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.
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.
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.
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.
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!
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
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
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!
While selling a home can be a challenge in any market, selling a vacant lot or piece of land in the Virginia location, Maryland location, or Washington DC location can be even more difficult. With a vacant lot, you can’t showcase a beautiful home, and the buyers are different. For these reasons, different aspects like size, location, zoning, and the neighborhood are much more important. Choosing the best method to sell can also be tricky. Here are our tips for selling land without a home.
Know What the Buyers Want
Since you can’t have an open house, your land needs to look its absolute best. Buyers will want to know about the size, condition, zoning, and location of your property. Each buyer will have a different plan for the plot of land they purchase so keep that in mind too.
List on an MLS?
Multiple listings services are tried and true tools used by sellers and buyers alike. They are the go-to tool for many real estate agents and are a great way to sell a home. Selling land, on the other hand, can be a little trickier. Like we mentioned, you can’t post any pictures of gorgeous kitchens or spacious living rooms when all you have is a vacant lot. The MLS might not always garner you the most money and you’ll have to pay a listing agent.
Close Fast and Easy with an Investor
If you want to sell your land fast, you should consider contacting investors in the area. Chances are there is a speculative investor in your area willing to buy your land now. If your land is in a prime neighborhood, your odds of selling quickly increase. Keep in mind, that investors typically offer low prices on the land they buy because they want to flip it or have other plans. On the plus side, they usually won’t require any financing, however.
Whichever method you choose to sell your land, patience is important. If the land is in a great location, you’ll have more success, but if you price your property right, buyers are sure to come.
Almost everyone will sell their house at some point. Here are some indications that will help you find the right time to sell my house fast in Maryland, balancing market conditions and your life situation.
Many people will tell you “if your house has increased this much in value, it’s time to sell”. In reality, no one can predict the market or how much your houses value will rise. Aside from massive economic corrections, home values tend to rise except in specific circumstances. You certainly don’t want to sell if your house’s value hasn’t risen enough to cover the closing costs and realtor fees that you’ll have to pay. Look for comparable home sales in Maryland on Zillow to better understand your house’s value.
If you’ve had a major life event, such as having a child or losing a spouse, it could be time to sell my house fast in Maryland. If your lifestyle does not fit your house, e.g. the house is too big or not in the right school district, it’s time to sell. The quality of your life is more important than losing thousands of dollars in the short term.
If you can’t afford a house any longer, either because you are burdened by mortgage, taxes, or upkeep. It might be time to sell.
As always, if you are looking to sell my house fast in Maryland, 8 Day Home Sale can help. We buy houses in Maryland for cash, paying all closing costs and charging no fees. We even clean out the house for you.
Zillow’s website is often the first place to be visited by people who want to sell their house fast for cash in Maryland. However, majority of these persons often feel disappointed with the results they get at the end of their search. Although the Zillow online marketplace is highly revered in the American real estate industry for its practical resources, it may not be the best place for you to sell if you’re planning to sell my house fast in Maryland and hassle-free. The majority of the information on the platform is not sufficient for you to make informed decisions.
If you’re planning to sell my house fast in Maryland in exchange for cash, here is a few reasons why you should not list your home on the Zillow website:
Incorrect Home Estimates: In case you don’t know yet, most of the home values you get from Zestimates are not accurate. This is so because a computer cannot actually determine the true value of a home since there are so many factors involved in determining it’s worth. Zillow doesn’t do field inspection to check out the details of each property. The computer algorithm only generates home values based on what has sold in the area, the square footage, and the number of bedrooms. The truth is that no two houses are the same. People often make changes to their homes which Zillow obviously won’t be aware of. These changes affect home values.
Unsolicited Communication: Once you enter your information into the Zillow database, expect your phone to start ringing with unwanted calls. Since your information will be shared with hundreds of agents, you’re going to spend hours attending to lots of annoying calls, texts, and emails from different peoples. In fact, these unwanted calls could last for months.
Inaccurate information: Many homes listed on Zillow may not be available for sale. This inaccurate information often pushes away potential buyers who have experienced false leads in the past.
Most people only visit Zillow to get rough estimates of the values of properties in a particular neighborhood. They do not intend to buy through the platform. If you’re looking to sell my home fast in Maryland, Zillow is not the right platform for you.
If you need instant cash for your home, you can always contact 8 Day Home Sale. We buy houses in Maryland for cash.
If you are looking to save money on estate agent fees and want to avoid the time consuming paper work and back and forth that comes with it, then you might wish to consider a quick home buying company to sell your house fast for cash. However, with the rise in demand for real estate investors that buy in cash the industry has become a little crowded with some less than desirable companies. It is getting harder to find the best, most trustworthy companies. Here are some of the things you should ask before committing to a company.
Is the Company Based in Your Area?
There is a massive network of “we buy houses” companies that attempt to sell your house fast for cash from across the country. These companies are less likely to provide a good customer experience as they will attempt to do business via the phone. Also, companies that buy houses for cash in your area are much more likely to know your neighborhood and thus give you a fair price. Make sure to determine if the company you are considering is based in your area.
How Long Has the Company Been in Business?
Companies that have been in business for 3+ years are much more likely to give you a fair price on your house and a good customer experience. Be wary of “we buy houses” companies that are brand new.
Is the Company Actually a Company?
Many people claim they are a “we buy houses” company to try to sell your house fast for cash. In reality, they are just a single person and not reputable. Make sure the company you choose is a reputable business and not just a single individual.
Will the Company Commit to a Time Frame?
Reputable “we buy houses” companies will commit to a timeframe in which they can sell your house. Before signing any contract to sell your house fast for cash, check to make sure there is a guaranteed “close by” date.
At 8 Day Home Sale, we buy houses for cash in 8 days or less. We’ve been in business for years and are rooted in the DMV area. Head over to the contact page if you’d like a no obligation quote on your house.