As active fix and flip investors we’ve purchased numerous homes throughout the years from wholesalers all over the Valley. What we typically find is that they sell properties with very little margin or supporting comparable sales.
Therefore, we look through hundreds of properties before we find one that meets our criteria of having comparable properties to support the price. At ChicagoPropertyDeals.com we deliver properties that are truly below market.
Now, the definition of “below market” can be subjective. If you ask ten different investors you’ll get ten different answers. Here’s how we define “Below Market”:
Must have 3 “sold” comps that are within a one-mile radius of the subject property. The 3 comps must be within ~200 square feet +/- of the subject’s living space.
Subject property must be at least 20% below the average of the 3 sold comps.
It’s not easy to find these types of properties. We spend thousands of dollars on marketing and countless hours searching for deals that meet this criteria.
We are marketing specialist. Our arsenal of marketing strategies includes:
• Massive Online Exposure
• Paid Online Marketing
• Other Guerrilla Strategies
• Direct Mail
• Direct Relationships With Banks & REO Agents
Step #1: Download the Contract Package
Step #2:Email Your Offer
Guaranty National Title Company
John Wallace Jr
Lisa Voegel Rogers, Esq.
Attorney at Law
36 W. Randolph St Suite 800 Chicago, IL 60601
Unless your offer is all cash you’ll need to be approved with a hard money lender and submit proof of funds or approval letter with the offer.
To view a property, please contact the office at 312-757-8232 to make arrangements to obtain access.
Most of our properties are sold very quickly. We do however take backup contracts.
Because of the deep discounted prices we have negotiated on the properties we resell to investors and the small margins we work off of, we are unable to negotiate on the prices offered. We provide real values and discounted prices on the wholesale properties we offer.
We will be glad to refer any contractors, appraisers, attorneys, property managers, etc. if we are aware of any in the area of the property; however, you must interview them and make your own decision about relying on their information or services. We highly recommend getting detailed descriptions in writing with any vendor used.
Because we usually buy and sell many properties monthly it is extremely important for you to close on the anticipated closing date in your contract to avoid penalties.
We take each and every offer very seriously.
All offers are subject to prior sales and withdrawals.
Once you have completed the contract and addendum please email
them back to contract(at)chicagopropertydeals.com.
*DISCLAIMER: The principle of ChicagoPropertyDeals.com is a licensed Real Estate Broker with 606 Brokers Brokerage located in Chicago, IL, and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only, is compiled from sources deemed reliable, but is subject to errors, omissions, and changes without notice. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of Real Estate Brokerage.
Copy © 2023 Chicago Property Deals