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December 11, 2020

Can you sell a house with code violations?

Having a code violation can be stressful. But just because your property has a code violation, it doesn’t mean that you can’t sell. You might have to lower the asking price if you are selling on the traditional market. But you can also think about fixing the problem if it is small or selling as-is to a cash buyer. 

Having a code violation can be a difficult situation. Generally, code violations are managed by state and local governments. These codes are in place to maintain a level of safety and standardization. There are codes for residential, commercial, and industrial buildings. When you have a code violation, you may need to fix the problem by a certain date. A code violation can also lead to fines that can become expensive over time. Here is what you need to know about selling a home with code violations and what you should expect. 

The Short Answer Is Yes–But You May Need To Lower The Asking Price

Selling with a code violation can be done, but it is still perceived as a liability. You can get around this problem by lowering your asking price. This might not be your preference, but it might be necessary in order to generate interest in a property that has code violations. You also may want to work with a real estate agent who has experience in selling properties that have code violations, since you may need to work with local officials and submit paperwork. 

Fixing The Problem If It Is Relatively Small

If the issue is relatively small, then you may be able to fix it before selling and avoid the code violation issue altogether. A small code violation might be a misplaced smoke detector or handrails that aren’t installed on stairs. These problems may be relatively easy to fix. But there can be larger, more difficult problems as well, such as electrical issues or ventilation problems. You should check with a professional to see the cost of the fix before you figure that you can’t rectify the code violation. You may be able to do it for cheaper than you think. 

Selling As-Is To A Cash Buyer

Another way to get out of a code violation issue is to sell quickly to a cash buyer. An investor will buy your property for cash, and they will provide you with the cash right away. By purchasing your property as-is, you won’t have to make any repairs. You won’t have to make any renovations either. You can bypass the typical rectification of a code violation process by selling to an investor who will deal with the process instead. 

Are you looking to sell your property after a code violation? You can sell to 4 Brothers Buy Houses. At 4 Brothers Buy Houses, our team will buy your home for cash. We’ll buy your home as-is, and you won’t have to complete any major repairs or renovation. After you give us a call, we’ll conduct a brief walkthrough of your home. Then we’ll provide you with a free, no obligation quote. Contact us today and we can get started working on the process. You can sell your home as-is in as little as 3-5 weeks, and get the cash that you need.

December 11, 2020

Can you sell your house after a loan modification?

Families often get a loan modification when they’ve fallen on hard financial times. A loan modification can allow them to stay in their homes and avoid foreclosure. A common question is whether you can sell after receiving a loan modification. The answer is yes–you may want to talk with your lender about how much you owe, but you can still sell your property. 

If you are behind on your property’s payments, you might be interested in a loan modification. A loan modification changes the terms of your loan, and can significantly lower your interest payments and make it easier for you to afford to stay in your home long term. There is some confusion about how loan modifications affect home sales. Taking a loan modification changes the terms of your loan, but does not impact your ability to sell your home. You can still sell your home even after a loan modification. Here is why someone might choose to modify their loan, and how they can sell afterwards.

Why Someone Might Choose A Loan Modification

Someone might choose a loan modification if they are behind on their mortgage payments or anticipate falling behind. Generally a loan modification changes the terms primarily by impacting the interest rate. Borrowers may be able to take advantage of a lower interest rate and use that in order to be able to afford their payments going forward. A loan modification isn’t going to work in every situation. But if you are undergoing financial hardship, you should talk with your lender about your options.

You Can Sell As Soon As Your Loan Modification Goes Into Effect

When your loan modification goes into effect, you don’t have to wait. You can sell your home immediately. For instance, you might use a loan modification to help stabilize your finances. And after that stabilization is complete, you may then look at selling your home once you are on better financial footing. 

Selling On Your Terms

One of the reasons why families who have used loan modifications look at selling to investors is because they want to sell on their own terms. You may have to work with your lender on figuring out how you can best sell your property on the traditional market. But when you work with an investor, you can get a cash offer that allows you the flexibility to move on your own timeline. Having that financial flexibility is crucial, especially for those that are looking to sell after going through a difficult period. Being able to sell on your own terms is something that makes selling to an investor more of an attractive proposition. 

Getting a loan modification doesn’t preclude you from selling your property. A loan modification may hurt your credit, but you will still be able to sell your home. It can be easiest to sell your home as-is, for cash. At 4 Brothers Buy Houses, we can help you with that. We specialize in buying homes just like yours in the DMV area. If you are looking to sell your home for cash, give us a call. We’d be happy to purchase your property. Our team will give you a free, no obligation quote and you can move on it on your timeline.

December 11, 2020

How to sell your house if you are behind on payments

If you are behind on your mortgage payments, that doesn’t mean that you can’t sell your home. Countless families have sold their properties even after falling behind on their mortgage. You can avoid foreclosure by selling quickly. A great way to do this is by selling your property for cash.

Thousands of Americans have fallen behind on their mortgage payments and were still able to sell their homes. Just because you’ve fallen behind on your payments doesn’t mean that you won’t be able to sell your property. It might mean that you will need to sell before a certain date. In some cases, lenders have 120 days to foreclose on a property after a series of late payments. Selling before that date could allow you to retain your equity. In cases where the home is now worth less than the mortgage, you may be able to conduct a short sale. You also can sell your property as-is to a cash investor. 

Falling Behind Doesn’t Mean You Can’t Sell

The most important thing to realize is that countless American families have fallen behind on their mortgages. They could still sell their properties. Selling is one of the rights of ownership. Recognizing that you can still sell is important, because some families get paralyzed with the fear that not paying a mortgage will stop them from being able to conduct any type of real estate transaction. That isn’t the case. 

