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Clone of What Are My Options When Downsizing My House?

What Are My Options When Downsizing My House?

Today, more Americans are discovering the benefits of downsizing. Moving into a smaller space can help you save money, give you the freedom to pursue your interests, and help you declutter. You also have a lower mortgage, and you spend less time and energy on maintenance issues. However, selling your current house can be a hassle.

You may need to make renovation or repairs to your property and get it ready for the market. Listing the house, hiring a realtor, finding a seller, and closing the sale can take several months, delaying your downsizing plans. Instead of selling your house the traditional way, you may want to look at other alternatives. For instance, you can sell your house fast for cash to a local home buyer in the DMV area.

Three Main Options for Downsizing Your House

If you want to downsize your house fast with as little hassle as possible, you may want to look into alternatives to a traditional sale. You may be able to unload your current property quickly without incurring a lot of expenses. You can also expedite the sale so that you don't have to wait to get your downsizing plans underway. Let's compare three main ways to sell your house fast.

1. Hire a Realtor

The most common option for selling your house is to hire a realtor. A real estate agent can list your house, help you set a price, do your marketing, show the house, negotiate with potential buyers, and represent you at closing. A realtor can make your life easier by doing 80% of the work and guiding you through the selling process.

However, realtors come with a price. They make an average of six percent commission on every sale. That means you lose thousands of dollars off the top. Plus, don't look for your realtor to sell your house anytime soon. Currently, the average time it takes to downsize with a realtor is 60 to 90 days.

2. For Sale by Owner

A For Sale by Owner (FSBO) puts you in the driver's seat of selling your house. If you have a bit of market savvy and are motivated, you can list and market your house without professional help. You decide what price you want to set the house at, market it how you want, and deal with potential sellers on your terms. Plus, you avoid paying realtor commissions. If you are super motivated, you may be able to sell your house fast.

However, there are plenty of downsides to an FSBO. First, you oversee everything mentioned above. Preparing and marketing your house for a sale can be labor-intensive, costly, and time-consuming. On average, it takes six to 12 months to sell a property when doing an FSBO. If you need to sell your house fast, you may not have that kind of time. Plus, you still pay all the closing costs.

3. Sell Your House As-Is for Cash

A third option is to sell your house for cash to a local home buyer in the DMV area. A cash sale gives you the freedom to sell your house without incurring any expenses or waiting several months for the right buyer to come along. A local home buyer can look at the property, make a fast cash offer, and close the sale in as little as seven days.

You can sell your house as-is; meaning, you do not make repairs or renovations. Plus, you pay no closing costs or realtor commissions. The only downside to a cash sale is that you may not get your asking price for the property. However, you may come out about the same after paying all the necessary expenses from a traditional sale. Plus, you don't have to put in the time and effort to fix the house up.

Request Your Fair Cash Offer:


    How to Downsize Your Home in 3 Steps

    Step 1: Schedule a Visit with a Local House Buyer

    The first step is to pick up the phone and call one of our local house investors in the Alexandria, Virginia, area. Simply schedule a quick walkthrough of the property. There is no need to make any renovations, prepare the house to show, or even clean up. We are happy to view the property as-is.

    Step 2: Let Us Make a Fast Cash Offer

    If we decide we want to move forward with buying the property, we'll make a competitive cash offer based on a percentage of the house's value. We can negotiate a fair cash offer that puts money in your pocket and allows us to make a good investment.

    Step 3: We Pay You Cash

    Do you like the offer? Then schedule a closing date that works for you. We show up, sign the papers, and pay all closing costs and fees. You pay nothing. We can pay cash in as little as seven days after closing.

    Why Work with a Local Cash Home Buyer

    You may get a call from a national cash home buyer who wants to make an offer to pay cash for your house without even looking at the property. They may try to take advantage of your current situation by locking you into a commitment.

    However, these companies do not understand your circumstances or know the local real estate market. When you work with Fortune Homes, you can partner with investment professionals who are genuinely interested in helping you get out of a less-than-desirable situation.

    We know the Local DMV Real Estate Market

    Our investors live and do business in the DMV area. We understand the real estate market and the challenges that you face when you sell your house. You don't have to deal with the hassle of working with people you don't know or trust.

    We Make a Fair Cash Offer on Your House

    Not all investors are looking out for your best interest. They may make a bottom-line offer that does not help your situation at all. Let our house buyers look at your property and make a fair offer based on a healthy percentage of your house's property value.

    You Don't Have to Wait to Sell Your House

    We understand how frustrating it can be to list your house on the market and wait months to find a buyer. If you need to get out of your property right now and don't want to wait, let us immediately take it off your hands. We can close and put cash in your hand in as little as 30 days.

    Sell Your Distressed House for Cash in DMV

    Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in the DMV and the surrounding area. We buy houses as-is in any condition. Call 202-918-9800 to schedule a quick, no-obligation visit with one of our local cash home buyers.

    Our company purchases property as-is in the following areas:

    Alexandria Fairfax Falls Church
    Manassas Rockville Silver Spring
    Vienna Washington, D.C. Arlington County
    Fairfax County Loudoun County Montgomery County
    Prince George's County Prince William County

    Request Your Fair Cash Offer:


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      What Are My Options When Downsizing My House?

      What Are My Options When Downsizing My House?

      Today, more Americans are discovering the benefits of downsizing. Moving into a smaller space can help you save money, give you the freedom to pursue your interests, and help you declutter. You also have a lower mortgage, and you spend less time and energy on maintenance issues. However, selling your current house can be a hassle.

