Why Spring 2021 will be a great time to sell your house

credits: flashpack.com

With the Covid vaccination in the US, real estate in the DMV area is gaining confidence. Home sellers will be getting ready to dispose of their properties to get their investment back. Housing demand is high for the first quarter of 2021 and will continue this spring.

Low Mortgage Rates

With the pandemic, home selling is quick as buyers are taking advantage of low mortgage rates and it might end soon after this season.

Limited existing homes for sale

Buyers are actively looking for the perfect home this spring especially now that covid has changed the way people work.

Taking advantage before summer

With 3 Million vaccinations on a daily basis, the economy might go back going faster. Mortgage rates will go higher, home buyers will decrease and the window of opportunity of selling your home will take a longer time than we expect. 

Home Sellers will be on the rise

Home sellers will be on the rise this summer, traditionally, people are ready to sell their property this season. Competition in home selling will rise so get ready in preparing your property. We have tips for you in selling your home. Check it out in our blog section.

In conclusion, this spring 2021, let’s take advantage of this opportunity and sell your home. Even old houses can be bought in less than 8 days with an investor like 8 Day Home Sale. Take action and decide to sell it before summer. 

3 Things to do with your old vacant house

There’s a lot of reasons why some old houses are vacant. Some properties were inherited from their parents or relatives and some moved to another location for better mobility and career opportunities. Let’s face it, we do not want these old houses to rot. Also in some areas, these properties are robbed or vandalized because no one is living in them anymore.

Tip #1 – Rent it out

Here are practical solutions for your old vacant houses.

There’s a lot of reasons why some old houses are vacant. Some properties were inherited from their parents or relatives and some moved to another location for better mobility and career opportunities. Let’s face it, we do not want these old houses to rot. Also in some areas, these properties are robbed or vandalized because no one is living in them anymore.

Tip #2 – Have a family relative live on your property

e have family relatives that might be starting with their careers and family that might be interested in taking care of your old vacant house. Instead of relatives paying rent, why not have these families renovate that property and taking care of all the quick fixes for themselves. Be sure that they will be responsible for the property and visit them just to make sure.

Credit: Shutterstock

Tip #3 – Sell it fast with real estate investors

If you need to dispose of or sell your old vacant house, there’s a lot of real estate investors like 8dayhomesale.com who will buy the house. Fast transactions, especially with old vacant houses, are the niche of real estate investors. They take good care of your property and renovate it to find the perfect buyer for your once-old vacant house.

In conclusion, old vacant houses can be made into a perfect home for the right family.

Check out out our other blogs for more real estate tips especially in Washington DC, Maryland and Virginia.

5 Tips on how to sell your house fast

Let’s face it! Selling your house especially if there are events in our lives that we need to act quickly. Relocation is always better if you have sold your house before you moved out and get that needed money for your new home. So what are some hacks on how to sell your house fast?

Some old houses can’t be sold especially to banks because the value of the property is not worth investing in. So what can you do as a seller? Here are some tips from experience in real estate investing for more than 10 years. Investing in Maryland, Virginia, and Washington DC.

Choose the right real estate agent or investor

Real Estate Investor with Home buyer or seller

This one tip is crucial, this will decide on how many days you can sell your property, its either 7days or up to 60 days. Choosing a real estate investor can buy your property at a reasonable price without you renovating your house and can buy it from you with 8 days or less if the documents are already processed. Check out 8dayhomesale.com for more details of a real estate investor in Washington DC, Maryland, and Virginia.

Choosing a real estate agent is also an option but you also have to choose the agent with a lot of experience and business network. They know a lot about the location of your community and how to sell it. But with a catch, they want your property to be attractive enough for an open house to attract buyers to sell it. So it depends on your decision. If your property has recent renovations, you may not need to invest in a major fix.

Clean and Declutter 

It always one of the best tips for every home selling. Well, who wants to buy a dirty rotten house, right? If your house is in the market and buyers will see it, they will negotiate to lower the price for up to 20 to 30% of your asking price. That’s a lot! And you don’t want that. 

