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May 10, 2019

How To Get Out From Under A Mortgage

When you sign a mortgage, you are making a long term commitment. That commitment is legally binding and often lasts 25 to 30 years. Signing a mortgage means coming to an agreement with a lender, and then abiding by those terms for the length of the loan. Unfortunately, life circumstances change, as do market conditions. This can leave homeowners underwater and in need of help getting out of their mortgage. There are several different ways that homeowners can get out of their mortgage contract. Here are the options:    

Rent The Property Out

Renting the property out can give you immediate cash flow that covers your mortgage payments. This may be an option if you have another place to live while you collect rent. If rental demand for properties like your own is high, then you may be able to charge enough to sort out your financial problems over the long term. You should talk with a financial professional to see if this route is feasible for you.    

Conduct A Short Sale

If you are underwater, you can see if your bank will accept an amount that is lower than the outstanding loan balance. A short sale will ding your credit score, but it gives you more flexibility over handling the sale and that makes it more likely that you’ll be able to find a buyer. There is still the possibility that the bank will decline this option, or still try to collect the difference between the final sale price and the mortgage value from you.    

Walk Away From The Mortgage

This is the most damaging option from a credit perspective. Walking away from a mortgage will do serious harm to your credit score and make it difficult to purchase another home for nearly a decade. However, some homeowners who are dealing with mortgage issues simply stop making mortgage payments and leave the property.    

Deed Your Property To The Bank

This option allows homeowners to avoid foreclosure. It is technically called “deed in lieu,” a process in which your lender will forgive the amount owed on your mortgage in exchange for the deed to the property. The lender makes this money back by selling the home afterward.    

Sell Your Home For Cash

When you are having issues with your mortgage, selling your home can be a frustrating process. It doesn’t have to be. If you need to get out from under a mortgage, then 4 Brothers Buy Homes can help. We specialize in helping Capitol Heights, MD residents sell their homes quickly, even when they are behind on their mortgage payments. You don’t have to walk away from your mortgage or rent the property out. 4 Brothers Buy Homes will purchase your property for cash, giving you a way out from your mortgage. You can call today and get a free, no obligation estimate for your property.
May 10, 2019

5 Steps For Selling Your Maryland Home

Interested in selling your Maryland home? We’ve got all of the tips that you need in order to sell your home for the price that you want. The traditional property sale process is fairly long, and you’ll want to make sure that you have professional help along the way. Hiring a real estate agent is probably your best bet, as they understand the local market and know how to get your property more exposure on the web. Here are five steps to follow when selling your Maryland home:    

1. Start By Finding a Real Estate Agent

It may be tempting to sell your home without a real estate agent, but it isn’t a good idea. Without a real estate agent, you won’t have to pay commission. But you’ll likely lose money by reaching fewer prospective buyers and getting fewer offers. That means the offers you do get likely aren’t going to be what you are looking for. Check out some online reviews and start searching for a real estate agent who fits your needs.    

2. Determine Your Home’s Fair Market Value And Set Your Expectations

You won’t be able to sell your home if your expectations are out of sync with the market. Work with your real estate agent to establish what a fair market for the home is. You may need to do some repairs or improve the curb appeal in order to achieve that value.    

3. Make Sure You Understand The Listing Agreement

Your listing agreement describes your real estate agent’s responsibilities to you and to your property. Check to see what the commission percentage charge is as well. Generally, you can expect to pay 5-8%.    

4. Getting The Agreement Of Sale Right

Your agreement of sale governs the actual transaction. It specifies critical items such as the total deposit money, which repairs are necessary to complete the sale, and who pays for fees and local taxes. It also determines what happens if you need to back out of the deal, so pay attention here.    

5. Handling Closing

During the closing, you are probably going to want to be represented by an attorney with a background in real estate. Closing can be complex and you don’t want to make a decision on a legal issue that you don’t completely understand.    

