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 instant cash.
If you’re selling your house fast in Washington DC because you need instant cash, then real estate investors are your best bet. Some will even give you the money in under 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 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. Without a doubt, selling the house for cash as is is the much better option. Local cash home buyers in Washington DC will happily take a look at your property and purchase it, whatever condition it may be in.
3. Transactions close quick!
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.
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. That means realtor fees will bring almost no benefit.
5. There are no mortgage issues to worry about.
Lastly, traditional home sales can run from months to years and sometimes don’t even come through. 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. As cash investors rely on their own pockets, you need not worry that they may retract any time.