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Can I Sell My Washington DC House As-Is?

Can I Sell My Washington D.C. House As-Is?

If your old or damaged house has been on the market for several months, and there are no potential buyers, it may be time to explore other options for unloading your property. Regardless of your situation or the condition of your house, you can still sell your Washington D.C. house as-is. How? Contact a local home buyer. 

A local home buyer in Washington, D.C., can do a quick walkthrough of your house, make a fast cash offer, and close the sale in as little as seven to 21 days. You make no repairs or renovations. Whether you have a damaged, outdated, or inherited house, you can sell your house fast as-is for cash without listing it on the market. 

Why You Can’t Sell Your House As-Is

Today’s real estate market is highly competitive, making it extremely difficult to sell a damaged or outdated house. The average seller would rather pay for a house that is already in excellent condition instead of sinking more money into repairs and remodeling projects after taking out a huge mortgage. 

Home repairs are expensive and time-consuming. Some of the most common home repair projects include

Project

Cost

Termite damage

$2,800

Water heater

$750

Foundation repair

$3,200

Electrical wiring

$5,500

Flooring replacement

$3,800

Appliance replacement

$900

Mold remediation

$2,100

Air condition replacement

$4,500

Window replacement

$17,000

Roof replacement

$7,500

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    In a traditional home sale, potential buyers may require you to perform some of these home repairs before they are willing to buy the house. That means you have to spend thousands of dollars to get the house ready before you sell it. Can you afford these expenses upfront? Is it worth it to repair the house just to sell it?

    Can I Still Sell My Washington D.C. As-Is on the Market?

    The answer is yes, it is still possible to sell your house as-is the traditional way. You may even get a reasonable offer from a potential buyer. However, the question you need to ask yourself is whether you will make a profit and how much time and effort you are willing to put into getting the house ready to sell. There are several things to consider before selling your house as-is on the market.

    Realtor Commissions

    On average, a realtor takes six percent of your profits off the top. If you sell your house for $150,000, you will lose $9,000 in profits. This is in addition to the money you have already spent on repairing or renovating your house. So, if you have spent $10,000 in repairs, your total costs so far are close to $20,000. 

    Closing Costs

    Most home sellers are unaware of how expensive closing costs can be. These costs can include title insurance, documentary stamp on the deed, HOA estoppel, municipal lien search, title search, settlement fees, and, of course, paying off any mortgage balance. The sum of the costs can reduce your sale profits by up to 10 percent. Once again, this in addition to repair costs and realtor commissions.

    Marketing the Property

    I today’s real estate market, you have to be aggressive in marketing your property. Marketing strategies often include listing the house on an MLA site, putting signs in the front yard, posting it on social media, using marketing collateral, and showing the house. These costs can add up, further eating into your profits. 

    Complicated Selling Process

    If you need to sell your house fast, you may need to bypass a long, complex selling process. You may not have time to hire a realtor, list the house, make the necessary repairs, find a buyer, and go through a long closing. Plus, it can take even longer to find a buyer if you are trying to sell your Washington, D.C. house as-is.

    How to Sell Your Washington D.C. House As-Is

    Selling your house as-is is easier than you think. You can unload your property in three easy steps.

    Step 1: Contact a Local Home Buyer

    The first step in selling your house as-is is to contact a local home buyer and schedule a quick walkthrough of the property. Don’t worry about renovations, repairs, or even cleaning the house. A local buyer will buy your house as-is.

    Step 2: Get a Fair Cash Offer

    Once you schedule a walkthrough, the buyer will assess the property. If they are interested in buying the house, they will make a fair cash offer. In most cases, the buyer will make an offer within 24 to 48 hours of the walkthrough.

    Step 3: Get Paid Cash for Your House

    If you accept the buyer’s offer, you will schedule a convenient closing date. Closing the sale is easy. Simply sign the paperwork and walk away with no strings attached. The buyer will pay all closing costs and other fees.

    Sell Your House Fast for Cash to Fortune Homes

    Are you ready to sell your house right now? Contact Fortune Homes. You can sell your Washington, D.C. house as-is without making repairs or renovations. Call us today at 202-918-9600 to get a fast cash offer from a local home buyer.

    Request Your Fair Cash Offer:


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      What is a Cash Home Buyer?

      What is a Cash Home Buyer?

      Simply put, a cash home buyer is a buyer who makes a fair cash offer on your property and pays cash for your house directly to you. A cash offer is the simplest and fastest way to sell your house because you eliminate all the steps to preparing your property for sale. Instead of listing the house on the market, you work with a single buyer in a private transaction.

