OfferMarket brings you a comprehensive list of premier property management companies in Montgomery county Maryland. The list provides a good overview and starting point for your property management search.

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Who we think are the premier Montgomery county property management companies - OfferMarket

Who we think are the premier Montgomery county property management companies

## In a rush? [Get your free home sale docs!](https://forms.gle/ZXNDfumpzNmkupnL7)

 

## Purchase And Sale Agreement

 

Regardless of whether you sell your house with or without an agent (For Sale By Owner), the most important document you need is a Purchase And Sale Agreement. Commonly referred to as the "PSA" and "Contract Of Sale", this form is the legally binding agreement signed by both the Seller and the Buyer, that details the terms upon which real property (i.e. your house and the land it sits on) will be conveyed from you to the Buyer.

 

In most cases, the Buyer will submit their offer to you formally as a Purchase and Sale Agreement, and it will contain the following terms:

 

- **Purchase Price:** the amount the Buyer will pay to the Seller
- **Earnest Money Deposit:** the amount of money the Buyer will place in an escrow account as a good faith gesture once the Seller accepts the agreement. If the Buyer fails to perform their responsibilities in the agreement, the Seller will receive the Earnest Money ("EMD") as damages. This amount is typically 1% - 2.5% of the purchase price of the home but can be higher in a hot housing market.
- **Acceptable financing:** the types of financing the Buyer can use (i.e. cash, conventional financing, FHA financing, VA financing, seller financing)
- **Close by date:** the date by or before which settlement will occur
- **Inspection window/Study period:** for how long will the Buyer have the right to inspect the property?
- **Contingencies:** what would allow the Buyer or Seller to cancel the agreement and have their Earnest Money Deposit refunded? Common contingencies include inspection results, financing falling through, and buyer's home sale falling through.
- **Closing costs:** how will items such as documentary stamps, recordation taxes, State and local transfer taxes be allocated to the Buyer and Seller?

 

### [Read: Pro Tips To Get Your Offer Accepted](https://dwshorowitz-offermarket.medium.com/pro-tips-to-get-your-offer-accepted-f050ab6358a0)

 

In traditional real estate transactions, this document is signed by the Buyer and then provided to the Seller or Seller's Agent by the Buyer or Buyer's Agent as their formal offer. If the Seller accepts the terms in the agreement, they sign. Once the agreement is signed by the seller ("acceptance"), the contract is considered executed and the responsibilities detailed in the agreement for each Party must be met.

 

### Property Disclosure or Disclaimer Statements

Certain states require the Seller to provide property disclosure or disclaimer statements to the buyer before the buyer formally submits their offer. This requirement is commonly waived if the buyer does not intend to live in the property.

 

## Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards

To cover your bases, you should complete the EPA's Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards form.

 

## Want home sale documents sent directly to your inbox?

 

Fill out the form below and we'll send you our standard home sale documents specific to your state.

 

<iframe src="https://docs.google.com/forms/d/e/1FAIpQLSc1xkTc6APdWnVqrb4lN7LSqcJ6CW1-TYt2yP4BS9VLu0ehRQ/viewform?embedded=true" width="640" height="1022" frameborder="0" marginheight="0" marginwidth="0">Loading…</iframe>

 

## Selling your house For Sale By Owner is easy with OfferMarket

 

When you sell your house For Sale By Owner with OfferMarket, we manage everything for you. That includes buyer verification, tour requests, documents and closing coordination.

What documents do I need to sell my house without an agent? We'll answer this question and provide you with templates.

What documents do I need to sell my house without an agent?

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What documents do I need to sell my house without an agent? - OfferMarket FAQ

If you're reading this article, asking yourself *should I sell my house?*, we hope you know that whatever the reason for selling may be, you are not alone, and you have options. We are here to help you make the best decision and - if you do decide to sell - get the highest net proceeds for your house.

 

We believe that owning residential real estate is a powerful tool for long term wealth creation and - in an ideal world - you would never need to sell your house. In reality, however, owning and holding on to real estate is not always the right decision.

 

The most important thing is to make the best decision for yourself and your family. If after thinking through the ideas in this article, you decide to sell, your goal should be to sell for the highest net proceeds possible within the timeframe you need to sell.

> If you decide to sell, your goal should be to sell for the highest net proceeds possible within the timeframe you need to sell, with the lowest level of stress.

 

## Things to consider:

 

## Why are you considering selling your house?

 

Understanding why you are thinking about selling your house is the foundation upon which a sound decision can be made.

 

The most common reasons people decide to sell:

 

- Financial issues
- Moving out-of-state
- Upgrading, need money for a down payment
- Health issues
- Don't want to deal with managing a rental property
- Inherited and would prefer the cash
- Retirement
- Downsizing

 

### Where are you at in life?

 

If you're approaching retirement age:

 

- are you looking to upgrade, downgrade or move to a warmer climate?
- would living in a single level home be more comfortable than climbing stairs?
- do you plan on traveling for long periods of time and not want to be stressed about maintaining and carrying a vacant property?

