How to Find Cash Home Buyers in Illinois for a Hassle-Free Home Sale
If you’re a homeowner in Illinois looking for a way to sell your house without the stress of appraisals, inspections, or buyer financing, working with a cash home buyer could be the solution you need.
Selling to a cash buyer can help you skip the lengthy traditional selling process while still meeting your financial goals. In this guide, we’ll explain how to find and connect with cash home buyers in Illinois, outline the benefits of working with them, and walk you through the steps of a successful cash sale.
Disclaimer: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal or tax advice. HomeLight always encourages you to reach out to your own advisor.
How to find cash home buyers in Illinois
Looking to sell your home quickly and avoid traditional listing hassles? Cash buyers could be the right fit. Here are practical ways to connect with trusted cash buyers in Illinois.
Work with a reputable local real estate agent
A real estate agent can connect you with credible cash buyers, saving you the time of vetting potential offers yourself. Agents have networks of buyers ready to purchase homes quickly and can help evaluate whether offers are fair. If you don’t know where to start, HomeLight can connect you with a top agent in your area. While real estate commissions may still apply, an agent’s expertise can make a cash sale smoother and more secure.
Focus on investors rather than owner-occupiers
Investors, including institutional buyers, are key players in Illinois’ cash market. To attract their interest, list your home on investment platforms or attend local real estate events. You can also explore “We Buy Houses for Cash” companies, but remember, many house flippers follow the 70% rule and may offer less than market value.
Do your due diligence
If you’ve found a cash buyer you’re considering selling your house to, it’s important to thoroughly vet that company or individual to make sure they’re legitimate. You can do so by verifying the company’s rating with the Better Business Bureau (BBB), assuming they have a profile or are accredited. You can also reach out to your local office like BBB of Chicago & Northern Illinois, BBB of Central Illinois, and BBB Serving Greater Missouri & Southern Illinois.
Before signing an offer, ask for proof of funds
Always request proof of funds to confirm a buyer has the cash to close. This document, such as a bank statement, shows their financial ability. If they refuse, take it as a warning and look elsewhere for a legitimate buyer.