It’s a seller’s market in much of the United States and you have a house to sell. But there’s a catch: you need to sell quickly.
If the thought of finding a real estate agent, readying the house for showings, and waiting for the sale to close seems like it will take too long, you may have another option. Real estate investors often buy homes AS-IS and for CASH, making for a quick sale.
Who are real estate investors?
There are several types of real estate investors. A professional home investor may be a person or a company that buys homes as all or part of their long-term investment strategy. Or they might be one-and-done buyers planning to take on one home to resell at a profit. Residential real estate investors may own one or many investment properties.
You’re likely to be familiar with the concept of house flippers from television series such as “Flip or Flop.” Flippers buy homes that need a lot of work but are often in neighborhoods with buyer interest or have a floor plan that appeals to today’s families. They buy below market value, then quickly gut and remodel before putting the home back on the market in move-in condition.
Often referred to as wholesale investors, these investors buy houses buy below market value, but don’t plan to make any repairs or upgrades before putting the house back on the market. Quick resellers often buy a lot of homes at once, making less profit off each home individually, but making up for it in volume.
A longer-term strategy of real estate investment can be buying homes in desired residential areas, then renting them out, often over many years. These landlords could be individuals or companies. These investor landlords may put some money into repairs and upgrades, but typically spend a lot less than house flippers before the home’s next residents move in. Some buy when the owner is underwater on their mortgage, then rent it back to the people already living there.
Some real estate investors with a long-term financial strategy may buy homes to hold onto until the market improves. Others buy homes in an area they know will be bought out by a local government with plans to extend a road or rezone for business several years in the future.
Instant Buyer, iBuyer, Cash Offer
The newest category of real estate investors is referred to in real estate jargon as an iBuyer or instant buyer. These home-buying services use technology and data collected on home sales within a particular market to make offers to homeowners. Some don’t even view the home before making an offer. Some real estate companies have recently gotten into the iBuying business in some markets as has Zillow and national brokerage Redfin. Other companies start with the sole purpose of making instant offers and buying directly from homeowners.
Ready to sell your house fast Washington DC?
8 Day Home Sale is not a traditional realty company. Rather, we offer a service to homeowners who are willing to make a little less money in order to not have to deal with the hassles of Realtors, home repairs, inspections, marketing preparation, open houses, etc. Many sellers are in dire situations such as foreclosure, bankruptcy, divorce, tax default, inheritances, etc and don’t have time to list their house on the MLS for 3 months. We offer those sellers an important service by buying their house “as is” for cash on their time line.
Call us today at 301-242-SELL for your same day cash offer!
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
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 it comes time to purchase a house in Maryland, Virginia, Washington DC, or Baltimore, buyers have a lot of options. Some of the most commonly compared housing options comes down to condominiums versus single-family houses right now.
Aside from location, housing type is one of the most important decisions for an individual or family to make. It’s important to sit back and really consider the unique pros and cons that accompany condos and single family homes today, as they could make or break your living experience. By focusing on lifestyle and cost, you can better determine which is right for you.
PROS: In recent years, there has been a huge upswing in condo purchases over homes due to a resurgence in urban living. Condos are most typically located in urban areas, with walkability to shops, restaurants, and other places of interest and entertainment. Condos come with resort-like amenities, including pools and fitness centers, cleaning services, and 24-7 support. Especially with people living busier lives today, condos offer a convenient solution to a low-maintenance lifestyle.
CONS: As you could guess, this kind of convenience plus luxury amenities does not come at a cheap cost. One major drawback to the condo life is association fees, collected outside the monthly mortgage payment and put towards building maintenance and amenities. These fees can be expensive, and they can increase at any time when extra money is needed. Additionally, condos mean you’re sharing a building with other homeowners, presenting a potential for noise and other disturbance complaints.
Single Family Home
PROS: The best advantage of buying a single-family home is that you have total control over the property. It is all yours. You can remodel, make changes, and do whatever your heart desires without the consent of others. Homes also allow for extra indoor and outdoor space, providing you with much more wiggle room than a condo. Accommodating for families and pets, your home can expand with your family, equipped with closets, attics, basements, and garages. Lastly, homes offer you more privacy, placing outdoor space between you and your neighbors.
CONS: Homeownership is tough work, however. As part of the privacy and personal control perk, you are completely responsible for maintenance inside and outside the property, including upkeep of the yard and trees. You also need to factor in buying equipment and tools for the maintenance when purchasing a home, as well as the service costs for bringing in professionals to make repairs. Finally, utility bills with homes are much higher than condos, as you have to heat/cool and power up much more space than that of a condominium.
What’s Right For You?
If you’re single, looking for an urban setting and working long hours at work, a condo might seem appealing. However, if you’re newly married, looking to start a family and add personal touches to your living space, then consider the single-family home option.
Almost everyone will sell their house at some point. Here are some indications that will help you find the right time to sell my house fast in Maryland, balancing market conditions and your life situation.
Many people will tell you “if your house has increased this much in value, it’s time to sell”. In reality, no one can predict the market or how much your houses value will rise. Aside from massive economic corrections, home values tend to rise except in specific circumstances. You certainly don’t want to sell if your house’s value hasn’t risen enough to cover the closing costs and realtor fees that you’ll have to pay. Look for comparable home sales in Maryland on Zillow to better understand your house’s value.
