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 advantages and disadvantages, but it’s worth noting that the second option offers some quite attractive benefits.
The following are five good reasons investors who cash for houses in Washington DC are worth considering:
1. You get instant cash.
If you’re selling your house fast in Washington DC because you need instant cash, then real estate investors are your best bet. There are even those who can get you your money within 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 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 can always hire contractors, but this will only boost 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!
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. Nothing like this is needed when you transact with a real estate investor. If your goal is to sell your house fast in DC, then there is often no better route than this.
4. You don’t have to pay agent commissions.
Real estate agents usually charge around 6% in commission and fees. With a real estate investor, there’s no need for that. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. In such a case, the realtor fees become almost useless.
5. Mortgage complications are out of the picture.
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. Considering that lenders have become a lot stricter in their guidelines for mortgage approvals, this can really be a problem. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.