      You may need to make renovation or repairs to your property and get it ready for the market. Listing the house, hiring a realtor, finding a seller, and closing the sale can take several months, delaying your downsizing plans. Instead of selling your house the traditional way, you may want to look at other alternatives. For instance, you can sell your house fast for cash to a local home buyer in the DMV area.

      Three Main Options for Downsizing Your House

      If you want to downsize your house fast with as little hassle as possible, you may want to look into alternatives to a traditional sale. You may be able to unload your current property quickly without incurring a lot of expenses. You can also expedite the sale so that you don't have to wait to get your downsizing plans underway. Let's compare three main ways to sell your house fast.

      1. Hire a Realtor

      The most common option for selling your house is to hire a realtor. A real estate agent can list your house, help you set a price, do your marketing, show the house, negotiate with potential buyers, and represent you at closing. A realtor can make your life easier by doing 80% of the work and guiding you through the selling process.

      However, realtors come with a price. They make an average of six percent commission on every sale. That means you lose thousands of dollars off the top. Plus, don't look for your realtor to sell your house anytime soon. Currently, the average time it takes to downsize with a realtor is 60 to 90 days.

      2. For Sale by Owner

      A For Sale by Owner (FSBO) puts you in the driver's seat of selling your house. If you have a bit of market savvy and are motivated, you can list and market your house without professional help. You decide what price you want to set the house at, market it how you want, and deal with potential sellers on your terms. Plus, you avoid paying realtor commissions. If you are super motivated, you may be able to sell your house fast.

      However, there are plenty of downsides to an FSBO. First, you oversee everything mentioned above. Preparing and marketing your house for a sale can be labor-intensive, costly, and time-consuming. On average, it takes six to 12 months to sell a property when doing an FSBO. If you need to sell your house fast, you may not have that kind of time. Plus, you still pay all the closing costs.

      3. Sell Your House As-Is for Cash

      A third option is to sell your house for cash to a local home buyer in the DMV area. A cash sale gives you the freedom to sell your house without incurring any expenses or waiting several months for the right buyer to come along. A local home buyer can look at the property, make a fast cash offer, and close the sale in as little as seven days.

      You can sell your house as-is; meaning, you do not make repairs or renovations. Plus, you pay no closing costs or realtor commissions. The only downside to a cash sale is that you may not get your asking price for the property. However, you may come out about the same after paying all the necessary expenses from a traditional sale. Plus, you don't have to put in the time and effort to fix the house up.

      Request Your Fair Cash Offer:


        How to Downsize Your Home in 3 Steps

        Step 1: Schedule a Visit with a Local House Buyer

        The first step is to pick up the phone and call one of our local house investors in the Alexandria, Virginia, area. Simply schedule a quick walkthrough of the property. There is no need to make any renovations, prepare the house to show, or even clean up. We are happy to view the property as-is.

        Step 2: Let Us Make a Fast Cash Offer

        If we decide we want to move forward with buying the property, we'll make a competitive cash offer based on a percentage of the house's value. We can negotiate a fair cash offer that puts money in your pocket and allows us to make a good investment.

        Step 3: We Pay You Cash

        Do you like the offer? Then schedule a closing date that works for you. We show up, sign the papers, and pay all closing costs and fees. You pay nothing. We can pay cash in as little as seven days after closing.

        Why Work with a Local Cash Home Buyer

        You may get a call from a national cash home buyer who wants to make an offer to pay cash for your house without even looking at the property. They may try to take advantage of your current situation by locking you into a commitment.

        However, these companies do not understand your circumstances or know the local real estate market. When you work with Fortune Homes, you can partner with investment professionals who are genuinely interested in helping you get out of a less-than-desirable situation.

        We know the Local DMV Real Estate Market

        Our investors live and do business in the DMV area. We understand the real estate market and the challenges that you face when you sell your house. You don't have to deal with the hassle of working with people you don't know or trust.

        We Make a Fair Cash Offer on Your House

        Not all investors are looking out for your best interest. They may make a bottom-line offer that does not help your situation at all. Let our house buyers look at your property and make a fair offer based on a healthy percentage of your house's property value.

        You Don't Have to Wait to Sell Your House

        We understand how frustrating it can be to list your house on the market and wait months to find a buyer. If you need to get out of your property right now and don't want to wait, let us immediately take it off your hands. We can close and put cash in your hand in as little as 30 days.

        Sell Your Distressed House for Cash in DMV

        Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in the DMV and the surrounding area. We buy houses as-is in any condition. Call 202-918-9800 to schedule a quick, no-obligation visit with one of our local cash home buyers.

        Our company purchases property as-is in the following areas:

        Alexandria Fairfax Falls Church
        Manassas Rockville Silver Spring
        Vienna Washington, D.C. Arlington County
        Fairfax County Loudoun County Montgomery County
        Prince George's County Prince William County

        Request Your Fair Cash Offer:


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          What is a Distressed House?

          What is a Distressed House?

          One of the most misunderstood real estate terms is distressed house. Although many believe that it is a damaged or unlivable house, a distressed house has little to do with the condition of the property. Instead, a distressed house is a term that indicates that your property is in the late stages of foreclosure and is getting ready to go to auction.


          When you stop making payments to your mortgage and the loan becomes delinquent, the bank may attempt to foreclose the house. If the lender takes control of the property, they may try to sell it at auction to recover some or all the remaining loan balance. If the house does not sell at auction, the bank may list it on their website or through an MLS site to sell the house.

          Do You Have a Distressed House?

