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July 22, 2021
Tenant Opportunity to Purchase (TOPA) policies allow tenants to purchase the property they’re living in before it’s put up for sale. This anti-displacement tool is designed to protect renters, preserve affordable rental housing stock and stabilize low-income households. Under this policy, landlords must let their tenants know that they intend to sell the home or building.
In return, tenants are given a reasonable timeframe to purchase the property. If they don’t want to move forward, they will at least have time to work out other living arrangements. TOPA policies are being proposed in multiple states, but the nation’s oldest and most comprehensive TOPA program is right here in Washington DC.
If you are looking to sell your rental property in DC but still have tenants living inside, you may have questions about TOPA and what this means for you. Below we provide a breakdown of TOPA and the things to know, but feel free to call 4 Brothers Buy Houses for more personalized information.
What is TOPA in Simple Terms?
In Washington DC, rental property owners must be aware of their tenants’ special rights before selling their property. In terms of TOPA, it is your obligation to offer your property for sale to your tenants first. This allows your tenants to take advantage of the sale and purchase the home they are living in.
If you don’t hear anything after 30 days from contacting your tenants, you can move forward with the sale. If a written offer is received, however, the tenants will have 60 days to negotiate a contract and secure financing.
Selling a Rental Property in Washington DC
As long as your tenants don’t want the property, you can move forward with the sale. You can do a conventional sale, especially if the property is in good condition. But more often than not, rentals need some TLC to get them ready to sell.
If you’re not in a position to put time and money into selling your rental, a better option may be to sell your home for cash. And, this could work out in your favor because according to TOPA laws, you have to restart the process if you don’t find a buyer within 180 days. This essentially gives the tenants another chance to purchase the home.
By selling to a cash investor like 4 Brothers Buy Houses, you can sell your property within a week and not have to worry about TOPA laws.
4 Brothers Buy Houses Will Buy Your Rental Property
Property owners in other states like Maryland and Virginia are usually in a better position than those in Washington DC. But if you’re in DC, you’ll have to follow TOPA laws before selling. 4 Brothers Buy Houses is familiar with these laws and how to make your sales transaction go quickly and smoothly. Contact us today to learn more!
June 11, 2021
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:
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.
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.
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.
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.
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!
June 9, 2021
If you think your home is too ugly or run down for anyone to pay for, think again. While the average buyer will likely steer clear of a home that needs a lot of work, cash investors are different. These buyers purchase homes in all conditions, sizes and locations. They can save you an incredible amount of time because you don’t have to prepare your home for the real estate market.
4 Brothers Buy Houses is a home buying company that buys homes in Maryland, Virginia and DC. No home is out of our reach. With our experience and professional network, we’re comfortable taking on the most distressed properties. If you have a home to sell in MD, VA or DC, give us a call today for a free, no obligation offer!
What Does ‘As-Is’ Mean in Real Estate?
In real estate, an as-is property is one that is listed for sale in its current state. If there are any issues or problems with the home, they will not be addressed by the seller like they would in a traditional sale. In exchange, the buyer is usually given some type of discount.
Some of the most common reasons why people sell their homes as-is are:
- Faulty or leaky roof
- Mildew or mold problems
- Termite damage or infestation
- Structural issues
- Foundation problems
- Chinese drywall
Types of Houses that Cash Buyers Purchase
Wondering what types of properties cash buyers in MD, VA and DC are most interested in? Here are a few examples:
Houses that need major repairs
Believe it or not, cash investors are drawn to houses in bad shape. They’re going to renovate them anyway so it’s not a problem if things are outdated or in poor condition. And with their extensive network of professionals, cash home buyers aren’t afraid to take on homes that have more serious issues like uneven floors, bowed walls, fire damage or water damage.
Houses that need cosmetic work
Eyesores like peeling wallpaper, stained carpet and old cabinets can be overwhelming to one person. But house buying companies like 4 Brothers Buy Houses have a team of experts that will come in and tackle all of these issues. In fact, if you have an inherited home you’re trying to sell, you can leave the furniture and belongings to us!
Houses in undesirable neighborhoods
Some neighborhoods are not desirable to typical buyers. If your home is located in one, it could take a lot longer to sell. Aside from high crime rates, the average buyer also stays away from neighborhoods near airports, factories, train tracks, waste disposal areas and government housing.
Bottom line: Cash home buyers in MD, VA and DC truly buy homes as they are. They will take on everything from major repairs to moderate cosmetic work. To get a free cash offer from 4 Brothers Buy Houses, contact us today.
May 25, 2021
It’s not cheap to sell a home. At first glance, it might seem like all you have to do is tidy up the home, list it for sale and wait for someone to make an offer. But things are a lot more complex – and costly – than this. Some expenses may be negotiable but others will land solely on you, the seller.
