Our latest articles
February 28, 2020
Selling Property As A Landlord Doesn’t Have To Be Difficult
As a landlord, selling your property can seem like a tall order. After all, you have to worry about selling while you have tenants who are currently living in your property. Traditional home sales typically have owners hold an open house for interested parties. But as a landlord, this generally isn’t an option. For one family who owned a rental property in Washington DC, the idea of selling presented a problem. That was until they began working with 4 Brothers Buy Houses. 4 Brothers Buy Houses helped Marvin and his wife sell their rental property so that they could move on into retirement. Here is their story.
Marvin Owned A Rental Property On Croffut Place
Marvin and his wife owned a rental property on Croffut Place SE in Washington, DC. The family had bought the property in 1988, and had used it as a rental for most of the time that they owned it. Eventually, Marvin and his wife decided that they wanted to retire. They no longer wanted to be landlords. Dealing with fixing up rental properties and working with tenants no longer had an appeal. First, Marvin’s tenants approached his family about purchasing the property. They were interested in making a deal, but they couldn’t receive the necessary financing. Marvin and his wife weren’t sure what to do–they wanted to retire, but they didn’t know how they could sell their property in a timely manner. That is when they heard about 4 Brothers Buy Houses.
Selling To 4 Brothers Buy Houses Took A Month And A Half
Marvin first made contact with 4 Brothers Buy Houses on October 1st of 2019. By the 10th of the month, we met with him, took a look at the property, and made an offer. Marvin took a few days to think about the offer, and accepted on the 15th of October. The sale couldn’t be finalized until the tenants moved out of the property, which they did on the 31st of October. The sale was closed on November 20th. It took Marvin about a month and a half from first contact with us to final closing. He and his wife were able to get the cash value they felt their property was worth. The money allowed them to start a new chapter in their lives and move on to retirement. Selling a rental property with tenants living in it wasn’t so difficult after all.
If you own rental property and are worried about how you are going to sell, don’t fret. Contact 4 Brothers Buy Houses in order to get a free, no obligation quote. The sale process is handled on your terms and your timeline. You can make a decision at the time that makes the most sense for you and your family. Give us a call today, and we can help you start the process of selling your rental property, just like we did with Marvin and his wife.
February 26, 2020
2020 Expected To Be A Strong Year For The Housing Market
The supply of homes up for sale in the United States has fallen dramatically, playing into the hands of sellers who are looking for a strong market. According to the National Association of Realtors, the housing inventory for the month of December was just 1.4 million units. That would be the lowest level in about two decades. With demand increasing, sellers are in a stronger position. Low interest rates are also helping buyers afford mortgages and driving up the number of offers that sellers are getting. Let’s take a look at the state of the housing market in 2020 and why this might be the best time for you to sell.
Here are the reasons:
Housing Demand Increasing While Supply Dries Up
While housing units on the market have fallen, the amount of interested homebuyers has spiked. Several mortgage purchase indices, such as the MBA Purchase Index, which tracks the percentage of homebuyers applying for mortgages, have seen huge gains in recent months. This indicates that buyers aren’t waiting for market conditions to change, they are interested in purchasing a new home now. This could partly be due to millennial buyers gaining comfortable employment or starting families.
Low Interest Rates Driving More Buyer Interest
Low interest rates have helped to spur this interest in the market. Buyers are finding it relatively easy to afford financing, and this has provided them with outsized purchasing power. Analysts expect buyers to remain motivated in the coming months, which could keep the housing market hot for at least the first half of the year.
Sellers May Find This Is The Best Time To Sell
Sellers who are interested in putting their home on the market may find that this is the best time to move. The housing market conditions are favorable to sellers right now, but that may not always be the case. In the coming months or years, rates could rise, meaning that it becomes more expensive for buyers to borrow. If that happens at the same time when the housing supply increases, there could be a glut of homes on the market with few buyers to scoop them up. If you are interested in selling your property, this might be the best time in the near future to make a move.
Want to sell your home without having to jump through all the traditional hoops? You don’t have to chat with multiple prospective buyers or spend months sitting down with your real estate agent on the repairs and renovations you’ll need to make. You don’t have to sit at your computer considering the trends of the market and if they’ll move against you. Instead, you can call 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your home for cash, as-is. We’ll provide you with a no obligation quote and you can make the decision that best suits your needs. Contact us today and find out how easy selling your home really is.