          Whether your house is stressed depends on how many payments you are behind on the mortgage and how far along the house is in the foreclosure process. For instance, if you are only a couple of payments behind on your mortgage, the bank is not in a position to move forward with foreclosure. However, if you are 90 to 120 days past due on the bill, the lender may begin the foreclosure process.


          You do not have a distressed house during the earlies stages of foreclosure. Instead, the lender may continue to try to work out a payment plan or offer to restructure the terms of your mortgage. However, after exhausting all other possibilities, the lender will repossess the house and evict you and your family. At this point, the house is going to auction and will officially be distressed.

          3 Types of Distressed Houses

          There are three primary reasons for a distressed sale. Let's look at each scenario in more detail.

          1. Foreclosure

          Many distressed houses are the result of foreclosures. This happens when a home buyer stops being able to make their monthly mortgage payments. The bank forecloses on the home and repossesses the property. Occasionally, the lender may accept a deed instead of foreclosure to assume ownership.

          2. REO Property

          Properties that don't sell at foreclosure auctions are known as real estate-owned property or REO properties. These homes are considered distressed property. Lenders don't typically want to maintain or repair these properties and may be willing to sell them at a discount.

          3. Short Sale

          And finally, homeowners facing foreclosure may be willing to do something called a short sale. This typically happens when a mortgage is upside down. This means they owe more on the mortgage than the home is currently worth. In this situation, short sales are a more attractive option for the owner.

          Request Your Fair Cash Offer:


            How to Avoid a Distressed House in 3 Steps

            Step 1: Schedule a Visit with a Local House Buyer Step 2: Let Us Make a Fast Cash Offer Step 3: We Pay You Cash
            The first step is to pick up the phone and call one of our local house investors in the Alexandria, Virginia, area. Simply schedule a quick walkthrough of the property. There is no need to make any renovations, prepare the house to show, or even clean up. We are happy to view the property as-is. If we decide we want to move forward with buying the property, we'll make a competitive cash offer based on a percentage of the house's value. We can negotiate a fair cash offer that puts money in your pocket and allows us to make a good investment. Do you like the offer? Then schedule a closing date that works for you. We show up, sign the papers, and pay all closing costs and fees. You pay nothing. We can pay cash in as little as seven days after closing.

            Why Sell Your House As-Is for Cash?

            Today, the real estate market is unreliable at best. There are no guarantees that you will sell your house, get the asking price you want, or make a profit after paying closing costs, realtor commissions, and repair costs. There are several reasons why selling your house for cash is a better option:

            • You pay no closing costs, realtor commissions, or other fees.
            • There is no reason to renovate, repair, or prepare your house.
            • You can avoid listing or showing your house to potential buyers.
            • Choose your closing date without waiting.
            • We buy your house as-is – don't bother cleaning it.
            • You work with a local house buyer in the DMV area.
            • We make a fair, competitive offer just under your house's market value.

            With all the benefits of selling your house for cash, you owe it to yourself to explore it as an option. Let us take your property off your hands. You walk away free and clear with no strings attached.

            Work with Our Local Home Buyers in the DMV

            When you work with Fortune Homes, you partner with investment professionals who are genuinely interested in helping you get out of a less-than-desirable situation.

            We know the Local DMV Real Estate Market We Make a Fair Cash Offer on Your House You Don't Have to Wait to Sell Your House
            Our investors live and do business in the DMV area. We understand the real estate market and the challenges that you face when you sell your house. You don't have to deal with the hassle of working with people you don't know or trust. Not all investors are looking out for your best interest. They may make a bottom-line offer that does not help your situation at all. Let our house buyers look at your property and make a fair offer based on a healthy percentage of your house's property value. We understand how frustrating it can be to list your house on the market and wait months to find a buyer. If you need to get out of your property right now and don't want to wait, let us immediately take it off your hands. We can close and put cash in your hand in as little as 30 days.

            Sell Your Distressed House for Cash in DMV

            Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in the DMV and the surrounding area. We buy houses as-is in any condition. Call 202-918-9600 to schedule a quick, no-obligation visit with one of our local cash home buyers.

            Our company purchases property as-is in the following areas:

            Alexandria Fairfax Falls Church
            Manassas Rockville Silver Spring
            Vienna Washington, D.C. Arlington County
            Fairfax County Loudoun County Montgomery County
            Prince George's County Prince William County

            Request Your Fair Cash Offer:


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              What Is The Best Way To Sell My Rental House Fast?

              What is the Best Way to Sell My Rental House Fast?

              Whether you are a tired landlord and ready to get out of the game or have a property that is not generating profit, you may be considering selling a rental property and moving on. Selling a rental property can generate some quick cash, help you get out from underneath a mortgage, or reduce some stress. The question you may be asking is what the best way is to sell your rental property fast in the DMV area.


              When selling a rental property, you essentially have three choices. You can hire a realtor or property manager to sell the property for you. You can also attempt a For Sale by Owner and bypass a realtor altogether. If you don't want to deal with the expense or hassle of listing your house, a third option may be to sell your house fast as-is to a local home buyer in the DMV area.

              Request Your Fair Cash Offer:


                Comparing 3 Ways to Sell Your Rental Property

                Option 1: Hire a Realtor

                Average Time to Sell: 60 to 90 Days
                If you are like most homeowners, your initial thought is to call a local real estate agent to manage your house's sale. A realtor can list your house, manage the sale, and help you land a deal with a buyer. Also, they may be able to help you negotiate the asking price. However, there are some drawbacks to hiring a realtor.
                • Realtor fees and commissions
                • Closing costs
                • Inspection and appraisal fees
                • Renovations and repairs to your property
                • Multiple showings over several weeks
                • Lots of marketing and promotion
                In a traditional sale, you are responsible for making sure that the house passes inspection and can compete in the market. This means shelling out thousands of dollars in repairs and upgrades. You will also spend a considerable amount of cash preparing the house to show. The more improvements you make in the house, the longer it takes to sell it.