Fortunately, there is a cheaper way to sell your home, especially if it requires a lot of repairs and updates to make it desirable to buyers. Selling your home for cash in Fairfax County Virginia is the fastest and least expensive option for selling a home. Let’s learn more about why this is the case and the expenses you can avoid.
How Much Does it Cost to Sell a Home in Fairfax County?
Typically, the biggest fee sellers pay is the realtor fee, which is between 5 and 6 percent here in Virginia. For a $250,000 home, you could be paying as much as $15,000 in realtor fees which is split between the seller’s real estate agent and the buyer’s agent. Roughly 77 percent of sellers pick up this cost, according to the National Association of Realtors (NAR).
Other costs associated with selling a home are:
- Home repairs. Most sellers end up having to make minor cosmetic improvements like new flooring or paint.
- Inspection. If the inspection turns up problems, the buyers can request that you fix them or offer a credit.
- Home staging. The NAR found that 28 percent of sellers staged their homes before listing. Some tactics you can do yourself, but others you’ll need to pay for.
- Closing costs. Even though closing costs are often the buyer’s responsibility, don’t be surprised if you end up having to pay some association fees, property taxes, attorney fees, transfer taxes and title insurance.
- Additional fees. Other costs you may incur include escrow fees, brokerage fees and courier fees.
Why Selling for Cash is the Cheapest Option
When you sell your home for cash in Fairfax County, you work directly with the buyers. There are no banks involved, granting you the freedom to skip over inspections, appraisals and long wait times. Believe it or not, 4 Brothers Buy Houses can typically close in about one week. Imagine how close you are to being done with your mortgage, taxes, utilities and HOA fees!
Here are the costs you can eliminate from a cash sale:
- Pre-sale home inspection
- Closing costs – we typically pick these up for our sellers
- Showings – when people are in your home, you have to leave which means driving around, eating out for dinner, etc.
- Repairs or updates
- Realtor commissions
- Negotiations with buyers
If you’re interested in selling your home fast in Fairfax County, contact 4 Brothers Buy Houses. We can give you a fair, no obligation cash offer in a matter of minutes.
May 4, 2021
If you’re like most sellers, you’re probably not looking forward to all of the work that goes into selling a home. From the cleaning to the staging to making repairs and upgrades, the laundry list of things to do is exhausting. Fortunately, there is a better way to go through this process – sell your home to a Maryland cash buyer.
Here are 10 benefits of accepting a cash offer on your home in Montgomery Village MD.
1. Fast Closing
Perhaps the greatest benefit to selling your home for cash is that you can close right away. Because the buyer is using their own cash, they don’t have to wait for financing to be approved. With a traditional sale, you’re responsible for the mortgage, taxes, utilities and HOA fees until your home is sold.
2. Save on Repairs
Cash buyers purchase homes as-is. You don’t have to invest a dime into your home, which is especially beneficial if you inherited a home, own a distressed property or are in foreclosure. Use your money for your next adventure.
3. Avoid Realtor Fees
There are NO fees or commissions to work with a home buying company in Montgomery Village. The buyer is purchasing your home – NOT looking for someone to buy it. Real estate agents, on the other hand, charge about 6 percent.
4. No Appraisal
In most traditional mortgages, the buyer works with a mortgage lender. Lenders require appraisals because they don’t want to pay more for a house than it’s worth. In a cash sale, the buyer is using their own money so there is no need for an appraisal.
5. No Inspection
Another formality you can eliminate is the inspection. Cash buyers expect homes to have flaws so they don’t need an inspection to point them out. Traditional buyers, on the other hand, will expect issues that turn up to be addressed.
6. Less Risk
Cash offers tend to be stronger than offers that use bank financing. The banks go through a lot of steps to ensure their investment is safe, but this also means they can back out at any time. Cash offers are pretty much guaranteed so you’ll close faster and get paid sooner.
7. Skip the Showings
Don’t want strangers walking around your home at all hours of the day? No problem! In a cash sale, you don’t have to do any showings. This is a huge perk for those who have kids, pets or busy schedules.
8. Avoid Negotiations
Even in a seller’s market, there are almost always negotiations. The buyers might want a problem fixed or a credit to replace your flooring. If you don’t want to go back and forth at the negotiation table, you’ll appreciate that cash buyers give firm offers.
9. Less Paperwork
A reputable cash buyer in Montgomery Village will handle most of the paperwork for you. There’s far less paperwork involved in these sales because there are no middlemen – the transaction is between you and the buyer.
10. Reduce Stress
Cash sales are straightforward. Once you accept the offer, the closing paperwork starts right away. You can move quickly and keep money in your pocket. If you’re facing a difficult time, a cash buyer will eliminate your real estate hurdles.
