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Sell Home As Is
December 11, 2020
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.
July 28, 2020
A homeowner living in Silver Spring, Maryland decided it was time to sell his property. The property had been in his family for a long time–and when his mother passed, he inherited it. The property was never updated or renovated, and doing so would have come at significant costs. So how did this homeowner sell his property for cash, and go from contract to closing in just two weeks? He called 4 Brothers Buy Houses. Here is his story.
Inherited The Home 10 Years Ago
Just like many other families, our homeowner inherited his property from his mother. His mother passed about a decade ago, and she left him the home. In many families, inheriting a property brings a number of questions, especially if siblings are inheriting the property together. One sibling may want to sell, while another may want to renovate, and another may want to stay and live in the property. In this case, our homeowner knew he wanted to sell, but wasn’t really sure where to start.
The Home Was Never Occupied Or Updated
Since the property was never renovated, it was in need of repairs and maintenance that our homeowner didn’t want to pay for. Without any renovation, it was going to be difficult for the property to sell on the open market. Older homes that have not been renovated often struggle to find interested buyers, especially among the younger millennial generation that is now buying their own properties. Our homeowner decided to call 4 Brothers Buy Houses in order to make sure he could sell on his own terms.
4 Brothers Buy Houses Closed 14 Days After Signing
4 Brothers Buy Houses evaluated the property and put in an offer on June 3rd. The offer was accepted on June 4th, and closing was complete by June 18th. Our homeowner had officially sold his property just 2 short weeks after going under contract with 4 Brothers Buy Houses. After 10 years of owning the property his mother had left him, he finally had the cash he wanted, and he got the value he felt he deserved from the home.
If you want to sell your property quickly, then you can contact our team at 4 Brothers Buy Houses. We’ll be happy to walk you through the process of how you can sell your home for cash. You won’t have to go through the traditional showcasing, and you don’t need to spend money on expensive renovations or repairs. We can stop by your property and give you a free, no obligation quote. That way, you can sell your property at your own pace, on your own timeline. Give us a call today, and we can get started.
February 26, 2020
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
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!
January 14, 2020
Ready to sell your home? Perhaps you are retiring and moving to a different community. Maybe you are taking a new job and are selling before you go. Maybe you just want to sell to see what you can get for your property. Whatever the case may be, you need to be aware of the costs. Selling your home will cost you money in repairs, cleaning, landscaping, and inspection fees. There are also real estate agent commissions and closing costs to worry about. Before you sell, you need to make sure that you are comfortable with these costs.
Repairs, Cleaning, Landscaping, And Inspections
When you sell your property, you’ll need to be prepared to handle things like repairs and landscaping. Those things cost money. You’ll need to have the cash on hand in order to make any necessary repairs or landscaping fixes. You’ll also have to keep the property clean and pay for any inspections that must be done before the sale is finalized. These repairs can easily run in the thousands or tens of thousands of dollars.
Real Estate Agent Commissions
Real estate agents get a commission on the sale of your property. Typically, the commission is worth several percentage points of the total value of the home. This commission can be costly, but it is typically worth it if you need help making the sale or if you don’t really know your local real estate market that well. The good thing about real estate commissions is that they generally aren’t paid until the end of the process.
Selling your property means that you’ll need to reach interested parties. This is done through online marketing. You’ll need to market your property both through traditional mediums and through new ones such as social media. Online marketing may be handled by your real estate agent, or you may decide to work on it yourself. Either way, this kind of marketing costs money and you’ll need to be prepared to pony up. The cost of marketing online depends on the reach that you want to have. But you can expect a marketing campaign to cost several hundred dollars at the least. A very extensive campaign could run into the thousands.
There are real costs to selling your home that you can’t ignore. Sellers must be aware of the costs of repairs, maintenance, renovations, landscaping, cleaning, and inspections. Of course, there are also real estate agent commissions and other miscellaneous costs. If you want to avoid these costs, then you can work with 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your home regardless of the condition, without any need for repairs or renovations. Give us a call today and we can get started on the process.
January 14, 2020
If you are selling your home, it is critical to make sure that you keep yourself safe during the process. That means not leaving out personally identifying information like financial documents or credit cards. Identity thieves are becoming more and more sophisticated, and they use a variety of tactics to get access to your information. You’ll also want to keep the door locked when you aren’t showing the property, so that it is only available when you want it to be.
Here’s how you can keep yourself safe during the showing process.
Don’t Leave Bills Or Credit Cards Out In The Open
Make sure that when you are selling your property, you don’t have any bills or credit cards left out in the open. That means taking all of your financial documents and files with personal information out of your home before the showcase process begins. Take all of those files and put them in a safety deposit box or some other form of storage. If a bad actor gets their hand on that kind of information, it can be used against you via identity theft.
