Finding yourself underwater on your mortgage creates significant challenges when you need to sell, especially if you’re facing time constraints due to personal or financial pressures. Already dealing with considerable stress, the prospect of selling a property in this situation can feel overwhelming. However, understanding all your available options can empower you to make a confident decision about your selling strategy, which directly impacts your financial outcome. Let’s explore how to sell your house in Chicago when you owe more than its current market value.
Commissions
When selling an underwater property in Chicago, real estate commissions can quickly deplete your finances and potentially leave you owing money at closing. With CVG Properties LLC, you’ll never face commissions or hidden fees when selling directly to our bilingual team. Instead, our professional buyers provide a transparent cash offer that shows exactly what you’ll receive at closing. You won’t even pay closing costs because at CVG Properties LLC, our full-service team of specialists handles everything efficiently, allowing us to guarantee a closing date, often within days. Or speak with your dedicated buyer at CVG Properties LLC about selecting your preferred closing date, and we’ll accommodate your timeline.
Prep and Repairs
While making repairs and preparing your home can maximize potential profit, this approach requires significant resources, time, and money—often unrealistic when you need to sell your house in Chicago and owe more than it’s worth. At CVG Properties LLC, we specialize in older homes with unique challenges and will clearly outline what you could potentially earn from making improvements versus our direct, as-is purchase offer. Selling directly to CVG Properties LLC means you won’t worry about passing inspections or addressing city code violations—we take on all those risks and handle any existing violations. You can skip the preparation work and eliminate the stress of showings when you work with our experienced team.
Current Market Value
If you’re falling behind on mortgage payments and hearing foreclosure warnings from your lender, swift action is essential. However, you may find yourself unable to cover the difference when selling your underwater property in Chicago. At CVG Properties LLC, our professional buyers are certified specialists who can guide you through a short sale process to avoid foreclosure or bankruptcy. Our experienced negotiators work directly with your lender to help prevent the negative consequences that can significantly impact your life in numerous ways, including long-term damage to your credit score. As Chicago’s only truly bilingual cash home buyer, we ensure clear communication throughout this challenging process.
A direct sale to CVG Properties LLC offers the most straightforward solution when selling your house in Chicago if you owe more than its value. With our transparent process, we make selling quick and simple, even with properties facing city ordinance violations. As a licensed real estate broker since 2013 serving Chicago and surrounding suburbs, we’re proud of our work in the community and operate with complete transparency. At CVG Properties LLC, we’re your neighbors here in Chicago, and we’re committed to helping homeowners navigate challenging situations with dignity. That’s why we ensure you have all the information needed to make an educated decision—because we want you to feel confident about your choice long after closing. Call CVG Properties LLC at 312-625-6506.