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 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.
Selling your house fast in Washington DC is possible with real estate investors. There are even those who can get you your money 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, repairs or renovation requires time. 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. Selling the house for cash as is is a much better alternative. Local cash home buyers in Washington DC will gladly tour your home and buy it, irrespective of its current condition.
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. None of these is necessary if you sell your home to an investor. 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 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. Selling to a real estate investor, that would be unnecessary. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. In such a case, the realtor fees become almost useless.
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 often happens when the buyer needs to qualify for a conventional mortgage and gets disapproved. 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.