Keep The Door Locked When You Aren’t Showing The Property
When you are selling your home, everyone knows. Sometimes even the wrong people. Make sure that your property is locked when you are not conducting showings. You only want prospective buyers to be there at the time that you want them to be there. Keeping your home locked will keep your property safer. If your real estate agent is conducting showings, make sure that they keep the key in a safe place. Your property is extremely valuable, and you need to make sure that you are taking all of the necessary precautions.
Make Sure You Don’t Leave Valuable Items Out
Just like credit cards and bills, you don’t want valuable items left out during your showings. Memorabilia, jewelry, collectables, and other important items should be moved to storage. You don’t want to take the risk of losing something that is valuable to you during a showing. Remember, you aren’t going to be able to watch over your entire home while prospective buyers are walking through your property.
Staying safe during the sale process is important. It is something that sellers don’t often think about, but it is critical for avoiding identity theft. If you don’t want to have to worry about these kinds of issues, then you can avoid the showing process altogether by working with 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your property cash, and we can give you a free, no obligation quote at any time. We’ll work on your schedule so that the entire process is convenient for you. Call us today to get started.
January 14, 2020
There are times when you want to sell your property where you aren’t exactly in a sellers’ market. If you need to sell your property at a difficult time for sellers, then you should be aware of the extra steps you’ll need to take. The first step is to make sure that you are working with an experienced real estate agent who has done years’ worth of work in the area. You’ll also want to make sure that you are showing the house on a regular basis and that you are investing in online marketing. You’ll also need to make sure that you understand what buyers in your market are looking for, so that you can show your house in a way that is advantageous to you. This is how to get started.
Work With An Experienced Real Estate Agent
When times get tough, it is important to work with real estate professionals who have experience. Real estate agents have seen the ups and downs of various markets over long periods of time, and they can help you understand what to expect. If you aren’t working with a real estate agent, trying to navigate a difficult market on your own can seem almost impossible. You don’t have to put yourself in that position–make sure to hire a real estate agent that you can trust.
Make Sure You Are Regularly Showing The Property
In a difficult market, it is critical that you are showing your property regularly. If you aren’t conducting showings, then prospective buyers aren’t getting to see your home up close. You may need to conduct more showings in a tough market than in one that is more beneficial for sellers. That is to be expected–you’ll have to put in more time and effort to get a sale in this type of market. Be prepared for longer showings, so keep your schedule open.
Learn What Buyers In Your Market Are Looking For
You’ll need to stay aware of what buyers are looking for in this kind of market. Do research on what similar homes have sold for in the past. Check your neighborhood to see which homes have sold recently, and what kind of repairs or renovations were done. Your real estate agent may have more information on this.
When the market is difficult for sellers, you might have the temptation to wait until market conditions change. If you don’t want to wait, then you still have options. You can sell your property to 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your property in cash, immediately. That means that you don’t have to worry about the market conditions or how many showings you need to do. You don’t have to worry about finding a real estate agent or handling online marketing. Contact us today and we’ll provide you with a free, no obligation quote.
December 23, 2019
Selling the family home can be difficult for anybody. That is exactly what Donald had to do when his family decided to move on from his uncle’s former property in Milford, Maryland. Often, this is an emotional process for families, even more than a financial one. Families aren’t always ready to sell the homes that have so many memories attached to them. But when a family makes that kind of decision, they want to be able to sell on their own terms. That is exactly what 4 Brothers Buy Houses offer to families just like Donald’s. Here is his story.
The Home Had Been In The Family For Generations
Donald’s uncle had owned the property in Milford since the 1970s. The family eventually passed it to Donald, but he was unsure of what to do with it. The property was in rough shape, and clearly needed work. It was vacant, and it looked as if no one had lived there for years. The property was built in 1940, but unfortunately maintenance and repairs hadn’t been kept up with. Donald needed to make a decision on what he was going to do with the property.
Donald Chose To Sell From Florida
Donald lived in Florida, which made the sale process a bit more complicated. He decided to come up to Maryland for a bit to meet with some prospective buyers. After meeting with 4 Brothers Buy Houses, Donald instantly felt a comfort level. He trusted the professional staff, who answered all of his questions. Donald’s property garnered several offers from interested parties, but he decided to go with 4 Brothers Buy Houses because of his trust in their management.
From Meeting To Closing In Less Than A Month
Donald met with 4 Brothers Buy Houses on October 8th, and the deal was closed on October 30th. That kind of speed is what drew Donald to 4 Brothers Buy Houses in the first place. He knew that other buyers would take significantly longer to close because of funding issues or the need to go through extensive inspections. 4 Brothers Buy Houses was able to get the deal done quickly so that Donald and his family were able to move on.
