Our latest articles
August 8, 2023
Securing Your Privacy by Selling Your Home to a Cash Buyer for Expatriates
Relocating to a new country can be a thrilling adventure, but the process of selling your home before leaving can be challenging, especially when you’re trying to maintain privacy. The traditional home-selling process often requires open houses, numerous buyer visits, and extensive online listings, all of which can be invasive and time-consuming. However, there’s an alternative that respects your privacy and streamlines the process: selling to a cash home buyer.
The Importance of Privacy in Home Sales
Preserving your privacy during a home sale can be particularly crucial for expatriates. The information shared during traditional sales, such as your reason for selling and your timeline, can sometimes work against you in negotiations. Moreover, the intrusion of potential buyers into your home and the wide distribution of your property’s images online can feel invasive.
How Cash Home Buyers Respect Your Privacy
Cash home buyers offer an ideal solution to uphold your privacy during the selling process. Instead of multiple potential buyers touring your property, only the cash buyer will need to visit, significantly reducing foot traffic in your home.
Moreover, cash home buyers often operate with a high degree of professionalism and confidentiality. The details of your sale remain between you and the buyer, protecting your information and ensuring a private transaction.
The Speed and Convenience of Cash Home Buyers
In addition to the privacy benefits, cash home buyers offer a fast and convenient selling process, a feature particularly beneficial for expatriates planning to relocate. Traditional sales can drag on for months, whereas a cash home buyer can close the sale within a matter of days or weeks. This swift process allows you to move forward with your relocation plans without the worry of an ongoing home sale.
Securing Your Privacy with Cash Home Buyers
Moving to a new country presents enough challenges without the added stress of a lengthy, intrusive home sale process. Opting for a cash home buyer can help maintain your privacy, speed up your sale, and simplify your relocation.
As an expatriate preparing for a new chapter abroad, securing your privacy during the home sale is paramount. Selling to a cash home buyer provides an efficient, confidential, and fast solution to help make your transition smoother. It’s about choosing the route that best respects your privacy, values your time, and supports your journey toward a new adventure.
Are you an expatriate preparing for a seamless transition? Contact us today and discover the privacy, speed, and convenience of selling your home to a cash buyer. We’re ready to provide a confidential and straightforward home-selling experience that supports your journey ahead.
August 1, 2023
No More Agent Commissions: Selling to Cash Home Buyers vs. Paying Fees on the MLS
When selling a property traditionally, most homeowners resort to listing their homes on the Multiple Listing Service (MLS). This platform offers the most comprehensive view of available real estate in a given area, making it a common choice for prospective home buyers. However, this method often comes with significant agent commissions and fees that can eat into the sale’s profit.
The True Cost of MLS and Agent Commissions
Most real estate agents charge a commission, usually around 5-6% of the home’s selling price. This fee is typically split between the buyer’s and seller’s agents. Additionally, homeowners may also be responsible for closing costs, home inspection fees, and any required repairs or improvements to make the property more marketable. All these costs can add up quickly, significantly reducing the net proceeds from the sale.
The Cash Home Buyer Advantage
In contrast to the traditional route, selling to cash home buyers offers a more direct and cost-effective solution. Cash home buyers purchase properties directly from homeowners, eliminating the need for a real estate agent and their associated fees.
Moreover, cash home buyers often buy properties as-is. This means you, as the homeowner, won’t have to invest money into repairs or upgrades to make the home more appealing. You also won’t have to worry about potential buyers backing out due to property condition issues. This can result in substantial savings and peace of mind.
Comparing Costs: Cash Home Buyers vs. MLS
When comparing the two selling methods, it’s important to consider the net proceeds – the amount you’ll walk away with after all fees and costs are accounted for. With a traditional sale, you’ll need to subtract agent commissions, closing costs, and any repair or improvement expenses from the sale price. On the other hand, with a cash home buyer, the offer you receive is typically the amount you’ll receive at closing, providing clear financial transparency.
Making the Right Choice: MLS or Cash Home Buyer?
The decision between selling through the MLS or to a cash home buyer depends on your individual circumstances, including the condition of your home, your financial needs, and your desired timeline. However, for those seeking a speedy, straightforward sale with no hidden costs, cash home buyers provide a compelling option.
Selling your home doesn’t have to come with hefty fees or commissions. Cash home buyers present an opportunity to retain more of your property’s value in your pocket, avoiding the typical costs associated with traditional sales. If you’re looking for a direct, efficient, and cost-effective way to sell your home, it might be time to consider a cash home buyer.
