Our latest articles
August 18, 2021
5 Benefits of Selling Your Home for Cash During a Divorce
The family home is a major asset to think about when going through a divorce. If neither spouse wants the home or can afford to buy out the other, they can list it for sale. The proceeds from the sale can then pay off the mortgage, and what’s left can be divided between the two spouses.
There are some obstacles to this process, however. If the home needs a lot of work, it’s forcing the couple to work together to make the repairs. Also, it’s possible that the home might not sell for a long time depending on its condition, location and the type of market it’s in.
If you’re currently facing a situation like this, it’s important to know that you do have options. 4 Brothers Buy Houses will buy your home for cash – in ONE week! Below are five benefits of selling your home fast in Washington DC when going through a divorce.
1. You can close on your home in ONE week.
Divorce is stressful. Selling a home is stressful. 4 Brothers Buy Houses can take some of this stress away from you! Our real estate investors in Washington DC have cash to pay for your home – they do not need financing from the bank. Because of this, we can typically close on your home in one week. Imagine being able to remove this stress from the process almost instantly!
2. Cash in on your home’s equity.
Wouldn’t it be nice to have the equity from your home to use toward your new future. You could use this money for a security deposit, relaxing vacation or to go back to school. If there’s a decent amount of equity in the home, it might be worth selling for cash. You can get this money almost instantly and have more options for the future.
3. Let go of the past – start fresh with no strings attached.
Many people have an emotional attachment to their homes, but this can make keeping the home more difficult on your heart. It might be best to sell your home fast for cash in Washington DC so that you can start healing and looking toward the future. If you have kids, they too might be more willing to accept a new normal in a new home.
4. You have a greater chance of avoiding capital gains tax.
When it comes to the IRS, there are clear benefits to being married. One of them is that you get the capital gains tax exemption, allowing you to exclude up to $500,000 of the home equity from capital gains tax. As long as you sell your home while still married, you can avoid paying this tax.
5. Avoid the stress of a traditional real estate process.
If your divorce isn’t exactly amicable, the last thing you need is to fight over realtors, home improvements, showings, offers, inspections, etc. And unfortunately, the buyers can back out at any time, or the financing can fall through, leaving you back at square one. A cash sale in Washington DC is far less risky, has few to no contingencies and is practically guaranteed.
If you are going through a divorce or separation and want to sell your home in DC, contact 4 Brothers Buy Houses. We’ll be happy to provide you with a free cash offer on your home. If you accept, we can get started with the closing paperwork.
August 16, 2021
Hidden Costs When Selling a Home in Oxon Hill MD
Many sellers are surprised to learn of all the hidden costs associated with selling a home in Oxon Hill, Maryland. You probably already know that hiring a real estate agent will cost you 5-6 percent of the selling price, but there are other fees to account for as well. From staging the home to handling buyer requests to making repairs, selling a home does not come cheap these days.
Below are some of the most common hidden costs to be aware of when selling your home in Oxon Hill Maryland.
Professional Staging
Home staging involves decluttering, supplying attractive furniture and making your space look beautiful. The cost to stage each room is usually between $250 to $600, but it’s worth it for many sellers. According to Realtor.com, a staged home sells 88 percent faster and for 20 percent more. However, staging will not cover up problems with the home.
Home Repairs
Lenders require thorough inspections of a property before borrowing their money. They too want to make sure that their money is going to a sound home. While inspections are critical, they can often be nitpicky and force you to make home repairs you weren’t planning on. And if you don’t make the repairs, your buyers might back out.
Survey Costs
Homes that are less than 30 or 40 years old usually have clearly defined property lines. But this isn’t the case for older homes in Oxon Hill. If you need to determine property lines, expect to pay anywhere from $250 to $1,000 depending on the size and shape of your property.
Seller Concessions
Even though it’s a seller’s market in Maryland, this can change at any time. When things tip in favor of buyers, they’re more likely to ask for things. This could be paying a portion of their closing costs, installing new carpeting or including a new appliance package. While you don’t have to give in to all of these demands, expect there to be some negotiations.
Closing Costs
There are a number of fees involved in a real estate transaction and they’re typically split between the buyer and seller at closing. Closing costs run between 3 and 7 percent of the sales price and include mortgage insurance, title insurance fees, loan processing charges, etc. These costs are subtracted from what you get at closing.
Is There a Way to Avoid These Hidden Costs?
Absolutely!
If you want to sell your home without having to pay any fees or commissions, your best option is to sell your home for cash in Oxon Hill. With this transaction, a cash investor pays cash for your home with no contingencies. Appraisals and inspections are not required, and the process can be completed in about one week because there is no financing to wait on.
