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!

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.

Pros and Cons of Renovating Your House before You Sell

To renovate or not to renovate. That is the question homeowners are asking themselves in the Maryland location, Virginia location, and Washington DC location before putting their house on the market!

You want to make it attractive to potential buyers, but you don’t want to spend unnecessary expense either. Whether you want to renovate your home before selling, or just put it on the market as-is is a choice that should be considered carefully!

Renovating before you sell PROS

  • Increases market value

Especially if the home you’re trying to sell has been around a while, renovation can give it a more up-to-date look, increasing its value and its attraction to potential buyers.

  • Provides a ready-made home

People searching for a new home have mostly likely seen tens or even hundreds of homes already. A renovation could be just what your home needs to stand out from the crowd. Making a few tasteful renovations can help potential buyers envision themselves living in your home.

  • Decreases reasons to not buy

Potential home buyers may feel overwhelmed by the amount of homes on the market, so, to narrow down their search, they are often critical of the smallest defects. By offering coveted updates, a newly-renovated home has less chance of being dismissed.

Renovating before you sell CONS

  • Time sucking

Renovations take time. If you don’t have time to oversee renovations, or you need to sell your home fast, renovating may not be the best choice.

  • More expensive

Renovating your home can quickly become costly, which may reduce your overall ROI.

  • Takes longer to be market-ready

Even though renovated homes tend to sell faster than non-renovated ones, renovations make it longer before you can put your house on the market. And sometimes that means you have to live in a home-turned-construction-site while the renovations are taking place!

8 Day Home Sale buys houses “as is” for a fair price. If you are looking to sell, talk to us first.

 

 

Sell Your House FAST with These 6 Tips

Perhaps the realtor just put the “For Sale” sign in your front yard this afternoon, or maybe you are just mulling over the idea of selling your house. Either way, consider these 6 timely tips to sell your house…FAST!

  1. Curb appeal. First impressions mean everything to a prospective buyer. Your front yard, including your entryway, is the very first thing a possible buyer is going to see, and it needs to look attractive. Make sure your lawn is mowed and plant fresh flowers around the entryway. Make it look inviting. If you are scratching your head, just ask your neighbors to offer suggestions. They’ve been staring at your house for a long time and those fresh eyes can give you ideas.
  2. Fresh coat of paint. Each room in your house should have a neutral color. Those old, bold colors have got to go. They may look nice to you, but a prospective buyer will have a different view. Paint those rooms with a neutral color and let the buyer’s imagination take over.
  3. Clean. Clean. The new owner won’t want a house that needs carpets cleaned, bathrooms cleaned, etc. They want a house that is ready to be moved right into and they don’t want to imagine 2 weeks of cleaning. Again, ask neighbors over to see where they think the house is dirty and needs cleaning.
  4. Smell the cinnamon! Grab a bunch of air fresheners of exactly the same scent and put one in every room. Cinnamon works well because it reminds people of warm family times. You want to make use of all of the senses.
  5. Big TV. One of the best tips I’ve used through the years is to buy a brand new, big screen TV, leave it in the box, and put a large sign on it: Housewarming gift to the new owner! Put it in the living room, still in the box. This tip will really help to sell your house fast!
  6. 40 days. Tell your realtor you want to sell your house in 40 days. They will recommend a price that will fit your local market. You want to sell your house fast, and 40 days is a fairly common time frame for correctly priced houses.

If you are looking to sell your house fast in the Maryland location, Virginia location, or Washington DC location, contact us.

Taxes Involved When Selling Your Property

Selling your property in the Virginia location, Maryland location, or Washington DC location is already a complicated process without stressing about the taxes you may have to pay.  Depending on the type of property you are selling, your profits may be tax-free.  Let’s take a look at how taxes are structured for property sales.

Primary Residences

If the house you’re selling is your primary residence and you have lived there for more than two years, a portion of the profits that you earn from the sale are tax-free.  If you’re single, you are exempt from paying taxes on home sale profits of up to $250,000.  If you file taxes jointly with your spouse, up to $500,000 is tax-free.  Any profit that exceeds these amounts needs to be reported as a capital gain.

Investment Properties

The sale of an investment property you own, such as a rental home or apartments, could mean a chunk of your profits will be lost to taxes.  Capital gains tax applies to the profit earned from the sale of a property that is not your primary residence.  The IRS allows investors to take the profit earned from the sale of one property and re-invest it without having to pay tax on it.  Investors can also offset the profit against losses in other areas to avoid paying so much in taxes, or you could avoid it completely by living in the home for two years prior to its sale.  The fine print in all of these instances is important to take note of.

Summary

When filing taxes, homeowners can exclude up to $500,000 of their profits if they’re married.  Investors can pair their profits with losses in other areas, or re-invest the money earned to avoid the high capital gains tax.  Whatever your circumstances, be sure to talk to an expert to fully understand the tax policies and how you will fit into them when selling your property.

What Should I Do if I Am in Tax Default in Maryland, Virginia, or Washington DC

Though we don’t always want to think about the worst case scenarios of homeownership, they can happen. Tax default is one of them.