Ready to skip the agent commissions and sell your home the cost-effective way? Reach out to us today and let’s start the conversation about how you can sell directly to a cash home buyer. We’re here to provide a clear, efficient, and financially beneficial path for your home sale.
July 30, 2023
The Benefits of Selling Your Virginia Home for Cash: A Comprehensive Guide
Selling a home in Virginia is a major financial decision, and exploring different options can help you make the best choice for your circumstances. One increasingly popular option is selling your home for cash. This process involves selling your property directly to a cash buyer, bypassing traditional financing and mortgage processes.
In this comprehensive guide, we will explore the benefits of selling your Virginia home for cash and provide valuable insights to help you make an informed decision.
Speed and Convenience
A cash home sale offers a quick and convenient transaction compared to a traditional home sale. Cash buyers are often real estate investors or companies specializing in buying properties directly. They have the financial resources readily available, enabling them to complete the purchase in weeks instead of months.
Certainty of Closing
When you sell your Virginia home for cash, you can enjoy the certainty of closing the deal. Traditional home sales can sometimes fall through due to financing issues or contingencies. Cash buyers typically have the necessary funds available, reducing the risk of the deal collapsing.
No Need for Costly Repairs or Renovations
One significant advantage of selling for cash is the ability to sell the property as-is. Cash buyers are generally willing to purchase homes in their current condition, sparing you from the expenses and time associated with repairs or renovations. This can save you money and eliminate the stress of preparing your home for market readiness.
Avoid Realtor Commissions and Fees
In traditional home sales, working with a real estate agent typically involves paying commissions and fees based on the sale price. When you sell your home for cash, you can bypass these costs, allowing you to retain more of the sale proceeds. Cash buyers in Virginia handle the transaction directly, eliminating the need for intermediaries.
Minimize Holding Costs
Owning a property comes with ongoing expenses such as mortgage payments, property taxes, insurance, utilities and maintenance costs. By selling your home for cash, you can quickly relieve yourself of these financial obligations. This can be particularly advantageous if you’re dealing with a vacant property or if you need to sell quickly due to relocation or financial constraints.
Flexibility in Closing Timeline
Selling for cash provides flexibility in choosing the closing timeline that suits your needs. Cash buyers in Virginia understand that different sellers have varying circumstances. Whether you require a quick closing or need more time to transition, cash buyers will work with your schedule.
Streamlined and Simplified Process
The process of selling your home for cash is often streamlined and simplified. Cash buyers are experienced in handling these types of transactions and can guide you through the process efficiently. They take care of the necessary paperwork, title searches and legal requirements, reducing your administrative burden and making the transaction smoother.
Privacy and Confidentiality
In some cases, homeowners prefer to keep the sale of their house private. Selling for cash provides a level of privacy and confidentiality, as the transaction is typically conducted directly between you and the cash buyer. There will be no for-sale signs, open houses or unnecessary traffic coming to your property.
Selling your home for cash offers numerous benefits, including speed, convenience and certainty of closing. If you are interested in selling your house for cash, contact 4 Brothers Buy Houses today. We’ll give you a free, no obligation cash offer on your property.
July 15, 2023
Selling a House When Interest Rates Are High: Strategies for Success
Selling a house is a significant financial decision, and when interest rates are high, it can present additional challenges for sellers. Higher interest rates can impact buyer affordability and market demand. However, with careful planning and strategic approaches, you can navigate the real estate market successfully
Let’s cover some effective strategies to help you sell your house when interest rates are high.
Price Your House Competitively
In a high-interest-rate environment, it’s crucial to price your house competitively to attract potential buyers. Research the local market to understand comparable home prices and set a realistic price that aligns with current conditions. Avoid overpricing, as this can deter buyers who may be more sensitive to monthly mortgage payments due to higher interest rates.
Enhance the Property’s Appeal
Make your house stand out among the competition by enhancing its appeal. Invest in small but impactful improvements that can attract buyers, such as fresh paint, decluttering, landscaping and staging. Presenting a well-maintained and visually appealing property can generate more interest and potentially justify a higher price despite the higher interest rates.
Target Cash Buyers or Investors
High-interest-rate environments can attract cash buyers or investors looking to capitalize on market conditions. Since cash buyers pay in cash, they are not affected by mortgage interest rates. Plus, they have a faster closing process, so you get to benefit from this as well. Network with local real estate investors in your area to see what they will pay for your property.
