Why Sell Your DC Home to a Real Estate 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. Both have their advantages and disadvantages, but it’s worth noting that the second option offers some quite attractive benefits.
Below are five great reasons to explore investors who pay cash for houses in Washington DC:
1. You get your money instantly.
If you’re selling your house fast in Washington DC because you need instant cash, then real estate investors are your best bet. Some can even pay you within 24 hours.
2. There’s no need 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, repairs or renovation requires time. 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. 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 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 picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. 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 agent, no commissions must be paid.
Real estate agents usually charge around 6% in commission and fees. With a real estate investor, there’s no need for that. 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, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. 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. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.