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November 18, 2019If you have bought or sold a home in the past five years, then the odds are you have heard of the minimalist trend. Minimalist homes are on the rise, and that trend shows no sign of stopping, thanks to millennials. While previous generations placed a premium on their properties having a cozy, warm, feeling, newer generations are attracted to open air designs that lack clutter. Let’s talk a little bit more about what the minimalist trend is and how you can use it to maximize your property’s value.
What Is A Minimalist Home?A minimalist home is one that doesn’t have any clutter. The designs are nearly all open, with a bevy of available space. The rooms in the home aren’t excessively furnished. Instead, the interior design prioritizes function and airiness. The minimalist look is sometimes called “sleek” or “modern.” It is sometimes characterized as “futuristic” as well. These homes get rid of all of the unnecessary furniture and clutter to focus on what is most important. Not all properties are minimalist, of course. These types of homes are most likely to be found in and around major metro areas. That’s where millennials tend to cluster, and those are the demographics buying these homes and driving these trends.
Minimalist Homes Are A Favorite Of MillennialsMillennials are entering the home buying market in huge numbers, so the trends that they prioritize are important. If you are selling your property, you need to be aware of what millennials like. Millennials are more likely to be purchasing homes in major cities and the extended suburbs. Cities like Washington, DC, San Francisco, and New York City are all millennial hot spots. If your property is in any of those metro areas, then you may need to start considering how you can apply the minimalist look to your home.
How To Give Your Property The Minimalist Look Before Putting It On The MarketThe first step to giving your property a minimalist makeover is to declutter all of your spaces. Get rid of unnecessary furniture and even limit the artwork on display. Minimalist homes often use neutral colorways, such as grey, white, and beige. Make sure that the furniture fits with the shape of each room. Think redesigning your home to fit the minimalist look is too much work? If you don’t want to spare the expense of adding a minimalist aesthetic to your property, don’t fret. Just call 4 Brothers Buy Houses. 4 Brothers Buy Houses will provide you with a free, no obligation quote so you can see what your house is truly worth. You can sell your property on your own terms, without going through the long and arduous process most real estate agents take sellers through. Give us a call today and we’ll help you get started.
November 14, 2019So you’ve decided to sell your property. That is a big decision! You’re convinced that it is the right time to sell, and that you can get your asking price on the open market. What you aren’t sure about is whether or not to move out of your property while you are going through with the sale. This can be one of the hardest things for sellers to figure out. There are pros and cons to moving out of your property during a sale. Here are some things that you will need to talk to your real estate agent about while you consider moving out:
Staying In The Home Can Make Showcasing It DifficultThe key to selling your property is showcasing it. You want prospective buyers to see your property on a regular basis. The problem is that prospective buyers aren’t going to feel at home inside your house if you still have all of your family photos and memorabilia all over the place. Staying in your property can make it difficult to find the time to showcase the home too–you might be cooking dinner or having friends over when a buyer wants to take a look!
Moving Out Before The Sale Can Get ExpensiveObviously, the biggest reason not to move out before a sale is cost. This typically means paying one mortgage and rent at another property. You may even buy another home and be responsible for two mortgages! This cost can make it difficult to move out, and it is a big reason a lot of families choose to stay in their homes during the sale process even if it makes showcasing harder.
Real Estate Agents May Take You More Seriously If You Move OutReal estate agents are trying to sell your home on their schedule, and you may feel some pressure from them to move out. After all, they are trying to get their next commission check. You may find that real estate agents will take you more seriously and work harder for you if you move out. But you have to find the right balance for you and your family, after all, you all have to find a place to live during what can be an uncomfortable time. Not sure if you should stay or leave your home when looking to sell? Well, you don’t have to make that choice. You can sell your home to 4 Brothers Buy Houses and avoid the choice altogether. 4 Brothers Buy Houses can provide you with a free, no obligation quote. All you have to do is call and learn more about how you can get cash for your property when you want it. Forget the hassle of having to move out and find a new place. Sell your property way that makes you most comfortable.
November 8, 2019
Escrow Begins When The Seller Accepts The Buyer’s OfferOnce a seller has accepted the offer of a buyer, the next step is for the parties to go into the escrow process. After the price is agreed upon, the real estate agent will handle the escrow account. The earnest money is collected and deposited into this account. The third-party managers overseeing this account also hold onto things such as deeds, financial documents, and other real estate documents pertaining to the sale. Once the transaction is finalized and completed, the money and documents are released from escrow.
