Why Sell Your DC Home to a Real Estate Investor?
If you’re planning to sell your home in Washington, DC, you have two choices – get it listed on the MLS with a real estate agent and sell it directly to an investor. The two have their own advantages and disadvantages, but the second option does provide some pretty attractive benefits.
Below are five great reasons to explore investors who pay cash for houses in Washington DC:
1. You get instant cash.
If you’re selling your house fast in Washington DC because you need instant cash, then real estate investors are your best bet. There are even those who can get you your money within 24 hours.
2. There’s no need to spend on repairs or renovation.
A lot of people are hesitant to sell their homes even if they wanted to because they know they have to spend time and money fixing it up. Besides, repairs or renovation requires time. And considering they are not experts in this type of job, they may end up losing a lot of money in the process. They can hire contractors, but that can only increase their costs. Most certainly, selling the house for cash as is is the far wiser choice. Local cash home buyers in Washington DC will be glad to take a look at your property and buy it, regardless of its present condition.
3. Transactions close quick!
Usually, closing a real estate transaction would take months, even after the buyer and seller agreeing on a price. Just picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. Nothing like this is needed when you transact with a real estate investor. If all you want is to sell your house fast in DC, then this is the way to go.
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. With a real estate investor, there’s no need for that. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. That means realtor fees will bring almost no benefit.
5. Mortgage complications are out of the picture.
Lastly, traditional home sales can run from months to years and sometimes don’t even come through. This usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. Considering that lenders have become a lot stricter in their guidelines for mortgage approvals, this can really be a problem. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.