5 Reasons Why Selling to a Cash Home Buyer Makes Sense

Is there anything better than cash in-hand? When it comes to selling your house, perhaps not. Selling your home to a cash home buyer or considering cash offers for homes can help you walk away from the closing table quite a bit richer than you were when you sat down. But what is a cash offer, and when is it smart to sell a home for cash?

What is a Cash Offer?

Cash offers for homes occur when a buyer offers a seller cash for the entire cost of the house instead of getting financing from a mortgage lender or other institutions.
Most home buyers must obtain some type of financing to afford purchasing the house, usually in the form of a mortgage. However, a cash home buyer will be able to purchase a home without a mortgage loan or other financial assistance. Cash offers are typically lower than the full market value of the house, but there is a good reason for this. First, cash offers are low risk, as sellers don’t have to worry about buyer financing falling through. Second, most of the reduction in the offer price is offset by the fact that the seller does not have to spend time, money, and resources on selling, upgrading, and negotiating the property.

How Common Is It to Sell a Home for Cash?

Cash offers are quite common. The most common scenarios where cash offers occur are from an investor or investment company interested in a property. In these cases, a homeowner can typically sell their house as-is. However, there are many reasons why a cash home buyer may be interested in your property.
Some home buyers have cash on hand, such as from the proceeds of selling their previous home. Cash buyers are also common in competitive seller markets where financing delays may cause the seller to accept a more enticing offer. This occurs because buyer who can pay cash have an advantage on buying a property over mortgage buyers.
Also, the property is a fixer-upper, a cash sale can help the homeowner sell their house as-is. Cash buyers are also commonly courted if the property is facing a foreclosure, since in these cases homeowners typically must close quickly.

Is Working With a Cash Home Buyer a Good Choice for Me?

There are several advantages to accepting cash offers for homes. First, the average mortgage buyer takes 30-45 days to close, whereas a cash offer may take a week or two. Overall, in a competitive market, sellers will benefit from taking a cash home buyer offer over a mortgage buyer. Buyers with the fewest obstacles are the easiest and most profitable to deal with.
For years now, 8 Day Home Sale has been helping homeowners across Washington D.C., Virginia, Maryland, and Baltimore . We’ve helped every single one of our customers sell their home on their timeline, for cash. If this is something that appeals to you, read on for the five top reasons that selling to a cash homebuyer makes sense.

1. More Flexible and Faster Sale Process

Cash offers for homes are more attractive to sellers because there is no fall-through risk with the purchase and there is a faster closing time. A cash house buyer does not need to obtain a mortgage, as it is implied, they already have the cash for the purchase. Therefore, the mortgage application and approval process can be skipped.
Not having to secure a mortgage also means there is less of a chance that the financing falls through. A mortgage buyer can face financial difficulties, like an employment change or identify theft, which can ultimately derail a sale. Also, the underwriting process for a mortgage takes a month or more, and there is always the possibility that the deal will fall through due to the buyer’s inability to secure a loan during that time. Therefore, mortgage buyers are less reliable and certain.
When you sell a home for cash, there is no mortgage application, documentation, underwriting, or appraisal. There is need for the buyer to sort out the title policy and insurance, provide proof of funds, and sign closing documents, but that may only take a week, maybe two. A buyer with a cash offer will have to supply a seller with proof of funds, which automatically shows the buyer is ready and able to close quickly.
When you sell home for cash, you do not need to enlist a real estate agent. Therefore, you do not have to wait for them to take photos, list your home, or host open houses. A faster closing can put money into a seller’s pocket sooner.
And a closing in a cash offer only involves a settlement statement, title, deed, and a cashier’s check. There is reduced paperwork and lower overall closing costs since there are no lender fees or transactions needed.

2. No Improvements or Updates Needed

In a cash sale, you can typically sell the house as is. When your home is offered in an “as-is” condition, the buyer can take it or leave it. You do not need to agree to making repairs or upgrades to the home before a buyer agrees to sell it. As a result, there are usually only a few, if any, contingencies with cash offers for homes.

3. No Real Estate Fees

Cash offers for homes means not having to pay for a real estate agent’s commission. Typically, commission fees are around 6 percent, which can turn out to be a large sum of your selling price. Although a seller may be accepting less money from a cash home buyer than they would a mortgage buyer, a seller will be saving on improvements, bank fees, agent fees, and interest fees.

4. Avoid Most of the Nitty Gritty

During the home selling process, there are several steps that could go wrong. However, with a cash home buyer, a lot of those make or break steps can be avoided. The deal favors the seller, rather than the buyer, because the buyer knows they are getting a home as-is.

