Why Sell Your DC Home to a Real Estate 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 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 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.
Many people would like to sell their homes but hesitate to do so because of the expensive repairs that may be necessary. 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. Without a doubt, selling the house for cash as is is the much better option. 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. The transaction closes fast!
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. 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. You don’t have to pay agent commissions.
If you sell your home through a real estate agent, you probably have to pay him some 6% of the sale price as his commission and to pay 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. That means realtor fees will bring 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 usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. Knowing that lenders have become so much stricter in screening mortgage applications, this can indeed be a problem. As cash investors rely on their own pockets, you need not worry that they may retract any time.