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 your money instantly.
If you’re selling your house fast in Washington DC because of an urgent need for cash, then there’s rarely a better option than going with a real estate investor. There are even those who can get you your money within 24 hours.
2. You don’t have to spend on repairs or renovation.
A lot of people are hesitant to sell their homes even if they wanted to because they know they have to spend time and money fixing it up. Besides, repairs or renovation requires time. And since they have no professional knowledge or training for this type of job, they may needlessly lose thousands of dollars. They may hire contractors, but this will only add to 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 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 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. You don’t have to pay agent commissions.
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. 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. That means realtor fees will bring 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 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. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.