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. Both have their own pros and cons, but note that the second option comes with rather tempting benefits.
The following are five good reasons investors who cash for houses in Washington DC are worth considering:
1. You get the payment immediately.
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.
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 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. 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. The transaction closes fast!
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. There is no agent, no commissions must be paid.
Real estate agents usually charge around 6% in commission and fees. Selling to a real estate investor, that would be unnecessary. If your property requires some fixing, it may just end up being bought by investors anyway for the same price. In such a case, the realtor fees become almost useless.
5. There are no mortgage complications to stress over.
Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. 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. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.