Ready to see what you can sell your home for? Request your free cash offer from 4 Brothers Buy Houses. All cash offers are firm, free and no obligation!
April 26, 2021
Being a landlord comes with a lot of responsibilities, but it also comes with a lot of rewards. As long as you invest in the right properties and have money saved up for emergencies, you can make a decent passive income from being a landlord.
However, as wonderful as landlord life can be, it’s common to want to step down. If you are feeling this right now but not sure what to do, we can help! 4 Brothers Buy Houses purchases all types of properties in Woodbridge VA. No matter what condition your rental is in, we’ll make you a fair cash offer.
In the meantime, here are some signs that it’s time to sell your rental property in Woodbridge Virginia.
Your rental property is worth more than when you bought it.
It’s a seller’s market right now and buyers are willing to pay more for good homes. If your rental property is worth more than what you bought it for, you can sell it today for a profit. This profit might even be more than what you would collect in rent payments!
Being a landlord is wearing you thin.
Another sign that it’s time to sell your Woodbridge rental is feeling exhausted in your role as a landlord. This is still your home and it’s your responsibility to maintain it. So, when the dishwasher is leaking or a storm rips through and damages your siding, it’s your problem.
Not to mention, some tenants are a constant headache. Whether they’re demanding or trouble, you end up paying the price. While you can’t expect your tenants to be perfect, you shouldn’t have to babysit them. If you are, then it’s a sign you need to sell the rental – or at least find new tenants.
You’re not seeing a positive cash flow.
It’s not uncommon for rental properties to have a negative cash flow. However, you can’t keep losing money. You need to re-evaluate the situation and find out why this is the case. It’s possible that taxes, utilities and insurance have gone up. Or the home might be old and you’re having to make constant repairs. Once you start losing money, it’s usually time to cut ties.
You want to spend your weekends traveling.
Wanting to travel is another motivator for selling a rental property in Woodbridge. Being a landlord is time consuming, and you might feel the need to stay close to the home. Unfortunately, this can stop you from enjoying things like traveling, camping and visiting loved ones. By selling your rental, you’ll have cash for new adventures and the freedom to leave town when you want.
Get a Cash Offer on Your Woodbridge Rental Home
These are just some of the signs that it may be time to sell your rental property in Woodbridge. To get a free, no obligation cash offer, contact 4 Brothers Buy Houses today. There is no obligation to continue. We want our customers to be informed on their options so they can make a confident decision. But, if you do decide to sell your rental, we’ll be able to close in just one week!
April 9, 2021
If you are interested in selling your Fort Washington MD home fast, it’s important to keep an open mind about your options. Working with a realtor isn’t the only way to sell your home. You can also sell your property to a cash buyer. Only you can determine what’s best for your situation, but most people are pleasantly surprised to learn the benefits of a cash sale.
Here are five reasons why it’s faster and easier to sell your Fort Washington home for cash.
When you sell your home through a realtor, you don’t have a lot of say. Your realtor will probably make suggestions on things you can do to help your home sell faster. Outside of this, you’ll have people coming in and out of the home until an offer is made. Even then, you’re at the mercy of your realtor to keep you up to date.
In a cash sale, you have a great deal of flexibility. The whole transaction is between you and the buyer – there is no middleman. This allows you to have a say in the process, including what you think is a fair price and when you’d like to close on the home.
2. No Fees
There is nothing to pay for when selling your Fort Washington home to a cash buyer. 4 Brothers Buy Houses frequently works with people who are going through a divorce, going through foreclosure or have a lien on their property. We’re not here to suck more money out of them – we help them get their homes sold fast!
Our cash home buying company also covers all closing costs. With a traditional sale, you’re responsible for paying realtor fees and commissions.
3. Pick Your Closing Date
Another thing our sellers appreciate is the ability to pick their closing date. If you want out of your property right away, we can usually close in one week. That’s right – you may have already made your last mortgage payment! If you need more time to get your ducks in a row, that’s fine too. Because we’re not waiting on bank financing and there are no contingencies, we can close when you want.
4. No Negotiations
Remember when we said there were no middlemen? It’s these people who cause the home selling process to be long and drawn out. Not only are there no banks to deal with but also no judgy buyers. We are buying your home as-is, which means we’re taking your home in its current condition. There won’t be any negotiations to consume your time and energy.
Get Your Free Cash Offer!
These are just four of the reasons why it’s faster and easier to sell your home to our team of Fort Washington cash buyers. Once our offer is in, it’s guaranteed! There are no middlemen, no contingencies and no costs to using our services. Contact 4 Brothers Buy Houses today to get your free, no obligation cash offer!
