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. Both have their advantages and disadvantages, but it’s worth noting that the second option offers some quite attractive benefits.
Below are five great reasons to explore investors who pay cash for houses in Washington DC:
1. You get the payment immediately.
Selling your house fast in Washington DC is possible with real estate investors. 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, 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 always hire contractors, but this will only boost 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. The transaction closes fast!
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just imagine the process of getting appraisals and inspections, financing approval and so on and so forth. With real estate investors, there is no need for any of these. 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.
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. 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. That means realtor fees will bring almost no benefit.
5. There are no mortgage issues to worry about.
Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. 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. Cash investors pay from their own pockets, so there’s no need to worry about them backing out.