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

Spring 2021 Tulips
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 Reasons why more old house sellers trust wholesalers

reasons to sell your old house

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

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

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!