Sell My Distressed House Fast in Chicago, Illinois
We Can Keep Your House from Going to Auction
If your house is in the late stages of foreclosure, you may feel that you are out of options. However, you need to know that the last thing your lender wants to do is repossess the house. Instead, they would rather find a buyer for the house to save your credit and avoid the hassle of selling the house at auction. Fortunately, we provide a solution for you to get out of your mortgage with your credit intact.
At Sherman Property Experts, we buy houses as-is in Chicago, Illinois, and pay cash for the property. We can buy your house directly from you and close the sale in as little as one to three weeks, putting a halt to the foreclosure. We can make a fair offer you can work with. You do not have to make any repairs on the house. Plus, you pay zero closing costs or realtor commissions.
Call Sherman Property Experts at (773) 985-7703 to get a fast cash offer on your house.
Sell Your Distressed House in Just 4 Steps
A cash home sale allows you to skip all the steps in a traditional home sale. So, the process is much faster, giving you the flexibility you need to avoid foreclosure and get out of your mortgage. When you sell your house to Sherman Property Experts, you can close in as little as four easy steps.
Step 1: Submit Your Inquiry
The first step in selling your house for cash is to meet our team over the phone or in person. We may ask questions to get to know your property better. Afterward, you submit your inquiry to get a cash offer on your house. Feel free to ask questions before you submit your inquiry.
Step 2: get a Cash Offer
We will appraise your property’s current market value. If we like what we see and decide to move forward with the purchase, we will make a fair cash offer on your house. You can expect a cash offer within one to three hours after you submit the inquiry so that you don't have to wait.
Step 3: Accept the Offer
If you accept our offer, we will send you an official digital offer for you to sign. Look over the offer carefully so that you fully understand the terms and conditions of the sale. Feel free to contact us if you have any questions or concerns about the cash offer. We are happy to help.
Step 4: Close the Sale
The offer includes all the paperwork you need to sign to transfer property ownership. You will sign the closing paperwork at a local title company. Once you sign the paperwork, we pay you on the spot. You can close the sale of your house in as little as one to three weeks.
What Is a Distressed Property?
A distressed property is a house in the late stages of foreclosure. If you do not catch up the payments, the lender attempts to sell the house at an auction - in most cases, the sale price is a fraction of the home’s current market value. The lender’s goal is to get the house off the books so that they do not have to assume responsibility for it.
Illinois does allow for a redemption period to reclaim the house. Subject to a few limited exceptions, you have seven months from the date you are served to pay off your loan in full, either by refinancing the loan or by selling the house or by other means. If you sell your house for cash within the period, you can redeem the house and pay off the loan.
How Does a Cash Home Sale Help Me During Foreclosure?
Sell Your House When You Want
Even in a strong Illinois real estate market, there are no guarantees that you will sell your house fast in Chicago. The average time to make home repairs, find a buyer and close a home sale is 60 to 90 days. If you sell your house as-is for cash to a company that buys houses in Texas, you can close the sale in as little as 21 days.
Pay Little to No Selling Expenses
One of the reasons home sellers become disillusioned with selling a house is because they are unaware of the thousands of dollars they have to fork out to sell their homes. The three biggest home-selling expenses include realtor commissions, home repairs, and closing costs. By paying for these costs, your profits have dwindled considerably.
Work with a Pre-Qualified, Committed Illinois Home Buyer
Another frustration with a traditional home sale is getting offers from buyers who back out at the last minute. At Sherman Property Experts, we buy homes in Illinois. We work with countless home sellers on all types of real estate deals. Therefore, we have the funding necessary to secure a deal. We will never make a cash offer unless we are ready to commit to a real estate transaction.
Get a Fast Cash Offer from Sherman Property Experts
When you are ready to sell your house, we are ready to make a cash offer. Sherman Property Experts can assess your property, make a cash offer, and help you quickly close so that you can sell your house fast and walk away with no strings attached.
To sell your house fast in Chicago, Illinois, call (773) 985-7703 and get a fast cash offer.