The Advantages of Selling Your DC Home to an Investor
Selling your home in Washington, DC usually offers you two choices – work with a real estate agent and get the property listed on the MLS, and sell it to an investor for cash. Both have their own pros and cons, but note that the second option comes with rather tempting 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. Some can even pay you within 24 hours.
2. You need not spend money to repair or renovate your property.
Some people stop short of selling their homes simply because they know there are costly repairs to be done. Besides, repairs or renovation requires time. And since they have no professional knowledge or training for this type of job, they may needlessly lose thousands of dollars. They may hire contractors, but this will only add to their costs. Most certainly, selling the house for cash as is is the far wiser choice. Local cash home buyers in Washington DC will happily take a look at your property and purchase it, whatever condition it may be in.
3. Transactions close fast, period.
Usually, closing a real estate transaction would take months, even after the buyer and seller agreeing 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 you would really like to sell your house fast in DC, then this is undoubtedly your best route.
4. You don’t have to pay agent commissions.
Real estate agents usually charge around 6% in commission and fees. That isn’t necessary with a real estate investor. If your house requires repairs, it will probably be sold to investors for the same price anyway. That means realtor fees will bring almost no benefit.
5. There are no mortgage complications to stress over.
Finally, typical home sales take months or even years, and sometimes, they can even fall through at the finish line. This usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. With lenders’ mortgage approval guidelines becoming a lot more stringent, this can indeed be an issue. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.