What are distressed houses and the quickest way to sell a house for cash.
Windy City Cash Buyers is a fast cash house buyer in Chicago, IL. We specialize in buying distressed houses for sale in Chicago’s south side neighborhoods and Chicago’s west side neighborhoods like West Pullman, South Chicago, Englewood, and East Garfield Park.
As house cash buyers in Chicago with nearly 40 years experience we like to share information whenever possible. Windy City Cash Buyers buys distressed houses and remains the quickest way to sell a house for cash in Chicago, IL.
Today, we’d like to talk about distressed houses for sale, what distressed houses are, and why distressed older homes are reinventing Chicago real estate.
What are Chicago distressed houses?
Chicago distressed houses actually go by many names and can be broken down into several categories. Distressed houses in Chicago may also be called, fixer upper, fix and flip homes, handyman special houses, and neglected homes.
One category of distressed houses for sale are vacant homes and abandoned homes. The difference between the two is that an abandoned property has no discernible owner, whereas a vacant property has a known owner, yet the property is not being used.
Additionally, you will find foreclosed homes for sale at auction and homes in pre-foreclosure. While these homes are not always distressed houses and properties, they often are as many property owners abandon a home in foreclosure if the owner cannot pay their mortgage or settle on a lower payment with their lender.
Why does Windy City Cash Buyers buy distressed houses?
Windy City Cash Buyers has been buying distressed houses in Chicago for nearly 40 years. With our experience we can offer fast cash offers on houses in as is condition within 24 hours, and for many houses for sale can close in 7 business days. So, why do we love distressed houses?
Chicago’s distressed, vacant, and foreclosed properties are often older fixer uppers for sale that date back to Chicago’s housing and job booms that took place in the late 1800s, early 1900s, 1920s, 1930s, and 1950s. Houses such as 2-flat wood frame houses, worker’s cottages, red brick Chicago bungalows, and 4-flat red brick Chicago apartments for sale were the powerhorse of Chicago’s architecture.
Windy City Cash Buyers is often a link between people who see distressed houses as a liability and companies flipping houses for profit. Essentially, we benefit sellers and buyers, as well as urban renewal throughout Chicago.
Why are Chicago’s distressed houses the future of Chicago real estate?
Due to the historic significance and number of distressed Chicago houses for sale, Chicago is considered one of the most rehab-friendly cities in the country. Rehabbers flipping houses for profit and contractors buying handyman specials realize the importance of turning distressed houses and properties into modern and attractive homes for sale.
Distressed houses need updating of electrical and plumbing. Without these updates, homes are subject to fires, moisture buildup, mold, rodents, and insect infestations that pass onto nearby homes. Vacant and abandoned homes are often popular with criminal activity as well as are dangerous for the curious urban explorer. Lastly, rehabbing older homes helps to beautify Chicago’s historic homes and neighborhoods.
Windy City Cash Buyers offers the quickest way to sell a house for cash in Chicago. We provide cash offers on houses within 24 hours and can close on houses in as fast as 7 days. We can also help pay property taxes, inspections, and past-due utilities.
Contact Windy City Cash Buyers for the quickest way to sell a house for cash in Chicago. Our knowledgeable and friendly real estate experts understand the intricate fair-value cash market for houses in Chicago and are here to answer your questions and buy houses in as is condition for fast cash.