You Can Sell Quickly To Avoid Foreclosure

One of the reasons you may want to sell your property quickly is to avoid foreclosure. Typically, lenders get a set amount of time required by law–usually 120 days–before they can foreclose on a property after the homeowner stops paying. If you have fallen behind on your mortgage payments and want to sell, then you probably need to sell in this window. If you don’t, the bank could foreclose on your home and you could lose the equity. For this reason, it is advisable to sell as quickly as possible. 

You Can Also Conduct A Short Sale

In cases where the home’s value is less than what is owed on the mortgage, you may be able to conduct a short sale. Short sales are always pending lender approval, so you’ll have to check with your lender to see if you are eligible to conduct one of these types of transactions. Short sales tend to be more rare than traditional home sales, but they may be an option for you if you are underwater on your mortgage. Another option for selling your property quickly is selling as-is. You can sell your property for cash to an investor and avoid the hassle of dealing with the traditional sale process.

If you are behind on your mortgage payments, you can still sell your property. You don’t have to worry about going into foreclosure. You can sell your property to 4 Brothers Buy Houses, and we’ll work with you to get you the value that you deserve for your home. Regardless of the condition of your home, we will buy it for cash. You don’t have to do any expensive renovations or repairs. Give us a call today, and we can provide you with a free, no obligation quote. Let’s get started.

December 11, 2020

How to sell your house to an investor

Selling to an investor is a great way for homeowners to get cash for their property immediately. This is a great option if you have inherited a property, your property is in disrepair, or if you just want to complete the transaction as quickly as possible. You can find real estate investors by searching online or looking for local advertisements. 

More and more homeowners are selling their properties to investors. Investors offer homeowners a great way to sell and get cash for their properties as quickly as possible. If you are inheriting a home, going through a foreclosure, or need cash right now, selling to an investor may be the best possible option for you. It is also easier than ever to find real estate investors, thanks to the internet and to modern advertising. You want to make sure that you are working with a reputable real estate investor that you can trust. Check out their track record and evaluate different offers to see what is the best fit for you and your family.

When You May Want To Sell To An Investor

When is the right time to sell to a real estate investor? Typically, homeowners sell to an investor when they don’t want to complete repairs or renovations, or if they need cash immediately. It also happens during divorces, when families move, or when people are trying to sell tenant occupied properties. Everyone has a different reason for preferring an investor sale, which tend to be much quicker than traditional real estate transactions. Think about if your own situation fits any of these scenarios. You may be a good fit for an investor real estate sale.

Finding Investors Near You

Finding qualified real estate investors is no longer a difficult endeavor. You can find real estate investors in your area through a simple Google search. Real estate investors also tend to take out advertisements in various mediums, including in magazines, on television, and even on social media. You might find a prospective buyer after watching an advertisement on YouTube or Instagram. Keep your eyes peeled for prospective buyers who might be interested in your property. 

Getting The Offer That Best Fits Your Needs

It isn’t uncommon for homeowners to “shop around” for the best possible offer on their property. This happens in both the traditional real estate market and when homeowners sell to investors. You want to make sure that you are maximizing the value of your home and getting the top possible offer available. That might mean that you need to talk to several investors to figure out which one will give you the type of offer that you are looking for. 

If you are looking to sell your property to an investor, you are in the right place. At 4 Brothers Buy Houses, you can get the trusted real estate buyer that you always wanted. We’ll purchase your home for cash, and you don’t need to make any repairs or changes to your home either. We’ll buy your home no matter what the condition. Give us a call today, and we can start the process of providing you with a free, no obligation quote.

December 11, 2020

How to sell an inherited house

Inheriting a home can be a complex process that is difficult to navigate. You may inherit the property along with several other people. You can still sell your inherited home as long as you have a plan. Make sure that you know the state and local tax law so that you can sell the property as quickly as possible.

If you have inherited a home, you may be wondering about the steps that you’ll need to take before you can sell. The good news is that you have options, and you can sell to traditional real estate buyers or to investors. The bad news is that inheriting a home can be a fairly complex process that is difficult to navigate on your own. You have to think about who else is inheriting the home, local and state tax laws, and then you have to prepare the home for a sale. But even with these hurdles, you can still sell a home that you inherit. Here is how you can get started.

Who Else In Inheriting The Home?

The key to selling a home that you’ve inherited is to know who else is inheriting the property along with you. Ideally, you’ll be inheriting the home with other family members who are inclined to sell. But if you have a difference of opinion with others who share in the inheritance, it can be difficult legally to come to an agreement. Things can also get murky if it is unclear if someone else has a claim to the property. Finding a will or other legal documents can help you ascertain who owns what.

Know The Tax Law

Knowing the tax law is important as well. You are going to pay some portion of the proceeds of any inheritance sale, since most inherited homes are not eligible for the home sale tax exclusion. Working with a reputable attorney or tax professional can help you to estimate how much you should be prepared to fork over to the government when you sell your inherited home.

Prepare For The Sale

This one can be emotionally difficult. Selling an inherited home typically means moving all of your loved one’s belongings out of the property and into storage. It means moving on from old memories and leaving something behind. Sometimes, this is the hardest part of the sale process. You should prepare for the sale of the property not only financially but emotionally as well. Recognize that selling an inherited property isn’t easy, and that it can be a tough decision for anyone to make. 

Inheriting a home doesn’t have to be hard. And selling it doesn’t have to be a frustrating process. If you are looking to sell the property that you have inherited, you have options. 4 Brothers Buy Houses will purchase your home for cash, which means that you don’t have to handle any expensive repairs or renovations. Give 4 Brothers Buy Houses a call. We’d be happy to provide you with a free, no obligation quote. Contact us today and we can get started. Selling your property on your own terms has never been this easy. Get the cash offer that you deserve.