March 16, 2021
If you’re looking to sell your house fast in Glen Burnie MD, you’re probably willing to entertain other options aside from a traditional home sale. On average, it takes about 70 days from listing to closing to sell a home according to the National Association of Realtors (NAR). Of course, this depends on many factors, including the condition and location of your home.
Now, if you have the time and don’t mind negotiating your offer, you can go through with a traditional sale. But if you need to sell quickly, it’s worth considering a cash sale. With this type of sale, you contact a cash buyer and they give you a free, no obligation offer. If you accept, you can proceed with the closing process right away.
What is the Timeline to Sell a House for Cash in Glen Burnie, MD?
So how quickly can you sell your home for cash in Glen Burnie? Usually in less than two weeks, or about 7 to 10 days. Again, this depends on a number of factors, but you can expect a fairly quick and easy process that gets you out of the home before you have to make another mortgage payment.
To help you prepare for a cash home sale, here is what to expect.
- Contact the cash buyer. Be sure to do your research and find a reputable home buying company like 4 Brothers Buy Houses. We give all sellers a fair cash offer.
- Schedule a showing. We’ll come take a look at your home. This quick look ensures our offer is fair. We buy properties as-is in Glen Burnie, so don’t worry about cleaning or staging.
- Verify the funds. If you accept the offer, we can get started on the paperwork right away. It takes about 24-48 hours to verify that we have the funds.
- Title and escrow. A title search is done to make sure there are no outstanding liens on the property. Most title companies handle this and the escrow.
- Inspection and appraisal. Inspections and appraisals are not required in a cash sale. However, if we choose to do these, we’ll schedule them during this time.
- Closing. Most of the time, we’re able to close in about one week. We work with local, reputable title companies so you won’t have to travel far.
Benefits of a Quick Home Sale in Glen Burnie, MD
There are many advantages to selling your home quickly in Glen Burnie. For most sellers, it’s the financial benefits that make the most sense. The sooner you sell your home, the faster you can stop paying your mortgage, utilities, taxes and HOA fees.
If you have a distressed property with mold or water damage, you can get out quicker and get your family into a safer home. Or, if you are in a bad situation and need money to move out, a cash sale gives you this option. A cash sale even allows you to take advantage of an opportunity that might not be available in the future.
To request a cash offer from 4 Brothers Buy Houses, contact us today. All cash offers are free and no obligation so it doesn’t hurt to see what we will offer you!
March 4, 2021
When it comes time to sell your home in Gainesville, Virginia, your first thought might be, “I need to start looking for realtors.” But if you’re not really interested in working with a realtor, know that there is no requirement or law that mandates this. And, by forgoing a real estate agent, you can also save on commission fees and walk away with more money in your pocket.
If you choose not to hire a real estate professional to help with your home sale, you have two options: sell your home by owner or sell your home to cash buyers in Gainesville, VA. Both have benefits, but today we’re going to focus on a cash sale and how this can save you time and money, especially in an uncertain market.
Benefits of Selling Your Gainesville Home Without a Realtor
Here at 4 Brothers Buy Houses, we want you to know that we have an incredible amount of respect for realtors. They are hardworking, knowledgeable professionals who spend countless hours preparing homes to sell, listing them on the MLS, conducting showings, helping clients with paperwork and more. But we also realize that not everyone cares to hire and pay for a realtor.
As a company that buys houses for cash in Gainesville, VA, here are the benefits our customers enjoy most about a cash sale:
- Save as much as 6 percent in commissions. On a $300,000 house, that’s $18,000! With a cash sale, you can put this money toward your next home or adventure instead.
- Enjoy a quicker home sale. “For sale by owner” homes tend to sell more quickly, and cash sales can be completed in about 7-10 days.
- Get more personalized attention. Depending on how busy your agent is, you might have deadlines missed, calls not returned, etc. Cash buyers usually focus on one home at a time, giving you exclusive attention.
- Avoid working with a middleman. Most decisions must go through two parties. If you want to be the main point of contact, you’ll appreciate a cash sale. It’s between you and the buyer.
Why isn’t a Realtor Needed in a Cash Sale?
Selling your home for cash in Gainesville, VA is a quick, simple and painless process. It’s not like selling your home the traditional way. At 4 Brothers Buy Houses, we ARE the buyers and we are prepared to purchase your home for an attractive cash offer. We don’t need bank financing, appraisals, inspections or realtors. Everything happens between you and us, allowing for a speedy sale.
We also buy homes as-is, meaning that we take them in their current condition. A realtor might ask you to make repairs and updates to help the home sell, but this won’t be the case with us. We plan on using our network to make the necessary improvements to your home before selling or renting it out.
Get Your Free Cash Offer Today
If you’re interested in learning more about selling your home without a realtor, contact 4 Brothers Buy Houses for a free, no obligation cash offer. With the right information, you can make an informed decision for your circumstances.