 

If you answered yes to any of these questions, then selling your home for the best possible net proceeds makes good sense.

 

## How much [equity](https://offermarket.us/real-estate-glossary/equity) do you have in your house?

 

Your [equity](https://offermarket.us/real-estate-glossary/equity) is the value of your house minus the loan you have on your house. If your house is worth $100,000 and you owe $50,000 to the bank for your mortgage loan, then your equity is $50,000.

 

Getting your [equity](https://offermarket.us/real-estate-glossary/equity) out of your house does not necessarily mean you need to sell. You can do a cash-out refinance which means your bank implements a new mortgage loan of let's say 75% of the value of your home ($75,000) amortized over 30 years, and returns $25,000 of your equity (minus fees) to you. Depending on current interest rates, your monthly payment amount may change. Moving forward you will continue paying down your mortgage but the clock has now reset and you have less equity in your home.

 

Getting [equity](https://offermarket.us/real-estate-glossary/equity) out of your house incurs transaction fees. Whether you're selling your house or cash-out refinancing, you will pay transaction fees that eat into your net proceeds. Being aware of these fees and eliminating and minimizing them wherever possible is a best practice. It's also why OfferMarket exists. 

 

## What are your goals?

 

Does owning a house align with your goals in life? If your goal is to travel the world and work remotely in the near future, then being responsible for owning a house might not be ideal. 

 

Accordingly, the equity house might help you achieve your goals. Being able to put that equity towards achieving your goals, so long as the money is allocated diligently, can deliver powerful liberating effects and hopefully provide you with happiness.

 

## What is the property worth?

 

Before we get too far along with the *should I sell my house?* question, let's consider how much your house is currently worth. If you bought your house 5 years ago for $100,000, and it's now worth $200,000 and you think that is over-valued, the timing may be right to sell your house. You will walk away with considerable financial gains thanks to appreciation and mortgage debt pay down.

 

If, however, you bought your house for $100,000 5 years ago and it would be difficult to sell it for more than $100,000, you're looking at two core options:

 

1. does it make sense to incur transaction costs to sell my house at this point?
2. could I achieve higher returns on my investment if I sell this house and invest the proceeds in something else?

 

## What is the outlook for my local housing market?

 

Real estate is hyper local. Different neighborhoods in the same city may be on very different trajectories as far as median home values are concerned.

 

## Am I able to comfortably carry the costs of owning my house?

 

**If we're talking about your primary residence:**

 

If the costs of owning your primary residence are well within your means, and you are happy living where you are, then it doesn't make sense to sell. 

 

**If we're talking about a rental property you own:**

 

If you are consistently earning [free cash flow](https://offermarket.us/real-estate-glossary/free-cash-flow) on a monthly and annual basis and therefore not "bleeding" money, then it would be hard to justify selling unless you can confidently invest your capital in an asset that will have higher returns.

 

## What other options do I have?

 

## It never makes sense to sell un an uncompetitive process

 

The keys to optimizing your net proceeds:

 

- **high** buyer competition
- **low** transaction fees

Should I sell my house? Thousands of homeowners are asking this important question. Learn our insights to help you make the right decision for you and your family.

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Should I sell my house? - FAQs - OfferMarket

Should I sell my house?

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

What is Dutch Interest?

Do all private lenders charge Dutch Interest?

Fix and Flip Bridge Loan Quotes

## What is Dutch Interest?

 

Dutch Interest, also known as [Full Boat interest](https://www.offermarket.us/real-estate-glossary/full-boat), is when a private lender charges interest on the full loan amount, including the construction holdback that has not yet been disbursed to the borrower.

 

For example, let's say you have a $100,000 construction loan from a private lender at 10% interest. The lender uses a [draw request process](https://www.offermarket.us/frequently-asked-questions/what-is-the-draw-request-process-for-offermarket-capital-construction-loans) to reimburse you based on progress completing your [scope of work](https://www.offermarket.us/real-estate-glossary/scope-of-work). You may not have received any of your construction loan holdback but you are still paying interest monthly on the full $100,000 portion of your loan. That's $833.33 per month for funds you have not even accessed yet.

 

## Do all private lenders charge Dutch Interest?

 

When evaluating private lenders, it's important to confirm whether they charge dutch interest or ["non-dutch" or "as disbursed" interest](https://www.offermarket.us/real-estate-glossary/as-disbursed). You can save a lot of money by avoiding dutch interest.

 

Unlike most private lenders, OfferMarket charges interest on an as disbursed basis -- you are only charged for the portion of your construction loan that is actually funded to you. We believe this is the most fair arrangement and aligned with [our mission](https://www.offermarket.us/about).

 

## Fix and Flip Bridge Loan Quotes

 

[Get a quote](https://www.offermarket.us/loans) in under 1 minute from OfferMarket.

Dutch Interest is when a private lender charges interest on the full loan amount, including the construction holdback that has not yet been disbursed to the borrower.

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Dutch Interest

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What is Dutch Interest?

Do all private lenders charge Dutch Interest?

Fix and Flip Bridge Loan Quotes

* Takes 2 minutes, no credit pull