Why You Should Sell Your DC Home to an 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 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. 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 considering they are not experts in this type of job, they may end up losing a lot of money in the process. They can hire contractors, but that can only increase 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 think of that process – appraisals, inspections, financing approval, etc. With real estate investors, there is no need for any of these. 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.
Real estate agents usually charge around 6% in commission and fees. Selling to a real estate investor, that would be unnecessary. If your house requires repairs, it will probably be sold to investors for the same price anyway. In such a case, the realtor fees become almost useless.
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. Considering that lenders have become a lot stricter in their guidelines for mortgage approvals, this can really be a problem. As cash investors rely on their own pockets, you need not worry that they may retract any time.