumstances, we may opt to conduct repairs and resell the house to another homeowner, or we may decide to retain it as a rental property.
Q: Are the prices you offer for properties considered fair?
A: Certainly! It’s crucial to understand that the houses we acquire may often be below market value, enabling us to resell them at a profit to another homeowner. Our goal is to negotiate a fair discount on a property that serves the interests of both parties. Through our experience, we’ve observed that many sellers are not primarily seeking a substantial windfall from the property. Instead, they value the benefits we provide, such as a cash payment, quick closing (no waiting for financing), and the avoidance of the need to invest time, effort, or expenses in property repairs or agent fees.
If you find these advantages appealing and appreciate the concept of a quick sale, let’s consider the potential for reaching a mutually beneficial price. It’s essential to emphasize that our pricing commitment comes with no obligation, indicating that you are not required to proceed with the offer we provide. Nevertheless, understanding the offer we present can be valuable!
Q: What is your process for establishing the offered price for my house?
A: That’s a great question, and we value your curiosity. Our method is clear and uncomplicated. When establishing the offered price, we consider several crucial factors. These include the property’s location, required repairs or renovations, its present condition, and the recent sales prices of comparable houses in the area. By diligently weighing this information, our aim is to reach a fair price that is beneficial for both parties – one that aligns with our interests and, more importantly, with yours as well.
Q: Are there any fees or commissions associated with working with you?
A: If you choose to sell directly to us, there are no fees or commissions to worry about. We extend an offer, and if it meets your satisfaction, we’ll purchase your property without any additional complications or charges. Moreover, we handle the closing costs. Our profit is realized after covering any essential repairs and effectively selling it. We bear the risks linked to selling the property for a profit. Upon acquiring your house, you are released from any responsibilities tied to the property, and you receive cash in hand.
Q: In what ways does your approach differ from that of a real estate agent?
A: When contrasting our approach with that of a real estate agent, notable distinctions emerge. Real estate agents commonly list properties, counting on prospective buyers to express interest. This traditional method often takes an average of 6 to 12 months to secure a sale. Furthermore, should a buyer be found, agents receive a commission ranging from 3 to 6% of the sale price. This could result in substantial commission payments, potentially reaching thousands of dollars for a $100,000 house.
While agents offer a valuable service for those prepared to wait and incur commissions, Illinois Real Estate Buyers adopts a distinct approach. We are not agents but rather home buyers. We directly purchase your property, providing all-cash payments. This enables us to make quick decisions within a few days, potentially even on the same day. Assuming the risk, we invest our own funds to make purchases, manage repairs, and independently market it to secure a buyer.
Q: Is there any obligation when I submit my information?
A: There is no obligation whatsoever when you submit your information. Once you share details about your property, we will assess the information and may arrange a call to gather additional details. Following this, we will present you with a fair offer. The choice to sell to us rests entirely with you. We respect your autonomy, allowing you to decide what is best for your situation.
Interested in what we can offer?
Complete the brief form below or call (773) 305-6373 to receive a hassle-free, no-obligation, all-cash offer.