Tag Archives: sell my home fast frederick

We buy houses Frederick County MD | 240-347-3141

Gray’s Home Solutions is Frederick County’s # 1 Home Buyer !   Call 240.347.3141 or click here to get a free offer now if you want to We buy houses Frederick County MD !

Click here to get started!

We buy houses Frederick County MD !

Most importantly after you give us a call one of our real estate professionals will schedule a free consultation to come out and evaluate your home.  Besides that we guarantee speedy results.  Gray’s Home Solutions is a local real estate company that is here to serve the entire Frederick County area.  We also have licensed real estate agents who above all will track the market and therefore will always give you the most current information.  So you can reach us @  240.347.3141
Why call Gray’s Home Solutions ??

we buy houses Frederick County MD

 

Because we are the only real estate company in the area as a result we offer homeowners multiple options for selling their homes!   We buy houses, We rent houses, we list houses, and we have developed the take-over-payment program for sellers. Therefore if you are falling behind on their mortgage payments!   This multi-approach process is why Gray’s Home Solutions is so successful in helping sellers sell their homes !

I can’t make my house payments

What does this cost ?

We offer a FREE CONSULTATION  and 99% of our service’s are FREE !   If you want to learn more about how you can We buy houses Frederick County MD call  240.347.3141 and see how we can help you!   Did you know that Gray’s Home Solutions usually buys homes within 7 days ??   We pay cash for our homes so there is never any delays caused from inspections or lenders.  We purchase homes that are in need of major repairs so if your home needs work done its no big deal for us!   You say we buy houses Frederick County MD  and finally we say consider it sold.  We are here to serve you !

 

Sell my house now Frederick MD | 240-347-3141

Gray’s Home Solutions is Frederick County’s # 1 Home Buyer !   Call 240.347.3141 or click here to get a free offer now if you want to sell my house now Frederick MD !

Click here to get started !

Sell my house now Frederick MD

Most importantly after you give us a call one of our real estate professionals will schedule a free consultation to come out and evaluate your home.  Besides that we guarantee speedy results.  Gray’s Home Solutions is a local real estate company that is here to serve the entire Frederick County area.  We also have licensed real estate agents who above all will track the market and therefore will always give you the most current information.  So you can reach us @  240.347.3141
Why call Gray’s Home Solutions ??

sell my house now Frederick MD

 

Because we are the only real estate company in the area as a result we offer homeowners multiple options for selling their homes!   We buy houses, We rent houses, we list houses, and we have developed the take-over-payment program for sellers. Therefore if you are falling behind on their mortgage payments!   This multi-approach process is why Gray’s Home Solutions is so successful in helping sellers sell their homes !

I can’t make my house payments

What does this cost ?

We offer a FREE CONSULTATION  and 99% of our service’s are FREE !   If you want to learn more about how you can sell my house now Frederick MD call  240.347.3141 and see how we can help you!   Did you know that Gray’s Home Solutions usually buys homes within 7 days ??   We pay cash for our homes so there is never any delays caused from inspections or lenders.  We purchase homes that are in need of major repairs so if your home needs work done its no big deal for us!   You say sell my house now Frederick MD  and finally we say consider it sold.  We are here to serve you !

Sell my home Rocky Ridge MD | 240-347-3141

Gray’s Home Solutions is Frederick County’s # 1 Home Buyer !   Call 240.347.3141 or click here to get a free offer now if you want to sell my home Rocky Ridge MD

Rocky Ridge MD – Sell my home

Where do I start ?

Most importantly after you give us a call one of our real estate professionals will schedule a free consultation to come out and evaluate your home.  Besides that we guarantee speedy results.  Gray’s Home Solutions is a local real estate company that is here to serve the entire Frederick County area.  We also have licensed real estate agents who above all will track the market and therefore will always give you the most current information.  So you can reach us @  240.347.3141
Why call Gray’s Home Solutions ??

CyberViewX v5.16.80 Model Code=89 F/W Version=1.06

 

Sell my home Rocky Ridge MD

Because we are the only real estate company in the area as a result we offer homeowners multiple options for selling their homes!   We buy houses, We rent houses, we list houses, and we have developed the take-over-payment program for sellers. Therefore if you are falling behind on their mortgage payments!   This multi-approach process is why Gray’s Home Solutions is so successful in helping sellers sell their homes !