      Selling your house as-is also helps you save thousands of dollars on repairs, commissions, and closing costs. You have the flexibility you need to sell your house fast regardless of your situation: bankruptcy, foreclosure, forbearance, distressed house, damaged house, rental house, probate, new job, or downsizing. Let’s take a close look at how you can benefit from working with a cash home buyer in Washington, D.C.

      How a Cash Home Buyer Can Buy Your House

      A cash home buyer does not work with sellers in the same way as a real estate agent, real estate investor, or a buyer looking for a place to live. Instead, their approach is more direct and simple. The process of working with a cash home buyer looks like this:

      You Contact the Buyer

      If you are looking for an alternative to a traditional sale, the first step is to contact a local home buyer in Washington, D.C. You simply call the buyer and schedule a quick walkthrough of the property. You don’t have to worry about repairs, renovations, or even cleaning your house. A cash home buyer will buy your house as-is. 

      The Buyer Makes an Offer

      After the walkthrough, the buyer will decide whether they want to purchase the house. If so, they will contact you - usually within 24 to 48 hours. The buyer will assess the value of your home and submit an offer at just below the market price or your asking price. You don’t have to wait several days or weeks to get an offer.

      The Buyer Pays Cash for Your House

      If you accept the offer on your property, you and the buyer schedule a convenient time to close the sale. Buyers typically close a sale within seven to 21 days of your offer approval. You show up at the close and sign the papers. The buyer pays most or all of the closing costs and seals the deal. You walk away from the house, free and clear with no strings attached.

      Request Your Fair Cash Offer:


        What Are the Benefits of a Cash Sale?

        Most home sellers do not consider a cash sale because they are not familiar with the selling process or the advantages of a cash sale over a traditional sale. There are several reasons why working with a local home buyer in Washington, D.C., is a smarter option.

        • Avoid closing costs, repairs, and realtor commissions.
        • Close the sale in as little as seven days - not 45.
        • Work with a single buyer instead of negotiating with several.
        • Sell your house regardless of your situation or circumstances.
        • Simplify the selling process from start to finish.
        • Sell your house regardless of its condition.

        When you work with a cash home buyer, you can get out from underneath your mortgage and allow the buyer to take it over. It can be a significant relief if you face financial struggles that could lead to foreclosure, bankruptcy, or a short sale. Local buyers help homeowners in Washington, D.C., avoid these types of financial disasters every day.

        Contact a Cash Home Buyer at Fortune Homes

        Fortune Homes is dedicated to helping you get a fair cash offer on your house. We are local home buyers in Washington, D.C. We buy houses as-is regardless of your situation or the condition of your house. To schedule a walkthrough with a cash home buyer, call us today at 202-918-9600 and get a fast cash offer. Sell your house fast as-is for cash right now!

        Request Your Fair Cash Offer:


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          We Buy Ugly Houses in DC

          We Buy Ugly Houses in D.C.

          Are you having difficulty selling your ugly house on the market? If so, there may be a better alternative to a traditional sale. At Fortune Homes, we buy ugly houses in D.C. Our local home buyers can look at your property, make a fast cash offer, and buy your house as-is. You do not have to make any repairs or renovations. Plus, you avoid closing costs and realtor commissions that are associated with a traditional sale.

          Your situation or the condition of your house does not matter. We buy ugly houses, damaged houses, old houses, and vacant houses as-is. Call Fortune Homes today and let us make an offer on your house. We buy ugly houses in D.C.

          What is An Ugly House?

          If you neglect a piece of property for several months or years, it will end up in poor condition. You may not live in the house any longer, but you still own it. You may be sitting on it, waiting for somebody to come along and make a deal. Otherwise, you can't sell the house because it has been labeled "Ugly."

          An ugly house may have all kinds of problems, such as:

          • The house needs significant repairs and upgrades.
          • The property is unsafe to live in.
          • The house received a low appraisal.
          • An inspector has condemned the house.
          • The property is in a lousy location.
          • The property is upside down in the mortgage.
          • You've neglected to make repairs or renovations.
          • There are structural problems with the house.

          An ugly house is not just a house that looks ugly on the outside. It is essentially a piece of property that no one wants to purchase. You may be asking too much for the property. Or the property may be unsafe. Buyers ultimately do not see the investment or the potential for the house to be worth the money. As a result, the house has been sitting on the property for a long time with no offers.

          Why Sell Your House to Local Home Buyers?

          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 a local home buyer in Washington, D.C., you can partner with a professional who is genuinely interested in helping you get out of a less-than-desirable situation.

          Local Buyers know the Local Real Estate Market

          Local buyers live and do business in the Wahington, D.C. area. They 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.

