The quick answer to that question is “No.”
We are local cash house buyers in Chicago, IL and work with home owners who need or want to sell fast. The home owners we’ve worked with come to us with all kinds of reasons for that.
One reason is that the house is rundown, in disrepair, and the owners just don’t have the time, money or energy to make the fixes needed to be able to sell it fast on the open market with a real estate agent.
But here’s the “official” reason we’ll buy a house in any condition in and around the Chicagoland market (including other cities in Cook County and the surrounding areas):
Why Cash House Buyers In Chicago Will Buy A House “As-Is”
Since we buy houses with cash and don’t need to get bank approval… we have the flexibility to buy houses in any condition.
Normally, traditional banks won’t finance a house if it’s in disrepair. They want to protect their bottom line.
They see it as a risk and won’t lend on the normal “fixer upper” house.
That leaves a lot of home owners in our area without a good option to sell the house because 95% of buyers have to get a traditional loan to buy a house.
That’s where we come in.
Here at Olson Home Buyers, we are cash house buyers in Chicago. Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your house for cash… then we, along with our local partners, fix up the property, beautify the neighborhood, and sell it in “move-in” condition to a happy new home owner.
We pay for all of the repairs.
We pay for the closing costs.
We do all of the work, so you don’t have to.
Our goal is to make the whole process hassle-free for you, so you can move on with your life and put this house behind you.