Offer Incentives to Buyers
To entice potential buyers, consider offering incentives that can offset the impact of higher interest rates. These incentives could include covering closing costs, offering a home warranty or providing an allowance for necessary repairs or upgrades. Such incentives can make your property more appealing and offset financial concerns.
Showcase Energy Efficiency
Highlighting the energy-efficient features of your home can be attractive to buyers when interest rates are high. Energy-efficient upgrades, such as solar panels, energy-saving appliances or insulation improvements, can help reduce monthly utility costs, offsetting the impact of higher mortgage payments. Emphasize these features in your marketing materials and during showings.
Get a Free Cash Offer on Your House
While selling a house in a high-interest-rate environment can present challenges, it’s not an impossible task. 4 Brothers Buy Houses pay cash for homes in Washington DC, Maryland and Virginia. We’ll be happy to make an offer on your property so that you can make an informed decision. We’re able to close on most properties in just two weeks or less. Contact us today to get your free, no obligation cash offer.
July 5, 2023
Selling an Inherited Home for Cash in DC: Simplifying the Estate Settlement
Inheriting a home in Washington DC can be a blessing – but it can also be a major responsibility. When you inherit a property, you may find yourself navigating a complex process, especially if you need to sell the house to settle the estate. Fortunately, selling an inherited home for cash offers a streamlined and efficient solution.
Let’s look at the benefits of selling an inherited home for cash in DC and provide insights on how this option can simplify the estate settlement process.
Speedy and Convenient Transaction
Selling an inherited home for cash allows for a quick and hassle-free transaction. Cash buyers, such as real estate investors or companies specializing in buying homes for cash, are experienced in handling these types of sales efficiently. They can offer a straightforward process, often completing the purchase within a matter of weeks instead of months.
Eliminating Repairs and Updates
Inherited homes may require extensive repairs or updates to make them market-ready. Selling for cash eliminates the need for these costly and time-consuming improvements. Cash buyers are typically willing to purchase homes in their current condition, saving you the effort and expense of making renovations. This is particularly advantageous if you’re dealing with an older or neglected property.
Avoiding Holding Costs
Owning a property comes with ongoing expenses such as property taxes, insurance, utilities and maintenance costs. By selling the inherited home for cash, you can swiftly relieve yourself of these financial obligations. Cash buyers in DC are often willing to assume these costs from the day of purchase so that you can avoid these expenses.
Minimizing Emotional Burden
Dealing with the loss of a loved one can be emotionally taxing. The process of managing an inherited home can add additional stress and burden during an already difficult time. Opting for a cash sale simplifies the estate settlement, reducing the emotional strain associated with listing the property, negotiating offers and dealing with potential contingencies or financing complications.
Streamlining the Probate Process
If the estate is going through probate, selling an inherited home for cash can streamline the process. Cash buyers are well-versed in handling transactions involving probate properties and can navigate the legal requirements efficiently. This can help expedite the settlement process and ensure a smoother transition of assets to the rightful beneficiaries.
Fair and Competitive Offers
Cash buyers in Washington DC are often motivated to make fair and competitive offers for inherited homes. They understand the unique circumstances surrounding these properties and take into account the need for a prompt and convenient sale. While the cash offer may be lower than the potential market value, it factors in the savings you gain from avoiding repairs, holding costs and the convenience of a quick sale.
Simplified Documentation and Paperwork
Another benefit to selling an inherited home for cash involves minimal paperwork compared to traditional home sales. Cash buyers streamline the documentation process, guiding you through the necessary paperwork and ensuring all legal requirements are met. Having less paperwork alleviates the administrative burden, allowing you to focus on other aspects of estate settlement.
Sell Your Inherited House in DC Today
Selling an inherited home for cash provides an efficient and straightforward solution to simplify the estate settlement process. If you’re looking for a trustworthy, reliable team of cash buyers, 4 Brothers Buy Houses can help! We purchase inherited houses in Washington DC, and we can help you, too! Contact us today to get a free cash offer on your property.
April 28, 2023
Common Misconceptions About Selling Your House for Cash in Maryland
Selling a house in Maryland can be a complex process, which is why homeowners often look for ways to make it faster and easier. One option that has gained popularity in recent years is selling a house to an investor for cash, as opposed to working with a real estate agent. There are many seller perks to this, including a faster sale and no commissions.
However, there are many misconceptions about this process that can lead homeowners to miss out on potential opportunities. Let’s cover some of the most common misconceptions regarding selling a house for cash and why they aren’t true.
Misconception #1: Selling for cash means accepting a lowball offer.
