Frequently Asked Questions
Have questions about selling your house to a cash home buyer? We have the answers! Here is a quick collection of some of the FAQs people ask us, along with their respective answers. However, if you still have inquiries, please feel free to reach out to us anytime. We’re more than happy to provide you with the information you need.
Q: Will you be listing my house on the MLS or buying it?
A: We’re not agents, and we don’t list houses. However, our team has more than 30 years of combined real estate experience in IL. Here at URS Partners, we are professional home buyers: We buy houses in Chicagoland that meet our purchasing criteria, and we don’t use bank financing. That means you don’t have to worry about our ability to close. After purchasing your property, we may repair the house and resell it to another homeowner or keep it as a rental ourselves. No MLS, no showings, no open houses, no marketing, no waiting for buyers. We are the buyers!
Q: How are you different from a real estate agent?
A: Real estate agents typically list properties and rely on potential buyers to make a purchase. If there are interested buyers, the agent shows them the properties, but the selling process can take 4-6 months in many markets. The agent’s compensation comes from a percentage of the final sale price when they successfully find a buyer. Typically, this commission ranges from 3 to 6% of the house’s sale price. For instance, on a $100,000 house, you could end up paying between $3,000 to $6,000 in commissions to the agent.
Agents provide a great service if you don’t mind waiting or paying commissions. We help sellers avoid some of those routine hassles associated with listing a house. Our company buys the house directly from you. Since we pay with all cash and purchase the house directly from you, we can decide to buy your house within a couple of days (sometimes even the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer.
Looking for more? Here’s a comparison chart to give an overview:
| Selling w/ A Chicagoland Agent | SOLD To | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: A significant portion of the houses we acquire are priced below the market value. This strategy allows us to resell the properties profitably to other homeowners. Our aim is to negotiate a fair discount on the property. However, in our experience, many people we work with are not necessarily seeking a massive windfall on the sale. They value the benefits we offer, such as a cash payment, a quick closing process without waiting for financing, and the fact that they don’t need to invest time, effort, or money in property renovations or agent fees. If this sounds like something you’re interested in, let’s explore if we can reach a win-win price that satisfies both parties. Our pricing commitment comes with no obligation. It’s easy, fast, and hassle-free.
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: How do you determine the price to offer on my house?
A: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.
Q: Are there any fees or commissions to work with you?
A: What sets us apart from the traditional method of selling your house is that there are absolutely NO fees or commissions involved when you sell directly to us. Unlike listing fees, which can eat up to 6% of your earnings, our process eliminates these costs entirely. We present you with an offer, and if it aligns with your expectations, we move forward to buy your house without any hassles or additional fees. In fact, in many cases, we even cover the closing costs.
Our approach involves assuming the risks associated with the property. We make our profit by handling repairs and selling the house at a later date. Once we purchase the house from you, the responsibility becomes ours, and you can walk away without the burden of property-related payments. Additionally, you’ll have cash in your hand from the sale.
Q: Is there any obligation when I submit my information?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us. We’ll let you decide what’s right for you.
Want To See What We Can Buy Your House For?
Fill Out The Quick Form Below To Get A No-Hassle, No-Obligation, All-Cash Offer
Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help Chicagoland homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at (630) 277-9733. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.