A buyer also does not need an appraisal, as would be required by a mortgage buyer’s lender. Home appraisals are needed by the mortgage lender and are considered part of the cost of buying a home. Therefore, a cash home buyer will usually skip this process. As such, a cash offer can help people sell homes quickly and eliminates the cost and time requires to get an appraisal.

Cash home buyers will end up paying some of the same fees. For example, in either case, a buyer needs to pay an earnest money deposit and pay transfer taxes, escrow fees, and closing cost. This is in addition to the homeowner’s responsibility of purchasing homeowner’s insurance, HOA fees (if applicable), and property taxes.

5. Helps to Avoid Foreclosure

If your home is going to be foreclosed due to an unpaid mortgage, selling your home for cash will help you pay your mortgage and start over sooner. 8 Day Home Sale has helped countless home sellers in this situation, as well as people looking to downsize, sell a property they recently inherited, seniors looking to transition to new housing, and people in countless other circumstances that merit a fast and easy home sale. If you’re interested in working with a cash home buyer, contact us today – we’ll work with you on your timeline, and you’ll walk away from the closing with cash in hand.

How Real Estate Investors Differ From Regular Home Buyers

Most homes are purchased by families, couples, or individuals who buy a house to live in. It may be their primary residence or a vacation home. They may be downsizing to a smaller house or looking for a bigger place for a growing family. 

Traditional home buyers typically work with a real estate agent to find a home in their desired neighborhood or city. They look for houses they can imagine themselves living in now and in the future. Many home buyers want a move-in ready home, rather than a fixer-upper, and often ask for repairs to be made before they close on the sale.

If a family finds their dream home, they may be willing to pay more than the house is listed at if other buyers are interested, too. This can drive up the price of homes in a market. A homebuyer may have in the back of their mind that the home in an area that might sell for more than they paid for it, but their primary reason for buying the home is not to make money.

All residential real estate investors have one thing in common: they hope to turn a profit. 

A house that interests a real estate investor may have little appeal to home buyers as-is. This includes homes that need repairs or maintenance, haven’t been updated in decades, have a costly structural defect to restoration, or landscaping that needs a lot of work. Real estate investors are more likely than the typical homeowner to have the cash on hand to make those fixes. They can see beyond the problems to the home’s true potential – and their potential profit. 

Real estate investors may ask you right off the bat how much you owe on your mortgage. This helps them to understand your bottom line. The typical home buyer will never ask you this question because it isn’t a factor in their decision to buy your home. You’ll want to consult a real estate attorney to review any contract you plan to sign when selling your house. 

Before you sell to a real estate investor, meet with a real estate agent or two to find out what your house is worth. Ask about market trends and anticipated development in the area. You’ll go into discussions with real estate investors armed with more knowledge to make a smart decision. 

We at 8 Day Home Sale know how much your home means to you, that’s why we promise to give you a premium, personalized experience every step of the way. Let us help you skip the traditional home selling hassles, so you can get excited about what’s next. Looking to sell your house fast Maryland, Baltimore, Washington, DC and Virginia call us at 240-847-0859 for a Same-Day Cash Offer on Your House

How To Find an Investor to Buy Your House

It’s a seller’s market in much of the United States and you have a house to sell. But there’s a catch: you need to sell quickly. 

If the thought of finding a real estate agent, readying the house for showings, and waiting for the sale to close seems like it will take too long, you may have another option. Real estate investors often buy homes AS-IS and for CASH, making for a quick sale. 

Who are real estate investors?

There are several types of real estate investors. A professional home investor may be a person or a company that buys homes as all or part of their long-term investment strategy. Or they might be one-and-done buyers planning to take on one home to resell at a profit. Residential real estate investors may own one or many investment properties. 

Flippers

You’re likely to be familiar with the concept of house flippers from television series such as “Flip or Flop.” Flippers buy homes that need a lot of work but are often in neighborhoods with buyer interest or have a floor plan that appeals to today’s families. They buy below market value, then quickly gut and remodel before putting the home back on the market in move-in condition. 

Quick Resellers

Often referred to as wholesale investors, these investors buy houses buy below market value, but don’t plan to make any repairs or upgrades before putting the house back on the market. Quick resellers often buy a lot of homes at once, making less profit off each home individually, but making up for it in volume. 

Landlords

A longer-term strategy of real estate investment can be buying homes in desired residential areas, then renting them out, often over many years. These landlords could be individuals or companies. These investor landlords may put some money into repairs and upgrades, but typically spend a lot less than house flippers before the home’s next residents move in. Some buy when the owner is underwater on their mortgage, then rent it back to the people already living there.

