Why Sell Your DC Home to a Real Estate 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.
Below are five great reasons to explore investors who pay cash for houses in Washington DC:
1. You get your money instantly.
Selling your house fast in Washington DC is possible with real estate investors. 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, it takes months to repair or renovate a home. 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. Selling the house for cash as is is a much better alternative. 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 fast, period.
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just think of that process – appraisals, inspections, financing approval, etc. 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 agent, no commissions must be paid.
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 requires repairs, it will probably be sold to investors for the same price anyway. In this scenario, the realtor fees will provide almost no benefit.
5. Mortgage complications are out of the picture.
Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. This is usually the case when the buyer intends to pay through a conventional mortgage that he ends up getting disapproved for. Considering that lenders have become a lot stricter in their guidelines for mortgage approvals, this can really be a problem. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.