          You Get a Fair Cash Offer on Your House

          Not all buyers look out for your best interest. They may make a bottom-line offer that does not help your situation at all. Local 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

          It can be frustrating 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, a buyer can take it off your hands quickly. They can close the sale and put cash in your hand in as little as 30 days.

          Request Your Fair Cash Offer:


            How to Sell Your Ugly House in 3 Easy 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 Wahington, D.C. 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.

            Sell Your Ugly House for Cash in Washington, D.C.

            Do you live in Washington, D.C.? If so, contact Fortune Homes today. Sell your house fast for cash in D.C. 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  

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              How to Sell Foreclosures in Washington DC

              How to Sell Foreclosures in Washington, D.C.

              Foreclosure can be a traumatic and devastating experience for your family. If you are like most homeowners, you may not know your rights and cannot make good decisions when attempting to save your home or get out from under a property that you cannot afford anymore. Trying to hire a realtor and sell your house the traditional way before your house goes to auction is impossible.

              Fortunately, there is a solution that helps you avoid foreclosure. You can sell foreclosures in Washington, D.C., by working with a local home buyer in the Washington, D.C. area. Regardless of where you are in the foreclosure process, you may be able to sell your house fast and pay off your mortgage to save your credit. Below, we look at how to sell foreclosures in Washington, D.C.

              What is Foreclosure in Washington, D.C.?

              Foreclosure is a legal process in which the bank attempts to recover what you owe on a mortgage loan that has gone into default due to overdue payments. Instead of forcing you to catch up on the payments, the lender may attempt to take ownership of the property and sell it. The terms of the foreclosure are typically outlined in your loan contract. 

              The laws in Washington, D.C. give lenders the right to take ownership of a house for past due payments or breaching other terms of the contract. Foreclosure can affect your life and your family in the following ways:

              • You lose your property with nothing in return.
              • The foreclosure remains on your credit report for seven years.
              • If the lender sells the house for less than the balance of the loan, you may still be responsible for paying the remainder of the balance.
              • You may not be able to purchase another home or get credit for up to three years. 
              • Foreclosure on your credit report can keep you from getting certain jobs.

              Request Your Fair Cash Offer:


                Can I Sell Foreclosures in Washington, D.C., the Traditional Way?

                Avoiding foreclosure is a matter of timing and keeping the bank from selling your house at auction. While the bank does give you several months and options to sell the property, the clock will eventually run out, and you will lose the home. Therefore, a traditional can be almost impossible when you are facing foreclosure.

                In a traditional sale, you must hire a realtor, list the property, make renovations, show the house, and deal with several potential buyers. Once you find a buyer, you will go through the closing process. The entire sales process can take three to twelve months. If you are already facing foreclosure, you do not have that kind of time to sell your house fast. 

                Avoid Foreclosure: Sell Your House for Cash

                A better solution may be to sell your house for cash to a local house buyer in Washington, D.C. There are several benefits to selling your house for cash, such as:

                • Sell your house faster – in as little as 30 days.
                • Avoid closing costs, realtor commissions, and marketing costs.
                • We buy your house as-is with no need for repairs or renovation.
                • Avoid showing your house multiple times.
                • Save your credit by avoiding foreclosure.

                When you work with a local buyer, you can unload your property quickly without incurring hundreds of dollars in selling costs. You can also get rid of your property before the bank takes over your house. Here is how to sell foreclosures in WASHINGTON, D.C., in three steps:

                We Provide the Quickest Way to Avoid Foreclosure

                Step 1: Contact Us: 202-918-9600

                Call us today and tell us about your property. We will schedule a quick walkthrough of your house. No need to renovate or prepare your home.

                Step 2: Get a Cash Offer

                If we are interested in buying your property, we will make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours.

                Step 3: We Pay Cash for Your House

                If you accept our offer, then you schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing.

                Sell Your House for Cash in Washington, D.C.

                Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in Washington, D.C. 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.

                Request Your Fair Cash Offer:


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                  Get Cash for My House in Arlington, Virginia

                  Get Cash for My House in Arlington County

                  If you are like most homeowners, your first choice is to hire a realtor and list your property on the market when selling your house. While working with a realtor is the most common way to sell property, it's not always the best way. If you need to sell your house fast and don't want the hassle of a traditional sale, you may want to consider selling your house fast for cash to a local home buyer in Arlington County.

                  When you work with a local buyer, you get cash for your house. That means you get paid directly instead of working through a lending company or a broker. This method of selling your house eliminates all the steps to selling your house on the market. You avoid hiring a realtor, listing the house, showing the property, finding a buyer, or going through a lengthy closing process. 