6. The Bonus Step — You Can Avoid All Of This By Selling Your Home Cash

The good news is that if you are looking to sell your Maryland home, you can avoid all of these issues by simply selling your property to 4 Brothers Buy Houses. 4 Brothers Buy Houses specialize in buying homes in Silver Spring, MD, and we’d be happy to provide you with a free, no obligation quote. You can bypass everything from having to find a real estate agent to handling appraisals and listing agreements. Get fair market value for your home without the hassle of dealing with showing your property off to prospective buyers or dealing with attorneys during the closing process. Call 4 Brothers Buy Homes today.
May 10, 2019

Should You Trust Those “We Buy Houses Cash” Signs?

We’ve all seen them–the “We Buy Homes Cash” signs at suburban intersections. When you see one, you might think about the possibility of getting out of your mortgage, or what you’d do without the responsibility of being a homeowner any longer. Maybe selling your home will help you to get out of debt or pay off some bills. You may be interested, but you aren’t totally sure if those signs are legitimate. After all, isn’t selling a home supposed to be a long and difficult process that takes months or even years to complete? How could someone buy your home for cash just like that? The answer is that a significant portion of these companies are legitimate and will buy your property from you without any hassles. Here what you can expect from a company that buys homes for cash:    

How Do “Cash For Homes” Companies Operate?

Companies that buy homes for cash are often looking for properties that may need a little bit of work. Perhaps the property needs a few repairs that the homeowner can’t afford. The home buying company will expedite the purchase of the property and make an offer after a showing. The seller can agree (or decline) the offer and move on to the buyer’s contract stage. This process happens in just days or weeks instead of the months or years that it takes to complete the traditional property sale. There’s also no need for real estate agents, real estate attorneys, or cutting commission checks.    

How To Know If You Are A Good Candidate To Sell Your Home For Cash

A number of different types of homeowners may want to quickly sell their home for cash. You may inherit a home that you have no intention of living in, or you may own a home that needs repairs that you can’t afford. Maybe you are going through a divorce and want to sell, or have debts or bills that need to be paid in the near term. If you are frustrated with traditional property sale process or in need of cash quickly, then you may want to think about selling homes for cash.    

Avoiding Scams

There is always that possibility that the company behind the sign is a scam, or that there is no company behind the sign at all. That is why it is important to do online research before going into business with cash for homes company. Look for online reviews from multiple sources. You’ll also want to see if the company is registered with the state or if there are legal complaints pending. If you can’t find any information on the business, or if the only information that you find are negative complaints, then the company is likely one you want to avoid.   Thinking about selling your Maryland home for cash? 4 Brothers Buy Houses may be the right fit for you. We help Maryland families sell their homes for cash so that they can take the next step in their lives. Going through the traditional property sale process can be frustrating. It can be a long time between listing and closing, and you’ll have to keep making mortgage payments as you look for a buyer. Selling your property to 4 Brothers Buy Houses helps you avoid all of that. Sell your home immediately and get the fair value that you deserve.
May 10, 2019

The Truth About “we buy houses” Review Sites

Looking online for reviews of businesses that buy homes for cash? Watch out for websites that don’t provide the full picture. A large percentage of these websites are not actually providing reviews but paid advertisements for specific companies. These companies are trying to steer web traffic in their direction or take a shot at their competitors. Sometimes these review websites are simply a front to make a certain company look better. It is important for you to really read each review and determine if these are real people leaving ratings. There are people out there who actually make full-time money leaving good reviews for companies online! Here’s why you should be a bit skeptical of those online review sites:    

Not All “We buy houses” Review Sites Are Telling The Full Truth

Have you ever read a company’s reviews and felt that the people behind the screen weren’t real. Unfortunately, that is the case all too often. Not all review sites are telling the truth, and marketers make good money crafting a company’s image online with reviews and social media posts. If the reviews sound too good to be true, or there is a lack of authenticity, that’s a red flag.    

