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April 2, 2021

Are Home Buying Companies in Washington DC Legit?

You’ve probably seen signs around the Washington DC area that say, “We’ll buy your house for cash!” If you want to sell your home quickly, these signs probably have you wondering how legit home buying companies are. While there are bad apples in all industries, most home buying companies in Washington DC are legit and willing to buy properties in all conditions. 

What are Home Buying Companies? What Do They Do? 

Home buying companies are generally made up of real estate investors who buy homes for cash, fix them up and sell them to someone new. They make their money by buying homes as-is for a discount. Also, because they have a network of contractors they work with, they can make improvements for less than the general public. 

There are many benefits to selling your home to cash investors in Washington DC, but it’s not for everyone. That’s why it’s important to weigh the pros and cons and compare what you’ll get from your home if you sell it through a realtor versus to a cash buyer. 

Things to Know When Selling to Home Buyers in Washington DC 

Most people who sell their homes to 4 Brothers Buy Houses are doing so for the convenience and speed. Here are the benefits they get to enjoy from this type of sale: 

  • Time. Selling to a direct buyer is quick and easy. There is no middleman so you can close on your home within a week or so. A traditional sale takes several months or longer. 
  • Buyer financing. Unlike a traditional home sale, there is no waiting on buyer financing. This means there are no delays or contingencies to slow things down. 
  • Creative solutions. Because home buyers in Washington DC regularly buy homes for cash, they have unique solutions. For example, if you’re underwater on your mortgage, they might be able to take it over.
  • Repairs. Home buying companies buy homes as-is, so you don’t have to touch a thing. Investors look for good bones whereas traditional buyers want updated, stylish homes. 
  • Market value. You’ll likely get less than fair market value for your home, as the investor needs to make a profit after paying for repairs and closing costs. But you’ll still get a fair offer – and you don’t have to pay realtor fees! 

How to Find a Reputable Home Buying Company 

Unfortunately, there are scammers out there who give this industry a bad reputation at times. You will have to do your research, read the reviews and call the company to make sure you’re working with someone reputable. 

Here are a few tips for choosing a house buying company in Washington DC you can trust: 

  • Read the online reviews. Does the company have reviews or testimonials from real people? Are they accredited by the BBB? 
  • Have someone review your cash offer. Do you have a lawyer or agent you trust? You can have them look over the cash offer for peace of mind.
  • Do your homework. Find out what other homes in your neighborhood are selling for, as well as what your home is worth. This ensures you won’t get a low-ball offer. 
  • Don’t pay anything upfront. You should never have to pay anything upfront. If a company is asking for application fees, this is a red flag. 

Get a Free Cash Offer from 4 Brothers Buy Houses 

Interested in selling your home for cash? 4 Brothers Buy Houses purchases real estate in the Washington DC area. We will buy your home in any condition! All cash offers are free and no obligation, so call us today to see what we’ll pay for your home

January 28, 2021

Sell Your Home And Avoid Foreclosure In Maryland

Are you looking to sell your home to avoid a foreclosure in Maryland? Homeowners in cities like Brentwood, Hyattsville, and Silver Spring have all faced this problem before. The possibility of foreclosure can feel crushing. And when a lender begins the foreclosure process, it can feel like you have run out of options. But you do have several paths that you can take in order to sell your home before being foreclosed on. You don’t have to feel like there is nothing left that you can do in order to save your equity and your credit. Here are some of the things that you can do in order to sell before a foreclosure. 

Talk With Your Lender About Finding A Buyer

Despite what many think, lenders don’t enjoy foreclosures. It is terrible PR and it actually costs them money. Some lenders will be willing to work with you to give you more time to find a buyer. Still, it is important to take action and move quickly. Lenders won’t give you forever to make a sale. If your lender is willing to give you some time to find a buyer, make sure that you work with a real estate agent with experience selling homes in pre-foreclosure. 

Consider A Short Sale

A short sale is a type of sale where the seller doesn’t make enough money to recoup all of the mortgage costs (and any late fees and penalties from the lender). Generally lenders are opposed to short sales, but they may consider them as an alternative to a foreclosure. Contact your lender and see if they will accept a short sale. If so, it may make it easier for you to sell the property. 

Restructure Your Loan To Buy More Time

If you have good credit and your financial situation is reasonably healthy, you may be able to qualify for a mortgage restructure. Restructuring your loan can give you more time in order to find a buyer to sell your home. Restructuring can save you hundreds of dollars per month and thousands of dollars per year in payments to your lender. This can be an opportunity to sell your property without the threat of foreclosure hanging over your head. 

