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.
Here are five reasons to consider investors who pay cash for houses in Washington DC:
1. You get your money instantly.
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 need not spend money to repair or renovate your property.
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 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 gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close fast, period.
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. 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. There is no agent, no commissions must be paid.
Real estate agents usually charge around 6% in commission and fees. That isn’t necessary with a real estate investor. If your property requires some fixing, it may just end up being bought by investors anyway for the same price. 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 is usually the case when the buyer intends to pay through a conventional mortgage that he ends up getting disapproved for. Considering that lenders have become a lot stricter in their guidelines for mortgage approvals, this can really be a problem. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.