Why Sell Your DC Home to a Real Estate Investor?
If you’re planning to sell your home in Washington, DC, you have two choices – get it listed on the MLS with a real estate agent and sell it directly to an investor. Both have their own pros and cons, but note that the second option comes with rather tempting benefits.
Here are five reasons to consider investors who pay cash for houses in Washington DC:
1. You get the payment immediately.
If you’re selling your house fast in Washington DC because you need instant cash, then real estate investors are your best bet. There are even those who can get you your money within 24 hours.
2. You need not spend money to repair or renovate your property.
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’s going to take them months to do it. And because they’re not trained for this kind of job, they can end up losing thousands of dollars unnecessarily. They may hire contractors, but this will only add to their costs. Most certainly, selling the house for cash as is is the far wiser choice. Local cash home buyers in Washington DC will gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close quick!
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. None of these is necessary if you sell your home to an 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.
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 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. 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 often happens when the buyer needs to qualify for a conventional mortgage and gets disapproved. With lenders’ mortgage approval guidelines becoming a lot more stringent, this can indeed be an issue. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.