Highlights
- Buyers must have a valid Firearm Owner's Identification (FOID) card to buy guns in Chicago.
- Although not required, conduct the sale through an FFL dealer for convenience and safety.
- Maintain and clean your gun thoroughly to get the best of its value.
- If you want a hassle-free selling experience, sell your gun to Cash for Arms.
1. Know the Gun Sale Laws in Chicago, Illinois
Preemption Laws
Illinois has state preemption laws, granting the state government exclusive control over gun regulations.
This means that Chicago will follow the state law.
Private Sales
Private gun sales are legal in Chicago, Illinois. However, buyers must have a Firearm Owner’s Identification (FOID) card.
You may choose to conduct the sale through a licensed dealer (this is highly recommended) or verify the validity of the buyer’s FOID by contacting the state police.
If you choose to contact the state police, you must fill out an online form in their portal. Wait for their approval before transferring the gun to the buyer.
The approval of the state police is valid for 30 days.
Purchase Permits
A Firearm Owner's Identification (FOID) card is mandatory for buying guns and ammunition in Chicago, Illinois. However, there are exceptions, such as law enforcement personnel.
Background Checks on Private Sales
Before a buyer buys a gun, they must have a valid FOID card. A background check is required before they get one.
So, background checks have already been done on buyers holding a valid FOID card. You don’t have to conduct a separate background check anymore.
However, if you choose to sell through a licensed dealer, they must conduct a background check on the buyer per federal law. This can be an added security.
Minimum Age
Buyers must be at least 21 years old to qualify for FOID.
Required IDs From the Buyer
Buyers must present a valid FOID card together with either a driver’s license or state ID to buy guns in Chicago.
Reporting the Sale of a Gun
Per state law, it’s the buyer who’s required to report the sale to a licensed gun dealer within 10 days. All you need to do is maintain a record of the transaction for 10 years.
That’s why many private sellers conduct the sale at a licensed gun dealer shop for convenience. This way, you can easily get a copy of the transaction. Plus, the buyer can report it to the dealer right away.
The dealer might charge a fee of not more than $25 for this. Before conducting the sale, you must talk with the buyer and decide who’ll pay the fee.
Red Flag Laws
The Firearms Restraining Order Act allows the temporary removal of guns from individuals deemed dangerous to themselves or others.
You don’t have to worry about this since buyers can’t have a FOID card if they’re flagged under this act. They won’t pass the required background check.
Waiting Period
All gun purchases in Chicago have a mandatory 72-hour waiting period, starting when you and the buyer agree on the purchase.
Transaction Limits
Chicago doesn't impose specific limits on the number of guns a buyer can buy.
However, be careful when selling multiple guns at one time. Law enforcement might think you’re engaged in the business of dealing in guns and must be licensed.
Banned Assault Weapons
The Protect Illinois Communities Act, effective January 2023, bans assault weapons and high-capacity magazines (more than 10 rounds for long guns; 15 rounds for handguns).
If you owned an assault weapon listed in the act before it took effect, you must submit an endorsement affidavit through your FOID account by January 1, 2024.
However, you can’t sell an assault weapon anymore after the act took effect, even with the endorsement affidavit.
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Cash for Arms will do the heavy lifting for you and make you a market-based, no-obligation cash offer for your guns in Chicago.
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2. Prepare Your Gun for Selling
Clean Your Gun Thoroughly
Cleaning your gun is crucial before selling. A clean gun looks more appealing to potential buyers. It also demonstrates that you've taken good care of the gun and can boost its value.
A thoroughly cleaned “fairly-used” gun can pass for a “good” condition.
Use appropriate cleaning supplies for your specific type of gun. Pay attention to both the exterior and interior parts of the gun.
Nowadays, many YouTube videos can help you with everything from cleaning handguns to AK long guns. If you think you can’t do it or are too afraid to do it because you might end up messing up your gun instead, try finding professional services in your area.