If you want to sell your home quickly without going through the traditional home sale process, you have options. You can call our team at 4 Brothers Buy Houses. We’ll provide you with a free, no obligation quote on your property. You don’t have to go through the expensive process of repairs or maintenance either–we’ll buy your home as-is, for cash. You can sell on your timeline, and you can go from first call to closing in less than a month. In just a few weeks, you can sell your home and avoid foreclosure. Contact us today and we can get started on helping you sell your property.

January 18, 2021

How To Sell Your Home Quickly

Selling your home quickly means knowing what you need to fix and what you don’t. It also means understanding your home’s value and pricing it correctly for the market. A real estate professional may help you figure these things out and assist you with marketing your property online. Here is what you need to know.

If you want to sell your home quickly on the traditional markets, then there are some things that you need to be aware of. You need to figure out how many repairs that your home needs. You also need to figure out if you need to get renovations done. You’ll also probably want to talk to a real estate agent. That’s because knowing your home’s true value is key to selling it quickly, and you probably won’t be able to ascertain that on your own. Real estate professionals can also help with marketing your property online. Here is what you need to know about selling your home fast. 

Get Necessary Repairs Done Quickly

One of the biggest keys to selling your home quickly is to get the necessary repairs done. By letting your home fall into disrepair, you are making your property less competitive on the market. Prospective buyers expect large repairs to be taken care of before they even set foot in your property. If you are selling your home as-is, you may be able to get away with finishing fewer repairs. Talk to a real estate agent before you decide to sell your home as-is, as you will likely be dealing with a different set of prospective buyers.

Understand Your Home’s Value

The easiest way to keep your home on the market for longer is to misprice the property. Knowing your home’s value is essential to getting a sale quickly. The problem is that most people overvalue their home and are stubborn when it comes to moving the price. This leads to the property sitting on the market for longer than it should. You can avoid this problem by working with a real estate agent who understands how the property should be priced in order to rapidly create interest. 

Know How To Market Your Property Online

Marketing is now critical to the success of any real estate sale. You need to be able to showcase your property online and find prospective buyers where they are. That means knowing how to use social media, knowing how to navigate online real estate sites like Zillow, and being able to conduct showings through video conferencing apps like Zoom. 

Selling your home quickly on the traditional real estate market is almost impossible. You have to worry about real estate agents, prospective buyers who may change their mind, and potential deals that might fall through. These types of deals can take months or even longer than a year to be completed. If you want to sell your home quickly, then you should take a look at selling your property for cash. At 4 Brothers Buy Houses, we will purchase your home for cash and provide you with value that you can’t get anywhere else. Contact us today and we will provide you with a free, no obligation quote. Give us a call today!

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.

June 22, 2020

How To Sell Your Home During The COVID-19 Pandemic

There was some speculation that COVID-19 would make selling a home impossible. That hasn’t been the case. COVID-19 hasn’t stopped buyers and sellers from taking part in the real estate market. But the way homes are sold has changed. If you are looking to sell your property, you have to be aware of these changes and how they will affect you. If you aren’t prepared to sell your property in the manner that today’s buyers expect, you could find your property lingering on the market for longer than you’d like. Here is how you can navigate the selling process during the pandemic: 

Invest In Virtual Tours

In today’s environment, it is harder to have in-person showings and group showcases. That is why it is important for sellers to invest in virtual tours. Virtual tours can be interactive, or they can be static videos. You can film a virtual tour video yourself, or you can hire a professional company to do the process for you. Figuring out your virtual tour strategy early is important for keeping buyers engaged at a time when they may not be able to visit in person.

Don’t Overprice Your Property

In these uncertain times, there is still demand for properties; however, you don’t want to push it. This probably isn’t the time to ask for far more than you know your home is worth. Overpricing your property could leave your home languishing on the market for much longer than you’d like. And the longer your property sits on the market, the more likely buyers are to think there is a problem with your home.

Make Sure All Your Inspections Are Done

When you are selling during a pandemic, it is absolutely critical to make sure that you have all of your inspections done. You don’t want to get a buyer lined up and then have to wait weeks or months to get an inspection done. Inspections can take much longer to complete during this process, and waiting too long to get one done can be the difference between a sale being finalized or falling through. That is why it is important that you get your inspections done beforehand. That way, you don’t have to worry about if a contractor can make it on time. 

If you aren’t interested in going through all of the precautions that other homeowners are working through during the COVID-19 pandemic, you can still sell your home. 4 Brothers Buy Houses will purchase your property for cash. You don’t have to hire a real estate agent or handle repairs during this time. We can visit your property and give you a quote–or we can handle the entire process online after viewing high resolution images of your property. Forget the stress of trying to go through a showcase during the COVID-19 pandemic. Give 4 Brothers Buy Houses a call and sell at your own pace.

