Why You Should Sell Your DC Home to an Investor
If you’re thinking of selling your Washington, DC home, you can either have it listed on the MLS with a real estate agent or sell it straight to a real estate investor. The two have their own advantages and disadvantages, but the second option does provide some pretty attractive benefits.
Here are five reasons to consider investors who pay cash for houses in Washington DC:
1. You get your money instantly.
If you’re selling your house fast in Washington DC because of an urgent need for cash, then there’s rarely a better option than going with a real estate investor. There are even those who can get you your money within 24 hours.
2. There’s no need to spend on repairs or renovation.
Many people would like to sell their homes but hesitate to do so because of the expensive repairs that may be necessary. Besides, it’s going to take them months to do it. And since they have no professional knowledge or training for this type of job, they may needlessly lose thousands of dollars. They can always hire contractors, but this will only boost their costs. Without a doubt, selling the house for cash as is is the much better option. Local cash home buyers in Washington DC will gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close quick!
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just imagine the process of getting appraisals and inspections, financing approval and so on and so forth. Nothing like this is needed when you transact with a real estate investor. If your goal is to sell your house fast in DC, then there is often no better route than this.
4. There is no need to pay commissions to an agent.
If you sell your home through a real estate agent, you probably have to pay him some 6% of the sale price as his commission and to pay fees. Selling to a real estate investor, that would be unnecessary. If your property requires some fixing, it may just end up being bought by investors anyway for the same price. That means realtor fees will bring almost no benefit.
5. There are no mortgage complications to stress over.
Lastly, traditional home sales can run from months to years and sometimes don’t even come through. This often happens when the buyer needs to qualify for a conventional mortgage and gets disapproved. With lenders’ mortgage approval guidelines becoming a lot more stringent, this can indeed be an issue. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.