Know the Market Value of Your Gun
Research the current market value of your gun model. Check online marketplaces and gun shops to get an idea of the going rate.
You’ll eventually get an idea of your gun's market value range. The technique here is to price your gun near the top range to still have room for negotiations.
However, you still need to consider factors like your gun's condition, age, and any modifications you've made. Trying to price a Sig Sauer P226 well above a grand in poor condition might only backfire.
The bottom line is to be realistic about your pricing. Overpricing might deter potential buyers, while underpricing could lead to unnecessary financial loss.
Find All Necessary Documentation and Accessories
Gather all relevant paperwork for your gun. This may include the original receipt, warranty information, and maintenance records.
Include any accessories that came with the gun, such as extra magazines or a carrying case.
Complete documentation and accessories can increase the value of your gun and show potential buyers that you're a responsible gun owner, potentially attracting more serious buyers.
3. Choose Where to Sell Your Gun in Chicago, Illinois
Federal Firearm License Dealers
Selling to a Federal Firearms License (FFL) dealer is a popular and secure option in Chicago. These businesses are licensed to buy and sell guns.
Cash for Arms is an FFL dealer specializing in buying used guns from individuals, such as you. We offer quick transactions and immediate payment with some of the top prices.
Other FFL dealers in Chicago include gun shops, pawn shops, and dealers at gun shows.
Some local gun shops may buy used guns. However, it’s wise to call them ahead to avoid wasting time driving to their shop only to get told that they don’t buy your gun.
Pawn shops with FFLs also buy guns. However, many of them have low offers. They typically offer between 40-60% of your gun’s market value.
Gun shows provide an opportunity to meet multiple FFL dealers and gun enthusiasts in one location. However, they only happen occasionally. If you’re planning to sell your gun right away, this might not be a good option for you.
Private Sales
Private sales can often offer the flexibility of pricing your gun. It’s unlike local FFL dealers who might have a fixed offer (you can still try to negotiate, though).
You can reach potential buyers through online platforms or local gun enthusiast communities. Remember to follow all legal requirements for private sales in Chicago (refer to step 1).
Be cautious when meeting with private buyers. Always meet in a safe, public location and follow best practices for personal safety during transactions.
In fact, meet at an FFL dealer shop and conduct the sale there for convenience and safety.
4. Close the Sale
Always use a bill of sale when transferring ownership of a gun. This document protects both you and the seller. It should include details about the gun, the sale price, the date of the transaction, and other information about both parties.
The bill of sale should include the gun's make, model, and serial number (ghost guns are now banned).
Both parties should sign and date the document. Keep a copy for your records, and give one to the buyer as well.
Choosing Cash for Arms
If you choose to sell to Cash for Arms, you’re in good hands! Here are some of the highlights of why you should sell your used gun to us:
- We buy all types of guns, from handguns to rifles and shotguns.
- Our team consists of gun experts who can accurately value your gun.
- We guarantee the best price and have immediate cash payment.
- We handle all the necessary paperwork, ensuring a legal and hassle-free transaction.
Our Three-Step Selling Process
- Visit our website to submit your gun details. We’ll provide an offer based on the information you provide.
- Once you accept our offer, ship your gun to us. We provide a free shipping label!
- After we’ve received your gun, we’ll do a thorough inspection of it. Once it passes, we’ll pay you right away.
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Ready to Sell Your Gun in Chicago Now?
If you’re ready to sell your gun in Chicago right now, Cash for Arms is here to help you through and through!
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Conclusion
Selling a gun in Chicago requires careful attention to legal requirements and safety considerations. Always verify the buyer's FOID card and follow state regulations. Prepare your gun properly and choose a selling method that suits your needs.
Whether you choose an FFL dealer or a private sale, always follow best practices for gun transactions.
If you prefer to sell your gun hassle-free in Chicago, sell it to Cash for Arms. You can contact us at (904) 977-5477.