                For instance, it can take up to 12 months to renovate the house. It may take another 45 days for the buyer to get mortgage approval and 40 days to close on the sale. If you are in a situation where you need to sell your house fast, you may not have that kind of time to unload the property.

                Option 2: For Sale by Owner

                Average Time to Sell: 6 to 12 Months
                If you don't want six percent of your profits going to a realtor, you may want to consider a For Sale by Owner (FSBO). This option gives you full control of the sale. You determine when you want to list the house, how you want to market it, and how much you want to ask. Simply put a for sale sign in the front yard and wait for interested buyers. If you are motivated and have negotiating powers, then an FSBO may be a better option than hiring a realtor.
                • You determine the fair market value of your property.
                • You find, hire, and pay for a licensed appraiser.
                • You pay for renovations and repairs.
                • You prepare and show your house multiple times.
                • You are responsible for all your marketing.
                As a seller, you must be assertive enough to negotiate your asking price and not let a buyer take advantage of you. You'll also quickly discover how complicated the closing process is when you are doing it on your own. In the end, you may decide that you don't have the time, energy, or resources to pull off an FSBO.

                Option 3: Sell Your House for Cash

                Average Time to Sell: 20 to 40 Days
                A third option that may work for you is to sell your house fast for cash to a local home buyer in Ohio. The process is simple. You meet with the investor, who performs a quick walkthrough of the property. If they like what they see, they make an offer - usually within 24 to 48 hours. If you accept the offer, you close on the sale in as little as seven days.


                There are other benefits to working with a local home buyer, such as

                • There are zero closing costs and zero realtor fees.
                • You do not have to list your house or show it multiple times.
                • You can sell your house as-is - not renovations or repairs.
                • You receive a fair cash offer within 24 hours at just under the market value.
                If you need to sell your house fast, selling it for cash eliminates needless steps and hassles associated with an FSBO or traditional sale. This is especially valuable if you are going through a divorce, new job, or foreclosure to get out from underneath the property quickly.

                Sell Your Rental House Fast in the DMV

                At Fortune Homes, we buy houses for cash. We pay all closing costs and do not charge any fees. Our company purchases property as-is and puts cash in your hands in as little as 30 days. Call us today at 202-918-9600 and schedule a quick walkthrough in the DMV.

                Request Your Fair Cash Offer:


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                  CAN I SELL MY HOUSE DURING BANKRUPTCY?

                  Can I Sell My House During Bankruptcy?

                  Once you file for a Chapter. 7, 11, or 13 bankruptcy, you relinquish control of your assets to your creditors, the court, and a bankruptcy trustee. In most bankruptcies, your primary asset is often your home. However, you do not extinguish your mortgage when you keep your home. You will likely agree to a restructured payment plan that is manageable under your current financial situation.


                  Sometime during the bankruptcy process, you may decide that you no longer want the house. Instead, you want to sell it to avoid bankruptcy or as a means of paying off creditors. Either way, you will need to arrange with the trustee to sell your house fast on the market or to a local home buyer in the DMV area. Selling your house may help you pay off your debts and avoid bankruptcy, saving your credit so that you can buy another house down the road.

                  How to Sell My House Fast During Bankruptcy

                  Bankruptcy laws are consistent in Washington, D.C., Maryland, and Virginia. However, whether you can sell your house and how you sell your house depends on your overall financial situation. After you file for bankruptcy, you may have to go through a waiting period of 14 to 21 days. Afterward, you coordinate the sale of your house with the bankruptcy trustee.


                  If you want to sell your house fast during bankruptcy, you need to file a motion to sell. A motion includes a house appraisal or other documentation to validate the home's value and a proposal for distributing the sale proceeds. If the trustee agrees to the terms of the sale, your proposal to sell will typically be approved.

                  Once you complete closing requirements, you must file a statement of sale with your trustee immediately. The statement of sale includes:
                  • The home's final sale price
                  • Closing-related deductions
                  • The balance turned over to pay off the mortgage
                  • Any remaining proceeds from the sale
                  Once you file this document, the trustee will order any payments necessary according to your proposal. You may need to pay creditors, make a down payment on a new home, or discharge your debt if the funds cover the costs needed to pay off your Chapter 13 repayment plan.

                  Do I Have to Sell My House the Traditional Way?

                  In a traditional house sale, you hire a realtor and list your house on the market. You may post the sale on an MLS site and put a for-sale sign in the front yard. However, during bankruptcy, you may not have time to make the necessary repairs/renovations, find a buyer, and go through the lengthy closing process. Chances are, you'll never meet the deadlines required by your bankruptcy trustee.


                  Thankfully, you do not have to sell your house the traditional way while filing for bankruptcy. You can work with a local home buyer in the DMV area and sell your house fast for cash. A home buyer can take a quick look at the property, make a fast cash offer (usually within 24 to 48 hours), and close on the sale in as little as seven days. You can sell your house as-is without making any repairs or renovations.

                  How to Sell My House Fast in DMV

                  Step 1: Schedule a Visit with a Local House Buyer

                  The first step is to pick up the phone and call one of our local house investors in the Alexandria, Virginia, area. Simply schedule a quick walkthrough of the property. There is no need to make any renovations, prepare the house to show, or even clean up. We are happy to view the property as-is.

