<br>

## Sell fast, sell for more

<br>

As we like to say, every day at OfferMarket is [Sell My House Fast Day](https://www.offermarket.us/blog/sell-my-house-fast-day) and [We Buy Houses Day](https://www.offermarket.us/blog/we-buy-houses-day). 

<br>

## How to find Real Estate buyers fast

<br>

If you need to sell your house fast, we want to be your go-to home sale platform. Let's meet a seller who received 14 offers for his house in Norcross, GA from OfferMarket's network of qualified buyers.

<br>

Jason wanted to sell his duplex Norcross, GA. The problem was that the property was in [poor condition](https://www.offermarket.us/guides/selling-a-house-in-poor-condition), with tenants that he didn't want to scare or inconvenience. It was clear to Jason that the best buyer for his house would either be a [fix and flip](https://www.offermarket.us/real-estate-glossary/fix-and-flip) or a rental property investor.  

<br>

Jason wanted to get the best possible offer but he didn't know what his property was worth given its condition. He didn't want to put the property on the MLS with an agent or risk buyers backing out or re-negotiating after their inspection of the property. He wanted to close the sale in under 30 days for the highest possible net proceeds and given his busy schedule he definitely didn't want to handle everything himself in a traditional [For Sale By Owner process](https://www.offermarket.us/guides/how-to-sell-a-house-by-owner). 

<br>

Jason carefully researched his options and found OfferMarket's [Sell My House Fast Norcross, GA](https://www.offermarket.us/sell-my-house-fast/norcross-ga) overview. He filled out our [Get Offers form](https://www.offermarket.us/sell) and let OfferMarket handle it from there. 

<br>

## Here are the stats from Jason's campaign:

<br>

- **Safe Showing:** 18 qualified buyers (photo ID, proof of funds)
- **Offers received:** 14
- **Winning offer:** cash, AS IS, no contingencies, close in 14 days
- **Close:** on-time

> When we decided to sell our investment property, we wanted to avoid expensive repairs and commissions. We found OfferMarket and decided to give their Get Offers service a try. In short order we received 14 offers and ultimately selected an AS IS cash offer with no contingencies that closed in under 2 weeks. We had a great experience and would absolutely recommend OfferMarket.

<br>

Every seller has a story to tell, read our [Google Reviews](https://www.google.com/search?q=offermarket) to see if selling your house fast with OfferMarket is right for you.

<br>

## Sell My House Fast: Get Offers with OfferMarket 👇

Every seller has a Sell My House Fast story to tell. Meet Jason, who received 14 offers and closed in under 2 weeks.

Sell my house fast seller success stories

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Sell My House Fast Success Stories - Blog.jpg

Sell My House Fast: Norcross, GA - OfferMarket Blog

Sell My House Fast Success Story: Jason From Norcross, GA

<br>

**Last updated:** April 15, 2024

<br>

There are many options when it comes to getting a fix and flip loan for your next 1 to 4 unit residential project. Whether your exit strategy is a flip (sale), or to rent and refinance into a DSCR loan, we are here to help you. 

<br>

OfferMarket has rebranded our fix and flip loan program in order to focus on serving rental property investors. We now call this our "Fix and Rent" loan program: a bundle of Fix and Flip loan + DSCR loan that provides industry-leading terms and discounts for Illinois rental property investors that buy, rehab, rent and refinance (BRRR) with OfferMarket. Get an [instant quote and pre-approval](https://www.offermarket.us/loans?ref=blog-fix-and-flip-loans-illinois).

<br>

1 to 4 unit residential properties in Illinois and Chicago are a great fit for fix and flip loans, which is otherwise referred to as "hard money" or "private money" or "bridge loan". If you have a distressed property you'd like to purchase and rehab, we have the capital and expertise to help you every step of the way.

<br>

We are currently advising our clients in Illinois to exercise caution when entering into new fix and flip loans. Use conservative estimates for ARV, protect your credit score. Fix and flip investors with an exit strategy to sell (flip), are strongly encouraged to underwrite for a rent and refinance exit strategy in case a sale is not a profitable or viable option.

<br>

Grow your real estate business with <u>fast</u>, <u>reliable</u>, <u>competitively priced</u> capital. Proudly serving real estate investors throughout Illinois and Chicagoland.

<br>

## Fix and Flip Loans Chicago

<br>

If you're buying distressed properties in Chicago, we can fund up to 100% of the purchase price and 100% of the rehab. Plan your next project confidently -- common sense underwriting and deal structuring to help you achieve your goal and manage risk.

<br>

## Illinois Fix and Flip Loan Program

<br>

Built for real estate investors who demand a better borrowing experience.

