Sell Your Chicago Home for Cash Even With Title Issues

Title issues are like undiagnosed diseases in the body. You may not know they’re there, but there will come a time when they manifest their ill effects. Title issue problems, in particular, could present themselves during a home sale. You will find it difficult to get rid of the property because no buyer wants to inherit the title issues. Thankfully, there are alternatives. One option is to sell the home for cash. Companies like us at Jeff Buys Your House can make the transaction quick and simple for your convenience. Keep reading to learn how we buy homes with title issues.

Title Issues? Common Problems and Their Effects

When talking about titles, we’re covering a wide range of problems that ultimately boil down to the lack of clear ownership and associated rights. Here are some types you may encounter.

1. Liens

Tax liens are the most common type of title issue. Your property can get one if you fail to pay property taxes, resulting in a lien that gives the government a claim on your home. This issue may become more common with the possible 3% rise in Chicago property taxes.

There are also other types of liens arising from unpaid debt. These include mechanic’s lien and judgment lien.

2. Boundary Disputes

Unclear boundaries are another type of title issue that can be expensive to address. Your neighbors may claim more than what they should have, and proving your ownership would require significant legal and surveying expertise. In Chicago, surveying services could set you back $298 to $1,118 on average.

3. Errors in Public Records

While most public records are digitized, human error is still a major possibility. Having misspelled names or missing signatures can cast doubt into the true owners of a property, adding to your headaches.

4. Problem With Heirs

Disagreements over the ownership of an inherited property are usually considered title issues. The ensuing legal battles can be costly and mentally stressful.

These title issues present a host of problems, especially if you’re considering a sale. First, addressing conflict of ownership can require professional assistance, which costs money. Plus, while it’s possible to sell real estate with title issues, you may not find a willing buyer. If they are willing, their lender may not approve financing if they discover the attached title issue. If negotiations fall through, you may need to start all over again, causing delays or loss of income.

 

Fixing Title Issues

The strategies for resolving title issues largely depend on the nature of the problem. Here are a few solutions you can try.

1. Pay Debts

Whether it’s a tax lien or a mechanics lien, the only way to address liens is to pay the actual debt. Ensure that proof of payment is provided to the right entity to resolve the lien.

2. Correct Errors on Public Records

Correcting missing entries or misspelled names is the best course of action. You may need to work with a title professional to navigate this step.

3. Address Ownership Disputes

If there are disputes over ownership, such as claims by heirs or neighbors, resolving them through mediation or legal agreements can help establish clear ownership.

4. Title Search as Prevention

Before you list the property in a traditional sale, conducting a title search can help you find any title issues and address them before they become a major burden.

Whatever the case, you have to face the reality that title issues require cash to fix. Whether you’re engaging with professionals or paying processing fees, you’ll need to shell out funds. You may end up with lower profits as a result.

Avoid the Hassle and Just Sell Home for Cash

Dealing with title issues can cost you time, energy, and financial resources. This step is just one of the many things you need to do before a traditional real estate sale. With the added process, the entire transaction could easily last for a few months, leading to long delays. For some people, the hassle is not just worth it. Working with a cash buyer is your best option if you want to sell the property as soon as possible. We buy homes regardless of the title issue, allowing you to move on quickly without delays.

We Buy Chicago Homes in Any Condition

Jeff Buys Your House provides cash offers for homes regardless of their current condition. Then, if you accept the offer, we will purchase the home as is. Our team has successfully worked with homeowners who’ve had the following problems, not just title issues.

1. Needs Repairs: We won’t ask you to make extensive repairs before selling the property — a typical requirement by buyers in a traditional sale.
2. Renovations Gone Wrong: Instead of having to shell out money to fix a botched remodeling project, sell the property to us.
3. Code Violations: Resolving code violations can be expensive. Avoid the hassle by letting us buy your property.
4. Trash-Filled: Cleaning out trash from a property is not only exhausting, but you may also be exposing yourself to health hazards. Let us buy the property so you can move on.
5. Damaged Homes: Whether your property has storm, termite, or water damage, count on our team to provide a reasonable cash offer.
6. Bad Rental Property Tenants: As a landlord, you don’t have to suffer if you have unruly tenants. We will still buy a rental property if there are existing occupants.
7. Hoarder Homes: We can take care of the accumulated stuff so you can move on to a clutter-free home.
8. Fixer-uppers: While a property seems to have some potential, you may not have the resources to improve a fixer-upper. Sell it to us instead, and we’ll take care of it.
9. Dirty or in Bad Shape: Even if your property is in a deteriorated state, our team will provide a competitive cash offer.
10. Death Estates: Managing the property of deceased parents can be expensive. Sell it to us to ease your burden.
11. Abandoned: Make use of an abandoned property by selling it to us.
12. Rundown Homes: Count on us to buy properties even if they seem unsalvageable.
13. Foundation Cracks: Does your Chicago property have structural issues like cracked foundations or walls? Our team will still buy it.
14. Vacant Land and Houses: Vacant properties not only accumulate property tax, but they could also receive nuisance penalties due to neglect. In Chicago, failing to maintain your property could set you back $1,000 or more. Selling the property to us helps you avoid these added expenses.

Sell the Property to Us for Cash Quickly

We’ve perfected our process over the years, allowing us to close a sale in as fast as a week.

1. Send information about your property.
2. After an evaluation, we will get back to you with a cash offer.
3. If you accept the cash offer, you can choose the closing date. It can be a week or two months later.

Ready to learn the current value of your property and make your decision? We buy houses Chicago, so get your free cash offer now!

Read Our Reviews and Our Process

Over the years, we’ve perfected our process, resulting in streamlined sales for clients. Thanks to their exceptional experiences, they’ve left glowing reviews about our company. Read their testimonials and our process today.