Why You Should Sell 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.
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 of an urgent need for cash, then there’s rarely a better option than going with a real estate investor. Some can even pay you within 24 hours.
2. You need not spend money to repair or renovate your property.
Many people would like to sell their homes but hesitate to do so because of the expensive repairs that may be necessary. 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 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!
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just think of that process – appraisals, inspections, financing approval, etc. 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. There is no need to pay commissions to an agent.
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. Selling to a real estate investor, that would be unnecessary. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. In this scenario, the realtor fees will provide 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 usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. 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.