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 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. Some will even give you the money in under 24 hours.
2. There’s no need 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 takes months to repair or renovate a home. 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 hire contractors, but that can only increase 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 be glad to take a look at your property and buy it, regardless of its present condition.
3. The transaction closes fast!
Usually, closing a real estate transaction would take months, even after the buyer and seller agreeing 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 agent, no commissions must be paid.
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. 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. That means realtor fees will bring almost no benefit.
5. Mortgage complications are out of the picture.
Lastly, traditional home sales can run from months to years and sometimes don’t even come through. 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. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.