Selling Your House While Divorcing

MarylandHousePros.com

If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in …

Divorce can be challenging and emotional. Yet, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in [market_city]. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.

Houses In Divorce Can Be Complicated

During a divorce, the two parties seek to split their assets in half. For some assets are liquid (such as money), it’s very easy to do. For other assets, including real estate, it’s much harder to do because how do you split a house in half? It’s one asset that derives its value from being whole, and it’s usually a structure built on a plot of land, so it’s not going anywhere.

Since cutting the house down the middle isn’t an option, should one party get it or the other? And maybe in some divorces, one party might be invited to take the house only if they can pay for it (which is a massive expense a time that people rarely want to incur such expenses).

Here’s How To Split The Real Estate Asset

The best way to split the real estate asset is to sell it:

The property itself might have some expenses incurred during the sales process, or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two divorcing parties should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.

The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).

But this begs the question — how do you sell the property?

The Fastest Way To Sell A Divorce House

When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:

• the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
• the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
• the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth

This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.

Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at MarylandHousePros.com). The real estate buying firm will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork.

If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.

Click here to enter your information or call our office at 240 389-4319 to tell us about your property

Selling My House Fast in Maryland

Last updated on October 24, 2015

You need to sell your Maryland house fast right?  If you’re saying… “I’m having the toughest time selling my house fast in maryland“… you’re at the right place 🙂

These tips will help you get your property sold.

[NOTE: Most important – if you really need to sell fast, consider the option of selling for cash offer to a qualified local investor like MarylandHousePros

Selling My House Fast in Maryland – Your Options

Lately the financing world has been really screwy. Lenders change program requirements at the last minute – and for normal purchasers, that could delay your sale.

Keep in mind that anyone can write a cash offer, even if they’re borrowing money to purchase the property.  So when you’re selling a house through a real estate agent to an end buyer… be prepared that if the buyers financing falls through… you’ll have to start the sale process all over again… adding more months to the process, more holding costs you have to pay for, and more.

To avoid having the buyer pull out at the last second because of financing… one option is to sell your house to a local investment firm like us.

Often, qualified investors have access to multiple lines of credit with public and private lenders that is secured by other assets.

That means we can close quickly and we don’t have to wait for a bank loan to come through. You get your sale done and cash in hand quickly. 

You’ll have to do some due diligence to make sure you’re dealing with a qualified local investor. Qualified investors will have no problem providing you access to bankers and references who can verify the investor’s ability to close on the loan.

If you’ve taken a cash offer with an earnest money deposit, you might be entitled to keep the deposit if the buyer can’t close on the purchase.

But how do you get cash offers fast?

You can get a fair cash offer from us actually today.  We’re buying properties in the [market_city] [market_state] area, which we’re local to… and we buy Maryland houses … then we either hold them as rentals for ourselves… or we’ll repair / remodel the house if it needs it and sell it to someone who loves the house.

If your local Maryland property qualifies, we can buy your house fast.

Just fill out the form or pick up the phone and call us anytime at 240 389-4319

Real Estate Disclosures – What You Have to Share Legally in Maryland

Last updated on October 3, 2017

Real estate disclosures come with many questions for both a buyer and seller. Our rule of thumb? Be as open and honest as possible. In our latest post, we will cover what you need to disclose by law. 

Being an open and honest seller will not only help you avoid a lawsuit, but it will also make you a trustworthy, stand-up, all-around person. Hiding defects, looming repairs, and any other issues with the home will only come back to bite you in the end. Whether through a lawsuit or good ol’ karma… if you believe in that sort of thing.

Most real estate lawsuits occur because of non-disclosure.

So exactly how much are you required to disclose legally? Basically, anything that can affect the value of the property. Here are just a few of the things you should address:

• Issues with the land, such as drainage, bad soil, and potential for flooding. Bad soil can limit building and low-lying areas can be prone to flooding and water damage.
• Foundation level and known cracks must be disclosed. If the house settles more than it already has, it could experience structural damage.
• Plumbing problems, sewer issues, and leaky pipes all need to be brought to the forefront. Some of the most expensive home repairs stem from water damage.
• Any problems or irregularities with the heating and cooling systems should be addressed.
• If you have a problem with cockroaches, rats, ants, termites or moles, you will need to inform your potential buyer.
• Have a leaky roof or missing shingles? Tell your buyer before they find out during a rainstorm.
• Lead paint is a no-brainer. This disclosure is one of the most common you will see with home sales and rentals.
• Are there issues that will affect the title? Or rightful ownership? This needs to be spelled out up front, not during the closing process.
• You should also have documentation for repairs and insurance claims you’ve made in the past. You should be able to describe what was done and the materials used.