Buy-and-Hold Investors

Some real estate investors with a long-term financial strategy may buy homes to hold onto until the market improves. Others buy homes in an area they know will be bought out by a local government with plans to extend a road or rezone for business several years in the future.

Instant Buyer, iBuyer, Cash Offer

The newest category of real estate investors is referred to in real estate jargon as an iBuyer or instant buyer. These home-buying services use technology and data collected on home sales within a particular market to make offers to homeowners. Some don’t even view the home before making an offer. Some real estate companies have recently gotten into the iBuying business in some markets as has Zillow and national brokerage Redfin. Other companies start with the sole purpose of making instant offers and buying directly from homeowners.

Ready to sell your house fast Washington DC?

8 Day Home Sale is not a traditional realty company. Rather, we offer a service to homeowners who are willing to make a little less money in order to not have to deal with the hassles of Realtors, home repairs, inspections, marketing preparation, open houses, etc. Many sellers are in dire situations such as foreclosure, bankruptcy, divorce, tax default, inheritances, etc and don’t have time to list their house on the MLS for 3 months. We offer those sellers an important service by buying their house “as is” for cash on their time line.

Call us today at 301-242-SELL for your same day cash offer!

8 Reasons Why Selling Your House to Investors is Better than Realtors

1. You Don’t Have to Pay Commissions and Fees

Most of the time, sellers have to pay commissions and fees to their real estate agent and the agent of the buyer. So, if you sell your house for $200,000, for example, you’ll probably have to subtract about $12,000 off that price and pay it to your real estate agents. But when you sell to an investor without using real estate agents, you do not have to pay these commissions and fees.

2. The Purchase Won’t Fall Through Due to a Bad Inspection or Financing Issues

Did you know that up to 15% of home sales fall through due to inspection and financing contingency? This means that if problems come up during a home inspection, or if the buyer struggles to come up with the proper financing. the entire sale could be off and you’d have to find another buyer and start all over again. But when you sell to an investor, there’s no inspection or financing contingency.

3. You Won’t Have to Deal with Showings

If you sell through a real estate agent you’ll probably have multiple showings, requiring you to get the house ready and leave your property for a few hours during every showing and open house. This can be a bit annoying! When selling to an investor, there is only one showing.

4. You Won’t Have to Pay for Repairs

Selling through an agent requires that you make repairs. You’ll probably need to repair things before putting your house on the market AND pay for repairs that come up during your home inspection. That’s money and time out the window, but with us, we pay for ALL the repairs and take care of them ourselves.

5. There’s No Appraisal Needed

Most home sales require an appraisal, which takes time and controls how much the home will sell for in the end. With an investor, no appraisal is necessary, saving you time and possibly even saving you money.

6. You’ll Get an Immediate Cash Offer

An investor understands your busy schedule and instead of taking your valuable time and making you wait on an offer, you’ll get an immediate cash offer. When you work with us, we will set up an appointment during which we’ll make you a fair cash offer. It’s fast and easy for you!

7. You Can Schedule the Sale Around Your Needs

With a traditional real estate sale, you can’t choose when someone buys your house. It might be inconvenient timing when the right buyer finally appears. But when you sell to an investor like 8 Day Home Sale, you can choose your exact closing date to ensure the sale of your home fits into your schedule.

8. You’ll Get Cash In Hand Quickly

You can have cash in your hands within approximately a week of closing! If you do things the traditional way, the closing date is generally 30 to 60 days after you accept the buyer’s offer, but with this method of selling your home, you can wrap things up much more quickly.

If you have a home for sale in Washington, DC, Maryland or Virginia and you need to sell it quickly, consider using 8 Day Home Sale.
Call us today for an instant quote!

How to Sell Your Inherited House with Title Issues

You’ve taken the first steps and said, “sell my house.” You already know that you are in for a long haul. Whether you are going to try to sell the house on your own or pay the extra commissions and fees for a real estate agent, you are still looking at waiting six months to a year just to find a buyer. Now you are hit with another delay: you have title issues you weren’t aware of, and that could add days, weeks, or even months to the time it will take you to sell your Washington, DC house.

Does it really have to be such a frustrating hassle? Isn’t there an easier way to say, “sell my house” when it has title issues? There is an easy solution – but first, let’s take a look at what it means to have title issues with your house.