Appraisal, Inspections, And Financing Are Typically Done During The Escrow ProcessDuring the escrow process, several important things need to happen. The bank will appraise the home to make sure that its value has been properly assessed. The buyer will finalize their financing to ensure that they can actually provide the seller with the funds to purchase the home. The buyer will also conduct inspections to ensure that the home doesn’t have any serious damage. The buyer may also conduct walk-throughs during this period as well.
Deals Can Fall Apart In EscrowIt is important to understand that just because a deal goes to escrow, that doesn’t mean that it is complete. Home sales fall apart in escrow all the time. Sometimes the buyer can’t properly finance the home. Sometimes a seller didn’t disclose property damage, and that turns up in the inspection process. Sometimes–though more rarely–a bank won’t agree to financing after their appraisal finds the home is significantly overvalued. Going to escrow doesn’t mean a deal is done, and both parties should understand that fact. Interested in selling your property without having to go through the frustratingly long traditional sale process? The good news is that you have options. 4 Brothers Buy Houses is willing to purchase your property for cash, immediately. That means you don’t have to spend months renovating your house or showing it off to prospective buyers with a real estate agent. You can get the deal done on your terms and get your money when you need it. Contact us today, and we’ll provide you with a free, no obligation quote.
October 29, 2019If you purchased a home in the DC area, you are in luck. Property values continue to rise, a process which has been driven by factors such as the area’s strong school systems and job growth. Washington, DC and surrounding cities such as Bethesda, Maryland and Arlington, Virginia have the benefit of a host of local universities and strong public transportation options. Let’s take a closer look at why the DC area is in high demand, and why that is expected to continue for the foreseeable future.
1. Strong SchoolsSouthern Maryland and Northern Virginia are well-known for their strong K-12 schools. The area also has a plethora of higher education institutions, highlighted by colleges such as Georgetown and George Washington. These institutions bring, young, talented individuals to the area each year. Many of these students stay in the area after graduation, and they need a place to live. This drives up housing prices.
2. Continued Job GrowthGovernment contractors, military contractors, political consultants, and major law firms are all clustered in the DC area. Increasingly, technology firms are moving to the region. Amazon placed their second headquarters in Arlington, Virginia, and that has led to whispers that other technology companies could also make the move. Many technology companies have extensive employee needs, and their hiring needs bring more skilled workers into the region.
3. People Want To Live In The AreaEven after considering the employment and education opportunities, the DC-Maryland-Virginia area is just a very attractive place to live. The area has extensive entertainment options and great public transportation. There are professional basketball, baseball, football, and hockey teams. The area is increasingly becoming a cultural hub with museums and art shows. As the region’s attractiveness continues to increase relative to other metropolitan areas in the United States, its housing prices will also increase. A major reason for this is that the DC area has had issues with building out more housing in recent years. As long as the supply of housing lags behind the increasing demand, the prices will rise. If you are ready to sell your DC area property, then all you need to do is call 4 Brothers Buy Houses. You don’t have to go through the traditional process of hiring a real estate agent and listing your property on dozens of websites online. We would be happy to help you with the process, and you can get a free, no obligation quote anytime by simply giving us a call. Once we provide you with a quote, you can choose to move forward with the process on your own terms. We want to give DC area residents the option to sell properties when it is convenient for them even if you have tenants in the property! We are familiar with the DC rules of buying houses with tenants. Read more here. https://www.4brothersbuyhouses.com/selling-a-property-with-tenants-in-washington-d-c/
August 23, 2019Renovating your kitchen can dramatically increase your home’s value. If you are looking to sell your property, then a kitchen renovation might be key to getting that higher offer that you are looking for. When you renovate any room in your home, you want to follow a few simple rules. Obviously, you should set a budget for the project and you should know what you expect to get in terms of a financial return. But here’s everything you need to know beyond that:
Make Sure Everything Works
Make Sure There Is Enough Countertop And Storage Space
Increase The Lighting
Upgrade The Appliances
The Room Should Have Flow
How “4 Brothers Buy Houses” Helped A Couple Sell Their Inherited HomeAt 4 Brothers Buy Houses, we specialize in helping families who have inherited homes to sell. We help these people sell these properties on their terms. Inheriting a home can be a surprise, and you may not fully understand all of the responsibilities that come with owning a property. Homes come with taxes, repair costs, and other unexpected fees and expenses. Here is a story of how one Maryland area family dealt with their inherited home.
The Inherited HomeNine years ago, Phillip inherited a home from his wife’s parents. Phillip and his wife initially weren’t sure what to make of the home, which was in pretty rough shape, even though it was totally paid off. Phillip and his wife thought about selling right away but reconsidered. Phillip believed that he could turn the property around if he worked on repairing the property.