                  Step 2: Let Us Make a Fast Cash Offer

                  If we decide we want to move forward with buying the property, we'll make a competitive cash offer based on a percentage of the house's value. We can negotiate a fair cash offer that puts money in your pocket and allows us to make a good investment.

                  Step 3: We Pay You Cash

                  Do you like the offer? Then schedule a closing date that works for you. We show up, sign the papers, and pay all closing costs and fees. You pay nothing. We can pay cash in as little as seven days after closing.

                  Request Your Fair Cash Offer:


                    The Benefits of Selling Your House for Cash

                    Today, the real estate market is unreliable at best. There are no guarantees that you will sell your house, get the asking price you want, or make a profit after paying closing costs, realtor commissions, and repair costs. There are several reasons why selling your house for cash is a better option:
                    • You pay no closing costs, realtor commissions, or other fees.
                    • There is no reason to renovate, repair, or prepare your house.
                    • You can avoid listing or showing your house to potential buyers.
                    • Choose your closing date without waiting.
                    • We buy your house as-is - don't bother cleaning it.
                    • You work with a local house buyer in the DMV area.
                    • We make a fair, competitive offer just under your house's market value.
                    With all the benefits of selling your house for cash, you owe it to yourself to explore it as an option. Let us take your property off your hands. You walk away free and clear with no strings attached. Sell Your House for Cash in DMV Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in DMV and the surrounding area. We buy houses as-is in any condition. Call 202-918-9800 to schedule a quick, no-obligation visit with one of our local cash home buyers.


                    Our company purchases property as-is in the following areas:

                    Alexandria Fairfax Falls Church
                    Manassas Rockville Silver Spring
                    Vienna Washington, D.C. Arlington County
                    Fairfax County Loudoun County Montgomery County
                    Prince George's County Prince William County

                    Request Your Fair Cash Offer:


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                      Clone of Are You a Burnt Out Landlord?

                      Are You a Burnt Out Landlord?

                      Do you currently have a rental property and are tired of your tenants not paying rent? As a landlord in the DMV area, I understand your frustration. When tenants fail to pay rent, it hurts you financially because you still have expenses to pay, such as:
                      • Taxes
                      • Insurance
                      • Mortgage
                      • Maintenance
                      • Repairs
                      Millions of people have lost work due to the Coronavirus pandemic and are unable to pay their rent. Not drawing adequate income can make it almost impossible for any tenant to keep up with their rent and other monthly bills. However, even if they receive unemployment or a stimulus check, they can choose to allocate that money for something else and not rent.

                      The Current System is Working Against You

                      When your tenants miss a month of rent, they are likely to stay behind in the payments indefinitely. That puts you as a landlord in a difficult situation, because the pressure is on you to try to collect the unpaid balance required by the lease. To make matters worse, our state government has allowed a moratorium, so that you cannot evict tenants through the summer of 2020 due to the Coronavirus. The current system provides relief for your tenants, but not much relief for you as a landlord.

                      working

                      Are You Frustrated with Maintaining Your Rental Property?

                      Tenants who are not on time with their rent do not maintain or keep up with the property. By the end of the lease, the property is often in poor condition and in need of major renovations. The security deposit the tenant forfeits will not cover the renovations needed to make the property ready for another tenant. If your rental property is currently sitting in an area where the laws favor the tenant, you may find it difficult to evict the tenants even if they have not paid their rent in months. If you are in this situation as a landlord, what are your options?

                      Sell Your House Fast for Cash in DMV

                      If you live in the DMV area and you no longer want to deal with the hassle of managing your property, you can cash out by selling your property to Fortune Homes. We buy houses from landlords. Our buyers can assume responsibility and the legal liability of managing the home and dealing with your tenants for you. You pay no closing costs and no fees. We work with landlords who have tenants that have been living on the property but have not been paying the rent. We can give you a cash offer and purchase the property as-is. Even if the tenant damaged the home, we can take it in the current condition regardless of the physical defects of the property. We will also take the responsibility and legal liability of evicting the tenants for you on your behalf. With the additional help from a local house buyer in the DMV region, you have one less property to worry about.

                      sell-house

                      Sell Your House for Cash in DMV

                      Don?t get stressed out about bad tenants ever again. You can cash out right now, get the highest possible equity out of your house, and never worry about the tenants again. To find out more about Fortune Homes and how to sell your house to a local house investor in DMV, subscribe to our YouTube Channel and also visit our website at www.webuyhousesinDMV.com. We pay cash for your house as-is within 24 hours.
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                      Are You a Burnt Out Landlord?

                      Are You a Burnt Out Landlord?

                      Do you currently have a rental property and are tired of your tenants not paying rent? As a landlord in the DMV area, I understand your frustration. When tenants fail to pay rent, it hurts you financially because you still have expenses to pay, such as:
                      • Taxes
                      • Insurance
                      • Mortgage
                      • Maintenance
                      • Repairs
                      Millions of people have lost work due to the Coronavirus pandemic and are unable to pay their rent. Not drawing adequate income can make it almost impossible for any tenant to keep up with their rent and other monthly bills. However, even if they receive unemployment or a stimulus check, they can choose to allocate that money for something else and not rent.

                      The Current System is Working Against You

                      When your tenants miss a month of rent, they are likely to stay behind in the payments indefinitely. That puts you as a landlord in a difficult situation, because the pressure is on you to try to collect the unpaid balance required by the lease.

                      To make matters worse, our state government has allowed a moratorium, so that you cannot evict tenants through the summer of 2020 due to the Coronavirus. The current system provides relief for your tenants, but not much relief for you as a landlord.

                      working

                      Are You Frustrated with Maintaining Your Rental Property?

