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 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 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. There’s no need to spend on repairs or renovation.
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 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 gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close quick!
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. None of these is necessary if you sell your home to an investor. If all you want is to sell your house fast in DC, then this is the way to go.
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. In this scenario, the realtor fees will provide almost no benefit.
5. There are no mortgage complications to stress over.
Lastly, traditional home sales can run from months to years and sometimes don’t even come through. This usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. Knowing that lenders have become so much stricter in screening mortgage applications, this can indeed be a problem. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.