The Advantages of Selling Your DC Home to an Investor
Selling your home in Washington, DC usually offers you two choices – work with a real estate agent and get the property listed on the MLS, and sell it to an investor for cash. The two have their own advantages and disadvantages, but the second option does provide some pretty 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 of an urgent need for cash, then there’s rarely a better option than going with a real estate investor. There are even those who can get you your money within 24 hours.
2. You don’t have to spend on repairs or renovation.
Some people stop short of selling their homes simply because they know there are costly repairs to be done. 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 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 happily take a look at your property and purchase it, whatever condition it may be in.
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. None of these is necessary if you sell your home to an investor. If you would really like to sell your house fast in DC, then this is undoubtedly your best route.
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. That isn’t necessary with a real estate investor. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. That means realtor fees will bring almost no benefit.
5. Mortgage complications are out of the picture.
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. Knowing that lenders have become so much stricter in screening mortgage applications, this can indeed be a problem. As cash investors rely on their own pockets, you need not worry that they may retract any time.