How Real Estate Investors Differ From Regular Home Buyers

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

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

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

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

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

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

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

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

How To Find an Investor to Buy Your House

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

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

Who are real estate investors?

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

Flippers

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

Quick Resellers

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

Landlords

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

Buy-and-Hold Investors

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

Instant Buyer, iBuyer, Cash Offer

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

Ready to sell your house fast Washington DC?

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

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

How to Sell Your Inherited House with Title Issues

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

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

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

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

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

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

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

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

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

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.

The Best Up and Coming Washington DC Neighborhoods to Buy a House

The term best is really quite a subjective word, especially when you’re discussing real estate in the Washington D.C. location.  But, as we end 2018 and fly into 2019 there are a few neighborhoods that everyone would agree are definitely “up there” when it comes to the best places to buy a home or invest in real estate in the coming year.  Let’s check em out!

Kingman Park

Right next to Capitol Hill, this up and coming neighborhood has two big things going for it.  First it’s right next to Robert F. Kennedy Memorial Stadium. And second, it’s still quite affordable!  Right now The District of Columbia is renovating the RFK campus and many people think the surrounding neighborhoods like Kingman Park will be big beneficiaries of this.  As of now, you can grab a livable row house for about $400-$600K. Not a bad investment with a bright future!

Edgewood.

In the Northeast corner of the District, this neighborhood is nestled right in the middle of the Bloomingdale, Brookland and Eckington, three areas that have seen explosive housing and retail development over the last few years.  The great thing about Edgewood is that it’s close to all the new amenities of these three booming neighborhoods, but you can purchase a quaint row home here for roughly a third of what you’ll pay in Brookland. You’ve got a great restaurant scene and you’re right next to The Catholic University of America, the Brookland Red Line and Monroe Street Market.  What’s not to like?

Hillcrest

If it’s more of a suburban feel you’re after, this neighborhood is located in the Southeast corner of the District and a short commute to Capitol Hill.  You’ll find charming brick colonials for about half the price compared to Capitol Hill row, and the views are incredible!

A Look at the Increase in Property Values in Washington, D.C.

If you’ve ever been to Washington DC, you’ll understand why thousands of people continue to flock there.  It’s a beautiful city, with a rich history and all the amenities residents could wish for. And for the first time in over a decade, property in the nation’s capital is selling as fast as it can be listed.  Property values are on the rise in Washington, D.C., and don’t show any sign of stopping.

High Demand

The reason for the increase in property values is simple: high demand and short supply.  There are more buyers looking for property than homeowners selling. When the demand is high, prices go up.  Even homes valued in the millions are selling quickly, a strong indicator of the desirability of the area. Houses and condos that are listed in the region are off the market in an average of 18 days.  With property selling so fast, buyers need to be ready to make an offer immediately, and many sellers are enjoying bidding wars, which can drive up their selling price significantly.

New Inventory

With so many buyers looking for a place to call home, new construction and development is expected to increase as well.  Developers can sell these new houses and condos at a premium, since many homeowners don’t want to have to deal with renovations and repairs.  Buyers in today’s market want their house to be move in ready, looking like the properties they see on T.V. and in magazines. These conditions in the D.C. real estate market are all coming together to create the perfect scene for increased property values.

Washington, D.C., and its surrounding areas, have long been one of the most stable real estate markets in the country.  The region continues to enjoy an influx of residents, and the rising property values reflect the high demand for housing, with no signs of slowing!

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.