How Cash Home Buyers Work (And How to Spot a Legit One)
Cash buyers use the 70% rule — ARV × 0.7 minus repairs. Here's how legitimate operators calculate offers, the closing process step-by-step, and the red flags that signal a fly-by-night chain.
Articles we wish every seller had read before their first call. Written by a licensed Illinois Managing Broker. No hype, no jargon — the same way we explain things on the phone.
Cash buyers use the 70% rule — ARV × 0.7 minus repairs. Here's how legitimate operators calculate offers, the closing process step-by-step, and the red flags that signal a fly-by-night chain.
Illinois foreclosure runs 7-12 months in suburban counties and 12-24+ months in Cook County. Step-by-step walkthrough of the judicial process, from first missed payment to auction day, by a licensed Illinois broker.
Most inherited Illinois houses can sell during or right after probate. Walkthrough of independent administration, multiple-heir coordination, stepped-up basis taxes, and out-of-state heir logistics — by a licensed Illinois broker.
'As-is' is a contract term about repairs — not a way to skip Illinois disclosure law. Walkthrough of the Illinois Residential Real Property Disclosure Act (765 ILCS 77), when as-is makes sense, and how the math actually works.