                  How does a Cash Sale Work?

                  A cash sale is simple and straightforward. When you are ready to sell your house, you contact a local home buyer in Arlington, Virginia. A home buyer is essentially an investor who buys and flips a house or obtains property to rent out. You schedule a quick walkthrough of the property with the home buyer. You don't have to prepare the property for a showing – no repairs or renovations. You don't even have to clean the house.

                  The buyer looks at the property. If they are interested in purchasing the property, they will make a fair cash offer at just under the current market value of the house. Buyers will generally make an offer within 24 to 48 hours. If you accept the offer, you schedule a closing date. You and the buyer sign the paperwork. The buyer pays the closing costs and pays cash for the house. 

                  Selling your house fast for cash has never been easier.

                  Request Your Fair Cash Offer:


                    What Are the Steps to Selling My House for Cash?

                    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 home buyers in Arlington County. 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.

                    Does It Matter Why I'm Selling My House?

                    When you sell your house for cash, a local house buyer can purchase your house regardless of the reason. Whether you are dodging a foreclosure, diving assets after a divorce, downsizing, or getting rid of a rental, we can take your house off your hands and give you a competitive cash payment.

                    Bankruptcy Downsizing Relocating
                    Damaged House Foreclosure Rental Property
                    Divorce Late Mortgage Payments Ugly House
                    Distressed House Probate Vacant House

                    What Are the Benefits of a Cash Sale?

                    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 Arlington County

                    Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in Arlington County 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.

                    Request Your Fair Cash Offer:


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                      How Do I Sell My Rental House Fast?

                      How Do I Sell My Rental House Fast?

                      For many people, the idea of being a landlord is empowering and provides financial freedom. However, the reality is that being a landlord comes with numerous challenges. Landlords often must deal with bad tenants, property maintenance, operational costs, legal matters, shifts in the real estate market, taxes, and other problems almost every day.

                      It’s easy to see why you may be a tired landlord who is ready to retire. If so, you may decide to list your rental property on the market and get out for good. If you are like most landlords, you just want to unload the property as quickly as possible and walk away. Fortunately, there is a way to sell your rental house fast without listing it on the market. Let’s take a closer look below.

                      What is a Tired Landlord?

                      The definition is simple: a tired landlord is someone who no longer wants to deal with the hassle of owning and managing rental property. There are several reasons why a landlord wants to call it quits.

                      • Ongoing maintenance and repairs
                      • Bad tenants
                      • Legal issues
                      • Too much competition from other rentals
                      • Can’t fill a vacant rental house
                      • Ready to retire and move on

                      If you have been renting property for several years, you may decide that it’s time to retire and let go of the business. Regardless of your reason for getting out, the last thing you want to deal with is the hassle of trying to sell your house on the market. You may want to look for alternatives to a traditional rental house sale.

                      What About Property Management Companies?

                      Many landlords obtain the services of property management companies to manage their rental houses. However, hiring property management companies can be more costly and lead to more problems than taking the burden out of rental problems.

                      Property management companies are an added expense, further subtracting from your potential profit. You can lose a huge portion of profit when hiring a property management company. The expenses don’t end with management fees. Property management groups may overcharge for simple repairs. A leaky faucet can turn into a several-hundred-dollar call to a plumber. A loose floorboard can cost the landlord thousands when the management company hires an outside contractor.

                      Plus, when hiring a property management company, you trust them to deal with high-maintenance tenants. Yet, property management companies often don’t know what to do when tenants tear up your house. To prevent monetary loss, property management companies will fill a rental with the first tenant that applies. They’ll often forego an extensive background check. In the end, you need to ask yourself if a property management company will take away from or add to your stress as a landlord.

                      Request Your Fair Cash Offer:


                        Learn How to Sell Your Rental House Fast for Cash

                        Step 1: Contact Us: 202-918-9600

                        Call us today and tell us about your property. We’ll schedule a quick walkthrough of your house. No need to renovate or prepare your home.

                        Step 2: Get a Cash Offer

                        If we are interested in buying your property, we’ll make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours.

                        Step 3: We Pay Cash for Your House

                        If you accept our offer, then you schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing.

                        Benefits of Working with a Local Home Buyer in Washington, D.C.

                        If you are considering listing your house on the market, you may want to work with a local home buyer here in Washington, D.C. There are several benefits of selling your house for cash, including:

                        • You sell your house as-is with no need for repairs or renovations.
                        • A home buyer can give you a fair price at just under the market value of the home.
                        • You can close on the deal and get cash-in-hand in as little as 30 days.
                        • You pay no realtor commissions or closing costs.
                        • A home buyer can assume responsibility for the tenants right away.