What is Tax Default?

Tax default happens when you don’t pay property taxes for a duration of time set by your county. The past-due amount becomes what is known as a tax lien on your house. Your house cannot be sold without paying off the lien. Eventually, the lien can be sold to someone at auction, called a “Tax Sale”. The winning bidder will collect interest on the tax lien and eventually be able to take over ownership of your house, if you don’t pay off your delinquent tax amount with interest.

What Should You Do?

If you know are in tax default or know a tax sale is coming, your options are limited. Presumably, you don’t have the money to pay the back taxes. If this is the case and you have equity in your house, your best bet is to sell.

Since the typical home-selling process can take up to 6-months before a buyer closes on the house, you want to consider real estate investment companies who will pay, in cash, for the house in just a few days time. That way, you will receive the proper compensation for the value of your home, and be free of the impending governmental burden that will be used against you for back taxes, fees, and interest.

At 8 Day Home Sale, we are here to help, and we buy houses in Maryland, Virginia, Baltimore, and Washington DC for cash. Contact us if you are facing tax default.

When Is the Best Time to Sell Your House?

How long have you been thinking about selling your house in Maryland, Virginia, or Washington DC? Is your current property too large? Too small? Too expensive? Too hard to manage? Are you ready to travel more? Whatever the reason, you’ve been thinking about a move but you don’t know if it’s the right time to move?

The right time might have arrived!

The truth is that whenever you need to sell is the right time. There are advantages and disadvantages for all seasons. Certainly the spring selling season gets the most attention, but selling a home during the slower winter months has advantages as well. For one thing, in the winter there is less competition as home sellers wait for the warmer months to list. Additionally, buyers tend to be more serious as the effort it takes to view homes in the ice and snow is less appealing than dropping into an open house while out for a summer drive. Finally, your house in Maryland, Virginia, or Washington DC never looks better than when it’s dressed for the holidays.

The first step in making a good decision is information. You would be amazed how many people will use stories they’ve heard at the grocery store to make the decision to sell a home. Selling a property is one of the largest financial transactions a person makes in a lifetime, you have to get all the information you can to make that informed decision.
So is it time to sell?

You might have more money sitting in your home than you expect. If selling this time of year makes personal and financial sense for you and your family, then sell. Take the time to learn more about the current market and available properties and then examine your own goals. Selling a home in any season has advantages; the timing has more to do with your own needs and wants.

As always at 8 Day Home Sale, we buy houses in Maryland, Virginia, and Washington DC for cash. If you need to sell your house fast, let us know.

How to Know When It’s the Right Time to Sell Your House

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.

House Values

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.

Lifestyle Change

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.

Financial Issues

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.

Understand Title Insurance

While terms like car insurance and homeowners insurance are quite familiar to most of us, most are unaware of title insurance and its importance. It is a crucial part of any house purchase.

What is title insurance?

When selling your house, your closing attorney executes a title search to ensure that the property is free of any existing liens or zoning restrictions. For this, he looks at the deed papers as well as court records for ownership history verification. Title insurance plays a crucial role here. A special type of indemnity policy, it safeguards your financial interests if you face any type of defect with the property’s title. If you are trying to sell my house fast in Maryland or Washington DC, title issues can be a huge problem.

At the time of title insurance policy purchase, an independent search is conducted by the title company to verify that there are no disputes or legal issues surrounding the property’s ownership. Usually, you are required to pay a one-time premium for the policy at the time of closing. Any future discrepancy when the house is sold that needs to be fixed by an attorney will be covered by title insurance.

Protection provided by title insurance

The coverage provided by the title insurance typically depends on whether the policy belongs to the lender or the owner. A lender’s policy is purchased if you are taking a loan from a public mortgage lender. It provides insurance to the full loan amount to the lender if any dispute or problem arises with the home’s title post financing. The policy remains valid until the time you pay off your entire loan, sell the house, or get it refinanced.

The owner’s policy covers the amount paid for purchasing the home. It covers numerous problems like tax liens, deed errors or omissions, fraud, mistakes in public records, forgery of deed documents, etc. It also provides protection in scenarios of unknown heirs surfacing to stake a claim on the property. Few of these policies can also offer extended coverage like protection against structural damage, building permit violations, zoning law violations, etc.

In case of title dispute, both policies cover all legal costs and losses including your down payment, principal payment or any other improvement cost incurred by you.

Is the title insurance really worth it?

The one-time premium amount of title insurance depends on your area of residence and the policy itself. Usually, the cost can be about $2.50 for every $1,000 of coverage. The owner’s policy is slightly more expensive than the lender’s policy. The total title insurance amount can range from few hundreds to few thousand dollars which may look big but is trivial compared to the cost of facing a lawsuit later and getting a complete peace of mind.

Bottom line

Title insurance is worth the money. Without it, the cost of defending a title claim can prove so expensive that you may lose your property.

As always, at 8 Day Home Sale, we buy houses in Maryland and Washington DC for cash. If you want to sell your house, contact us for a cash offer. We will handle title issues for you!