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. The two have their own advantages and disadvantages, but the second option does provide some pretty attractive benefits.
Here are five reasons to consider investors who pay cash for houses in Washington DC:
1. You get the payment immediately.
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. You don’t have 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, it’s going to take them months to do it. And because they’re not trained for this kind of job, they can end up losing thousands of dollars unnecessarily. 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 gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close fast, period.
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. None of these is necessary if you sell your home to an investor. If you would really like to sell your house fast in DC, then this is undoubtedly your best route.
4. You don’t have to pay agent commissions.
If you decide to work with a real estate agent, you will probably have to pay him around 6% of the sale price to cover his commission and 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 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 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. As cash investors rely on their own pockets, you need not worry that they may retract any time.