                      Tenants who are not on time with their rent do not maintain or keep up with the property. By the end of the lease, the property is often in poor condition and in need of major renovations.

                      The security deposit the tenant forfeits will not cover the renovations needed to make the property ready for another tenant. If your rental property is currently sitting in an area where the laws favor the tenant, you may find it difficult to evict the tenants even if they have not paid their rent in months.

                      If you are in this situation as a landlord, what are your options?

                      Sell Your House Fast for Cash in DMV

                      If you live in the DMV area and you no longer want to deal with the hassle of managing your property, you can cash out by selling your property to Fortune Homes. We buy houses from landlords. Our buyers can assume responsibility and the legal liability of managing the home and dealing with your tenants for you. You pay no closing costs and no fees.

                      We work with landlords who have tenants that have been living on the property but have not been paying the rent. We can give you a cash offer and purchase the property as-is. Even if the tenant damaged the home, we can take it in the current condition regardless of the physical defects of the property.

                      We will also take the responsibility and legal liability of evicting the tenants for you on your behalf. With the additional help from a local house buyer in the DMV region, you have one less property to worry about.

                      sell-house

                      Sell Your House for Cash in DMV

                      Don?t get stressed out about bad tenants ever again. You can cash out right now, get the highest possible equity out of your house, and never worry about the tenants again. To find out more about Fortune Homes and how to sell your house to a local house investor in DMV, subscribe to our YouTube Channel and also visit our website at www.webuyhousesinDMV.com. We pay cash for your house as-is within 24 hours.

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                        Should You Use A Realtor Or Sell To An Investor?

                        Sell to Investor vs. Sell to Realtor: Which is Best?

                        What is the best way to sell my house fast?

                        As a homeowner, you may be wondering what is the best way to sell your house fast. There are numerous options, such as selling your house through a realtor, choosing a for sale by owner (FSBO), or selling your house for cash to local cash home buyers. Of all these options, selling your house the traditional way through a realtor is perhaps the most popular.

                        However, popular isn?t always best. This is especially true if you are trying to sell your house fast. For instance, you may be in one of the following situations:
                        Bankruptcy Damaged Property Distressed Property divorce
                        Downsizing Foreclosure Inherited House Late Payments
                        Probate Relocating Rental Properties Ugly Houses

                        If so, then selling your house the traditional way and waiting three to six months for a sale may not be your best option. Instead, you may want to try to get a fast cash offer so that you can unload your property fast. A local investment company purchases property as-is and allows you to walk away without any strings.

                        Below, we compare an investor vs. realtor to determine which option is best for you. If you have any further questions, call fortune Homes at 202-918-9600. We buy houses!

                        Selling Your House Through a Realtor

                        The purpose of a realtor is to help you identify the ideal buyer for your house and help you get the best purchase price at closing. Realtors agree to do all of the marketing, promotion, and showing, as well as research into your market. In essence, they take over the selling of your house to relieve you of the burden.

                        In addition, realtors keep up with all of the state regulations, schedule appraisals and showings, and consult you on the best way to market and show your house. Their job is to ensure that you walk away 100 percent satisfied with the transaction between you and the buyer.

                        With all the benefits of selling your house through a realtor, there are also some drawbacks:

                        You Pay Realtor Commissions

                        According to realtor.com, the average realtor commission is five to six percent. This means that if you sold your house for $200,000, you would pay the realtor up to $12,000 in commissions. A commission that high can eat into your profits considerably.  If you choose the for sale by owner route, you may still end up paying commission to the buyer?s realtor.

                        You Pay All Closing Costs

                        When you go to sell your house, you will pay for all the closing costs. Zillow estimates that closing fees range from two to five percent of the purchase price of the house. For instance, if you sold your house for $150,000, you may pay up to $7500 in closing costs.

                        Additional Costs for Selling Your House

                        Realtor commissions and closing costs are just the tip of the iceberg when selling your house. There are other common expenses, including:
                        • Attorney fees
                        • Appraisals and inspections
                        • Moving costs
                        • Mortgage payoff
                        • Transaction fees
                        • Transfer tax
                        • Escrow fees
                        These fees can add up to thousands of dollars in additional expenses you weren?t counting on when calculating your profits.

                        Renovating, Repairing, Preparing, and Showing Your Home

                        If you get a realtor or appraiser to look at your house, they will almost always recommend some form of renovation or repair to make your house more sellable. While it is true that renovations can increase the value of your property, the ROI on most remodels rarely surpasses 80 percent. Let?s say you spend $10,000 replacing a roof. That puts your ROI at $8,000 that you can add to your house?s purchase price. However, you?re still out of pocket by $2,000.

                        The Average House Sell in 65 to 92 Days

                        If you are in a situation where you need to sell your house fast, don?t count on moving the property quickly in a traditional sale. On average, it takes two to three months to sell a house. This is assuming that the market and the economy is strong. If not, it could take much longer for you to find a house buyer.

                        Selling Your House to a Local Cash Home Buyer

                        You may have seen signs that read, ?We buy houses in any condition,? or ?We buy houses As-Is.? In a market often dominated by traditional house selling, this type of fast cash offer may seem too good to be true. However, house investors help homeowners who need to get out from underneath their property or mortgage as fast as possible.

                        So, if you find yourself saying, ?Sell my house fast,? then a local house investor may be your best bet. There are several benefits to selling your house to a cash home buyer, including:

                        You Pay Nothing to Sell Your House

                        When you sell your house to a local house buyer, it costs you nothing to make the transaction. There are no closing costs, realtor commissions, or selling fees. The company that buys houses pays all transactional costs and charges you nothing to assume ownership of the property.

