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. 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 the payment immediately.
Selling your house fast in Washington DC is possible with real estate investors. Some will even give you the money in under 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. 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. 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 picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. None of these is necessary if you sell your home to an investor. If your goal is to sell your house fast in DC, then there is often no better route than this.
4. There is no agent, no commissions must be paid.
Real estate agents usually charge around 6% in commission and fees. That isn’t necessary with a real estate investor. 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. There are no mortgage complications to stress over.
Finally, typical home sales take months or even years, and sometimes, they can even fall through at the finish line. This is usually the case when the buyer intends to pay through a conventional mortgage that he ends up getting disapproved for. Knowing that lenders have become so much stricter in screening mortgage applications, this can indeed be a problem. As cash investors rely on their own pockets, you need not worry that they may retract any time.