One of the biggest misconceptions about selling your house for cash is that you have to accept a lowball offer. While it’s true that some cash buyers may try to take advantage of desperate homeowners by offering a low price, there are also many reputable cash buyers who offer fair prices based on the market value of the property.
In fact, many cash buyers in Maryland are willing to pay more than the traditional market value of the house in order to close the deal quickly. Plus, you save money in other ways, such as by not having to make repairs or pay commissions. This means even more money in your pocket.
Misconception #2: Cash buyers are only interested in distressed properties.
Another common misconception is that cash buyers are only interested in distressed properties that need a lot of work. While some cash buyers specialize in buying fixer-uppers or distressed properties, there are also many who are interested in buying well-maintained homes that are move-in ready.
For example, properties that are difficult to sell on the traditional market, such as those with liens or title issues, are attractive to cash buyers in MD. Probate houses, too, can detract a traditional buyer from making an offer, but they won’t stop a cash buyer.
Misconception #3: Selling for cash is a scam.
Some Maryland homeowners are hesitant to sell their house for cash because they believe it’s a scam or too good to be true. While there are certainly scams out there, it’s important to do your research and ask the right questions before agreeing to sell your property.
Fortunately, reputable cash buying companies have online websites with reviews, testimonials and references. Don’t be afraid to ask questions about the buyer’s experience, background and qualifications. Honest cash buyers will be transparent about their process and pricing and will work with you to ensure a fair transaction.
Misconception #4: Cash sales are faster, but you’ll lose out on profit.
While it’s true that selling your house for cash can be faster than going through the traditional sales process, it doesn’t necessarily mean that you’ll lose out on profit. In fact, many cash buyers are willing to pay a premium for properties that can be sold quickly and without the hassle of listing, showings and negotiations.
Additionally, selling for cash can save you money on fees and commissions, which can add up to thousands of dollars in savings. This is why we encourage sellers to get a cash offer and then compare this number to what they would receive in a traditional sale, after paying for repairs, staging, commissions, closing costs and more.
Misconception #5: You can’t sell for cash if you have a mortgage.
Finally, some homeowners believe that they can’t sell their house for cash if they have a mortgage. Selling a house with a mortgage can be more complicated than selling a house outright, but it’s still possible to sell your house for cash if you have a mortgage.
When you receive the cash, you can pay off your mortgage, and the cash buyer can then take ownership of the property. This can be a great option for homeowners who are facing foreclosure in MD or need to sell their house quickly for other reasons.
Get a Free Cash Offer on Your Maryland Property
If you need to sell your property quickly and without the hassles of the traditional real estate process, a cash sale can be a great alternative. Contact 4 Brothers Buy Houses for a free, no obligation cash offer. We are an honest, reputable house buying company that purchases properties all over Maryland.
April 17, 2023
The Process of Selling Your House for Cash in Virginia: What to Expect
Even though moving can be an exciting journey, the idea of having to get your home ready to sell is not. From finding a real estate agent to preparing your home for showings and negotiating with potential buyers, there are numerous steps to go through before you can actually move.
In recent years, an increasing number of homeowners in Virginia have been opting to sell their homes for cash. Selling your house for cash can be a quicker and more convenient option than working with a realtor, but it’s important to know what to expect from the process.
Below is a breakdown of the steps you’ll go through when you sell your house for cash in Virginia. If you have additional questions, don’t hesitate to contact 4 Brothers Buy Houses. We offer free, no obligation cash offers and assist sellers with their real estate challenges.
Step 1: Research cash home buyers in VA
The first step in the process of selling your house for cash is to research potential cash home buyers in your area. Look for companies that specialize in buying homes for cash and have a proven track record of success. As with other industries, there are some scammers out there, so it’s important to do your research and ask for referrals.
Step 2: Contact cash home buyers and get an offer
Once you have identified potential cash home buyers, contact them to express your interest in selling your home for cash. Most cash home buyers in Virginia will require basic information about your property, such as its location, size and condition. They may also ask for recent upgrades or repairs you’ve made to the property.
Based on the information you provide, the cash home buyer will then make you an offer. This offer is typically lower than what you might get on the open market if you were to list your home with a real estate agent. However, the benefit of selling for cash is that the transaction can be completed much more quickly, typically in a matter of weeks.
Step 3: Accept the offer and sign a contract
If you’re happy with the offer, the next step is to accept it and sign a contract. Make sure to read the contract carefully and understand all the terms and conditions before signing. If you have any questions or concerns, don’t hesitate to ask the cash home buyer or seek advice from a real estate attorney.