So the next weekend, schedule a major cleanup with your family and separate things that can be donated or be sold in a garage sale. Check out Marie Kondo’s tips on how to declutter things and you start right away! We need to sell your house fast, right? You can also hire a professional cleaning service to help you out with the cleaning and save a lot of money and time.

Goodhousekeeping.com has great tips on how and what to declutter. Check it out too!

Paint it white

Painting it white will increase your chances of getting it sold fast. Not red, not pink, and definitely not violet! Study shows that white is one of the best paint to attract buyers. It’s a symbol of purity and cleanliness, and buyers will appreciate a fresh white-painted property. Let the color white do the magic and get offers to your house.

Don’t get too emotional 

Based on our experience, a lot of people are getting emotional in selling their houses. The delay in selling it! A lot of excuses not to sell it. We interviewed a lot of emotional sellers and a major reason is that they grew up on that property and they have their closest friends in their community.

Think about the future, and let go of the past. Say goodbye to the property that you loved dearly. Do not worry because future homeowners will also take care of your home and make memories of it.

Quick Repairs will make magic

This is in relation to the Clean and Declutter tip, its twin brother. Faucets, squeaky doors, shelves, and electrical wirings are some of the things you can fix. Hire a handyman to make an evaluation on what parts of the house are needed for a quick fix. You will be surprised that there’s a lot of it. If your house is recently renovated, it might be few. 

A lot of buyers are always opening lights, faucets, cabinets, and everything they can open. They will open it. Trust me. They will open it. Of course, they want to buy the perfect house for them so they are keen on details in properties.

Take away

If you are really decided to sell it, these tips will take days to do. If you schedule it in your free time, this will be easy for you. Do it on weekends. Hiring some help will also do the trick, of course, you still spend a few hundred dollars for it, but it will be worth it. Maximize the value of your property.

If you want some other 5 minute reads, check out our Real Estate Blogs. It’s easy to read, and you will learn a lot from it. 

If you are from Washington DC, Maryland, or Virginia, we are investing in houses and buyers are satisfied with dealing with our sales managers. Check out our website and call us to give a reasonable cash offer. Sell it for 8 days or less and get your cash fast.

3 Reasons why more old house sellers trust wholesalers

Several years ago, more and more people are selling their old properties and having a hard time selling them. 

It usually on average takes them 6 to 12 months before they can sell their property. Renovating, dealing with realtors, and finding buyers for their old houses. Shelling out money for renovation, finding the best realtor to deal with, and scheduling with prospective buyers are time-consuming activities for many sellers.

With these concerns, real estate investors came up with the idea of buying it directly from the seller and gives them fast cash. Cash, in just 8 days or less.

Here are 3 reasons why you should trust wholesalers/investors to take care of your property:

  1. No broker/agent’s commission

Since wholesalers will buy it in cash, you do not need to give them a part of your sale, that’s 5% of the sale price. If you sold your property for $100,000, you will give the agent $5,000 upfront. If your property is around $300,000, it’s $15,000 for the real estate agent. 

  1. No more renovations for your property

It is also a great idea to renovate your property, right? Well, for some, it’s a good idea to do it because they will have to manage and design the kitchen, bedrooms, and bathrooms. But sellers will have to shell out around $30,000 to $70,000 on average to renovate the property. The seller will also spend 2-4 months of renovation. That’s a lot of money and time to spend if you ask me. Why not let the investor do the fixing and renovation for you? There’s a lot of real estate investors who are great at renovating properties, especially in the DMV area.

  1. Wholesalers buy your property fast

If you have decided to sell your property and you really want to get money fast, strongly consider selling it to a wholesaler. They can buy your property in 8 days or less if they see your property as a good fit at the right price. You can save a lot of time (around 6 to 12 months) and money (50 to 100k), conveniently walk away with what you really want.