Title issues appear when the owner and seller of the house does not have the legal right to sell the property, or when there are defects that prevent the seller from being able to transfer the title of the home to the buyer.

There are a lot of reasons this could happen, and it isn’t as uncommon a problem as it may seem. For instance, if you inherited the house from a trust, you may be surprised to find out that one of the beneficiaries or co-owners listed on the title of the home is overseas or can’t be found. Without that co-owner’s signature, you can’t legally transfer the title of the home to the new buyer.

More commonly, wills, heirs, trusts, divorce decrees, liens for child support, past-due spousal support, fraud and forgery issues between spouses (when one spouse signs the signature of the other spouse on a document or deed without telling them), defective or outstanding tax records, liens (placed by a general contractor against a property), bankruptcy filings, or court judgments could all impact the title of the home and the seller’s ability to legally transfer the title.

All of these encumbrances can be resolved, but it can take days, weeks, or even months. You may not have the added time it takes to deal with the house, or the extra time and legal processes may cost you the sale you already had lined up.

What’s the alternative? Say, “sell my house” to a home buyer and fast-track your way out of those cumbersome and costly title issues. 8DayHomeSale has worked with many homeowners that were selling a house with title issues. Working in conjunction with our partners, we’ve helped many buyers clear their title issues and quickly get to closing.

We have the experience you need when selling a house with title issues. Work with us for a much faster and easier way to sell your home.

If you are hoping to say, “sell my house” in Washington, DC and are feeling trapped by title issues, call us at 8DayHomeSale today.

Prince George’s County leads Maryland for Home Price Gains

Prince George’s County, Maryland, remains the most affordable housing market in the D.C. region, but prices there are rising at the fastest pace in suburban Maryland.

Prince George’s is home to Six Flags America, the Capitol Wheel, and the Gaylord National Resort and Convention Center – not to mention a number of parks and gardens full of green hiking trails. The county also lays claim to the University of Maryland’s main campus in College Park, with more than 40,000 students.

In September 2019, the median price of what sold in Prince George’s County was $315,000. That’s $21,000, or 7%, more than the median price of what sold in Prince George’s County a year ago.

The median home price in Prince George’s County is still almost $275,000 lower than the median price in Arlington County, Virginia, the region’s most expensive county for home prices.

In Prince George’s County, two positive trends for sellers over the past year are that the median sale price has increased and the average days on the market has decreased. However, the decrease in units sold and sold dollar volume – especially when paired with the 16.5% increase in new listings – may be cause for concern for investors looking to sell freshly rehabbed properties in the coming months.

For sellers in Prince George’s County, buyers are willing to pay full price. The list-versus-sale price in the county last month was 99.5%, and what sold went under contract in an average of 32 days. The number of homes on the market in Prince George’s County is down 34% from last fall.

If you are interested in selling your home fast Maryland, DC and Virginia residents, there is no better time than now. So call 8 Day Home Sale today at 240-847-0859 for a Same-Day Cash Offer on Your House

Why Sell to a Real Estate Investor?

Want to avoid the 6% commissions to a Real Estate Agent when you are looking to sell your house? We at 8 Day Home Sale do not operate like a real estate agent, so you don’t pay a commission fee. Instead of listing your house and hoping it will sell, we will buy it ourselves in “as is” condition. If you like the idea of “for sale by owner,” 8 Day Home Sale is a great solution – because we simply buy your house fast, directly from you. With no agent on the other side, you keep even more of your home’s valuable appreciation.

Our Company has been in business since 2016 serving the Maryland, Washington DC, and Virginia areas. We offer a guaranteed, fast and hassle-free sale to people who want to sell their house without paying a 6% real estate commission. Many of our sellers are in dire situations such as foreclosure, bankruptcy, divorce, tax default, inheritances, etc, and don’t have time to list their house on the MLS for 3 months. So, we offer those sellers an important service by buying their house “as is” for cash on their time line.

Within the last month 8 Day Home sale, has closed on deals in Glen Burnie, Maryland, Manassas, Virginia, and Suitland, Maryland. 

We know how much your home means to you, that’s why we promise to give you a premium, personalized experience every step of the way. Let us help you skip the traditional home selling hassles, so you can get excited about what’s next. If you have a home to sell in Washington, Virginia and Maryland contact us today and accept our purchase offer to experience the new, innovative and hassle‐free way to sell your home. There is not better time than now. Call us today at 240-847-0859 for a Same-Day Cash Offer on Your House

Sell Your House Without a Real Estate Agent

Selling your house on the market can, at times, be invasive or uncomfortable. Your Real Estate Agent will suggest a number of items that should be fixed or altered in your home before you list it on the market. These items will take both time and money to complete. Then, once you’re on the market, you’ll have to schedule showings into your busy life and make sure the home is presentable and you and your family are absent. This can be grueling and difficult. If you’re looking for a simpler way to sell your house fast, consider selling for cash to 8 Day Home Sale. We’ll give you an honest offer and a quick closing process that can’t be beat.