Again, reputable, trustworthy cash buyers will be transparent about the process. And since there are only a couple of people involved – you and the buyer – it’s a much simpler process than working with banks.
Step 4: Close the sale
Once the contract is signed, the cash home buyer will arrange for a title company to handle the closing process. The title company will verify the title, pay off any outstanding liens or mortgages and transfer ownership of the property to the cash home buyer.
At the closing, you’ll be required to sign the necessary paperwork and receive payment for the sale. The payment will typically be in the form of a wire transfer or a cashier’s check. 4 Brothers Buy Houses works with local title companies to make it easy for sellers, and we cover most closing costs.
Get a Free Cash Offer on Your Virginia Property
While selling your Virginia house for cash can be a convenient and quick option, it’s important to do your research and understand the process. By following these steps and working with a reputable cash home buyer in the area, you can sell your house for cash and move on to your next adventure.
For your FREE, no hassle cash offer, contact 4 Brothers Buy Houses today!
April 8, 2023
The Benefits of Selling Your House for Cash During a Tough Real Estate Market in DC
The real estate market can be incredibly unpredictable, and in a tough market, it can be difficult to sell your house for the price you want. Fortunately, there is a solution that can make the process much easier: selling your house for cash.
Due to the ever-changing and unpredictable housing market in DC, more sellers are selling their homes for cash because it’s convenient and cost-effective. Let’s look at the benefits of selling your property for cash in a tough real estate market where inventory is low and interest rates are high!
Faster Sale
One of the biggest advantages of selling your house for cash is how quickly the process moves. When you sell your house through a traditional real estate agent, the process can take months. You have to find a buyer, negotiate a price, deal with inspections and appraisals and go through the lengthy closing process. Plus, there’s always the possibility that the buyer will pull out of the sale and you’ll have to start all over.
When you sell your Washington DC house for cash, the process can be completed in about two weeks or so. This is particularly beneficial during a tough real estate market when buyers are scarce. Since cash buyers have the cash to pay for the home, you don’t have to worry about financing falling through.
No Need for Repairs or Upgrades
Another major benefit of selling your house for cash is that you don’t need to make any repairs or upgrades. When you sell through a traditional real estate agent, you’ll need to make your house as attractive as possible to potential buyers. This may mean investing in upgrades, such as new appliances or flooring, or making repairs.
However, when you sell your house for cash, the buyer is often an investor who is willing to buy the house as-is. This can save you both time and money, especially if you’re facing financial difficulties. Cash investors in DC typically renovate the home, so they don’t mind if there are things that need to be fixed.
Avoid Foreclosure
If you’re struggling to keep up with your mortgage payments, selling your house for cash can help you avoid foreclosure. Foreclosure is always a last resort because it can harm your credit score and make it difficult to buy another home in the future.
Selling your house for cash lets you use the proceeds from the sale to pay off your mortgage and avoid foreclosure. This way, you can start fresh without having a foreclosure on your record, making it easier to rent or buy in the future.
More Likely to Close
When you work with a real estate agent, there’s always the risk that the deal will fall through. This can happen for many different reasons, such as the buyer being unable to secure financing or discovering issues with the home during the inspection.
But, when you sell your house for cash, this is unlikely to happen. The reason why is because cash investors in DC have the funds to complete the purchase, and they are buying the property as-is. Therefore, the sale is much more likely to close successfully.
No Commissions or Fees
Finally, when you sell your house for cash, you don’t have to pay any commissions or fees to a real estate agent. This can save you thousands of dollars, particularly if your house is expensive. Average realtor fees in DC are around 5 percent, which means you could be paying your realtor $22,500 on a $450,000 house!
Additionally, you don’t have to worry about negotiating commissions with your agent, which can be stressful and time-consuming. Everything is transparent in a cash sale.
As you can see, selling your house for cash can be a smart move during a tough real estate market. For a free cash offer on your DC property, contact 4 Brothers Buy Houses today. We are happy to help you with a quick and successful sale!
April 1, 2023
Why Selling Your House for Cash in Pasadena MD Can Be a Stress-Free Experience
If you’re planning to sell your house in Pasadena MD, you may already be stressing about what the process entails. From cleaning out your space to making repairs to finding a real estate agent, there are numerous steps involved in the traditional home-selling process.
Fortunately, you’re not limited to selling your house through a real estate agent. You can also sell your house for cash, which is a stress-free experience. Below are the reasons why cash sales are quick, easy and transparent.
