July 8, 2019Selling your rental property can be a complicated process. Selling a home is difficult enough, but when you are selling a rental property, you are subject to a wide range of tenant laws that can be difficult for anyone to navigate. And unfortunately, any mistakes during this process can be exceedingly expensive for rental property owners. You can simplify the process and sell your rental property faster by following the rules and working with professionals. Here’s how:
1. Know The Law One of the biggest mistakes that rental property owners make is not knowing the law when they are selling their real estate property. For example, Washington, DC laws require rental property owners to offer their property to their tenants first in any potential sale scenario. Failing to do so can lead to significant fines and a long delay in the actual sale. Make sure that you understand real estate law and tenant law in your locality so that you don’t make critical mistakes that can cost you money and delay the sale.
2. Work With Your Tenants Working with your tenants can make the sale process much easier. You’ll want to be able to show prospective buyers the property, and your tenants will have to work with you on that. Be upfront with your tenants about the intended sale. You can make their lives easier by offering to pay for repairs or offering up gift cards for their time when you need to show the property.
3. Fix Up The Property This should go without saying, but you’ll need to make repairs in order to ensure that you can maximize the value of your property. That means fixing appliances, flooring, and ensuring that the landscaping in the front and back of the home is presentable.
4. Prioritize Showing The Home To Investors Showing your home to investors is a good use of your time. Investors are better able to see the value in the property, especially if it is tenant occupied and will be producing cash as soon as they finalize the purchase. Investors are more likely to act quickly when they find a deal to their liking, and they have a better idea of what they are looking for in a property as well. Don’t want to go through the hassle of selling your rental property with a real estate agent and a lawyer? You’ve got good news–4 Brothers Buy Houses is prepared to purchase your rental property immediately. That means you don’t have to worry about repairs, remodels, or spending money on your property’s curb appeal. You don’t have to stress about how to sell with your tenants still occupying the property either. We’ll give you a free, no obligation quote on your home when you are ready to get started. Our goal is to make selling your rental property a friction-free process.
July 8, 2019If you are looking to sell your Washington, DC property, you are making the move at the right time. The Washington, DC market is high on demand and low on housing supply, which means that sellers are often able to dictate prices. This means that homeowners have more leverage than they would in most markets. Because there are so many prospective buyers waiting for a property in DC to come to the market, most sellers can find a buyer in a few months, or even as quickly as a few weeks. Here is how you can sell your Washington, DC property fast.
Work With An Agent To Get Exposure And Online Listings The first step to selling your property is to get exposure. If your property isn’t listed and prospective buyers can’t find it online, then you won’t be able to sell as quickly as you’d like to. The easiest way for most sellers to do this is by working with a real estate agent who understands how to navigate the process. Your real estate agent will help you assess the market value of your home and work with you to find qualified buyers who can purchase the home as quickly as possible.
Handle Repairs and Aesthetic Fixes When you are looking to buy a home, you remember the properties that really catch your eye with curb appeal. If your property is in need of repairs or landscaping, you want to handle those issues before you bring your property to the market. This doesn’t mean that you have to remodel your entire home, but you want to ensure that your property looks clean and presentable and that the front yard shrubbery is cut and trimmed neatly.
Let Professionals Negotiate On Your Behalf When you have a prospective buyer who has indicated interest in your property, it can be tempted to try and negotiate with them on your own in an effort to speed up the process. Don’t do it! Instead, leave the negotiating to your real estate agent or lawyer. Selling a home is a complicated process, and making a misstep can cost you time and a serious amount of money. Don’t take the risk–instead, let the professionals who have experience navigating the rules and regulations handle your negotiations. There is another option for Washington, DC homeowners who are interested in selling their property quickly. Instead of hiring a real estate agent, a lawyer, and spending weeks or months looking for a qualified buyer, you can sell your property immediately to 4 Brothers Buy Houses. We make it easy for homeowners by purchasing their properties immediately without all the traditional hassles of the process. If you are interested in selling your property, we can give you a free, no-obligation quote whenever you’d like. Stop worrying about how you are going to afford repairs to your property. Let 4 Brothers Buy Houses make your next sale a breeze.
May 10, 2019
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
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
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
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.
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
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
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 home 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
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
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
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
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
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
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
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
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 way prospective 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
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
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/