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 your money instantly.
Selling your house fast in Washington DC is possible with real estate investors. Some will even give you the money in under 24 hours.
2. There’s no need to spend on repairs or renovation.
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 since they have no professional knowledge or training for this type of job, they may needlessly lose thousands of dollars. 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.
In most cases, even with the buyer and seller already agreeing on a price, real estate transactions can still run for months. Just imagine the process of getting appraisals and inspections, financing approval and so on and so forth. None of these is necessary if you sell your home to an investor. If you would really like to sell your house fast in DC, then this is undoubtedly your best route.
4. There is no agent, no commissions must be paid.
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. 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 is usually the case when the buyer intends to pay through a conventional mortgage that he ends up getting disapproved for. 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.