Why You Should Sell Your DC Home to an 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 own pros and cons, but note that the second option comes with rather tempting benefits.
Below are five great reasons to explore 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 of an urgent need for cash, then there’s rarely a better option than going with a real estate investor. Some can even pay you within 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 takes months to repair or renovate a home. And because they’re not trained for this kind of job, they can end up losing thousands of dollars unnecessarily. 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 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 picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. With real estate investors, there is no need for any of these. 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 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. Selling to a real estate investor, that would be unnecessary. 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. There are no mortgage complications to stress over.
Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. 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.