February 28, 2020

Selling Property As A Landlord Doesn’t Have To Be Difficult

As a landlord, selling your property can seem like a tall order. After all, you have to worry about selling while you have tenants who are currently living in your property. Traditional home sales typically have owners hold an open house for interested parties. But as a landlord, this generally isn’t an option. For one family who owned a rental property in Washington DC, the idea of selling presented a problem. That was until they began working with 4 Brothers Buy Houses. 4 Brothers Buy Houses helped Marvin and his wife sell their rental property so that they could move on into retirement. Here is their story. 

Marvin Owned A Rental Property On Croffut Place

Marvin and his wife owned a rental property on Croffut Place SE in Washington, DC. The family had bought the property in 1988, and had used it as a rental for most of the time that they owned it. Eventually, Marvin and his wife decided that they wanted to retire. They no longer wanted to be landlords. Dealing with fixing up rental properties and working with tenants no longer had an appeal. First, Marvin’s tenants approached his family about purchasing the property. They were interested in making a deal, but they couldn’t receive the necessary financing. Marvin and his wife weren’t sure what to do–they wanted to retire, but they didn’t know how they could sell their property in a timely manner. That is when they heard about 4 Brothers Buy Houses. 

Selling To 4 Brothers Buy Houses Took A Month And A Half

Marvin first made contact with 4 Brothers Buy Houses on October 1st of 2019. By the 10th of the month, we met with him, took a look at the property, and made an offer. Marvin took a few days to think about the offer, and accepted on the 15th of October. The sale couldn’t be finalized until the tenants moved out of the property, which they did on the 31st of October. The sale was closed on November 20th. It took Marvin about a month and a half from first contact with us to final closing. He and his wife were able to get the cash value they felt their property was worth. The money allowed them to start a new chapter in their lives and move on to retirement. Selling a rental property with tenants living in it wasn’t so difficult after all. 

If you own rental property and are worried about how you are going to sell, don’t fret. Contact 4 Brothers Buy Houses in order to get a free, no obligation quote. The sale process is handled on your terms and your timeline. You can make a decision at the time that makes the most sense for you and your family. Give us a call today, and we can help you start the process of selling your rental property, just like we did with Marvin and his wife.

February 26, 2020

2020 Expected To Be A Strong Year For The Housing Market

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.

January 14, 2020

Changes In The Real Estate Space Coming In 2020

If you are looking to buy or sell a home this year, there are some new trends in 2020 that you need to be aware of. 2020 is going to be an interesting year for real estate because of technology changes. There are more smart homes being built than ever. With smart homes, you can control the temperature or locks of a property all from your smartphone. Then there are demographic changes. Baby boomers are moving to smaller properties and selling their older homes, while millennials are starting families and moving to the suburbs. Here is what you need to be aware of: 

Baby Boomers Downsizing Their Homes

One of the real estate trends in the 2020s will be baby boomers downsizing their homes. The baby boomer generation is moving into their twilight years, and many are looking for smaller, more affordable properties. This means that many boomers will be selling their larger homes and moving into new communities. Real estate professionals should be prepared for this trend. Baby boomers tend to have more cash on hand than other age demographics, which will make this move easier for them.

Millennials Moving From Urban Areas Into The Suburbs 

Millennials are finally spreading their wings and buying homes in the suburbs. Millennials are beginning to move out of the urban areas they chose in their early 20s when they were first starting out. Now millennials want homes and stability that they can’t get in most urban downtown areas. The move to the suburbs will lead to new development in the areas surrounding major metros, especially throughout the sunbelt and the mid-atlantic.

Smart Homes

Today’s buyers are more technology savvy and want to be able to control their home with just a few taps of their smartphone. Smarthomes allow homeowners to control the temperature, lock doors, and view security cameras all from a smartphone. Some smarthomes even have integrated refrigerators and ovens into this system. The greater demand for smarthomes is something that real estate professionals need to be aware of going into the next decade. Homes that don’t have any of these features will be less attractive to young buyers.

Staying up on the latest real estate trends can be difficult for anybody. If you are looking to sell your property without the need for keeping up with what millennials are looking for, then you should contact 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your home cash, and you won’t have to make any costly repairs or spend time getting your property ready for online marketing. Give us a call today and we can provide you with a free, no obligation quote. We’d be happy to work with you to sell your property on your own terms.

January 14, 2020

Understanding the costs of selling your home

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.

Online Marketing

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

5 ways to stay safe while selling your home

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.