 I can’t make my house payments

What does this cost ?

We offer a FREE CONSULTATION  and 99% of our service’s are FREE !   If you want to learn more about how you can sell my home Rocky Ridge MD call  240.347.3141 and see how we can help you!   Did you know that Gray’s Home Solutions usually buys homes within 7 days ??   We pay cash for our homes so there is never any delays caused from inspections or lenders.  We purchase homes that are in need of major repairs so if your home needs work done its no big deal for us!   You say sell my home Rocky Ridge MD  and finally we say consider it sold.  We are here to serve you !

Sell my house Frederick MD

Gray’s Home Solutions is Frederick County’s # 1 Home Buyer !   Call 240.347.3141 or click here to get a free offer now if you want to sell my house Frederick MD

Sell my house Frederick MD

Where do I start ?

Most importantly after you give us a call one of our real estate professionals will schedule a free consultation to come out and evaluate your home.  Besides that we guarantee speedy results.  Gray’s Home Solutions is a local real estate company that is here to serve the entire Frederick County area.  We also have licensed real estate agents who above all will track the market and therefore will always give you the most current information.  So you can reach us @  240.347.3141
Why call Gray’s Home Solutions ??

Usage rights granted to original licensee only.  All other rights reserved by C. Kurt Holter, Photographer (kurt@holterphoto.com)( 301.663.4199)



Sell my house Frederick MD

Because we are the only real estate company in the area as a result we offer homeowners multiple options for selling their homes!   We buy houses, We rent houses, we list houses, and we have developed the take-over-payment program for sellers if you are falling behind on your mortgage payments!   This multi-approach process is why Gray’s Home Solutions is so successful in helping sellers sell their homes !

 I can’t make my house payments

What does this cost ?

We offer a FREE CONSULTATION  and 99% of our service’s are FREE !   If you want to learn more about how you can sell my house Frederick MD call  240.347.3141 and see how we can help you!   Did you know that Gray’s Home Solutions usually buys homes within 7 days ??   We pay cash for our homes so there is never any delays caused from inspections or lenders.  We purchase homes that are in need of major repairs so if your home needs work done its no big deal for us!   You say sell my house Frederick MD  and finally we say consider it sold.  We are here to serve you !

More and More People Getting Into The Flipping Industry

Flipping Industry Heating Up

It looks so easy on TV. Buy a bargain-basement house, pull up some nasty carpet, re-tile the bathroom, paint away the wall stains and sell it for a hefty profit.

It’s not, however, all those popular shows that are driving the flipping market today. It’s pure and simple prices — and profit. There is a severe lack of good quality, turn-key homes for sale, and that has created a seller’s market across the nation, even for those reselling homes.

After cooling off in 2014, home flipping is on the rise again — its share of all home sales is up 20 percent in the first three months of this year from the previous quarter and up 3 percent from the same period a year ago, according to a new report from RealtyTrac, which defines a flip as a property bought and resold within a 12-month period.

While flipping today is nothing like it was during the housing boom a decade ago, when investors used risky mortgages, it is reaching new peaks in 7 percent of the nation’s metro markets, including Baltimore, Buffalo, New Orleans, San Diego and even pricey Seattle.

Dana Rice, real estate agent and home flipper, at her latest project in Bethesda, Maryland, a very small colonial, within walking distance to shops and Metro.

Diana Olick | CNBC
Dana Rice, real estate agent and home flipper, at her latest project in Bethesda, Maryland, a very small colonial, within walking distance to shops and Metro.

“While responsible home flipping is helpful for a housing market, excessive and irresponsible flipping activity can contribute to a home price pressure cooker that overheats a housing market, and we are starting to see evidence of that pressure cooker environment in a handful of markets,” said Daren Blomquist, senior vice president at RealtyTrac.