In conclusion, wholesalers are there to help you out, solving out the concerns of sellers wanting to sell their properties at a convenient time. If you take a look at it, it’s also the same, shelling out money for commissions and renovations, scheduling appointments for the right buyer compared to selling it to a wholesaler at the right price.

Do you want to save one of the precious commodities on earth? Time? 

Then talk to wholesalers like 8dayhomesale. They handle Washington DC, Maryland, and Virginia. They buy houses and take great care of the next buyer.

How to buy a house in Washington, Maryland, and Virginia

A lot of movers, renters, and buyers of properties are taking considerations moving in Maryland, Virginia and Washington, DC.

But wait a minute, buying a house is not that easy, it’s not just a beautiful interior of the property is the only consideration in getting that dream house. We have listed down, factors to consider in choosing the best home for you because home buyers are very important to us.

Commute to work

If you were relocated to a new location by your employer, you have to consider the time getting to work. Less time to travel means less energy spent and more productivity for you. More time with your family, less stress means a healthier lifestyle.

One tip is to use Google Maps with your prospective property and your new work location. Do not do it on a Saturday with less traffic, do it on a Monday morning and see how long is your work travel. As a result, you will be satisfied with the travel time. You can now add plus points to your property.

Schools and Universities

If you have children, you have to consider what school they will go to, there’s a lot of great schools and universities in DMV (D.C, Maryland and Virginia) so choosing a home means also choosing the school for your kids, too! Check out great!schools.org about the ratings of the private and public schools in your desired property and see what schools to consider.

Check out these top universities in DMV states

Size of the home

It also depends on the perspective of the buyer what size they want in a home, some consider a minimalist or a bigger space. If you want to consider a smaller space, it’s usually near the urban area which is an advantage to those who work in it, less travel time.

But if the buyer is also a work from home employee, or a 2 to 3 times a week go to work employee, they can consider a home which is 1 hour away from their work. The advantage of these properties is that they have bigger floor areas which is best for bigger family. More backyard parties for them too!

Malls and other Commercial areas

A lot of people take considerations properties that are minutes away from groceries, malls and other commercial areas. It also depends on their lifestyles and personalities, right now, you can get your groceries and items to buy in Amazon and Costo thru online shopping.

Great hospitals are also a factor in choosing a property.

So research now and take these factors to consider in getting a property. List those schools, hospitals, commercial areas and be more specific in what you really want. We as real estate investors in 8dayhomesale.com are here to help you out.

5 Ways to prep your house to sell in the market

5 Ways to prep your house to sell in the market

Selling your house to get a better value in the market will take time. Here are some tips on how to prepare your house to get interested sellers to buy your house.

Hire a Handyman or Contractor

If your house was not recently renovated, we suggest you hire a professional handyman to do the work for you. Fixing tiles, painting walls and ceiling, and doing some rearranging in the kitchen will do many things to your house.

Research Research Research

Timing is everything especially when you will sell your house. It also depends on the season, some buyers invest on winter and spring. Some states have more buyer in summer and autumn, so research the market and get to know when will be the best time to sell.

Clean and Declutter

Buyers or investors love to see prospective properties clean and free from clutters. We suggest you watch “Tidying up with Marie Kondo” on how to declutter and save you some space. You can also earn money from selling old things like clothes, toys and appliances in a garage sale.

Paint those walls

Simply painting the walls will do the thing to make your property look brand new. If you have the time on a weekend, you can paint it yourself and save money from hiring a painter. Paint it white and see the difference from your old wall.

Look for a Real Estate Investor investor

If you want to sell your house fast, we suggest you search for an investor to save you time and effort. 8 day Home Sale gives you an opportunity to save you the time and money to do all those things like paperwork and fixing the house. Let us help you with all the work and take care of the rest.

Moving out from DC, Maryland or Virginia and move to a prime location? Check out our site for more details on how you can sell your house fast.