If you’ve had a major life event, such as having a child or losing a spouse, it could be time to sell my house fast in Maryland. If your lifestyle does not fit your house, e.g. the house is too big or not in the right school district, it’s time to sell. The quality of your life is more important than losing thousands of dollars in the short term.
If you can’t afford a house any longer, either because you are burdened by mortgage, taxes, or upkeep. It might be time to sell.
As always, if you are looking to sell my house fast in Maryland, 8 Day Home Sale can help. We buy houses in Maryland for cash, paying all closing costs and charging no fees. We even clean out the house for you.
As a house seller, there isn’t a bigger relief than to finally close on selling your house. You managed to find the right buyer and got the deal you wanted, so there are just a few steps to go through and you will be ready to move on. After all you’ve been through to sell this house, you probably see the closing as the easiest part. Well, it can be, if everything runs smoothly, but it’s usually easier said than done. It’s best to prepare for worst case scenarios or at least know what things could go wrong so you can be prepared to handle them. Don’t know what to watch out for when you are closing on your house sale in Maryland? Then the following details may prove to be more than useful:
Take care of all the repairs you have to do
If the buyer agreement states that you are going to take care of making the repairs necessary to pass on the house in good condition, then you should do them now. It is true that no one feels motivated to work on a house that is almost sold, but leaving the repairs to the last minute is not a good option at all. Make sure you allow sufficient time to make all the needed repairs or there may be problems during the buyer’s final walkthrough. Save all the invoices released by the contractors you hired and receipts for the items you purchased so you will have proof of everything you did in case the buyer contests the repairs before you actually close the deal.
Get ready for the final walkthrough
Just before the closing, in most cases 24 hours prior to the closing, the buyer accompanied by his agent will walk through each room of the house. You should not be present at the final walkthrough, which doesn’t last for more than half an hour in most cases. Make sure that everything is in order. They will look to see whether you repaired what you promised to repair and if the house has any major issues that they don’t know about. If they find something wrong, you will be notified right away, getting the chance to repair the problem or settle for a trade.
Check out the closing documents
If everything goes according to plan, all you’re left to do is to read and sign papers to close your house sale in Maryland. Although it may not be that exciting to read all the papers, do know that some are more important than others. For instance, you need to read the settlement statement, because it contains the amount of money you agreed upon with the buyer and the tax implications of earning such a sum through selling your house. You’ll have to check the numbers to see whether they correspond with your verbal agreement, so you can point out any issues to your attorney or real estate agent in a timely manner.
There are cases in which the buyer would like to renegotiate right before closing. No one wishes to get to this point, but you might just listen to what the buyer has to say since you gotten this far. Maybe you can settle if you agree to offer the dishwasher and dryer. If the buyer wishes to get a smaller price, then maybe there’s no other option but to delay the closing until you manage to reach another settlement or find a solution to the problem. It’s easier to negotiate than file an expensive, time consuming lawsuit.
If you are looking to save money on estate agent fees and want to avoid the time consuming paper work and back and forth that comes with it, then you might wish to consider a quick home buying company to sell your house fast for cash. However, with the rise in demand for real estate investors that buy in cash the industry has become a little crowded with some less than desirable companies. It is getting harder to find the best, most trustworthy companies. Here are some of the things you should ask before committing to a company.
Is the Company Based in Your Area?
There is a massive network of “we buy houses” companies that attempt to sell your house fast for cash from across the country. These companies are less likely to provide a good customer experience as they will attempt to do business via the phone. Also, companies that buy houses for cash in your area are much more likely to know your neighborhood and thus give you a fair price. Make sure to determine if the company you are considering is based in your area.
How Long Has the Company Been in Business?
Companies that have been in business for 3+ years are much more likely to give you a fair price on your house and a good customer experience. Be wary of “we buy houses” companies that are brand new.
Is the Company Actually a Company?
Many people claim they are a “we buy houses” company to try to sell your house fast for cash. In reality, they are just a single person and not reputable. Make sure the company you choose is a reputable business and not just a single individual.
Will the Company Commit to a Time Frame?
Reputable “we buy houses” companies will commit to a timeframe in which they can sell your house. Before signing any contract to sell your house fast for cash, check to make sure there is a guaranteed “close by” date.
At 8 Day Home Sale, we buy houses for cash in 8 days or less. We’ve been in business for years and are rooted in the DMV area. Head over to the contact page if you’d like a no obligation quote on your house.
The biggest investment that a person makes in their entire life is buying a house. So, it is obvious that when it is time to sell your house fast, a homeowner needs to be cautious and well aware of the market, maintenance of the house, etc. Is there a best time to sell a property? Well, yes, there is indeed. However, that doesn’t mean that properties are sold only during this time. People sell properties throughout the year but the best deals are obtained during the peak season.
As per the experts, the best time to sell your house fast and for the best price is early to mid-spring. There are many reasons for it:
- Your home looks much more beautiful in this season because of the greenery all around. The lawns and the gardens of the homes look more vibrant and lively than they do in winter season. Moreover, the weather is warmer and there is more daylight assuring more buyers than in the other seasons.
- Prices can be quoted higher because of more demand and less supply.
- You can obtain better valuation during the prime season because of the properties that are sold in the neighborhood.
- Parents decide to buy houses during this time of year since it is near the end of the school year.
At 8 Day Home Sale, we buy houses for cash year round. The season does not matter to us as we always provide fair cash house offers to homeowners. If you want to sell your house off-season, talk to us first.