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.
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. You don’t have 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’s going to take them months to do it. 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 always hire contractors, but this will only boost 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.
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. 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 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. 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 such a case, the realtor fees become almost useless.
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. As cash investors rely on their own pockets, you need not worry that they may retract any time.