Buying real estate in Chicago is an excellent investment. Whether you plan on living in the house yourself, renting it out or flipping it, our latest post will show you the easy way to buy real estate in Chicago!
You might think buying a house is a stressful and overwhelming process. However, it doesn’t have to be. Buying a house in Chicago can be easy when you know the tricks of the trade! Below, we will share many tips to easily buy real estate in Chicago!
The Easiest Way?
Go To The Source
For many people, working with a professional property seller will make buying a house fast and affordable. By going to the source and taking out agent fees, commissions and other tacked on expenses, you will ultimately save money when purchasing a Chicago house.
Luxdoor Invest is a direct seller of Chicago real estate and can provide you with the kind of deals you have been looking for!
Other Things That Help
Pay In Cash
Sellers will often favor cash buyers. There is less worry about the sale falling through because there is no appraisal that is typically required by a lender. The house is typically purchased as is, eliminating the need for additional negotiations regarding repairs. Make sure to have a home inspection done so you know what you are getting into!
Do Your Homework
Before you begin shopping, spend some time on the county appraisers site. From here, you will be able to find property information, sales history and more. Learn about properties you are interested in as well as homes nearby. What are they selling for? What are the taxes like? When was the house built? What kind of utilities are there? Once you navigate the site once or twice, you will be able to uncover all kinds of data about properties in your target area.
Get Help From A Wholesaler
Working with a property wholesaler is an excellent way to find a great deal on a Chicago house. A wholesaler will have the same motivation as you for a quick and easy transaction. They know how to find the best deals, which will translate into more savings for you.
Save Your Money
There are many strategies to help you save your money. To get started, create a monthly budget for yourself. Think about your savings goals and how much you can realistically put away each month. Plan to set aside a certain amount each month, treating that amount as just another bill you have to pay. Take it one step further, and set up automatic transfers into your account each week or month. If you receive any money out of the ordinary, such as a work bonus or tax refund, put the entire thing straight into your savings account. You might be tempted to go shopping, but seeing your savings skyrocket will provide a sense of confidence shopping can’t compare with. Using these kinds of tricks, you will be surprised at how quickly the cash can add up.
Just because you are buying a house without involving agents doesn’t mean you are going to find your dream home at 50% off. It takes a good amount of work to find the best deals. If it wasn’t difficult, everyone would be doing it right? However, but learning about your market, and the different ways properties are sold, you will be able to find a house you want at a price you’ll love!
To save yourself some of the legwork, give Luxdoor Invest a call today! We handle the property analysis, the paperwork and can provide you with Chicago properties at excellent prices!