That’s because flippers today largely use cash — 71 percent did in the first quarter of this year. Compare that to just 27 percent who used cash at the height of the housing boom. That helps keep most flippers conservative, but it also exacerbates the problems for entry-level homebuyers, who are facing one of the tightest housing markets in history. They simply can’t compete against all-cash buyers.

Usually flippers look for distressed properties either in the foreclosure process or already bank-owned. These are not always listed on public sale sites. There are fewer of those today, so flippers are moving to the mainstream market, creating that new pressure.

“A telltale sign is when flippers are acquiring properties at or close to full market value. Those markets are so competitive that even the off-market properties flippers are looking to buy are not selling at much of a discount — and there may be very few distressed properties available,” said Blomquist.

Examples of these markets include San Antonio, where Blomquist says flippers are actually purchasing at a 7.8 percent premium above estimated full market value, as well as Austin, Texas; Salt Lake City; Naples, Florida; Dallas and San Jose, California.

Despite the premium to buy, flippers are still seeing growing gains in profit. Home flippers realized an average gross profit of more than $58,000 in the first quarter of this year, the highest since the third quarter of 2005, according to RealtyTrac.

Real estate agent Dana Rice and her husband flip houses in the tony D.C. suburb of Bethesda, Maryland. Prices there are well above the national median, and there are few distressed properties. Instead, they target old, small fixer-uppers. Even those command a hefty purchase price up front, but they can also offer big rewards.

“I didn’t want a teardown. There is so much character in this part of Bethesda,” said Rice. “I don’t think that everybody wants a brand new build. There is a hole in the market because not everyone wants to do a renovation. If you put a little bit of effort in, these numbers can be huge.”

Rice purchased her latest project, a very small colonial, within walking distance to shops and Metro, for $680,000. She expects to put half a million dollars into the renovation, adding both square footage and high-end finishings; she is confident that in this competitive market she will see an 18-25 percent return on investment.

“It’s like birthing a baby. … If you’re overpriced, you’re dead in the water.”-Dana Rice, real estate agent and home flipper

“It’s like birthing a baby,” she said, noting that she will wait to list it until she feels the market is just right. “If you’re overpriced, you’re dead in the water.”

The lack of inventory is certainly a double-edged sword for flippers. Their initial investment price can be high, and flippers are often competing against local builders, who may want to tear the house down and put something up that is twice the size. On the other hand, not everyone wants or can afford a huge, new, expensive home, and that gives flippers the edge.

“The key here is that there is particularly a dearth of listed inventory in good condition,” said Blomquist. “That is the inventory flippers are competing against when they sell.”

Facing Foreclosure ?

Can an Investor Buy Your Home if You’re in Foreclosure and Sell It Back to You?


Short sales fraud is rising as investors seek to profit from lender losses.

Short sales fraud is rising as investors seek to profit from lender losses.

Government initiatives have helped to facilitate widespread and legitimate alternatives to foreclosure, such as short sales. Lenders work with homeowners to sell their home for less than the balance owed and accept the sale proceeds as settlement. Homeowners in foreclosure are financially distressed and often desperate to keep their home. Investors take advantage of short sales to make money off of financially distressed homeowners by re-selling the home to them for a profit.

The Basics

Short sales take place in the pre-foreclosure stage and sometimes before the homeowner defaults. This is because the lender is convinced the homeowner’s financial circumstances will cause him to end up in foreclosure eventually. Nonetheless, convincing a lender to short sell a home is not easy. The transaction takes several months to complete, requires full documentation of the homeowner’s financial situation, marketing of the property and negotiating sales price and terms with the lender. Lenders prohibit homeowners from benefiting from the short sale by living in the home after the sale.

Mortgage Fraud

Lenders consider a homeowner who remains in the home after a short sale as a tenant or buyer a participant in mortgage fraud. When short sales rise, so does fraud, says Freddie Mac, one of the major owners of the nation’s mortgages. As a result, most lenders require homeowners to sign an Arm’s Length Affidavit, a disclosure provided to all parties to the transaction before the close of escrow. It stipulates that behind-the-scenes arrangements that allow the homeowner to benefit financially from the short sale are illegal. In a typical short sale fraud, as detailed in a CNN report, a real estate agent obtains a legitimate bid on a short-sale home. The agent sandbags the bid while presenting the bank a lower bid from an accomplice scammer. After the bank accepts the low bid, the real estate agent sells the home to the original higher bidder, thus cheating the bank and pocketing the profit.