If you have a property and want to sell it fast and as-is, meaning no more hassles of agent’s commission and home renovation, check out our blog Everything You Need To Know About Selling Your Home As-Is.

Everything You Need To Know About Selling Your Home As-Is

WHAT DOES IT MEAN TO SELL AS-IS?

An as-is sale means the homeowner is selling a home in its current state. A buyer should not expect the owner to make repairs or improvements before the sale, but rather accept the home in its present condition.

Some potential buyers who see “as-is” house sales consider it a warning of potential issues down the road.

But others, like investors or wholesalers, see it as an opportunity. People are attracted to as-is homes because buyers and purchasers save money. Sellers can also sell the house quickly and avoid unnecessary stress in the home selling process.

WHY SELL YOUR HOME AS-IS?

There are several reasons why sellers list their homes as-is without making improvements or updates. Perhaps they inherited a home and want to unload and liquidate it fast. Maybe there are too many repairs than the seller can afford. Or maybe they just want to move on with their lives and start looking elsewhere for a fresh start. In any case, an as-is sale typically requires a cash buyer, as certain maintenance or repair issues the house would preclude it from qualifying for a mortgage.

REPAIRS YOU OFTEN MUST MAKE

Your buyer’s financing may depend on you fixing certain serious issues. The lender may ask you to pay for electrical or plumbing issues or a new roof before the buyer gets the loan. If the buyer can’t get a mortgage, they can’t buy your house.

 Other repairs that you may be asked to do include

  • Building code violations
  • Structure defects: foundation, walls, support structures
  • Termite damage
  • Bats or squirrels in an attic
  • Leaking roof
  • Outdated or unsafe electrical wiring
  • Water supply issues, such as a well
  • Electrical systems
  • Mold and mildew
  • Broken pipes or major plumbing

WHO BUYS HOMES AS-IS?

Buyers investing in as-is properties should expect to inherit any problems that may come with a home in need of repairs. A buyer must sign a document that makes it clear that they understand they type of home deal they are getting into. However, the buyer still has legal rights to know the same information that the seller knows when moving forward with the sale. As a result, if there are any known problems, the seller is obligated to disclose them.

WHAT TO KNOW BEFORE SELLING YOUR HOME AS-IS

Even when selling a home as-is, sellers are still required by law to disclose any defects about the house. If a seller purposely withholds known information about the issues regarding the house, they may incur legal liability if the problems surface down the road. Disclosable flaws include lead, sewer damage, sinkholes, and flooding. However, disclosure requirements vary state-to-state, so be sure to check local state laws for necessary disclosure information.

In addition to making sure to disclose all relevant information about the property, as-is home sellers should expect to have to negotiate on the price. Even in an as-is sale, the buyer still has the ability to negotiate the final sale price with a counteroffer. As-is does not mean a buyer will never ask for repairs or compensations after an inspection. In fact, this type of negotiation is typical in all home buying processes.

If you’re considering selling your home as-is, here are some tips to help you make sure everything goes smoothly:

  • Obtain a Pre-listing Inspection

An inspection will tell the seller what they need to know about the house before they sell the house as-is. Getting a pre-listing inspection allows sellers to know what to disclose about the house’s condition and learn everything about the house before selling it. An inspection can help sellers decide what improvements and upgrades to make before putting the home on the market.

Additionally, a pre-listing inspection allows the seller to seek estimates for repairs needed so the seller can properly inform a prospective buyer about what may need to be done to the home. Some buyers will find the most expensive estimate on improvements needed as a bargaining chip for the final sale price. If a seller completes their own estimates, they will be in a better position to counter a buyer’s numbers. This will give the seller better negotiating power over the purchase price.

  • Make a Few Home Improvements Anyway

Cash home buyers are spending a significant amount of money on buying a house as-is house payment. The money that remains for repairs may be limited, particularly if they are real estate investors seeking to make a profit on re-selling the home. Making improvements to a home being sold as-is will result in a higher purchase price for the home, and are likely to cover the costs of the improvements in the first place.