Additionally, some states will require more in-depth disclosure of hazard zones which include flooding, earthquakes and other environmental factors affecting the land. Some states will also require any violent crimes committed in the home be common knowledge. Not every state requires this, but it is a good rule of thumb to follow. Think about what you would want to know if you were buying a home for yourself!

Disclosures help a buyer learn as much as possible about a house before making their purchase.

You are selling a great home right? When you keep something to yourself, a minor, needed repair can snowball in much bigger problems. Many properties have something pop up during the inspection that the seller wasn’t prepared for. Imagine, your asking price slashed because of a defect you were unaware of. Your house is a multi-faceted machine. Many sellers choose to have their home inspected prior to a sale. This allows them to make the necessary repairs ahead of time, lessening potential buyer’s bargaining ability. An inspection will also show good-faith in selling. You are telling the world you want your home to be in the greatest possible condition before it is sold.

Disclosure rules vary state to state. Your agent, attorney or broker will be able to supply you a checklist that covers the requirements for your state. Review the list in its entirety and add as many detailed notes as possible. Don’t forget to include the dates of upgrades and repairs. Fill out the form as honestly and as completely as possible. If you have questions, it is best to talk to a lawyer instead of your agent. Your agent might avoid such questions as they are out of their scope, and they want to lessen their liability.

Remember, YOU CAN GET SUED for being dishonest.

And if you are found liable, you will need to pay for repairs, legal expenses, punitive damages and in some cases, the sale can be rescinded. Make sure you are working with a trusted professional to help guide you through real estate disclosures.

Are you selling your home in Maryland? If you have questions, we have answers! Fill out this form, or give our office a call now! 240 389-4319

MarylandHousepro.com

4 Tips to Help You Turn a Profit Flipping Property in Maryland

Last updated on March 31, 2017

Do you love real estate? Have you always wanted to learn about how to turn a profit flipping property in Maryland? We’ve put together some great tips to help get you on your way to making excellent profits by buying and selling properties in Maryland. 

The idea of flipping houses has grown over the past few years, partly due to reality TV shows and partly because more and more people have fallen in love with the idea of getting their hands dirty, doing the work and (if all goes well) turning a great profit.

Before you dive in head first, you should make sure you understand exactly what you are getting into.

Know Your Market

Real Estate Markets vary throughout the US. What is happening in your local market, might be different than what’s going on in the country as a whole.

• Are prices rising or falling?
• What are new facilities and infrastructure is in the works?
• What about the area will attract buyers?

If you buy a home in the area, does in make sense to hold and rent the property until prices rise even further.

Know Your Numbers

Do you know what an ARV is? This is the value of the home after repairs and upgrades have been made. You need to figure out this number by studying the market and working with a contractor who can accurately price out what it will cost to fix up the home.

You will also need to factor in the time it will take to complete the work and sell the house. While you are the owner, you will be the one responsible for the taxes, utilities, the mortgage (if you have one) in addition to the costs of materials, labor and so on.

Know Who Your Buyers Are

What is the demographics in the neighborhood? Are there families, retirees, outdoor lovers or students in the area? What will they be looking for in a home?

You will want to buy a home that that has features your leading demographic is looking for.

If you have young families buying in the area, focus on creating an open family room or finish the basement. If you have retirees, make the house easily accessible and the yard low-maintenance.

Price To Sell

Be realistic about what you can sell the home for. When you are calculating your ARV, don’t inflate the price to what you hope to get. When flipping a home, you want to sell it QUICKLY!

After doing your homework, you should know what homes are selling for in the neighborhood. Make sure you are listing your home at or slightly below these amounts.

Are you ready to turn a profit flipping property in Maryland?

If so, it is important to spend time thoroughly educating yourself and making sure you are aware of all market factors that will be involved.

If you are new to flipping and real estate investing make sure you work with a professional who can guide you through the process so you don’t end up losing a lot of money!

MarylandHousePros.com/investors can help you with your investment needs! Give us a call 240 389-4319 or use this form to contact us today!

MarylandHousePro.com

Sell House Fast In Capitol Heights

“I Need To Sell My House Fast In Capitol Heights!”

We Buy Houses Anywhere In Capitol Heights And Other Parts of Maryland, And At Any Price. Check Out How Our Process Works. We’re Ready To Give You A Fair Offer For Your House.

If you want to sell your Capitol Heights house… we’re ready to give you a fair all-cash offer.

Stop the frustration of your unwanted property. Let us buy your Maryland house now, regardless of condition.

