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August 16, 2021

Hidden Costs When Selling a Home in Oxon Hill MD

Many sellers are surprised to learn of all the hidden costs associated with selling a home in Oxon Hill, Maryland. You probably already know that hiring a real estate agent will cost you 5-6 percent of the selling price, but there are other fees to account for as well. From staging the home to handling buyer requests to making repairs, selling a home does not come cheap these days. 

Below are some of the most common hidden costs to be aware of when selling your home in Oxon Hill Maryland

Professional Staging 

Home staging involves decluttering, supplying attractive furniture and making your space look beautiful. The cost to stage each room is usually between $250 to $600, but it’s worth it for many sellers. According to Realtor.com, a staged home sells 88 percent faster and for 20 percent more. However, staging will not cover up problems with the home. 

Home Repairs 

Lenders require thorough inspections of a property before borrowing their money. They too want to make sure that their money is going to a sound home. While inspections are critical, they can often be nitpicky and force you to make home repairs you weren’t planning on. And if you don’t make the repairs, your buyers might back out. 

Survey Costs 

Homes that are less than 30 or 40 years old usually have clearly defined property lines. But this isn’t the case for older homes in Oxon Hill. If you need to determine property lines, expect to pay anywhere from $250 to $1,000 depending on the size and shape of your property. 

Seller Concessions 

Even though it’s a seller’s market in Maryland, this can change at any time. When things tip in favor of buyers, they’re more likely to ask for things. This could be paying a portion of their closing costs, installing new carpeting or including a new appliance package. While you don’t have to give in to all of these demands, expect there to be some negotiations. 

Closing Costs 

There are a number of fees involved in a real estate transaction and they’re typically split between the buyer and seller at closing. Closing costs run between 3 and 7 percent of the sales price and include mortgage insurance, title insurance fees, loan processing charges, etc. These costs are subtracted from what you get at closing. 

Is There a Way to Avoid These Hidden Costs? 

Absolutely! 

If you want to sell your home without having to pay any fees or commissions, your best option is to sell your home for cash in Oxon Hill. With this transaction, a cash investor pays cash for your home with no contingencies. Appraisals and inspections are not required, and the process can be completed in about one week because there is no financing to wait on. 

4 Brothers Buy Houses is a team of cash investors in the Maryland area. We specialize in buying Oxon Hills properties in as-is condition. Our services are completely free to use – there are no commissions or fees. We also cover most closing costs. Contact us today to receive your free, no obligation cash offer. 

August 3, 2021

Pros and Cons of Selling Your Clinton MD Home by Owner

Once you decide to sell your home in Clinton Maryland, the next step is to determine how to get it sold. For many people, the obvious solution is to hire a real estate agent. However, realtors charge commission for their expertise, and they may require you to make repairs and updates to help sell the home quicker. If this isn’t something you want to do, selling your home by owner might make more sense. 

Let’s discuss the pros and cons of selling your home by owner in Clinton MD – and an alternative you might find even better. 

Pros of Selling Your Clinton Home by Owner 

Selling a home for sale by owner (FSBO) has some attractive benefits. These include: 

  • No seller’s commission. Most people who go the FSBO route are trying to save on commission. However, only expect to save on the seller commission. You’ll still be responsible for paying the buyer’s commission.
  • Control over the sale. Another factor that people appreciate in a FSBO sale is that they can schedule the showings and open houses at a time that works for them. They also know their home best and can answer questions honestly. 

Cons of Selling Your Home in Clinton by Owner 

While not having to pay seller’s commission is attractive, selling your home by owner may not have the advantages you were hoping for. Here are some of the drawbacks to be aware of. 

  • No established network. It’s a lot harder to sell your home when you have a limited network. Even though you have social media and perhaps strong ties in the community, realtors have extensive networks and access to the MLS. 
  • Selling a home is a full-time job. Selling a home in Clinton is a lot of work. Without a realtor, you’re responsible for listing the home, marketing it to buyers, managing showings and open houses, signing paperwork and more. If you’re already busy with work or family, you might not have enough time to sell your home. 

Want to Sell Your Home Fast in Clinton MD Without a Realtor? Sell it for Cash!

If you don’t want to pay commission, but you’re not in a position to be your own realtor, it might make sense to sell your home for cash in Clinton. With this arrangement, you sell your home to a buyer who has the cash to purchase your home – no banks or financing necessary. 