Cash home buyers expect an as is home to need cosmetic fixes. With that said, it may be cost effective to do some minor renovations to improve the curb appeal of the home. Also, buyers are usually turned off from purchasing a home with major structural issues, like plumbing or roof damage. If you do consider making home improvements to an as-is home, just do the important home improvements. Common home improvements for as-is homesales include:

  • Replacing the roof,
  • Updating the electric panel,
  • Installing a new water heater,
  • Addressing any pests, mold, or water damage,
  • Repairing pipes, sewer connection, or septic system, and
  • Updating the HVAC system.

If a seller is willing to do these types of repairs, they are likely to land a higher purchase price at closing. This can help you sell a house quickly. Of course, an as-is seller always has the option to skip renovations altogether if appropriate for their budget and timeline.

  • Try Your Hand at Marketing

Marketing will help sell a house quickly. Doing some research and outreach will help you target the right kind of cash home buyer or investor. Make your listing description attractive. Tell the buyer all the great and accurate things about the home and paint them a picture that they can imagine themselves appreciating.

Rather than focusing on the as-is condition of the home, share about the positive aspects of the property. As-is sales are expected to need improvements, so be sure to discuss things like location, lot size, floor plan, and any unique features that may catch a buyer’s eye. Any of these elements can be great selling points.

And of course, make sure the sale price is reasonable. Do some research on the comparable prices are for your market and price your home accordingly. Recent sales of similar homes in similar neighborhoods will give you a good idea of what to price your home at. In an as-is sale, both the buyer and the seller know that repairs will be necessary. So do not try to up the sale price unreasonably – this will only cause your home to sit on the market unsold.

If you’re considering an as-is homesale so that you’ll sell the house quickly, consider working with 8 Day Home Sale. We’ll make a cash offer to buy your house in as-is condition, no repairs or cleanup needed. We’ll even help you move! Contact us today for a free, fair cash offer – we look forward to the opportunity to work with you Maryland, Washington, DC, and Virginia!

Everything You Need To Know About Home Inspections

What is a Home Inspection?

A home inspection is an evaluation of a property that’s up for sale. The aim is to look for any potential issues, such as areas that need to be replaced or repaired. It’s also done to check if the property complies with the safety and building codes of some states. It’s carried out by a home inspector, who is a professional trained to spot issues and problems. 

The process can be initiated by either the buyer or the seller. Home inspection for buyers happens after the seller accepts the offer, but before the deal is closed. The seller sometimes does a home inspection before he or she puts the property up for listing, to help them determine how much to price it, based on the findings.

What happens after home inspection depends on the results of the home inspector’s report. If there’s a long list of issues with the home, buyers can choose to renegotiate the deal or opt-out entirely. What happens often, though, is that the seller is requested to fix the issues before turning it over to the buyer.

How Do Home Inspections Work?

To give you an idea, home inspectors are hired then typically paid after they complete the inspection of the home.

They will begin by going through each section of the house, taking detailed notes and photos of each area he or she sees. Most are very receptive to questions or comments if you need clarifications on specific areas. This is not only useful for the buyer but the seller as well, especially for areas you haven’t thought of.

Home inspectors will focus their attention on critical structural and possible safety hazards of the house. They often won’t comment on the visual or aesthetic aspects of the property, unless it’s a sign of an underlying problem.

After the inspection, the home inspector will then send a detailed report to both the buyer and seller. 

How to Prepare for a Home Buying Inspection

Preparing for a home inspection is a crucial thing sellers should do to increase the odds of a good result. It won’t cover up glaring issues like leaks and missing shingles. But you can do so much to clean up unnecessary things that might end up unfavorably on the inspector’s report.

Clean your house as thoroughly as you can. Replace filters if you have an HVAC system. Check your sink for clogs, then use a drain cleaner to unclog them if you can. If possible, you should also replace broken windows or door screens.

