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.
Below are five great reasons to explore 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. Some can even pay you within 24 hours.
2. You don’t have 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, 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 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!
In most cases, even with the buyer and seller already agreeing on a price, real estate transactions can still run for months. 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.
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. 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. Mortgage complications are out of the picture.
Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. This often happens when the buyer needs to qualify for a conventional mortgage and gets disapproved. 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.