                        We Buy Rental Houses Regardless of Your Situation

                        You may feel that your current situation is hindering you from selling your property. This may be true when you attempt to put your house on the market and sell it the traditional way. However, when you sell your house for cash, there are no conditions. We can buy your house regardless of your situation.

                        Bankruptcy Damaged Property Distressed Property divorce
                        Downsizing Foreclosure Inherited House Late Payments
                        Probate Relocating Rental Properties Ugly Houses

                        Why Choose Fortune Homes

                        At Fortune Homes, we are dedicated to helping you avoid the complicated process of selling your home. We have worked with hundreds of home sellers. We can help you sell your house now instead of waiting for several months to find a house buyer. What do we offer?

                        You Get a Fair Cash Offer

                        Not all house home buyers are concerned about helping you. Some are only looking to see how low they can go with their offer. Our buyers are vested in your property and want to help you get the most out of your sale. We make a generous offer on your house based on a percentage of its value. Our cash offers are fast and fair.

                        No Last Minute Changes

                        Fortune Homes takes a critical and honest assessment of every home we buy. If we honestly believe that we can buy your house, then we will tell you upfront. Once we make a cash offer, then we will not change it.

                        We Are Local House Buyers

                        After working with hundreds of house sellers in the Washington, D.C. area, we understand the needs of landlords trying to sell a property quickly. We listen to your needs and concerns and act quickly to close the sale.

                        Sell My Rental House Fast for Cash in Washington, D.C.

                        Do you live in Washington, D.C.? If so, contact Fortune Homes today. Sell your rental house fast for cash in the Washington, D.C. 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.

                        Request Your Fair Cash Offer:


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                          What is the Difference Between a Foreclosure and a Short Sale?

                          What is the Difference Between a Foreclosure and a Short Sale?

                          If your financial situation prevents you from keeping your house, you may be looking at getting rid of the property. Two options are going through foreclosure or attempting a short sale. While neither option is favorable, you need to choose the best option based on your current situation. Before you decide which route to take, you need to understand the difference between a foreclosure and a short sale. 

                          You also need to explore other alternatives that may help you avoid a short sale or foreclosure altogether. For instance, you can sell your house as-is for cash to a local home buyer in the DMV area. A cash sale can help you unload the property and save your credit at the same time. Below, we look at the difference between a foreclosure and a short sale and what you can do to avoid either.

                          What is Foreclosure?

                          Foreclosure occurs when you fail to pay your mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure can also happen when you fail to pay your property taxes or homeowners association fees. During foreclosure, the mortgage lender may seize the property and sell it to recoup the money it lost from the mortgage default. 

                          The lender can take back the home because a mortgage is a secured loan. That means you guarantee repayment by providing collateral. If they can't pay back the loan with money, they use the collateral instead. In the case of a mortgage, the home is used as collateral and, upon signing closing documents, you recognize that the lender has the right to foreclose on the home if they default on the loan. This is also known as putting a lien on the title of the home. Once the mortgage is paid off, this lien on the title of the home is removed.

                          Request Your Fair Cash Offer:


                            What is a Short Sale?

                            A short sale in real estate is when you sell your property for less than the amount due on the mortgage. The buyer is a third party, and all proceeds from the sale go to the lender. The lender either forgives the difference or gets a deficiency judgment against you, requiring you to pay the lender all or part of the difference between the sale price and the original value of the mortgage. 

                            In some states like Washington, D.C., Virginia, or Maryland, this difference must legally be forgiven in a short sale. Before a short sale can begin, the lender must sign off on the decision to execute a short sale, also known as a pre-foreclosure sale. Additionally, the lender needs documentation that explains why a short sale makes sense. No short sale may occur without lender approval.

                            Should You Choose a Short Sale Over a Foreclosure?

                            The easiest decision to make when facing losing your home is to throw your hands up and let the bank foreclose on the property. However, it's not always the smartest decision. A foreclosure can destroy your credit, making it difficult for you to get a loan. Plus, the bank may still hold you liable for any balance left over after the house sells at auction.

                            The main advantage of a short sale is that you're in control of the sale. Your home sale will be handled like any other home sale, and you may prefer being involved in the selling process and knowing who is buying your home. There is also a negative social stigma that comes with foreclosure. Many people find it embarrassing and want to avoid the process by any means. 

                            How to Avoid a Foreclosure in 3 Easy Steps

                            If you are looking to avoid foreclosure or a short sale, you may want to sell your house to a local home buyer in the DMV area. You can sell your house fast for cash in three easy steps.

                            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 home buyers 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.

                            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 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.

                            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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