The Advantages of Selling 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 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 the payment immediately.
Selling your house fast in Washington DC is possible with real estate investors. Some can even pay you within 24 hours.
2. You need not spend money to repair or renovate your property.
Some people stop short of selling their homes simply because they know there are costly repairs to be done. Besides, it’s going to take them months to do it. 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. 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. Transactions close fast, period.
In most cases, even with the buyer and seller already agreeing on a price, real estate transactions can still run for months. Just imagine the process of getting appraisals and inspections, financing approval and so on and so forth. Nothing like this is needed when you transact with a real estate 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. With a real estate investor, there’s no need for that. If your property requires some fixing, it may just end up being bought by investors anyway for the same price. That means realtor fees will bring 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 usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. With lenders’ mortgage approval guidelines becoming a lot more stringent, this can indeed be an issue. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.