The Advantages of Selling Your DC Home to an 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.
If you’re selling your house fast in Washington DC because of an urgent need for cash, then there’s rarely a better option than going with a real estate investor. 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 since they have no professional knowledge or training for this type of job, they may needlessly lose thousands of dollars. They may hire contractors, but this will only add to 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!
Usually, closing a real estate transaction would take months, even after the buyer and seller agreeing on a price. Just imagine the process of getting appraisals and inspections, financing approval and so on and so forth. With real estate investors, there is no need for any of these. If your goal is to sell your house fast in DC, then there is often no better route than this.
4. There is no agent, no commissions must be paid.
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 house requires repairs, it will probably be sold to investors for the same price anyway. That means realtor fees will bring almost no benefit.
5. There are no mortgage issues to worry about.
Finally, typical home sales take months or even years, and sometimes, they can even fall through at the finish line. This is usually the case when the buyer intends to pay through a conventional mortgage that he ends up getting disapproved for. 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.