Monday, November 19, 2018

Real Estate and Passing Of Loved Ones

Losing a loved one/family member is very difficult.  It can be incredibly devastating, and we all need time to internalize the situation, grieve and pick ourselves back up.

It can be especially difficult if we become the executor of the estate once our loved one has passed.   Going through the legalities to deal with the estate is usually the last thing on our minds, but it is incredibly important and worthwhile to know and plan ahead.

What Is Probate?

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Probate is the process of legally proving a will. Real estate must go through probate so that the executor of the will can legally sell the home. Once you've gotten the court's approval, you'll be able to officially be able to start the selling process. Don't worry if you don't have a court order yet, you can start a discussion with a real estate specialist at any time - such as SMK Realty Solutions.

The Probate Process

1. File the Petition
Once there's a death certificate, work with your attorney to set a court date. While waiting for a court date, you cannot legally take action with the decedent's estate but you may take steps to safeguard it.

2.Give Notice and Inventory the Estate
Formally inform every beneficiary of the probate and give notice to creditors so they have time to submit claims. You'll need to take inventory of the estate to assess value.

3. Administer the Estate
Go through all of the assets, starting with real estate, and dispense them among the beneficiaries. Usually, this means the assets must be sold first.

4. Close on the Estate
The home is sold, the debts are paid, and the financial assets are ready to be distributed. Your attorney files a final petition and the process wraps up

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How Can We Help?

SMK Realty Solutions can arm you with the knowledge you need about the property to navigate the tough times.

We can do the following:

1. Assess the property's condition and value.
2. Run comparable analysis in your area, and discuss the results.
3. Help you through the process.
4. Provide a fair market CASH offer and close on your timeline.

All of this with no obligations, completely confidential and absolutely free! 

We have purchased numerous homes as a result of probate in the Maryland, DC and Virginia area. 

Call us today at (301) 329-6500

Thursday, October 11, 2018


A big part of owning and maintaining Real Estate effectively is to know your landscape, and have a clear understanding where are we projected to go.

At SMK Realty Solutions, we specialize in investing and developing residential real estate.  So, we're always keeping a vigilant eye on the pulse of the local DC, Maryland, and Virginia market.

Median Sales Price Trend

  •  All properties |    source:

Number of Sales

  •  All properties |
    •   source:

Number of Rentals

  •  All properties |    source:

  • Federal Reserve Interest Rates

    United States Fed Funds Rate

    What Does This All Mean?

    If you are looking to sell your home within the next few years, now is the time to sell.  As interest rates go higher and higher (which they will as we look at the trend and policies the Fed are implementing), less and less people will buy homes through mortgages.  As this occurs, the sales price will start to cool down and perhaps dip down further than today's values.

    What If My House Needs Some TLC?

    Some people think they don't have many options if they feel that their home cannot be sold easily the traditional way: on the market through a realtor.  I am happy to tell you that you have various other options to maximize your sales price.

    We do provide competitive CASH offers for homes and can close as quick as 7 days.  But if you give us a call today, I can walk you through various other options and provide a FREE, NO OBLIGATION and CONFIDENTIAL analysis of some of the best options for you.

    We're more than a business.  We're here to help people through real estate.

    (301) 329-6500

    Call us today and arm yourself with the knowledge you need to put the most money in your pocket.

    Be sure to like us on Facebook to keep up with the most useful news/trends/etc.

    Real Estate and Passing Of Loved Ones

    Losing a loved one/family member is very difficult.  It can be incredibly devastating, and we all need time to internalize the situation, gr...