                        There Are No House Renovations or Repairs

                        If you are looking to sell your house fast, you don?t have time for renovations or repairs. In addition, these repairs could cost thousands of dollars that you currently don?t have. A local company purchases property as-is with no need for any repairs or renovations. You also do not have to prepare your house to show to multiple people.

                        Sell Your House In As Little as 30 Days

                        Whether you are a landlord selling a rental property, going through probate, or trying to avoid foreclosure, selling your house to an investor can help you unload the property quickly. An investor can evaluate your property, make a cash offer within 48 hours, and close in only a few weeks. You can have cash-in-hand in as little as 30 days ? not three to six months.

                        Sell My House Fast for Cash in the DMV

                        At Fortune Homes, we buy houses for cash. Regardless of the condition of your home or your current situation, we can help you sell your house and put cash in your hands in as little as 30 days. Get a fast cash offer by calling 202-918-9600 and scheduling a quick walkthrough with a local cash home buyer.

                        We buy houses in the following areas:

                        Request Your Fair Cash Offer:


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                          Choosing The Right Cash Home Buyer in DMV

                          Choosing the Right Cash Home Buyer in the DMV

                          If you are selling your house in the DMV, then you may want to consider letting a cash home buyer look at your home. These are the people that post the signs that say, ?We buy houses in any condition? or ?We buy houses for cash.? When you work with a local house investor, you eliminate the time and money it takes to list your house on the market and go through a realtor.

                          An investor can do a quick walkthrough, make a fast cash offer within 24 to 48 hours, and close on the sale within a few weeks. You can get cash-in-hand in as little as 30 days. What are the best companies that buy houses as-is in the DMV? What should you look for in a local cash home buyer? Let?s take a closer look below.

                          1. Choose a Local House Investor in the DMV Area

                          Once you start selling your house, you may receive flyers in the mail that say, ?We Buy Houses.? You may also receive a phone call or an email from an investor that gives you an offer without looking at your house. Chances are, these investors saw your listing online, crunched a few numbers, and decided to reach out.

                          However, many of them are national investors who are looking to flip a house and make a quick profit. They don?t know the DMV area, they don?t understand the local real estate market, and they definitely don?t know your particular situation. A better option is to choose a local cash home buyer in the DMV.

                          A local buyer will take a vested interest in your situation and your property. An investor will make a fair cash offer based on a healthy percentage of your property?s value. They will not try to take advantage of you with a low offer that you can?t work with. A local investor knows the residents in this area and understands the needs of sellers.

                          2. Look at Reviews and Testimonials

                          A company that buys houses works with lots of sellers. Looking at what previous sellers have to say about working with an investor can make a difference in which company you choose. Therefore, try to look for testimonials and reviews from previous property owners.

                          Where are the best places to find reviews?
                          • Google my business
                          • Better Business Bureau
                          • Social media sites
                          • Realtor sites
                          • Zillow
                          • Yelp
                          • Angie?s List
                          You can also find reviews on the investor?s website.

                          When looking at reviews, it is important that you find reviews that are authentic, objective, and honest. Don?t just look for rants or cheerleading from reviewers. Instead, try to find in-depth reviews that tell you more about the seller?s experience. For instance:

                          Good Seller Review

                          John helped me get through the selling process without any problems. He was on time, kept his promises, and gave me a good offer on the home. I didn?t have to pay a dime, and I got the house sold in only a few weeks. 

                          Seller Review That Needs Work

                          I recommend John. He was really nice. If you?re in the DMV area, then call him. You?ll probably get to sell your house for a good deal.

                          Seller reviews are important in establishing an investor?s reputation. Therefore, take them seriously and look for the best ones ? good, bad, and ugly.

                          The Investor Can Save You Time and Money

                          The whole point of working with a house investor is to get out of your house as quickly as possible. In order to expedite a sale, you have to avoid all of the usual challenges that arise in a traditional sale. A local house investor should be able to help you in the following ways:
                          • You avoid closing costs, transactional fees, and realtor commissions.
                          • You do not have to make renovations or repairs to the house.
                          • You do not have to list the house on the market.
                          • You can avoid showing the house to multiple buyers.
                          • You don?t have to wait several months to sell the house and close.
                          A reputable investor is already prepared to help you avoid all of the headaches associated with a traditional sale. They arrive on-site, assess the property, and make a fast cash offer within a day or two. From there, the investor shows up at closing, takes care of all the closing costs, and signs the paperwork. You walk away from the property, free and clear.

                          The Investor Will Buy Your House Regardless of Your Situation

                          One of the main benefits of selling your house for cash is that you have flexibility. The company purchases property as-is regardless of your current circumstances. An investor works with sellers in all types of situations such as:
                          Bankruptcy Damaged Property Distressed Property divorce
                          Downsizing Foreclosure Inherited House Late Payments
                          Probate Relocating Rental Properties Ugly Houses
                          If you need to unload your property fast, you may not be able to find these types of house buyers in a traditional sale. Furthermore, there may be complications and legal issues that keep you from selling your house under your current situation. A local house buyer can make a cash offer and take the property from your hands regardless of the circumstances.

                          They?re not interested in your situation as much as they are buying your home. This takes the pressure off of selling your house. So whether you are going through a foreclosure, divorce, probate, or relocation, you can still sell your house and move on.