You can also speed the inspection process along by making sure the inspector has easy access to critical areas. Unlock your electrical panel or water heater, and make sure to lock away pets in your home, if any, as they can be a disturbance.

How long does a home inspection take?

This depends on the size of your home. On average, inspections on medium-sized houses should take no more than 3 – 4 hours to complete, unless big issues are found.

What do home inspectors look for?

Home inspectors are very thorough and have a detailed checklist of significant areas to watch out for. These often include the roofing, plumbing, and electrical wiring – three of the most common sources of issues in houses. They will also check for structural problems, as well as the presence of pests or molds.

What happens if you fail?

It’s important to realize that a buyer inspection of your home is not a pass or fail thing. It’s an objective assessment of your property. What happens after that depends entirely on your negotiations with the buyer. You can repair the issues or sell it at a lower price.

How to Avoid a House Inspection

In the typical buying process, it is unconventional to not go through a house inspection. A lot of buyers, especially in a buyer’s market, will require it. That’s understandable because no one wants to buy a property with underlying problems that can cost them thousands down the line.

If you’re anxious about a home inspection adding to your closing costs or don’t want to go through with it, there are better alternatives. The easiest is just to skip the traditional real estate selling process and go with an innovative company like 8 Day Home Sale. We buy houses for cash with our simple and hassle-free sales process. 

It begins when you contact 8 Day Home Sale. Once we discuss your property with you over the phone, you will receive a fair cash offer in as little as 10 minutes. 

We’ll then schedule a time to meet with you in person to explain the details of your cash offer. At that time, all you have to do is review the documentation, accept our offer, and we put cash in your hand as quickly as possible Washington DC, Maryland and Virginia residents. It’s that easy! With 8 Day Home Sale, there’s no need to go through a tedious house inspection that will result in days of back-and-forth with a potential buyer. Our process is quick and lets you sell a house for cash hassle-free. Give us a call at 301-242- SELL, and we’ll give you a fair cash offer in as little as 10 minutes.

How to Choose the Best Time to Sell a House

Many of us buy our homes expecting to pass it off onto our loved ones eventually, but sometimes, life can get in the way. Maybe our job relocates us, we need to upgrade, downgrade, or every scenario in between. You will need to know when the best time to sell a house is.

To help you get the most value out of your house, we’ve put together this handy guide to show you when it’s the best time of year to sell a house. Learn more and make sure you’re getting the best bang for your buck.

The Best Season to Sell a House 

So, when is house selling season? It’s easy to go with the old adage that you should sell in the spring market, but the area of the country that you live in plays a huge factor. 
Below, we’re going to discuss the pros and cons of the seasons, but you always need to keep your unique circumstances in mind when listing a house for sale.

Selling Your House in the Spring
When does the housing market pick up? For most people, early May is the best month to sell a house. Tax refunds have been saved to make major purchases and the weather has lightened up, it’s more enjoyable for people to browse for homes. Homes also benefit in curb appeal around this time as the flowers bloom and the trees fill out. 
Keep in mind that with the housing market picking up, homes for sale face more competition, and less urgent buyers. Your house may have better curb appeal and gain attention from numerous buyers, but chances are those buyers have a wide variety of equally appealing listings to choose from, making your chances of selling a little slimmer.

Selling Your House in the Summer
Spring isn’t the only time to sell, still, it does offer prime market opportunities. In fact, for some areas, June is the best time of year if you want to sell a house fast.
With summer days come summer daylight hours, extending the time you have to show your home to prospective buyers. People also usually take vacation time this season, allowing you and home shoppers more opportunity to meet. 
Summer also lends a sense of urgency to home buyers. Many need to get into a home before their kids begin school, causing them to make more competitive offers to secure a deal. The summer market also allows you to use the spring sales data to gauge the best listing price.
If you live in areas where the heat becomes unbearable, then the summer months may not be the best time to sell a house. In the summer, you may also find yourself in a seller’s market, as the number of offers on homes increases. You may also have to spend more on making your home show-ready, since this is usually the busiest time for landscapers and contractors.

