Selling your home in Washington, DC usually offers you two choices – work with a real estate agent and get the property listed on the MLS, and sell it to an investor for cash. 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 instant cash.
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 need not spend money to repair or renovate your property.
Many people would like to sell their homes but hesitate to do so because of the expensive repairs that may be necessary. Besides, it takes months to repair or renovate a home. And considering they are not experts in this type of job, they may end up losing a lot of money in the process. They may hire contractors, but this will only add to their costs. Without a doubt, selling the house for cash as is is the much better option. 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 fast, period.
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. Nothing like this is needed when you transact with a real estate investor. If all you want is to sell your house fast in DC, then this is the way to go.
4. You don’t have to pay agent commissions.
Real estate agents usually charge around 6% in commission and fees. With a real estate investor, there’s no need for that. 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. Mortgage complications are out of the picture.
Finally, typical home sales take months or even years, and sometimes, they can even fall through at the finish line. 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. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.