February 21, 2020
3 Things To Know About Negotiating With Homebuyers
Negotiation isn’t just for homebuyers, it is for sellers as well. Sellers need to understand how they can use the negotiation process to their advantage so that they can get the most value out of their property as possible. Are you prepared to handle a counteroffer? Are you going to take the first offer you get or are you prepared to wait for other offers?
These are some of the questions that you’ll need to answer before you really step into the world of selling your property.
Get Inspections Done So You Know Your Property Inside Out
Sometimes, you’ll have to deal with prospective buyers who will attempt to tell you what’s wrong with your property. They’ll talk about the repairs that your property needs and label those supposed repairs as reasons why your home will fetch a lower offer. When you get your inspections done early, you can easily offer a rebuttal in the negotiation process. You’ll have the paperwork to show that your home doesn’t need any other repairs. Having documentation is absolutely key here.
Consider Offering A Home Warranty
If you want to incentivize homebuyers to take a second look at your property, think about offering a home warranty. Even if you know that nothing is wrong with your property, a home warranty can give buyers peace of mind. It is something you might want to think about offering in a scenario where homebuyers are negotiating in good faith and you want to push things over the finish line.
Make Sure Time Works In Your Favor
You want to make sure that time works in your favor, and that you aren’t negotiating on someone else’s timeline. You can do this by putting deadlines on your counteroffers. This creates a sense of urgency and stops buyers from taking their time when making a decision. You don’t want buyers to use you as leverage when negotiating other offers. So instead of waiting around, take ownership of the negotiation process and make sure that you have a strategy. Your real estate agent may be able to help you determine a selling strategy that best fits your specific needs.
Not interested in learning the ins and outs of the negotiation process? No worries–you can sell your property without having to go through lengthy and frustrating negotiations. All you have to do is contact 4 Brothers Buy Houses. At 4 Brothers Buy Houses, we’ll purchase your property for cash, and we’ll handle all of the paperwork! You can get a free, no obligation quote at any time. This allows you to sell your property on your own schedule, so that you can focus on what matters most–getting your hard earned cash. Give us a call today!
February 15, 2020
How To Get Your Property Ready For Spring
The winter months aren’t only cold when it comes to the weather, they’re also cold when it comes to the real estate market. The fewest sales get completed in the winter months, but the market tends to get warmer as the snow melts. If you want to be prepared to sell your property in the spring, you’ll need to be prepared for competition. There will be plenty of other homeowners who have the same idea. That is why standing out with curb appeal and completing all of the necessary repairs is key to having a successful spring sale. Here’s how you can get started.
Make Sure Your Yard Is Inviting After The Winter Months
Curb appeal is a huge part of making sure that your property gets enough eyes on it. That means clearing out dead leaves and debris from your front yard. It also means making sure there are no unsightly tree limbs or shrubbery to deal with either. You may want to hire a landscaping company to ensure that your front yard looks inviting. The winter can be tough on your grass. A good idea may be to plant warm colored flowers like tulips.
Utilize A Spring Color Theme Throughout The House
What’s spring without warm pinks, blues, greens, and yellows? Make sure that your home’s interior design is full of rich, warm colors. In the winter months, there is little sunlight, and everything seems to look and feel black or white. You want to project the opposite of that. Think about buying new curtains, blinds, or drapes. When you can, open the windows for maximum sunlight.
Spring Means More Competition, So Make Sure Your Repairs Are Completed
When you sell your property in the spring months, you should know that you are going to have a lot of competition. If you want to keep up with the competitors, you’ll need to make sure that you’ve already handled all of your repairs and renovations. If you are planning a spring sale, getting those fixes done in the last month or two of winter can be the difference between selling early and selling late. You don’t want to get caught waiting for buyers who expect your property to have certain repairs. Get it done early.
Thinking about selling your home in the spring? If you want to sell your property without having to worry about competition and renovations, then you want to call 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your property for cash so that you don’t have to worry about expensive repairs or open houses. You can sell your property on your terms and get the kind of value out of it that you always wanted. Instead of spending months on listings and in meetings with real estate agents, give 4 Brothers Buy Houses a call and get your free, no obligation quote today.