Selling Your House in the Fall
Fall usually sees a dip in the housing market. However, if you live in an area where spring and summer bring terrible weather or autumn colors enhance your curb appeal, then fall may be the best time to sell a house. 
Even if the prime market is during the warmer weather months, there are some advantages to listing your home in the fall. 
You can easily find yourself in a buyer’s market since many people are settling in for the upcoming winter. Look out to weed out the buyers who are just window shopping. 
By listing in the fall, you also have more access to home renovation professionals and landscapers at a discount, since they’re coming off of larger summer jobs and will be looking for work.
Of course, there is a reason that fall isn’t the prime selling season. The market slows as schools open and the weather begins to turn. Some homes lose their curb appeal as the foliage and plants begin to wither. 
In the fall, you may have to appease more demands due to the decrease in competition between buyers.

Selling Your House in the Winter
Winter, especially December, sees the largest decrease in home sales for most of the United States. The inclement weather is enough to keep most buyers at bay, and even if it’s not, most buyers are spending their money on the holidays. 
However, if you live in a southern state, such as Florida or Arizona, then the winter can be the best time to sell a house.
When selling during the winter months, you normally come across only the most serious buyers. This benefit is two-fold since your house will have significantly fewer competing homes on the market. 
The winter season definitely comes with its drawbacks. If you’re desperate to sell your home, you can be at the mercy of the buyer, making deals and concessions to which you wouldn’t normally agree. You may also have a hard time showing off your beautiful yard if it’s buried underneath a pile of snow.
If you do sell your home, then you have to deal with moving during the coldest time of the year—an unpleasant task, to say the least.

Timing the Housing Market
The season isn’t the only consideration that you have to take into account when deciding to list your home on the market. One of the biggest factors that will decide if you’ll profit or if you’ll falter is your local housing market. 

Selling in a Buyer’s Market
The first thing you want to analyze is your local market conditions, specifically to see if you’re in a buyer’s market. A buyer’s market is when there are more homes up for sale than there are buyers looking for them. 
In these market conditions, you can expect buyers to be pickier, for your home to stay on the market for longer, and for prices to flatline. A buyer’s market can be extremely difficult for home sellers to sit through. 
To make sure that you don’t take too large of a hit to your bottom line, you want to safeguard yourself as best as you can.
First, you want to study your local competition. By understanding what’s on the market in your surrounding area, you can try and leverage any additional features that you have to edge out the competition. If you have a larger yard, a pool, or are closer to a school, then you need to make sure these are highlighted. Whatever little advantage you have over another seller needs to be emphasized. 

Selling in a Seller’s Market
Finding yourself in a seller’s market can be a huge boon. A seller’s market is when there are more home buyers than there are listings. During a seller’s market, you can expect to receive more offers and a chance to sell at the price that you want. 
But just because supply and demand are in your favor doesn’t mean that there won’t be obstacles to selling. You still have to set a reasonable price for your area, and you still have to invest in staging your home.
If you have trouble making decisions, you might have trouble with the multiple offers that you receive to determine which offer is the best for you. You may also have to sell and vacate your home before you’ve established another house. This could lead you into renting a place and having to enter the market as a buyer in a seller’s market.

You Determine the Best Time to Sell!

You might be prepared for the move, or it might be a sudden decision forced on you. But selling your home doesn’t have to be a daunting endeavor. If you want to sell your home quickly and without having to hire a real estate agent, landscapers, and complete major repairs, then you will want the look into a company like us at 8 Day Home Sale.

At 8 Day Home Sale, we offer you a way to escape the need to research the best time to sell a house. With the help of a professional home buyer, selling your home can be a quick, easy and hassle-free task. Unlike the traditional method of selling your house, we buy houses for cash!

Call us today at 301-242-SELL or use our online form to get started! We’ll get you a cash offer within 10 minutes and walk you through the process of selling your house for cash.

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.