The Advantages of Selling 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.
Below are five great reasons to explore investors who pay cash for houses in Washington DC:
1. You get the payment immediately.
Selling your house fast in Washington DC is possible with real estate investors. Some can even pay you within 24 hours.
2. You need not spend money to repair or renovate your property.
Many people would like to sell their homes but hesitate to do so because of the expensive repairs that may be necessary. Besides, repairs or renovation requires time. And because they’re not trained for this kind of job, they can end up losing thousands of dollars unnecessarily. 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 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 picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. With real estate investors, there is no need for any of these. 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 property requires some fixing, it may just end up being bought by investors anyway for the same price. In this scenario, the realtor fees will provide almost no benefit.
5. Mortgage complications are out of the picture.
Finally, typical home sales take months or even years, and sometimes, they can even fall through at the finish line. This often happens when the buyer needs to qualify for a conventional mortgage and gets disapproved. 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.