4 Brothers Buy Houses is a team of cash investors in the Maryland area. We specialize in buying Oxon Hills properties in as-is condition. Our services are completely free to use – there are no commissions or fees. We also cover most closing costs. Contact us today to receive your free, no obligation cash offer.
August 6, 2021
Can Home Staging Help Your Montclair Home Sell Faster?
Home staging can help your Montclair Virginia home look its best. But is home staging really worth the money? The answer: it depends.
It’s important to know that home staging doesn’t cover up flaws but rather highlights a home’s features. So if you’re trying to mask problem areas, staging isn’t the answer. But, if your Montclair home is in good condition and you want to sell it quickly for top dollar, home staging might be a great option.
Let’s learn more about the cost of home staging, the types of homes it’s best for and if this is worth looking into for your own home sale.
What is Home Staging? What Does it Cost?
Home staging involves redecorating your home so that potential buyers can envision themselves living there. Home stagers add charming furniture and decor, but they also help with decluttering, rearranging furniture and making the home look bigger. And, the decisions home stagers make are meant to appeal to a wide range of buyers.
According to Home Advisor 2021 numbers, home stagers charge between $150 and $600 for an initial consultation. You’ll be responsible for paying the staging fees and the cost to rent the furniture, which is usually around $500 to $600 a month. There is often a three-month minimum rental period as well, even if your home sells quickly.
All in all, the average costs to stage a 1,000 square foot home are around $2,000 to $3,200 a month. Larger homes with 4,000 square feet of space are closer to $9,000 a month according to the Real Estate Staging Association (RESA).
Which Homes are Worth Staging?
Not all homes need to be staged. If your Montclair home has been well taken care of and tastefully decorated, you probably don’t need to pay for staging services. On the other hand, you also don’t want to pay thousands for home staging if your home needs TLC. Remember, staging won’t hide your home’s faults.
If you’re facing the latter circumstances, you’re probably better off selling your Montlcair home as-is. Real estate investors purchase homes in as-is condition. They pay cash, which allows the process to move quickly. They also won’t require you to make any improvements, putting more money into your pocket.
Get Your Free Cash Offer Today
It costs money to sell a home! If you are looking for a quick sale for your Montclair home, contact 4 Brothers Buy Houses today. We help people solve their real estate challenges and we look forward to working with you, too! No home is out of our league – we take them in all conditions!
August 3, 2021
Pros and Cons of Selling Your Clinton MD Home by Owner
Once you decide to sell your home in Clinton Maryland, the next step is to determine how to get it sold. For many people, the obvious solution is to hire a real estate agent. However, realtors charge commission for their expertise, and they may require you to make repairs and updates to help sell the home quicker. If this isn’t something you want to do, selling your home by owner might make more sense.
Let’s discuss the pros and cons of selling your home by owner in Clinton MD – and an alternative you might find even better.
Pros of Selling Your Clinton Home by Owner
Selling a home for sale by owner (FSBO) has some attractive benefits. These include:
- No seller’s commission. Most people who go the FSBO route are trying to save on commission. However, only expect to save on the seller commission. You’ll still be responsible for paying the buyer’s commission.
- Control over the sale. Another factor that people appreciate in a FSBO sale is that they can schedule the showings and open houses at a time that works for them. They also know their home best and can answer questions honestly.
Cons of Selling Your Home in Clinton by Owner
While not having to pay seller’s commission is attractive, selling your home by owner may not have the advantages you were hoping for. Here are some of the drawbacks to be aware of.
- No established network. It’s a lot harder to sell your home when you have a limited network. Even though you have social media and perhaps strong ties in the community, realtors have extensive networks and access to the MLS.
- Selling a home is a full-time job. Selling a home in Clinton is a lot of work. Without a realtor, you’re responsible for listing the home, marketing it to buyers, managing showings and open houses, signing paperwork and more. If you’re already busy with work or family, you might not have enough time to sell your home.
Want to Sell Your Home Fast in Clinton MD Without a Realtor? Sell it for Cash!
If you don’t want to pay commission, but you’re not in a position to be your own realtor, it might make sense to sell your home for cash in Clinton. With this arrangement, you sell your home to a buyer who has the cash to purchase your home – no banks or financing necessary.
The process usually takes about a week to complete and all purchases are as-is, meaning that you won’t be asked to make repairs or updates. To sell your home in Clinton and keep money in your pocket, contact 4 Brothers Buy Houses today for a free, no obligation cash offer.