Trying To Fix The Home UpPhillip decided that he was going to work on fixing the property up himself so that he could put it on the market and make a solid return. The property was located in a solid area–Akron Street in Temple Hills, Maryland. Although the property had a good location, its condition made it extremely difficult for Phillip to maximize its value. Over the years, he sunk money and time into the property but wasn’t able to rehab it enough to put it back on the market. Even worse, the money started to feel like it was being thrown into a black hole, with no way to get any kind of return on the investment.
Selling To 4 Brothers Buy HousesAfter nine years of trying to fix the property up, Phillip’s wife finally convinced him to give it up. They were sinking an increasing amount of money into the property without a return, and it just wasn’t sustainable. Phillip had heard about 4 Brothers Buy Houses through a mailer. He called the company up and learned more about how they buy properties immediately, as is. Phillip decided to work with 4 Brothers Buy Houses because of their track record of success and professionalism. After some work on the title and closing, Phillip had finally sold the property and got cash for his investment. He and his wife could finally move on and use the money for the next phase of their lives. If you have inherited a home in the Maryland area, don’t panic! You have options. Even if the home isn’t in great shape. You don’t have to sink thousands of dollars of your own money into the property, trying to fix it up on your own time. You can sell your property to 4 Brothers Buy Houses, just like Phillip did. Give us a call today and we’ll provide you with a free, no-obligation quote for your property. You deserve to have options so that you can do what’s best for you and your family. Don’t get stuck with a property that you don’t want–contact 4 Brothers Buy Houses now.
August 20, 2019You’ve probably heard about how first impressions can leave a lasting image in someone’s mind. Research has proven that claim in the case of new people meeting each other. But it is also true when it comes to showcasing a home. The first feelings that a prospective buyer has about a home tend to be lasting ones. So if you want to create interest in your home, you need to make sure that you leave a strong first impression on buyers. Here’s how you can do just that.
Curb Appeal Is CriticalYou want the pristine exterior of your home to be the first thing that prospective buyers see. That means getting rid of dead plants, repainting the walls if necessary, installing new windows, and potentially even purchasing a new door. Lawn work is also very important–you want all of the shrubs and grass to be trimmed, and to make sure that there isn’t any eyesore lawn furniture obstructing the view.
Get Rid Of ClutterOne of the best things you can do when selling a home is to put much of your own stuff in storage. Prospective homebuyers want to imagine themselves and their own belongings in your home–they don’t want to see all of your mementos and personal photos. You want the prospective buyer to envision themselves in the home, which is extremely difficult to do if all of your personal belongings are out. You don’t have to get rid of everything in the house. Leaving some furniture there is fine. But you don’t want to leave the personal items that make the house feel like it belongs to you and your family.
Fix What’s BrokenRemember that prospective buyer may want to see how the fan works, or check out the dishwasher. The last thing you want is for there to be broken appliances in the property when you are showing it to buyers. Make sure that you go through the property and fix what isn’t working before you begin showing it to buyers. Check for the big and the small things–things like leaks and light bulbs that don’t work, and even door handles that seem a little bit lost. You definitely want to fix the big-ticket items like sinks, bathtubs, and other appliances. If you don’t want to go through the process of cleaning, repairing, or even renovating your home in order to appeal to homebuyers, then you’re not alone. It can be a long, frustrating, and expensive process after all. The good news is that you have options. You can sell your property to 4 Brothers Buy Houses immediately, without the hassle of showing your property off to multiple groups of prospective buyers. 4 Brothers Buy Houses can give you a free, no-obligation quote at any time. Call today and see how you can sell your property on your timeline.
August 16, 2019Thinking about selling your house? Each year, millions of Americans consider if they should sell their home or stay in it and continue to pay the mortgage each month. Figuring out the right time to sell can be difficult, even for the most seasoned homeowners. There are several different factors that can influence your decision, including your equity, the housing market, and even your emotional attachment to the property. Let’s take a look at how you can make the best possible decision about selling your home.
If You Have Enough EquityIf you have negative equity, selling is a bad option–it is a short sale. You want to sell when you have enough equity in your home that you actually make money on the deal. You can figure out your equity by subtracting your mortgage balance from your home’s estimated fair value. If you have a lot of equity in your home, it may be tempting to sell your property and take ahold of the cash.
You Want To Buy A More Affordable HomeMaybe you feel like your mortgage is squeezing you dry. If that is the case, you may be living a bit beyond your means. You make be looking to sell your property in order to get into a more affordable and sustainable situation. This is a pretty good reason to sell, as long as you don’t have to move so quickly that you have to take the first offer that you get.
