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 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 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. There are even those who can get you your money within 24 hours.
2. You don’t have 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 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!
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. Nothing like this is needed when you transact with a real estate 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 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 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. There are no mortgage issues to worry about.
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.