The process usually takes about a week to complete and all purchases are as-is, meaning that you won’t be asked to make repairs or updates. To sell your home in Clinton and keep money in your pocket, contact 4 Brothers Buy Houses today for a free, no obligation cash offer. 

June 20, 2021

Can I Sell My District Heights Home Without Having to Pay Closing Costs?

Most buyers are aware that when they purchase a new home, they have to come to the closing with something. In general, all costs related to the loan are paid by the buyer. But what surprises many people is that the seller also ends up paying closing costs – often times more than what the buyer pays! 

It’s true – sellers in District Heights, Maryland pay fewer expenses but pay more at closing because they are responsible for the real estate commissions for both agents, which usually amounts to 6 percent. There are some other fees as well, which we’ll discuss below. 

If you want to sell your home without closing costs, contact 4 Brothers Buy Houses today. Our cash home buyers can typically close in 7 to 10 days – and we cover most closing costs. This is the best way to get the most money in your pocket. 

What are Typical Closing Costs in District Heights? 

Closing costs typically range from 3 to 6 percent of the home’s purchase price. For buyers, closing costs make sense. After all, you’re taking out a loan and must pay the fees that go along with it, including application fees, attorney fees and underwriting fees. 

Sellers, on the other hand, are often blindsided by the closing costs they have to pay. As the seller, you are responsible to pay off all loans on the property to clear the title. You must also cover the commission for both agents, and bring extra to the table if you don’t have equity in the home. 

As the seller, here is a list of fees you can expect to pay at closing: 

  • Fees for the buyer’s title insurance policy
  • Mortgage payoff and prepayment penalty 
  • Outstanding amounts owed on the property
  • Seller’s attorney fees 
  • Transfer taxes and recording fees 

Additionally, the buyer may ask you to pay some or all of their costs. This isn’t as common in a seller’s market, but it’s definitely something to be aware of! 

Is There a Way to Sell a Home in District Heights without Closing Costs? 

Want to keep more money in your pocket? We don’t blame you! Fortunately, you do have options to sell your District Heights home without having to pay closing costs. When you sell your home to 4 Brothers Buy Houses, we will cover most or all of your closing expenses. 

Our home buying company is honest, ethical and well-respected in District Heights and the surrounding areas. We pay cash for homes and we take them in as-is condition. No matter how rundown or distressed your property is, it’s worth something to us! Once you receive an offer, we can close in about one week.

There are absolutely no fees to use our services, and we cover most closing costs. To get your free cash offer, contact 4 Brothers Buy Houses today. We work quickly and efficiently to get homes in District Heights sold fast and for top dollar! 

June 11, 2021

How Quickly Can a Cash Buyer Close on a Home in Washington DC?

One of the biggest perks to selling a home for cash is that you can close very quickly. Typically, you can expect closing to take 30-45 days in a traditional sale. But in a cash sale, closing usually happens within a week. Why is there such a big difference, and can you expect the same hassle-free process yourself? 

Let us walk you through the steps it takes to close on a home when working with cash home buyers in Washington DC

Closing on a Washington DC Home in a Cash Sale 

When you sell your home to a cash buyer in the DC area, you are eliminating the entire lending process. There are no showings, appraisals, inspections or last-minute underwriting problems. The transaction is between you and the buyer. 

Here is the timeline you can expect: 

Consultation 

The initial consultation can be done over the phone and involves gathering basic information about your property. At 4 Brothers Buy Houses, we like to know what situation you’re facing, your home’s condition and your closing expectations. It’s a quick call and there is absolutely no obligation to continue.

Evaluation 

The only ‘showing’ you’ll have to do is a quick evaluation. Don’t worry about tidying things up – our investors are looking at the bigger picture. They’ll take a few measurements and look at the basement and attic. This information is used to get an accurate estimate on the work that needs to be done. 

Offer 

An offer is made soon after the evaluation. 4 Brothers Buy Houses always provides fair and honest offers. We usually pick up all closing costs as well. Once we agree on a price, we can get started with the closing paperwork, including a contract you can sign electronically. 

Signing 

When the contract is signed, you’ll get a copy of it. Another copy is sent out so a title search can be done and your closing can be scheduled. If there are issues with the title, it will take longer to close. 

Closing

Now for the fun part – the actual closing! Usually this happens within a week and we take care of all the details. This is far less time than the 30-45 days it takes in a traditional closing. At this time, you’ll get a cashier’s check or have the funds transferred to you electronically. 

As you can see, cash sales are simple and streamlined. If you can benefit from a fast sale on your Washington DC property, contact 4 Brothers Buy Houses today

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.