If Your Home Value Has Increased SignificantlyIn some areas of the country, home values are increasing rapidly. That means your home could be worth much more than what you paid for it when you purchased it. This is often the case in major metro areas and their immediate suburbs. In areas such as Washington DC, New York City, and San Francisco, housing prices continue to increase as demand for land in those cities rises. You can check with a real estate professional to get a solid idea of how much your home is actually worth. Going off online sites can be misleading, so you want to work with a professional to truly figure out how much your home value has increased. Even if you like your property, you may want to sell in this case to get the extra cash you could use for investing, retirement, or personal hobbies. Decided that you are definitely selling your property? You may want to think about selling to 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your property immediately. We’ll give you a free, no-obligation quote shortly after you call. You don’t have to go through the hassle of the traditional sale process, where you have to fix your home up and show it to prospective buyers for months. Skip the open houses and real estate agent calls and get real cash for your home right away. Contact us today!
August 12, 2019If you are looking to sell your home, it is important that you understand dual agency relationships. A dual agency relationship can occur if the buyer and seller of the home each have an agent who is licensed under the same broker. This naturally presents a problem when it comes to conflict of interest. What is best for the buyer may not be what’s best for the seller, but the real estate agent, in this case, would represent both parties. In some cases, the sale is rather cut and dry and dual agency relationships aren’t a big issue. But either way, it is important to understand what that kind of relationship entails.
Dual Agency Relationships Must Be DisclosedDual agency relationships aren’t allowed in all 50 states. But the states that do allow them to require agents to disclose the relationship to both of their clients. Both parties must also accept the dual agency in order to complete the transaction. If either party declines to accept dual agency, the transaction cannot go through. You absolutely want to know if you are in a dual agency relationship before going any further with the real estate sale.
There Are Negatives Associated With Dual Agency That You Need To Know AboutEven if you don’t believe that a dual agency relationship will affect you, you need to be aware of the potential downsides. In a dual agency relationship, the agent must adhere to certain restrictions. These restrictions prevent the agent from providing advice on how much the buyer should offer. They also prevent the agent from advising a seller on whether to accept or reject an offer that has already been provided. In many cases, this prevents the agent from being able to provide the best possible advice to their real estate clients.
Is It Right For You?In most cases, a dual agency relationship probably isn’t the right move. That’s because, without the full range of advice from a real estate professional, many buyers and sellers make mistakes during the sale. Dual agency relationships may be advisable if you already know exactly what you want and don’t need much advice from a real estate professional. If you aren’t sure what you want or may need some advice during the process, then a dual agency probably isn’t a good idea. If you are looking to sell your property quickly without worrying about dual agency relationships, then give 4 Brothers Buy Houses a call. We’ll provide you with a free, no-obligation quote for your property today. You don’t have to worry about going through the traditional selling process where you spend weeks trying to find the right agent. Instead, you can get a quote immediately and decide if you want to sell your house for cash. If you are in the DC area and want to sell your property, contact 4 Brothers Buy Houses now!
July 29, 2019Interested in selling a property that requires some major repairs? Perhaps you need a bathroom renovation. Or maybe you need to completely repair the roof. Whatever the case may be, you can sell a property that needs major repairs, even though it may be a bit more difficult and time consuming. You may decide to renovate, but you should consider the costs and potential returns before making the final call. You could also decide to sell “as-is,” meaning that you won’t negotiate any potential repairs or renovations with prospective buyers during the sale. Here’s how you can sell a home that is in need of significant repairs.
Should You Renovate?The decision on whether or not to renovate has major financial implications. A successful renovation can improve the value of your home. But not all renovations bring the same return. The top five highest returns come from:
- Bathroom remodeling (average cost of $10,500, average return of 102%)
- Landscaping updates (average cost of around $5,000, average return of 100%)
- Kitchen remodeling (average cost of around $15,000, average return of 98.5%)
- Exterior improvements to the home, such as buying a new front door (average cost of about $7,250, average turn of 93.3%)
- Converting the attic into a bedroom (average cost of about $40,000, average return of 93.2%)
Options For Paying For Home RenovationsThe returns above might sound attractive, but the pricing can get expensive for some sellers, especially if they don’t have the cash on hand. Let’s talk about options for paying for a home renovation. Here are the typical options for receiving a loan for home renovations:
- Mortgage refinance
- Home equity line of credit
- Home equity loan
- Credit cards
- Borrowing from your 401k