Why won’t my house sell in Chicago? – 6 Tips To Cure It
1) Get good help.
Just like before, there are novice agents and investors rushing into the booming market trumpeting that they know what they’re doing.
But they don’t. They’re getting hit hard with the nuances of financing, deal structure, and evaluation. Seriously, chances are good that real estate is your biggest investment – don’t trust just anyone’s advice. If you want great results, partner with the pros.
2) Don’t make too many improvements.
Too often we see over-improved properties – those where the owners have gone too far. Even with the best of intentions, exceptional craftsmanship and true artistic talent, it’s incredibly challenging to exceed what the market is paying. Plus, most buyers want to add their own custom touches. Get rid of all the clutter and think “neutral”.
3) Do make necessary improvements.
Unfixed stuff scares buyers. Show that you’ve been a responsible property owner and get all the little details fixed.
Don’t leave gaps in the trim or plates off of the switches. Get it inspected by a professional home inspector, and show off the healthy home report. This goes a long way towards establishing confidence that they’re making a good purchase.
4) Style and design matters.
Curb appeal is as important as the inside – so don’t neglect one part of the property to improve the other. Give buyers a cohesive impression of great style. Paint the walls, update the landscaping, and most of all – keep it immaculately clean. Consider hiring a professional designer to help tastefully stage the property.
5) Pricing matters a lot.
If you’re getting a lot of showings but not a lot of offers, you might not be too far off in price. If your best efforts to advertise your property aren’t making the phone ring, you’re probably overpriced.
6) Every property will sell – sometime.
There’s no magic formula – but there’s no substitute for experience.
A Direct Sale of Your Chicago Home
For Chicago homeowners dealing with certain situations, a direct sale can be a great way to sell a house. Many people don’t consider this option or assume they will only get pennies on the dollar. However, when working with a fair and experienced homebuyer, a direct sale has the potential to save you thousands of dollars on the transaction. In addition to skipping the commission costs, you can also avoid continued holding costs, repairs, listing fees, marketing costs, closing costs, and more. Plus, you won’t have to deal with property showings and different people being in your home. This is an ideal selling method if…
- You need to sell your house quickly to buy a property elsewhere
- The house requires a lot of work and updating to be competitive with other properties currently listed on the MLS
- You are struggling with your mortgage each month and worried that the bank will begin the foreclosure process
- There are tenants in the home who are making it difficult for you to list your property in the traditional way
- You have inherited a house and you don’t want to be on the hook for insurance premiums, tax obligations, or other holding costs
- You are dealing with liens or title problems that have made it difficult for you to sell in the past
- You own a rental property but don’t have tenants or it isn’t performing as you had hoped
Of course, a direct sale is also a great option if you simply want to sell your unwanted property fast, without any hassles, costs, or red tape. We can help you with a direct sale on any property whether it is move-in ready or if it needs a ton of work. Don’t overlook this option when dealing with a problem property. For many homeowners in the Chicago area, it may be the solution they need!
If you need to sell a house near Chicago, we can help you. We buy Chicago IL houses.
We buy properties like yours from people who need to sell fast.
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“Quite often investors are willing to pay cash for a home and with the recent tightening of financial restrictions, coupled with the growing number of complaints about low appraisals, having a cash buyer has become even more appealing.”
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