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.
The following are five good reasons investors who cash for houses in Washington DC are worth considering:
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. Some will even give you the money in under 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, repairs or renovation requires time. 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. 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. Transactions close quick!
Usually, closing a real estate transaction would take months, even after the buyer and seller agreeing 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 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. That isn’t necessary with a real estate investor. 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 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. With lenders’ mortgage approval guidelines becoming a lot more stringent, this can indeed be an issue. As cash investors rely on their own pockets, you need not worry that they may retract any time.
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