The Advantages of Selling Your DC Home to an 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 own pros and cons, but note that the second option comes with rather tempting benefits.
Here are five reasons to consider investors who pay cash for houses in Washington DC:
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. 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, 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 can always hire contractors, but this will only boost 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. Nothing like this is needed when you transact with a real estate 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.
If you sell your home through a real estate agent, you probably have to pay him some 6% of the sale price as his commission and to pay 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 this scenario, the realtor fees will provide almost no benefit.
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. 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.
Reference: my review here