Many Review Sites Are Actually Paid, Advertisers

Businesses want to have a positive reputation online, and they’re willing to pay for it. That is why there is a sizable market that has popped up for generating fake reviews for company products and services. If a review site seems to favor one real estate company while constantly criticizing others, it is likely to be a front for paid advertising.    

Evaluate Each Site And Each Cash Buyer On The Merits

Not all review sites are compromised–there are a few out there that truly measure the experience that consumers had with a company. But when it comes to real estate businesses, you want to be absolutely sure you are getting accurate information. After all, buying and selling homes is a long and expensive process. You should evaluate each review site and each cash buyer business on their own merits. A good method is to not rely on anyone single website. Instead, use a multitude of sources to come to an informed conclusion.     It is important to remember that not all review sites have your best interests at heart. Often, these “we buy houses” review sites are actually paid advertisers who are well compensated to push homeowners in a specific direction. You want to make sure that the review sites that you visit are objective, it is important to check up on the reputation of the site around the web before trusting the information provided. At 4 Brothers Buy Houses, you can have full confidence in the quality of our service. We have a testimonials page with real homeowners who have sold their properties to us. You can watch videos describing how 4 Brothers Buy Houses approach the process and how we make homeowners feel comfortable and informed when deciding on whether to sell their homes. If you are interested in selling your home, check with 4 Brothers Buy Houses to get a no-obligation quote.
May 10, 2019

How To Sell Your Rental Property

Have a rental property that you are looking to sell? This is a process that can be a bit more difficult than selling a home traditionally. When selling a rental property, you have to decide a few things: whether you want to sell to an investor, how you are going to calculate projected rental income, and whether you are going to have the tenant stay in the property during the process. Fortunately, there are ways that you can make the process of selling a rental property a bit easier. Here is how you can get started:    

Learn How To Conduct Showings For A Renter-Occupied Property

During the process of selling your rental property, you are probably going to have a tenant still occupying the premise. This can make showing the home difficult. You want to work with your tenant so that you can show the home to prospective buyers when you need to. That means offering incentives for your tenant to make their lives easier during the sale. You may want to offer gift cards for a local restaurant so that your tenant can leave the home during showings–you want your prospective buyer to have unfettered access. You also may want to think about hiring a cleaning service to keep the property looking tidy as well. This reduces the amount of work your tenant has to do and builds some good will.    

Consider Selling To Other Real Estate Investors Or Even Your Tenant

Selling to real estate investors is often preferable because they understand the full value of the property and know what they are looking for. They may also buy with a tenant in a property. A tenant also may be interested in buying the home, and if they have steady cash flow and good credit, they may be a good candidate. If they can get pre-approved for a loan, then you may be able to sell quickly.    

Calculate Projected Rental Income For Prospective Buyers

Prospective buyers are often investors who want to know how much they can expect to make from the property. Most rental property owners provide prospective buyers with a 10-year projection of the property’s rental value. However, some are only concerned that they rent payment will cover the mortgage. So make sure to find out what each investor is looking for.    

Having The Tenant Stay In The Property Could Make The Sale Easier

When your tenant stays in the property, a buyer will be getting cash flow from day one. It will also allow you to continue getting rent checks until the deal is closed and finalized. Keeping a good tenant in place is often the most preferable option. If you want to sell your rental property quickly, without having to go through the process of calculating projected rental income for prospective buyers or conducting showings while your tenant occupies the home, then you may want to consider selling to 4 Brothers Buy Houses. 4 Brothers Buy Houses buy rental properties and can give you a free, no obligation quote on your property immediately. You don’t have to think about expensive repairs or spending money to improve your home’s curb appeal. Avoid the hassle and frustration that comes with selling a rental property by selling to 4 Brothers Buy Houses for cash.
April 25, 2019

How To Avoid Costly Home Repairs

Taking care of your home can help you avoid expensive repairs down the line. If you avoid handling maintenance issues on your property, those issues can balloon into major problems that you’ll have to address immediately, at a much higher price. Obviously, it is impossible to predict every home repair that you are going to need. But you can cut down on repair costs significantly by keeping track of important systems. Major repairs to your roof or your foundation can easily cost you thousands of dollars. Here are a few ways that you can avoid those costly home repairs.

