A property you purchased at one point in your life may not be the right building for you today. The good news is that you don’t have to hold onto your house forever! Discover the easiest way to sell your multi-family home in Chicago in our latest post!
There are a number of reasons people decide to sell their homes. For some properties and situations listing with a Chicago real estate agent makes sense. For others, a direct sale offers the speed, price, and convenience a homeowner may need. Below are some signs that its time for you to sell your multi-family home in Chicago!
It’s Too Big
Maybe you bought a house 30 years ago that was spacious for you and your growing family. Today, however, the kids have moved out and you are left living in a house that is way too big for your current needs. While you may have many memories in the home, it can become difficult to maintain. By selling your property, you’ll be able to find the next perfect home for your needs, while opening the doors of your old house to a new family, ready to make memories of their own.
It’s Too Small
Maybe you bought a multi-family home a few years back, however, it doesn’t have enough room for your growing family. While you may be comfortable today, we both know your kids will only want to share a room for so long. While renting out other units, you might also enjoy having a guest bedroom, 2 car garage, office, or exercise area… things you hadn’t prioritized so highly in the past. You don’t have to feel cramped or obligated to the house. By selling directly to us over at Global Abundance LLC, you can sell fast without any cost to you or real effort on your part.
Extensive Repairs
For many properties, the repairs can snowball over time. To get the property in the condition you’d like will take more time and money than you’d like to spend. You don’t have to feel obligated to fix it up or feel stuck living in it forever. A direct sale to Global Abundance LLC will let you sell your multi-family home exactly as it stands today! Listing a home in poor condition can ultimately end up costing a fortune upfront.
You’ll Make A Tremendous Profit
Did your neighbor just make a fortune selling their property? If this is the case, it might be time to test the waters by putting your building on the market too. Potential buyers will be looking at recent sales in the area and seeing the price of the recent sale down the street can easily boost the comps for your property. Even if you had planned on living in the house forever, for the right price, a move might be well worth it.
You’re Ready For A New Neighborhood
Once upon a time, you loved living in a walkable neighborhood with many shops and restaurants nearby. However, now you are looking for something a bit quieter, without the noise, foot traffic, and parking issues. Sometimes what we want and need in a neighborhood can change over time. Or maybe your neighbors and neighborhood have changed, no longer giving you the vibe you once loved so much in the area.
You’re Looking For Better Schools
People will often buy a house without giving much thought to the school district. But as you start a family and your kids get older, you develop a greater interest in the education of your children or future children. School ratings are used by home buyers both with and without kids. Great schools will typically lead to a better neighborhood overall. If you need to sell in a specific amount of time to ensure your children start off the school year in their new home, a direct sale can be one of the best options!
You’re Dreaming Of Something Else
Maybe you have always wanted to buy a home out in the country. Or a house along the river. Or maybe you want to relocate to the heart of the city with all the action. If there isn’t anything holding you back, selling your multi-family property will allow you to make your move. Ask yourself, if not now, when? Sometimes we become so comfortable in our living situation that we forget there are other places and ways to live! Trying something new can be exciting and beneficial for you in many ways.
You’ve Lived There Long Enough
Maybe you have been ready to move out since day one but hesitated because of the loss you’d likely take. According to many experts, you will need to live in the house for at least 5 years before you can really turn a profit on the sale. Buying a building can be expensive when you consider the down payment, loan origination fees, and repairs. You need to account for what you have spent on the property when you are calculating how much you are really making when you decide to finally sell.
