How Many Days Will It Take to Sell My House in Chicago?

If you’re a Chicago homeowner, and you’re looking to sell your current home and move to a new property, or you’re moving out of state, you may be wondering how long it will take to find a buyer and sell your house in Chicago. You are about to find out the average days it takes to find a buyer in Chicago.

This is always a concern when moving. The process of listing your house, finding a real estate agent, giving tours, and negotiating with potential buyers can take quite a while – leading to a multi-month sales process.

In this article, Max Cash Home Offers will break down the statistics, and give you the information that you need to know about the average days to find a buyer in Chicago. Let’s get started.

The Average Chicago House Spends 61 Days on The Market

According to Realtor.com, the average Chicago listing spends about 61 days on major real estate listings. The housing market in Chicago is starting to pick up again – houses are selling about 10% more quickly than in the previous month, because many people prefer to move in the spring and summer.

61 days is quite a long time – especially when you consider that this figure is only for listing your house. The process of finding a real estate agent, negotiating with a buyer, and closing on the house is not included. If you include all these factors, you could easily be looking at a total time of more than 3 months.

 

The Chicago Market Has Over 40,000 Listings

Unsurprisingly, the Chicago-Naperville-Elgin area is a very hot real estate market. Houses in Chicago and its outlying suburbs are always popular, and right now it’s a seller’s market – so quite a few people are looking to sell their homes.

It’s estimated that Chicago houses are going to become even more desirable – a 10% market increase is predicted for 2018, so we’re likely to see even more Chicago homes for sale in the upcoming weeks and months.

 

The Average Closing Costs for A House in Chicago Are in Excess Of $2,900

Closing costs typically range from 2-5% of the total value of a home, depending on the market. In Chicago, closing costs average about $2,944 – quite a hefty sum, especially for a lower-value house.

Closing costs are not the only fee you’ll have to pay, though. If you sell with a real estate agent, you may have to pay them a commission in excess of 6% of your home’s value.

You may also have to pay transfer taxes and other fees, as well as attorney fees to help you negotiate during the closing process. You will also have to pay off the remaining balance of your mortgage (if applicable). Altogether, these costs can eat up quite a bit of cash.

How Can I Reduce Selling Times in Chicago?

 Interested in selling your house in Chicago more quickly? There are a few steps you can take to decrease the time-to-sale!

•  Have the house pre-inspected – If you have a home inspector do a thorough inspection of your home, and it’s documented, your buyers may purchase the house without doing their own inspection, which reduces time to sale.
• Take care of potential home issues ASAP – Replacing broken drywall, stained carpet, and other issues may help your home appeal to more buyers. Fixing up and maintaining your landscaping can also help spur more buyer interest.
• Put your house up for a lower price – A lower price on your home is sure to bring in more buyers – but don’t do this lightly, and don’t go too far below market value.
• Avoid long negotiations – If you like the terms a buyer offers, accept them! You’ll avoid a long negotiation process.

However, if you are really interested in selling your home fast, there is an even better alternative. Rather than wait for the average days it takes to find a buyer in Chicago.

How Can I Sell My House Immediately?

By selling it to Max Cash Home Offers! We offer cash for all houses in the Chicago area – and we buy houses of any condition! Whether you have a beautiful, well-maintained home, or an ugly house that you need to sell quickly, we’ll make you a great cash offer.

We can make you an offer and close the deal in just days – not months – and we have a team of Chicago real estate experts who are always ready to take a look at your home.

You can also avoid closing costs when selling your home, as well as avoid attorney’s fees, and paying for a real estate agent. This puts more money in your pocket, and helps you get the cash that you need for your home – fast.

If you need to sell your house fast – to move to a new place, start a new job, or for any other reason – a cash buyer is always the best choice. And at Max Cash Home Offers, we offer the fastest closing time and the best rates in the entire Chicago metropolitan area.

Contact Max Cash Home Offers Now – We Buy Chicago Homes for Cash!

Don’t bother waiting 3+ months to sell your home in Chicago. Especially with the average days it takes to find a buyer in Chicago being so high. With Max Cash Home Offers, you can get the money you need for your home – without the wait. You save money on fees, closing costs, and more, and benefit from an extremely fast home sale!

If you are interested in selling your home for cash, please do not hesitate to contact us with any questions that you might have. We would be glad to give you a rough estimate of the value of your home, and discuss our policies in more detail. Call us at 626-247-3569 to learn more.

Max Cash Home Offers offers instant cash offers on houses nationwide. We do not provide legal or financial advice. For information on foreclosure, eviction or any other legal situation make sure you contact a local attorney.