Why Sell Your DC Home to a Real Estate Investor?
If you’re thinking of selling your Washington, DC home, you can either have it listed on the MLS with a real estate agent or sell it straight to a real estate investor. The two have their own advantages and disadvantages, but the second option does provide some pretty attractive benefits.
The following are five good reasons investors who cash for houses in Washington DC are worth considering:
1. You get the payment immediately.
Selling your house fast in Washington DC is possible with real estate investors. There are even those who can get you your money within 24 hours.
2. There’s no need 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, repairs or renovation requires time. 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. Selling the house for cash as is is a much better alternative. 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 think of that process – appraisals, inspections, financing approval, etc. With real estate investors, there is no need for any of these. 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. 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. There are no mortgage issues to worry about.
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. 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.