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. 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 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.
Some people stop short of selling their homes simply because they know there are costly repairs to be done. Besides, it takes months to repair or renovate a home. 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. Selling the house for cash as is is a much better alternative. Local cash home buyers in Washington DC will gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close fast, period.
In most cases, even with the buyer and seller already agreeing on a price, real estate transactions can still run for months. 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 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.
Real estate agents usually charge around 6% in commission and 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. In such a case, the realtor fees become almost useless.
5. There are no mortgage issues to worry about.
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. With lenders’ mortgage approval guidelines becoming a lot more stringent, this can indeed be an issue. As cash investors rely on their own pockets, you need not worry that they may retract any time.