Moving on from a property that has been in the family for so long isn’t easy for anybody. But when you can sell on your own terms, you can get the outcome that you wanted. Donald didn’t want to deal with the repairs that would have been necessary to sell the home on the traditional market. By working with 4 Brothers Buy Houses, he was able to avoid costly repairs and inspections and sell the property when he wanted to. If you are looking to sell your property and get the cash you and your family need, call 4 Brothers Buy Houses. We can give you a free, no obligation quote at any time.
November 22, 2019
Wondering why your property is taking so long to sell? There are a lot of factors that go into how long a property stays on the market. Understanding these different factors will help you to make your home more attractive to prospective buyers. The truth is that when your home stays on the market for an extended period of time, buyers start to think there must be something wrong with it. So it becomes a sort of a self-fulfilling prophecy. You want to avoid this by understanding how to sell your home faster. Let’s go over some tips.
According To Zillow, The Average Property Was On The Market For Two Months
That’s right. Most properties are on the market for a little over 60 days. If your property has sold in under two months, congratulations! You’ve beaten out the average seller. But if your property has been on the market for longer than 60 days, it may be time to start thinking about what you can do better. You may be asking too high a price, making marketing mistakes, or perhaps you need a new renovation.
If Your Property Isn’t Selling, You May Be Asking Too Much
One of the easiest ways to turn away prospective buyers is to ask too much price-wise. You don’t want to give the home away for free, but asking for too much can spook away the very buyers you want to showcase your home to. Take a look at other properties in the neighborhood and see how your home’s price matches up. You may need to take it down a bit.
You May Not Be Marketing Your Home Properly
Are you online? Are you on all of the major home buying services? How is your real estate agent advertising your property? You need to make sure that your real estate agent isn’t just using old mediums, like direct mail. These days, a sizable portion of prospective homebuyers are only looking online. If you aren’t there, they don’t see you.
Your Home May Not Be In The Best Shape
Your home may be on the market longer because other comparable properties have renovations that your property doesn’t. You may need to look at renovating your kitchen or bathroom. Of course, major repairs also fall into this category. Nobody wants to buy a home that needs a new roof or that has plumbing issues. Talk to your real estate agent about what you may need to fix.
Most sellers want to sell their property as quickly as possible. And you can’t blame them! The longer a home stays on the market, the more prospective buyers think that something could be wrong. If you want to sell your property without worrying about how long it is going to stay on the market, then you need to call 4 Brothers Buy Houses. We can purchase your home for cash, immediately. We’ll provide you with a free, no obligation quote at your convenience. That way, you can start the process at the best time for you. Contact us today to learn more.
October 21, 2019
Making sure that your property is ready for showings is absolutely critical to the sale process. If you aren’t making a good impression during the showings, then prospective buyers aren’t going to break the bank to purchase your property. That means that you need to understand how to knock it out of the park when you have prospective buyers visiting your property. You want them to feel right at home, and give them the freedom to explore without smothering them with questions.
Let’s take a closer look at what you need to do in order to have successful showings.
1. Make Sure Your Property Has Curb Appeal
If your property doesn’t have curb appeal, then your prospective buyers aren’t even going to stop to come inside. Make sure that the exterior has appeal by cutting the grass and shrubs and clearing out any outside furniture that doesn’t fit your aesthetic. You also want to get rid of any trash which may have accumulated outside. You may even want to think about repainting the house and installing new windows.
For more ideas on how to get curb appeal on a budget go here! https://www.diynetwork.com/how-to/outdoors/outdoor-spaces/instant-curb-appeal-for-less-than-100-pictures
2. Let Prospective Buyers Have Space While They Walk Through The Home
Nobody wants to feel as if they don’t have the space to evaluate the property they are considering spending hundreds of thousands of dollars on. Let prospective buyers have the space to walk through the property. Let them ask the questions and direct the conversation. The more these visitors feel at home, the more likely they are to purchase your property.
3. Keep The Property Comfortable
Keep your property warm in the winter and cool in the summer. If prospective buyers feel uncomfortable while they are in the property, they are likely to associate those feelings with the home.
4. Make Sure The Home Is Well Lit
Prospective buyers associate dimly lit rooms with problems. Most will assume that you have something to hide. Avoid these problems by keeping both the interior and exterior of your home well-lit. You may need to install new light fixtures, but most of the time simply buying higher voltage light bulbs will do the trick. Lighting may seem simple, but it really does make a huge difference when it comes to how attractive your property is to prospective buyers.
If you are dreading the home showing process, you aren’t alone. Most sellers would skip it if they could. And increasingly, sellers are doing just that. You can avoid the home showing process by selling your property to 4 Brothers Buy Houses. We will purchase your property for cash, and you won’t have to go through the process of fixing up your house and finding times to showcase it to dozens of prospective buyers. Call us today and we will provide you with a free, no-obligation quote. Get cash for your home when you need it.