Avoiding foreclosure? Facing divorce? Moving? Upside down in your mortgage? Liens? It doesn’t matter whether you live in it, you’re renting it out, it’s vacant, or not even habitable. We help owners who have inherited an unwanted property, own a vacant house, are behind on payments, owe liens, downsized and can’t sell… even if the house needs repairs that you can’t pay for… and yes, even if the house is fire damaged or has bad rental tenants.

Basically, if you have a property and need to sell it… we’d like to make you a fair cash offer and close on it when you’re ready to sell.

Do You Need To Sell Your House in Capitol Heights, Maryland?

We can buy your Maryland house.
Contact us today!

Even if an agent can’t sell your house, we can help.(Sometimes selling a house through a real estate agent is not for everyone.)

And as a bonus…

• you don’t need to clean up and repair the property
• don’t waste time finding an agent who you trust and who can deliver on their promise of selling your house quickly
• you won’t need to sign a contract that binds you to an agent for a certain term
• or deal with the paperwork and the waiting and wondering (and hoping)

We’ll know very quickly if we can help you, and unlike selling through an agent, you don’t have to wait to see if the buyer can get financing… we’re ready to buy right now!

All that hassle can add stress, months to the process, and in the end after paying the agent’s expensive fees, you may or may not be ahead of the game.

We work differently at MarylandHousePros. When you contact us and submit the short property information form (below), we’ll give you a fair all-cash offer on your house within 24 hours… and the best part is: we can close whenever YOU choose to close – it’s entirely up to you. It doesn’t matter what condition the house is in, or even if there are tenants in there that you can’t get rid of… don’t worry about it. We’ll take care of it for you. And if you need the cash quickly, we can close in as little as 7 days because we buy houses with cash and don’t have to rely on traditional bank financing. (Go here to learn about our process →)

In short…

No matter what condition your house is in; no matter what situation or timeframe you’re facing… 

Our goal is to help make your life easier and get you out from under the property that’sstressing you out… while still paying a fast, fair, and honest price for your house.

What Do You Have To Lose? Get Started Now... 

We buy houses in ANY CONDITION in Maryland. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (240) 389-4319...

• Property Address*
• Phone
• Email*

Or Give Us A Call Now At: (240) 389-4319

We help property owners just like you, in all kinds of situations. From divorce, foreclosure, death of a family member, burdensome rental property, and all kinds of other situations. We buy houses in Maryland… including Capitol Heights and surrounding areas and pay a fair cash price, fast. Sometimes, those who own property simply have lives that are too busy to take the time to do all of things that typically need to be done to prepare a house to sell on the market… if that describes you, just let us know about the property you’d like to be rid of and sell your house fast for cash.

If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, let us know about the property you’d like to be rid of and sell your house fast for cash. Talk to someone in our office before submitting your property information by calling us today at (240) 389-4319

We buy houses in Capitol Heights, Maryland  and all surrounding areas in Maryland. If you need to sell your house fast in Maryland, connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose 🙂

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What If My House Won’t Sell During A Divorce in Maryland?

If you’re going through a divorce and you’re trying to sell a house, you might be wondering, “what if my house won’t sell during a divorce in Maryland?” That’s a good question to ask so be sure to read this blog post and we’ll share our best answer with you…

A divorce can be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. And in all that effort you also need to sell your house so that you can split the value of any equity in the house and put it all behind you. But what if your house doesn’t sell? If you’re going through a divorce and wondering, “what if my house won’t sell during a divorce in Maryland?” then here’s what to do…

What Are The Reasons Your House Doesn’t Sell?

Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the buyer to negotiate on the sale of the property.

This Delay Adds To The Problem!

If the house is not selling as quickly as you’d like, this just adds to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorneys fees.

Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money.

Fortunately there’s another option…

Strategy For Divorce Houses: Sell To A House-Buying Company

Here’s an effective strategy for people who are trying to sell their divorce house — instead of listing the house with an agent, sell the house directly to a real estate buying firm like us here at MarylandHousePro.com. As real estate buyers, we may not always be able to pay the market price for a house… but many divorcing people realize that holding out for a higher price can actually be a costly strategy once you factor in the cost of repairing the property, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars).

If you’re wondering, “what if my house won’t sell during a divorce in Maryland?” and if you want to sell your house fast, a real estate buying firm like ours is the fastest and simplest choice to get the property out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings.

To learn more about our real estate buying program and how we might be able to help you out in this challenging situation, click here and fill out the short form or give our team a call at (240) 389-4319.

MarylandHousePro.com