Considerations

A homeowner in foreclosure cannot afford to pay the mortgage he already has and therefore cannot acquire a new mortgage in the near future. The impact of missed payments and the short sale itself diminishes credit. Furthermore, a waiting period set by lender seasoning requirements prevents a borrower with a prior short sale from obtaining a new mortgage for at least several years. If the homeowner buys back his home with cash, the lender may consider it fraud because he claimed financial hardship before the short sale.

Tips

The real estate professional selling your home is aware of the Arm’s Length Affidavit and that he may also be held liable for any involvement or knowledge of a short sale scheme in the transaction. If an investor approaches you directly with the plan, the real estate agent is required to act in your best interest, not the investor’s, and support you in rejecting the offer.

 

Location Is Key

4 WAYS YOUR LOCATION CAN BOOST OR BUST YOUR HOME VALUE

Close More Deals – Qualify homebuyer leads fast and free

A few years back, “the Starbucks effect” became a legitimate term to explain the higher real estate values associated with living close to the coffee house. But being within easy striking distance of a Grande Skinny Vanilla Latte isn’t the only thing that can help boost your home value. Then again, not every location can help build equity. Chose wrong, and you could see your value drop – even if the house is great.

1. Being close to schools

The good:

 

Families seek out neighborhoods with good schools for obvious reasons. Living close to a quality elementary school is especially desirable for parents who envision walking with their young children in the morning.

From a value standpoint, a location close to well-performing schools can be a smart decision for buyers regardless of their family status. “Living near a high-scoring school can increase your home’s value by over $200,000, according to the Brookings Institution,” said AOL.


The Columbia County News-Times
The not so good:

But, being too close to a school – no matter how good it might be – may be a deterrent for some buyers, which could end up hurting your bottom line. If you’re in the path of the school pickup and drop-off, which creates considerable traffic, or directly across the street from a playground, which means there is noise throughout the day, you could have trouble when it comes time to sell. A location that is close enough to be easily accessible but out of range of the daily inconveniences is often the best option.

2. Being close to area conveniences

The good:

“The Starbucks effect” is tangible: Data has shown that, “Between 1997 and 2013, homes closer to the coffee shop increased in value by 96%, compared to 65% for all U.S. homes,” said CNN Money.

Now Starbucks has company, with a new report that shows that proximity to a high-end grocery store – namely Trader Joe’s or Whole Foods – can also raise home values considerably.

“Between 1997 and 2014, homes near the two grocery chains were consistently worth more than the median U.S. home,” said Business Insider. “By the end of 2014, homes within a mile of either store were worth more than twice as much as the median home in the rest of the country. The analysis found that 2 years after a new Trader Joe’s opened, home values within one mile went up by 10 percentage points more than homes in the rest of the city.

The not so good:

But, that doesn’t mean all area amenities boost home value. Adult entertainment spots, industrial businesses, a nearby airport that puts the home in the path of flights, and small businesses like tattoo parlors, check cashing, cash advance, or pawn shops that can be indicators of a lower-income or high-crime area can drive people away.

3. Being convenient to freeways

The good:

A location close to major thoroughfares can be a selling point since it helps homeowners cut down on the dreaded daily commute. Many suburbs require an additional 10 to 20 minutes in the car after exiting the highway. Promoting the convenience of a home closer in can help it stand apart.


USA TODAY
The not so good:

Having a car fly off the freeway onto your roof is not ideal. Neither is having to endure the daily noise, congestion, and pollution of living right next to the freeway. If it bothers you, it’s going to bother buyers when you sell. Being close – but not TOO close – is key.

4. Quiet location

The good:

A home that’s in a peaceful area surrounded by nature may be a benefit to buyers seeking a serene setting. A house that backs up to nature or is close to hiking trails can sell for more than a house in the same neighborhood that’s only surrounded by other houses.


Design rulz
The not so good

There is such a thing as too quiet…