Check Your Roof Bi­annually

Checking your roof every six months or so will help to prevent you from potentially expensive repairs. You want to find small leaks or issues with shingles before they become major problems. For instance, a small leak can grow into a large one which damages your home’s attic or insulation. These leaks can also leak to the growth of mold, and even structural damage throughout your property.

Keep Track Of Your Drainage

Foundation problems can easily cost thousands of dollars to fix. The majority of foundation issues come from water that is continually seeping into the soil, which can crack or split the foundation over long periods of time. Make sure that your drainage isn’t clogged and that water is not pooling close to your home’s foundation. Gutter extensions are worth getting to prevent foundation damage!

Don’t Forget Your HVAC Systems

Your heating, ventilation, and air conditioning systems are critically important to your home and your comfort level when you and your family are inside. This system can cost several thousand dollars to replace, and several hundred to repair. Check your filters on a regular basis and look for coolant leaks. Also, watch out for an accumulation of dust near the air conditioning coils.

Old Pipes Can Cause Costly Backups

When sewer pipes get clogged, they can cause an expensive backup that can cost several thousand dollars to fix. The older the pipes, the more likely they are to have issues with clogging. We advise having a plumber come by and inspect your sewer lines about once every year or so. This doesn’t cost much and can help prevent serious clogging problems.

Check For Termites

Termites are pests that can cause serious structural damage to your home. Termites eat wood and can be extremely difficult to get rid of once they’ve created a nest. Check for wood that buckles or floors that seem swollen. Some termites nests may smell similar to mold. The best way to prevent a termite infestation is to hire a professional inspector who checks your property. This can be done every year or two. Remember, the longer you wait, the more expensive the repair becomes. 4 Brothers Buy Houses will buy your home as­is. We give fair offers to homeowners who want to sell their house quickly without the hassle of going through the traditional property sale process. If you are looking to sell your Temple Hills, MD house fast without the need for the escrow period, the open house process, or expensive home repairs, then you may be interested in selling to 4 Brothers Buy Homes. Call us today and get a no obligation free quote. 202­780­9793
April 25, 2019

What Should You Look For In A Real Estate Agent?

Choosing a real estate agent is one of the most important decisions that you are going to make during the process of selling your home. There are a number of complexities to this process, and choosing a bad agent can cost you an unreasonable amount of time and money. When interviewing prospective real estate agents, you want to come into the process with an idea of the kind of person you are looking for. A good rule of thumb is to think about the traits that you want in a real estate agent early on. Let’s take a look at some of the traits that good real estate agents possess.

Honesty And Ethics Are Key

When choosing a real estate agent, remember that you are picking someone that you will have to trust with vital information. They are going to have to know everything about your home, and you are also going to need them to negotiate on your behalf. Would you want to choose an agent who doesn’t value honesty and ethics? Imagine a real estate agent who doesn’t even bother to tell you about the best offer on the property. Or a real estate agent who purposefully makes a deal fall through. Check with previous clients to ensure that your real estate agent is someone who is worthy of your trust.

You Want Someone Who Listens To Your Needs

Every home sale is different, and each homeowner has their own specific needs. That is why it is critical that you choose an agent who is focused on your particular situation. Choosing a good listener will help minimize some of the other problems that can arise in the process because your real estate agent will already know what you are looking for in the sale. They’ll be able to create a plan based on your specific criteria.

