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February 28, 2022

How to Stop Foreclosure in Capitol Heights MD at the Last Minute

Life is unpredictable, especially now during a pandemic. At any time, a financial downfall can happen and cause you to fall behind on your mortgage payments. If you are in this position, it might seem like you have no options. But rest assured that you do. The key is to communicate with your mortgage company about your situation, as well as stay open to various ideas and opportunities. 

Here are some quick ways that you can stop foreclosure in Capitol Heights MD at the last minute. 

File for Bankruptcy 

If you’re hoping to buy time and keep your house in Capitol Heights, you can file for Chapter 7 bankruptcy. You can stay in your home without having to make mortgage payments during the bankruptcy process. You can then work out something with the lender or save up money for a new place. 

While bankruptcy is an effective solution for getting out of debt, it does have its drawbacks. It will hurt your credit, and you’ll have to wait at least two years before taking out another mortgage.

Modify Your Loan 

Another option you may have is to modify your loan. However, be aware that this option is highly dependent on your lender. If your lender does agree to a loan modification, you’ll pay less each month toward your mortgage, making your payments more affordable. 

Obtain a Deed in Lieu of Foreclosure 

A deed in lieu of foreclosure gives the lender ownership of your property through a short sale process. Lenders tend to be hesitant to agree to this option because buyers can sue later on, claiming that they didn’t under the process. Also, a deed in lieu of foreclosure will hurt your credit. But, it’s still an option you may want to consider. 

Sell Your House Quickly 

For many people, selling their house in Capitol Heights quickly is the best way to stop foreclosure. They can sell their house as-is and get enough money to repay the outstanding balance on the loan. Their credit stays intact, allowing them to purchase a new property or rent in the meantime. 

When you need to sell your home quickly, the best option is a cash home buying company. 4 Brothers Buy Houses purchase homes all over Maryland. We will buy your property as-is, which means you are not responsible for making any repairs or updates. 

Because we are buying your house with our own money, you don’t need to work with a real estate agent, stage and show the home or wait for financing. We’ll do a quick inspection and make a fair cash offer. If you accept, we can close in about two weeks. 

If your Capitol Heights home is currently in foreclosure, know that you do have options. Get in touch with 4 Brothers Buy Houses and let’s solve your real estate challenges! 

February 20, 2022

Why Washington DC Sellers Prefer Cash Offers

Cash offers have a number of benefits for sellers. There’s less risk, a quick close and the opportunity to sell the home in as-is condition. All of these things reduce the time it takes to sell a property, as well as cuts back on fees and commissions. And now with a competitive housing market and investors willing to make attractive cash offers, now is a great time to move in this direction. 

Let’s learn more about why sellers often prefer cash offers so that you can get an idea if it’s the right decision for you, too! 

More Confidence that the Sale Will Go Through

Perhaps one of the hardest parts about selling a house in Washington DC is that there are many people involved, slowing down the process and even causing buyers to back out at times. The last thing you want is to get close to the closing date and learn that the buyers weren’t able to obtain financing. 

There are far less steps involved in a cash sale – the transaction is between you and the buyer. This allows the process to move quickly, with few to no contingencies. It sure is nice to work with someone who knows exactly what they want! 

No Financing Troubles

To elaborate on the first point, you don’t have to worry about financing issues with a cash buyer. Cash house buyers in Washington DC use their own money to purchase properties. You can skip over the appraisal and move right onto the closing paperwork. And since the buyer isn’t using financing, they’re saving on interest and bank fees, making them more willing to negotiate and pick up closing costs. 

No Bank Appraisals 

Banks require appraisals before approving a mortgage. This is done to prevent the borrower from taking more money than the home is worth. Typical appraisals can take around 10 days, which clearly slows down the process. And if the appraisal comes out lower than the sales price, it’s a problem for the seller. Thankfully, no appraisal is required in a cash sale. 

No Inspections and Repair Requests 

The inspection process looks at the actual condition of the home. If things turn up, you’ll have to work with the buyer to fix them. If you don’t address the issues or knock down the price of your home, the buyers are likely to back out. 

Like appraisals, inspections are not necessary in a cash sale. The buyer is purchasing your house as-is, so they expect there to be problems, which they’ll address during the renovation. Even if the buyer does ask for an inspection, they won’t hold you accountable for the repairs. 

Quick, Easy and Cost Effective 

Cash offers make the home selling process quick, easy and affordable. House buying companies in Washington DC cover most closing costs and are willing to make offers on ugly, distressed or damaged houses. They work so quickly, you can sell your house for cash even if it’s in foreclosure!

Cash sales are a great option for some sellers, particularly those who want to sell quickly without any contingencies. If you’re looking to sell your house fast in Washington DC, contact 4 Brothers Buy Houses for a free cash offer. 

February 2, 2022

Prepping Your Falls Church VA Property for Sale this Spring

There’s no question about it – spring is the most popular time to sell a house in Falls Church VA. The weather is warming up and buyers are eager to move into their new homes by summer. Because it usually takes several months to close, most buyers enter the market in April or May. 

However, the spring also comes with a lot of competition, which means you’ll need to find ways to make your property stand out. If your home requires work, you’ll have to determine which repairs and updates are worth making. 

Below are some of our best tips for preparing for the spring selling season in Falls Church VA. 

Remove the Clutter 

Spring cleaning is underway, so hopefully you can find some motivation for going through your home and clearing out all the clutter. Most people are amazed by how much they’ve collected over the years!

If this is the case for you, leave yourself plenty of time to go through closets, drawers, cabinets, etc. Here’s a quick breakdown of what to remove from each room: 

  • Entryways. Remove coats, umbrellas, shoes, backpacks, etc. This is the first place buyers will see, so you want to make a good first impression.
  • Bedrooms. Make all beds. Tidy up rooms and conceal toys in bins. 
  • Cabinets, pantries and closets. Get rid of old and unused items. All doors should close easily and not be stuffed. 
  • Kitchen. Countertops and refrigerators should be free and clear of pretty much everything, except a decorative item or essential appliance (i.e., coffee maker).
  • Furniture. Remove old furniture. Less furniture makes your space look bigger. 

Put Away Personalized Items 

Prospective buyers should be able to walk into your Falls Church home and envision themselves living there. But this is hard to do when pictures of your family stare back at them! Remove heavily personalized items so that people can imagine living in your space. 

Here are some items we recommend packing up: 

  • Trophies 
  • Sports memorabilia
  • Religious artifacts 
  • Family photographs 
  • Personal collections 
  • Toiletries 

Clean the Interior and Exterior 

Once your home is clutter-free, you should give it a deep clean. This includes floors, windows, blinds, furniture, countertops, appliances, etc. If you don’t have time for this, hire a cleaning company that will knock it out in one day. 

The exterior of your home also needs attention. Many buyers decide whether a property is suitable simply by looking at the outside. Here are some things to tackle, and most are easy and inexpensive! 

  • Trim shrubs, trees and bushes 
  • Weed flower beds 
  • Throw away leaves and garbage 
  • Plant fresh flowers in pots or soil
  • Power wash the patio, walkway, siding, etc. 
  • Clean the windows 
  • Remove cobwebs from corners 

Skip the Hassle. Sell Your Falls Church VA Home for Cash. 

These are just some of the ways that you can get your Falls Church house ready to sell this spring. Most sellers spend several months or more doing this prepwork, so there is significant time (and often money) involved. 

If you’d rather skip these steps and sell your house as-is, contact 4 Brothers Buy Houses. We will buy your home in any condition and for a great price. All you need to do is move out – no cleaning, staging or repairs necessary!