Tenant-Occupied As-Is Property in Glen Burnie — Landlord Exit Strategy
The Situation
James had been a reluctant landlord for six years. He originally purchased his Glen Burnie rancher as a primary residence but relocated to Howard County for work and decided to rent it out rather than sell. Over the years, the tenants had been hard on the property — damaged drywall, stained carpets, a broken fence, and a kitchen that looked like it had been through a war. The tenants were month-to-month and behind on rent.
James had tried listing with two different agents, but both told him the same thing: evict the tenants first, invest $40,000-$50,000 in renovations, and then they could sell it. James did not have the time, money, or desire to manage an eviction and renovation from 30 miles away.
How We Helped
We made James a cash offer of $168,000 for the property as-is with tenants in place. We assumed responsibility for the tenant situation and all property condition issues. James did not need to evict anyone, make any repairs, or even clean the property. We handled everything after closing.
The Outcome
James closed in 12 days and walked away with his full asking equity, free of the property management headaches that had plagued him for years. He used the proceeds to pay off debt and invest in index funds instead of real estate.
After closing, we worked with the tenants on a respectful transition, completed $45,000 in renovations including new flooring, kitchen, bathroom, paint, and landscaping, and resold the property for $265,000.
The Seller's Situation
When this homeowner first contacted Impact Home Team, they were facing a situation that many Maryland homeowners find themselves in — a property they needed to sell quickly but couldn't go through the traditional listing process. The house needed work, time was not on their side, and the uncertainty of waiting months for a traditional buyer was not an option. They had already spoken with real estate agents and received discouraging feedback about the timeline and costs involved.
How We Evaluated the Property
Josh Hines personally visited the property within 48 hours of the initial call. He walked through every room, assessed the condition, noted the repair needs, and researched comparable sales in the immediate neighborhood. Impact Home Team's evaluation process is completely transparent — we showed the seller the comparable sales data, our estimated repair costs, and exactly how we arrived at our offer number. No mystery, no pressure.
The Offer and Closing Process
Within 24 hours of the property visit, we presented a written cash offer. The seller had time to review it, ask questions, and compare it with other options. Once they accepted, we coordinated with a local Maryland title company to handle all the paperwork. The seller chose their closing date and received their funds via wire transfer at settlement. Zero commissions, zero fees — the offer amount was exactly what they received.
What This Deal Meant for the Seller
This is exactly the kind of situation Impact Home Team was built for. Traditional sales work great when you have time, money for repairs, and a house in good condition. But when life throws a curveball — foreclosure, probate, divorce, tenant problems, or simply a house that needs more work than you can handle — a fair cash offer and a fast close can make all the difference. If you're in a similar situation anywhere in Maryland, call (410) 824-1687 for your free cash offer.