Look For A Communicator and Negotiator

At the end of the day, selling properties is about communication and negotiation. Your real estate agent has to know when they are pushing too hard, and how to approach certain situations with finesse. A good negotiator will save you time, effort, and money while keeping you updated throughout the process. Let your real estate agent know up front that you expect regular communication, and detail how that communication will take place (via phone, email, text message, etc.). You definitely don’t want an agent who you can’t get in touch with when you need to speak with them. If you want to skip the process of looking for a real estate agent, and showing your home, then you may want to consider selling your property to 4 Brothers Buy Houses. You can sell your house fast in Silver Spring, MD and avoid the traditional complexities of selling a property such as escrow periods, expensive home repairs, and showing your home to dozens of prospective buyers. Get your no-obligation quote from 4 Brothers Buy Houses by clicking here.
April 25, 2019

5 Ways To Increase Your Home’s Curb Appeal

When a prospective buyer pulls up to your home, the first thing they are looking for is curb appeal. If your home doesn’t have curb appeal, then the prospective buyer is likely to move on without asking about a showing. Think of it this way­­prospective buyers want to feel happy and proud when they park their car in the driveway. They want to envision themselves living in this house. If the yard is unkempt, or the exterior furniture is dirty or out of place, then your home isn’t going to give the best first impression. When it comes to selling your home, potential buyers are going to judge the book by its cover. Here are 5 ways you can improve your home’s curb appeal.

1. Focus On The Lawn

How is the condition of your lawn? Are there bushes and shrubs that look out of place? Are leaves covering the lawn? Are weeds growing out of control? The key to improving your property’s curb appeal is having a watered and fertilized lawn that looks vibrant.

2. Change The Paint Color Of Your Front Door

Your front door is often the first thing that people notice when they take a look at your property. You want your front door to feel inviting and one of the best ways to do that is with a new paint job. Bold reds and different hues of blue are great options for standing out.

3. Improve Your Exterior Lighting

Remember that many prospective buyers are going to be driving by your property, and they all come by at different times. Some will come by at dusk or even when it is dark, to see what the house looks like in a different setting. Make sure that you have enough exterior light, you don’t want the porch or the yard to be dimly lit. Think about purchasing new lit fixtures.

4. Make Your Home’s Address Number Stand Out

You’d be surprised at the impression the numbers on the front of your home can make. Purchasing new numbers for your property helps it stand out and makes it easier for prospective buyers to find when they are driving through your neighborhood. You want to choose numbers that fit the color and aesthetic of your property.

5. Get Rid Of Eyesores

Having old lawn furniture in the yard or a vehicle in disrepair in the driveway can really harm your property’s curb appeal. Get rid of the junk, such as yard tools or children’s toys, or find a non­visible place to store them. You want the exterior of your home to look pristine, and a big part of that is eliminating clutter. If you want to sell your home quickly without the hassle of worrying about fixing up your property’s exterior, you may want to consider selling to 4 Brothers Buy Houses. We buy houses in District Heights, MD, and we make it easy for homeowners to quickly sell their homes without lengthy escrow periods or the need to show your property off in an open house setting. Click here to get your no-obligation quote from 4 Brothers Buy Houses. https://www.4brothersbuyhouses.com/contact­us/
April 25, 2019

4 Tips For Selling With A Renter In The House

Selling your home can be a difficult affair, even without tenants involved. You’ll need to consider maintenance and repairs, working with a real estate agent, and coordinating showings with prospective buyers. When the property being sold has a tenant involved, things can get outright complicated very quickly. Each state has its own laws regarding tenants’ legal protections, so you should evaluate state and local law before deciding on selling your property. Reviewing tenancy law with a qualified attorney is a great way to avoid a lawsuit because you weren’t aware of the current state law. Once you’ve consulted with an attorney and caught up on state tenancy law, it is time to start thinking about how you can make the process of selling your occupied property easier. Here are four tips that you can make use of to simplify the process of selling your home:

1. Coordinate With Your Tenant And Real Estate Agent

When selling your property, you’ll want to coordinate things between your hired real estate agent and your tenant. That means working around your tenant’s schedule and letting your real estate agent know that they will need advance notice before showing the property due to it having an occupant. Make sure to get a working framework between the two parties, so that your tenant and real estate agent know what to expect.

