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REAL Law Group

Did You Get a Cash Offer for Your Home?

Call us to review it before you sign it. An Illinois real estate attorney will read the contract and tell you exactly where you stand.

Cash Home Buyers Are Active Across Chicagoland

Companies that buy houses directly from homeowners are making offers throughout the Chicago area every day. Selling to one of them can be a perfectly reasonable choice: the sale is fast, the home sells as-is, and there is no listing process.

But the purchase agreement you are asked to sign was written by the buyer, for the buyer. Once you sign it, you are bound by every term it contains, including the ones you did not notice. A contract review before you sign is the cheapest protection you will ever buy in a real estate transaction.

Did you get an offer from Grandview Homes?

If Grandview Homes has sent you a written cash offer for your house, have an attorney read the full purchase agreement before you sign anything.

Did you get an offer from Kendall Partners?

If Kendall Partners has made you an offer, the contract behind it was prepared by the buyer. Know exactly what it says before you commit.

Did you get an offer from Big Door Home Buyers?

If Big Door Home Buyers has offered to purchase your home, an attorney review tells you what you are agreeing to and what you will actually walk away with.

Call us to review it before you sign it.

(630) 299-7600

What We Check Before You Sign

When you bring us a cash offer, we review the entire agreement and walk you through it in plain English. In particular, we look at:

The purchase price versus your actual net proceeds at closing
Assignment clauses that let the buyer transfer your contract to someone else
Inspection terms and who has the right to cancel, and when
Earnest money: how much is deposited and who holds it
As-is language, repair credits, and post-inspection renegotiation
The closing date, possession terms, and any leaseback provisions
Fees, credits, and deductions taken out at the closing table
Whether the contract includes an attorney review and modification period

You May Only Get One Chance to Fix the Contract

Many standard Illinois residential contracts include an attorney review period, typically five business days, during which your attorney can propose changes or disapprove the deal. A cash buyer's own purchase agreement only contains the protections that are actually written into it. Do not assume a protection exists because it usually does.

The safest time to involve an attorney is before your signature goes on the page. If you have already signed, call us immediately: if your contract includes a review window, we may still be able to modify the terms, but that window closes fast.

Frequently Asked Questions

Not necessarily. Selling to a cash buyer is a legitimate option, and for some sellers the speed and convenience are worth it. The key is understanding exactly what the contract says, what you will net after every deduction, and whether the terms are fair before you are legally bound by them.
Pay close attention to the net amount you will receive after all fees and credits, any clause that lets the buyer assign the contract to another party, the earnest money terms, who can cancel and under what conditions, and the closing timeline. These contracts are prepared by the buyer, so the default terms tend to favor the buyer.
We handle residential contract review on a flat-fee basis, and the initial phone call is free. Call (630) 299-7600 and we will explain the process and the cost before you commit to anything.
Call us right away. Many Illinois residential contracts include an attorney review period, typically five business days, during which your attorney can propose modifications or disapprove the contract. Whether you have that window depends on the language in your specific contract, so time matters.

Is there a cash offer sitting on your kitchen table?

Call (630) 299-7600 before you sign it. We will review the contract, explain exactly what it says, and tell you what you would actually walk away with.

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