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Fix and Flip</th>
    <th>Guidelines</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>Interest rate</td>
    <td><a href="https://www.offermarket.us/loans" target="_blank" rel="noopener noreferrer">Get quote</a></td>
  </tr>
  <tr>
    <td>Time to fund</td>
    <td>10 - 20 days</td>
  </tr>
  <tr>
    <td>Max loan to purchase price</td>
    <td>100%</td>
  </tr>
  <tr>
    <td>Max loan to rehab</td>
    <td>100%</td>
  </tr>
  <tr>
    <td>Max loan to ARV</td>
    <td>70%</td>
  </tr>
  <tr>
    <td>Term</td>
    <td>12 - 18 months</td>
  </tr>
  <tr>
    <td>Property type</td>
    <td>1 - 4 units, non-rural</td>
  </tr>
  <tr>
    <td>Minimum loan amount</td>
    <td>$50,000</td>
  </tr>
  <tr>
    <td>Minimum ARV</td>
    <td>$100,000</td>
  </tr>
  <tr>
    <td>Origination Fee</td>
    <td>2 points</td>
  </tr>
  <tr>
    <td>Interest type</td>
    <td><a href="https://www.offermarket.us/real-estate-glossary/dutch-interest" target="_blank" rel="noopener noreferrer">Full Boat or As Disbursed</a></td>
  </tr>
  <tr>
    <td>Draw type</td>
    <td><a href="https://www.offermarket.us/real-estate-glossary/what-is-advanced-draws-fix-flip-loans" target="_blank" rel="noopener noreferrer">Advanced or Reimbursed, Inspector-less</a></td>
  </tr>
  <tr>
    <td>Underwriting fee</td>
    <td>$495</td>
  </tr>
  <tr>
    <td>Legal/doc prep fee</td>
    <td>$500 - $995</td>
  </tr>
  <tr>
    <td>Prepayment Penalty</td>
    <td>No</td>
  </tr>
  <tr>
    <td>Appraisal required</td>
    <td>Yes</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Related Illinois Resources

<br>

- [DSCR Loans Illinois](https://www.offermarket.us/blog/dscr-loans-illinois)
- [Landlord Insurance Illinois](https://www.offermarket.us/blog/landlord-insurance-illinois)

<br>

Fix and Flip Loans Illinois is your go-to resource to help you get the best possible terms for your next fix and flip loan.

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Fix and Flip Loans in Illinois - Real Estate Financing

Fix and Flip Loans Illinois

<br>
<br>

## How much will you save when you sell your house without an agent?

<br>

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</script>

<br>

When you sell your house with OfferMarket, you avoid incredibly inefficient transaction fees.

<br>

|     Comparison    |  OfferMarket | Traditional Brokerage |
|:-----------------:|:------------:|:---------------------:|
|     Commission    |      0%      |         5 - 6%        |
|    Concessions    |  0% (AS IS)  |         0 - 2%        |
|      Repairs      |  $0 (AS IS)  |         0 - 5%        |
|      Showings     |       1      |           10          |
| Closing Timeframe | 30 - 45 days |        60 days        |
|   Closing Costs   |    0 - 2%    |         1 - 3%        |

<br>

<br>

## Sell your house without paying any commissions or fees using [OfferMarket](https://offermarket.us/sell)


Use OfferMarket's Seller Savings Calculator to see how much you can save by selling your house without a real estate agent.

Seller Savings Calculator - OfferMarket

Seller Savings Calculator

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket provides DSCR rental loans, bridge loans, hard money, fix and flip, slow flip, and ground up construction loans.

Private Lending | OfferMarket

Private Lending

What is a double closing?

What is an example of a double closing?

What is the difference between a double close and assignment of contract?

<br>

## What is a double closing?

<br>

A double closing is when a buyer purchases a property from a seller and then immediately sells the property to another buyer, capturing the difference as profit.

<br>

In a double close, there are two (2) separate transactions that happen in a very short period of time, in many cases on the same day.

<br>

- Transaction 1: Seller sells to Buyer (Wholesaler)
- Transaction 2: Wholesaler sells to Buyer (End Buyer)

<br>

## What is an example of a double closing?

<br>

For example, let's say Jane (Seller) accepts an offer to sell 123 Main St to Tom (Wholesaler) for $100,000. Tom, in many cases using "transactional funding", purchases the property for $100,000. On the same day, Tom sells 123 Main St to Mike (End Buyer) a local flipper, for $120,000. Tom's gross profit is $20,000 and his profit net of fees is $10,000.

<br>

## What is the difference between a double close and assignment of contract?

<br>

In an [assignment of contract](https://www.offermarket.us/real-estate-glossary/assignment-of-contract) wholesale transaction,  the wholesaler ("Assignor") is technically selling the contract to another person or entity ("Assignee") who takes over responsibility to close the transaction with the seller.

<br>

An assignment agreement is used to memorialize the fact that the Assignee is taking over the role of buyer and paying an assignment fee to the Assignor. The assignment fee is commonly paid to the Assignor at closing, and included on the [HUD-1 settlement statement](https://www.offermarket.us/real-estate-glossary/hud-1).

<br>

In this type of wholesale transaction, there is only one transaction and the seller may not be aware that the original buyer (Wholesaler) is assigning the contract for a fee. [Contract Of Sale](https://www.offermarket.us/real-estate-glossary/contract-of-sale) (otherwise known as "Purchase And Sale Agreement" or "Purchase Contract") are assignable by default and sellers who wish to avoid assignment are required to stipulate this in the contract.

<br>

A double closing occurs when a buyer purchases and immediately sells a property to another buyer, capturing the profit difference in the process.

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Double Closing

What is a double closing?

* Takes 2 minutes, no credit pull