                          Sell My House Fast for Cash in the DMV

                          At Fortune Homes, we buy houses for cash. Regardless of the condition of your home or your current situation, we can help you sell your house and put cash in your hands in as little as 30 days. Get a fast cash offer by calling 202-918-9600 and scheduling a quick walkthrough with a local cash home buyer.

                          We buy houses in the following areas:

                          Request Your Fair Cash Offer:


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                            How to Sell Your House As-Is in the DMV

                            How to Sell Your House As-Is in the DMV

                            Sell My House As-Is Fast!

                            If you are looking to sell your house as-is in the DMV area, a local home cash buyer can view your property and make a fast cash offer within 24 to 48 hours. You can close on the sale and get cash-in-hand within 30 days. With a traditional sale, this may not be possible. However, when you sell your house for cash, you can unload the property quickly and walk away.

                            It doesn?t matter whether you are a landlord selling a rental property, trying to avoid a bankruptcy or foreclosure, if you want to sell a probate house. Your circumstances do not prevent you from selling a house for cash. Let?s take a closer look at how to sell your house as-is in the DMV. If you have any further questions, then contact Fortune Homes at 202-918-9600. We buy houses as-is!

                            What Are the Benefits of Selling Your House As-Is?

                            Whether you live in the Washington, D.C., Virginia, or Maryland area, you can legally sell your house for cash without listing the property on the market. The process is simple and requires little effort on your part. There are several benefits to selling your house as-is, including:

                            Sell Your House In As Little As 30 Days

                            According to Zillow, it takes an average of 60 to 90 days to list a house and sell it on the market in the DMV area. This is assuming that the market is optimal for selling your house and that there are no problems whatsoever. This also assumes that you can find a buyer quickly. However, most house sales do not line up that easily.

                            The entire process from the time you put a sign on the front lawn to the final close can take at least six months. Here?s an average timeline of selling your house.
                            • Finding a realtor and listing the property: 2 weeks
                            • Renovating your property: 3 to 12 months
                            • Cosmetic remodeling: 2 to 3 months
                            • Buyer mortgage approval: 45 days
                            • Closing after contract: 40 days
                            • Total time to sell your house: 60 to 90 days
                            The average time it takes from the listing to closing is six months if you have minor repairs or renovations. It can take up to a year if an appraisal or inspection reveals that you need extensive repairs to the property. If you work with a local cash home buyer, you can sell your property in as little as 30 days. Some transactions can occur in as little as 15 days with cash in your hand within a week of closing. Selling your house to a local buyer is a better option if you are in a hurry.

                            You Don?t Have to Pay for Renovations or Repairs

                            Realty experts will often boast that renovations and repairs can boost your home?s value and give you a healthy return on investment (ROI). While this true in some cases, such as replacing a roof, windows, or a garage door, most home renovations don?t give you the type of profits you may expect at closing.

                            For instance, Bankrate reports that the top five projects with the highest ROI include:
                            • Garage door replacement: 97.5 percent
                            • Kitchen Remodel: 80.5 percent
                            • Deck addition: 75.5 percent
                            • Siding replacement: 75.6 percent
                            • Entry door replacement: 74.9 percent
                            In addition to renovations, you may have to make some interior and exterior home repairs or replacements. The costs for these repairs can add up quickly. Some of the most common house repairs or replacements include:
                            • Appliances: $500 to $5,000
                            • AC Unit: $4,000 to $7,000
                            • Furnace or HVAC: $2,000 to $5,000
                            • Plumbing: $300 to $1,000
                            • Ducts and vents: $500 to $2,000
                            • Landscaping: $300 to $6,000
                            • Structural Repairs: $2,000 to $50,000
                            On average, homeowners who make renovations spend nearly $60,000 to get the house ready to sell on the market. Even with a healthy ROI, you will still spend several hundred or thousand out of pocket to attract a buyer. When you sell your house fast for cash, you spend zero on repairs or renovations. You get a fast cash offer, and the company purchases your property as-is.

                            You Avoid the Stress of Listing and Selling Your House

                            Selling a house can cause a tremendous amount of stress. When you finally find a buyer and close the sale, you may still ask yourself if all the time and money you spent in a traditional sale was worth it. There are several reasons why selling a home the traditional way is stressful.

                            First, if you are like most homeowners, you probably have no idea where to begin. With all of the realtors in the DMV area, finding one that is right for you can be a hassle. Second, you?ll quickly watch your savings, and your profits disappear with every unforeseen cost. Much of the money you will spend on selling your house occurs before you are even guaranteed a sale.

                            Third, you are likely to find things wrong with your home that you didn't know existed. A bad roof, leaky windows, or worn-out plumbing system can put you out for thousands of dollars. Last, selling your home will consume your time. You are likely to spend the next several months on marketing, meeting with your realtor, showing your home, renovating the property, and dealing with problems that arise.

                            When you sell your house to a local cash home buyer, you eliminate the stress completely. You simply call the investor, schedule a quick walkthrough of the home, get an offer, and close the deal within a month. The company that buys houses is responsible for all costs and other responsibilities.

                            Furthermore, you can sell your house regardless of your situation:
                            Bankruptcy Damaged Property Distressed Property divorce
                            Downsizing Foreclosure Inherited House Late Payments
                            Probate Relocating Rental Properties Ugly Houses

                            Sell My House Fast for Cash in the DMV

                            At Fortune Homes, we buy houses for cash. Regardless of the condition of your home or your current situation, we can help you sell your house and put cash in your hands in as little as 30 days. Get a fast cash offer by calling 202-918-9600 and scheduling a quick walkthrough with a local cash home buyer.

                            We buy houses in the following areas:

                            Request Your Fair Cash Offer:


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