How to Sell Rental Property For Cash, FAST in Chicagoland & Naperville
Buying a rental property can seem like such a great idea at first. Simply purchasing a home and renting it out! The idea seems foolproof, but is it worth it? Owning a rental property, dealing with tenants, taxes, cleaning and fees can be such a hassle. If you have been thinking about selling your Chicagoland & Naperville rental property, call Tony Buys Homes today!
Sell Rental Property in Chicagoland
If you are in this situation, constantly having to deal with needy tenants, high repair bills and constant cleaning and sanitizing. You may have asked yourself if all of the stress is worth it. Are you fed up with spending more than you are making? If so, you should consider selling your Chicagoland & Naperville rental property. Call a reputable, trusted realtor or cash home buyer to get the ball rolling. Do not let your investment drag you under!
At Tony Buys Homes, we are a family-owned cash home buying company that is located in Chicagoland & Naperville. We have been helping homeowners just like you since 2011, buying properties and homes all over the Chicagoland area with a stress-free appraisal and firm cash offer. If you are finished bending over backwards to accommodate renters, call us for a quick inspection and no-obligation cash offer within a few days!
Get your cash offer today by calling our local Chicagoland & Naperville office at 815-488-6373, or fill out the short form on this page to get started right away.
Why Should I Sell My Rental Property to an Investor?
By selling to an investor, you negate the void period, ensuring you do not lose money since we offer you an immediate cash payment. You will pay no commission costs, no estate fees, no closing costs, and no repair bills! When you sell your Chicagoland property to a real estate agent, you will be paying a hefty commission, anywhere between three and seven percent! Depending on your final sale price, you could be leaving thousands of dollars on the table between the cost of advertising, photographs, listings and fees.
With Tony Buys Homes, you do not have to worry about any fees, hidden or otherwise when I am ready to sell my house fast. We even remove your tenants, letting you off the hook for any sort of time-consuming evictions. We make the moving process as easy as possible, even if your house is in disrepair.
Can I Sell My Rental Property Even If It Needs A Lot Of Work?
Repairs can be expensive, time-consuming, and can even lose you money in the long run. The average cost of renovating a home can skyrocket into the hundreds of thousands of dollars, making this a risk that some simply cannot afford to take.
With Tony Buys Homes, a top-rated cash home buyer in the Chicagoland area, you don’t have to worry about repair bills! We have purchased properties all over the area, from mold and termite-infested properties to sinkhole homes and water damaged homes. We offer a stress-free, judgement-free solution to your unwanted rental property.
Can I Sell My Rental Property Without a Realtor?
Many homeowners opt for the traditional route, hiring a real estate agent to assist them with their sale. However, keep in mind that these realtors charge a commission based on the final sale price of your home. When the repair bills, commissions, fees, and closing costs are tallied, you could be left with pennies on the dollar! This leaves many considering trying to sell their home without a realtor, known as For Sale By Owner (FSOB). Though the money you save may sound appealing, realtors tend to charge as much as they do for a reason. Between the experience and connections they bring to the table, they also know how to conduct and organize a home sale. Many homes that are sold by owner end up going with realtors in the end.
Can You Sell A House With Tenants?
Selling to a cash home buyer lets you completely off the hook for removing your tenants, so you can certainly sell your home while it is occupied. The eviction process can be costly and time-consuming, so many people opt to sell their rental properties to a cash home buyer. We take great care to make the removal process as smooth as possible for both you and your tenants, so they are not unhappy and you are able to proceed with your home sale.
What Are The Tenants’ Rights?
Tenants have rights, though these vary from state to state. In Chicagoland & Naperville, evicting tenants without grounds is illegal, but depending on provisions or clauses in your lease, it leaves all parties with options that leave room to sell your property. There are two basic types of leases:
Month-to-Month Lease
Handling a month-to-month lease is much easier than a fixed-term lease. If you have decided to sell your property, all you have to do is give them proper notice. By giving written notice 30-60 days ahead of time, you fall within your rights as a landlord. Month-to-month leases don’t need any reason for them to be terminated. This is what is known as a “no cause” termination. If they refuse to move out, then you (or Tony Buys Homes) can begin the eviction process.
Fixed-Term Lease
A fixed-term lease requires added care, considering they have a set ending date that does not change simply because the deed changes hands. You can certainly wait until the lease is up, but this could bring a host of other issues. If they are in violation of their lease agreement, you could have grounds to evict them, but this can prove costly in both time and resources. Let Tony Buys Homes take care of everything!
If you are set on selling your property, you can also sell to an investor who will accept good tenants. Investors will honor the tenant’s lease and allow them to live undisturbed until the termination of their lease. Any lease paperwork and funds held (like a security deposit) will be transferred at the conclusion of the sale.
Sell Your Chicagoland Rental Property Quickly
Fed up with the stresses and headaches that come with owning a Chicagoland & Naperville rental property? Sell to a trusted, reputable cash home buying company like Tony Buys Homes! No hoops to jump through, no gimmicks, just get your cash in as little as a week when we make a firm, no-obligation cash offer on your Chicagoland rental. Rid yourself of the burdens of being a landlord, and call Tony Buys Homes today at 815-488-6373!