No Need to Find a Real Estate Agent
When you sell your house for cash in Pasadena, you don’t need to find a real estate agent. This can save you time and stress, as you won’t need to interview agents, sign a listing agreement or pay commissions. Instead, you can work directly with a cash buyer who will handle the entire transaction.
No Need to Make Repairs or Upgrades
A huge factor of stress when selling a house is getting it ready for showings. This often involves making repairs and upgrades to ensure your house is in the best possible condition. Your real estate agent will typically make the suggestions, and you’ll need to accommodate them as best as possible.
But, when you sell your house for cash, there is no reason to do this. Cash buyers in Pasadena are typically willing to buy houses as-is because they plan to renovate them anyway. This way, you can save on the stress of handling costly and time-consuming repairs and upgrades.
No Need to Stress Over Financing
A reputable cash buyer will have the funds on hand to purchase your home outright. This means that you can pay off your mortgage or use the money to put down on a new home or apartment. Selling your house the traditional way requires you to wait on buyer financing, which can fall through at the last minute.
No Need to Worry About Contingencies
In a traditional home sale, there are often contingencies involved, such as the buyer needing to sell their current house before they can purchase yours. A cash sale does not have contingencies involved. Cash buyers are ready to purchase your Pasadena house immediately!
Quick Closing Process
Lastly, selling your house for cash involves a quick closing process, usually about two weeks or so. This can be a huge relief if you’re looking to sell your house quickly and move on to the next chapter of your life. This is what makes cash sales attractive for those going through financial challenges or divorce.
If you’re looking for a stress-free selling process, it’s definitely worth looking into a cash sale. 4 Brothers Buy Houses is a house buying company that will pay cash for your Pasadena property. Contact us today for a free cash offer and see how easy selling your house can be!
March 1, 2023
Difference Between Fair Market Value and Appraised Value
Appraised value and fair market value both have the role of determining how much a property is worth. An appraised value is an expert’s objective opinion on what a house is worth, while the fair market value is what it should sell for in an open market. In theory, the values should be in the same ballpark. But this isn’t always the case.
Let’s learn more about appraised value vs fair market value so that you can understand the differences. This will help you determine if you should list your home for sale, or if you should wait a little longer.
What is Fair Market Value? How is it Determined?
Fair market value (FMV) is an estimate of what a home will cost if it sells on the open market. This value helps determine a listing price for your home. FMV is driven by market conditions in addition to your home’s value. This means that your FMV can change significantly in a short amount of time based on your local housing market.
Typically, the FMV for a home is determined by a real estate agent when they do a comparative market analysis (CMA). A CMA looks at homes in your area that are similar to yours and located in similar neighborhoods. CMAs provide an accurate estimate because they are based on real-time data.
That being said, CMAs are only as accurate as your comps. If you’re selling a home in Washington DC where there are lots of homes similar to yours, you have a lot of data to work with. On the other hand, if you have a home in a rural area or with unique features, your CMA may not be as specific.
What is the Appraised Value?
The appraised value of a home is determined by a licensed, third-party appraiser. This expert assesses the home and looks at comparable properties. They then provide a more personalized, objective estimate of what your home is worth.
An appraised home value is generally used during escrow by the buyer’s lender to make sure the home is worth the price. This ensures that lenders don’t give out loans that are worth more than the home itself. If the appraisal comes out lower than what the buyer is financing, they may not get financing, or they’ll have to make up the difference.
Sellers may also choose to have an appraisal done before listing their home to get an idea of how much it’s worth. Some of the things a home appraiser will look at are:
- Overall condition
- Square footage
- Layout and functionality
- Garage and driveway
- Plumbing, electrical and HVAC systems
- Walls, floors and appliances
- Energy efficiency
- Home’s exterior
- Foundation and basement
- Neighborhood
Which Number is Most Important?
As you can see, the fair market value and appraised value of your home should be similar. FMV is based on comparisons and used by sellers and agents to set a listing price, while an appraised value is more personalized and used by lenders to underwrite financing.
No value is more important than the other. It all depends on whether you’re the buyer or the seller. If you plan to sell your Washington DC house, you’ll be more interested in your home’s FMV. If you plan to buy a house, the appraised value is more important.
Find Out How Much We’ll Pay for Your Home!
4 Brothers Buy Houses is a house buying company that buys properties in Washington DC. We’d love to make you an offer on your property. Our offers are always fair, and we don’t require inspections or appraisals. If you do choose to sell your house to our cash buyers, the transaction is direct – between you and us! Contact our cash buyers today to find out what we’ll pay for your DC house!
