Why You Should Sell 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 advantages and disadvantages, but it’s worth noting that the second option offers some quite attractive benefits.
Here are five reasons to consider 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. Some will even give you the money in under 24 hours.
2. You don’t have 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. Without a doubt, selling the house for cash as is is the much better option. 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. The transaction closes fast!
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 decide to work with a real estate agent, you will probably have to pay him around 6% of the sale price to cover his commission and fees. That isn’t necessary with a real estate investor. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. 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 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.