We are not knocking those who use a Real Estate Agent to get their house sold. Real Estate Agents can be helpful and knowledgeable. But, sometimes selling your home on your own terms is the better way to go. Selling your house to 8 Day Home Sale helps you avoid paying that real estate broker commission and gets your house sold faster than the market

Another great reason to sell your house without a Real Estate Agent is our “As Is” condition allowance. We will not ask you to make any updates, renovations or changes to your home for the sale to go forward. You don’t have to spend excessive amounts of time and money on renovations and repairs. 

If you have a home for sale in Washington, DC, Maryland or Virginia and you need to sell it quickly, consider using 8 Day Home Sale. You’ll be able to sell your house without a Real Estate Agent and will avoid paying a commission, giving you more money to take away from the sale. Our company is reputable, dependable and honest; and we’ll give you a fair price.

Buying a House in Howard County, Maryland

Why is it a good idea to buy a home or sell a home in Howard County? Well the Baltimore Sun says “Howard County has a distinct and thriving collection of communities, old and new, stable and growing. In Columbia, nearly a quarter of the land is preserved as open space. Woods, parkland, playgrounds and other public spaces are required by covenant to remain undeveloped”.

Howard County is ranked #1 in Best Counties for Families in America according to Niche 

Living in Howard County offers residents a suburban feel and most residents own their homes. In Howard County there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Howard County and residents tend to be liberal. Howard County is highly sought out with young families due to their highly rated public schools 

Today, much of the rolling farmland has been replaced by stately new homes on spacious lots, though rural areas remain. The western end of the county offers some of the highest-priced housing in the area. Local amenities include a library, a senior center and a regional park with a 50,000-square-foot, multi-use community center.

Whether you are seeking an efficiency apartment or a luxurious single-family home, there are a variety of options for homeowners and renters. Howard County remains a highly desirable area with a strong real estate market, according to Metropolitan Regional Information Systems, which tracks home sales throughout the region. The company reported the median price of a home sold in Howard County as about $424,950 in September 2018.

Although costs in this part of the country are higher than average, some assistance is available for those in need. Federally subsidized housing is available through Heritage Housing Partners, which has emphasized the need to include affordable housing in Columbia redevelopment plans and the county.

If you are interested in selling your home fast Maryland, DC and Virginia residents so that you can move into the #1 ranked County, please call us.

Hot and Affordable Maryland Neighborhoods to Buy a House In

Finding a place to put some roots down isn’t easy anywhere. Home buying involves countless factors to be considered and loads of stress no matter where you decide to buy, but it’s especially hard if you’re looking in the Greater Washington D.C., Maryland, Virginia locations.

Living near the city offers unbeatable convenience, whether it cuts down commute time or keeps you close to the nation’s monuments, everyone wants a different aspect of city life. Even if it comes at a cost. But for most families looking to settle down near Washington D.C., the main problem is space. It’s the hunt for space, a garage, a yard, and uncrowded streets that ultimately draw people a little farther away from the heart of the city and into neighborhoods that may not have been on the radar in years past but are becoming more and more appealing as prices go down and new developments arise.

So what makes these neighborhoods attractive?

Southeast D.C.’s Marshall Heights has been catching fire in terms of affordability, but what most don’t know is that just bordering this hot neighborhood on the Maryland side is a great community with an unbeatable price-per-square-foot value in the 20743-zip code.

Value is increasing in neighborhoods across Prince George’s country as well, which has historically been cheaper than other D.C. communities. The Hyattsville area offers drop-dead gorgeous cape cods and Victorians that are charming and reasonably priced, considering proximity to the city. District Heights is a budget-friendly community with a $204,500 median home price which is 30% lower than the Maryland average, and not much added commute time.

You can’t really go wrong picking the right Greater D.C. school district for your kids. Marlow Heights, Hyattsville, and most Prince George’s County schools spend an impressive $16,054 per student compared to the country’s average $12,383 and has an impressive student to teacher ratio.

While the District of Columbia and Alexandria have been the places to watch for in the past, these Maryland neighborhoods are worth keeping an eye out for, something tells us you should take a look at these neighborhoods sooner rather than later.