2. Help Your Tenant Maintain The Property Throughout The Showing Process

Your tenant already might be dealing with looking for a new place to live, and you want them to work with you throughout this process. A good way to help your tenant keep the property in prime condition is to offer cleaning services that you pay for. Paying for yard service and interior cleaning will improve your property’s appeal while making things easier for your tenant. Or you can even offer them compensation for keeping it up while you try to sell it.

3. Make Sure Your Tenant Isn’t On The Property During Showings

Prospective buyers don’t want to feel the pressure of the current resident following them around during showings. They will need to move freely through the property during this process. You should offer your tenant a gift card for a meal at their favorite restaurant or another small perk while you are showing the property to prospective buyers.

4. Offer Assistance During Your Tenant’s Moving Process

Keep in mind that the sale of your home is a hassle for your tenants too, and they may need assistance finding a new place to live. If you can make recommendations or know local listings, offering your help may make your tenants more cooperative throughout this process. Selling your tenant occupied the property to an investor can help you avoid some of the traditional issues of selling homes with tenants. 4 Brothers Buy Houses will buy your Kensington, MD home without the need for an inspection or an open house. You can finalize the sale of your home in just days instead of waiting for weeks or months to complete the process. We make it easy to sell your tenant occupied rental. Click here for information on how we buy rental properties: https://www.4brothersbuyhouses.com/we­buy­rental­properties/
April 25, 2019

How To Sell Your Inherited House

Inheriting a home can be both a gift and a challenge. The gift is acquiring a new asset, but the challenge can be determining what to do with it. If you don’t want to move into the property or rent it out, then you are probably looking to sell the home. Selling an inherited home is often a serious time commitment, and you’ll need to be mindful of certain obstacles and potential problems that you want to avoid.

Figure Out Who The Heir Of The Property Is

One of the biggest issues with inherited homes is figuring out who is the heir and rightful owner of the property title. In some cases, the previous owner had a will where the new ownership was legally defined. In other cases, multiple heirs may all make legal claims to the property. Most real estate professionals advise talking with an attorney to resolve heirship and title questions. The sale can only begin once those questions are answered.

Don’t Forget Maintenance And Insurance

After taking control of the property, you’ll need to make sure you have a vacant home insurance policy to protect yourself legally. You’ll also need to make sure you keep up interior and exterior maintenance, handle any necessary repairs and pay the necessary property taxes.

Have Your Home Appraised

In order to conduct the sale of your home, you’ll need to figure out its fair market value. You may work with an appraiser, but the truth is that the home is worth whatever someone is willing to pay for it. More homeowners are opting to sell to investors in order to receive cash quickly and avoid the lengthy process of handling repairs, massive updates, or going through open houses.

You Still Need To Pay Taxes After The Sale

Sold your inherited home? Congratulations! You still need to pay taxes on the proceeds. Individuals who sell a home after inheriting it are able to benefit from what is called the stepped­up tax basis. This means that the beneficiary’s pay less in capital gains tax. If you want to read more about this, here is a good article https://www.realtor.com/advice/sell/profits­sale­inherit­a­house/

Unconsidered Variables

There is a wide range of other variables that you will need to consider when inheriting a home. There could be liens on the property that you didn’t know about, or there could be errors or mistakes in the local public records. You may discover that the previous owner had a will or an heir that were previously unknown to you. It is important to recognize that these variables, however unlikely, could occur and complicate the selling process. If you are looking to sell an inherited home quickly without unnecessary stress and frustration, click here to get a free, no-obligation quote from 4 Brothers Buy Houses. We buy houses in Woodbridge, VA, and we help homeowners sell their properties quickly without issues such as requests for repairs, long escrow periods, or open houses. We make sure homeowners who want to sell quickly get a fair price and avoid the traditional hassles that come with selling their property. Here is a bit more information on how 4 Brothers Buys Houses, can buy your inherited home. https://www.4brothersbuyhouses.com/we­buy­inherited­houses/