What I Can Teach You About Tips
The Advantages of Selling Your DC Home to an Investor
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. Both have their advantages and disadvantages, but it’s worth noting that the second option offers some quite attractive benefits.
The following are five good reasons investors who cash for houses in Washington DC are worth considering:
1. You get your money instantly.
Selling your house fast in Washington DC is possible with real estate investors. Some can even pay you within 24 hours.
2. You need not spend money to repair or renovate your property.
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 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 gladly tour your home and buy it, irrespective of its current condition.
3. Transactions close quick!
Typically, it would take months to close a real estate transaction, even after the buyer and seller have agreed on a price. Just picture out the whole process, from appraisals to inspections to securing financial approval and all the rest. With real estate investors, there is no need for any of these. If you would really like to sell your house fast in DC, then this is undoubtedly your best route.
4. There is no need to pay commissions to an agent.
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. Selling to a real estate investor, that would be unnecessary. If your house is in need of repairs, it will likely end up purchased by investors at the same price anyway. In this scenario, the realtor fees will provide almost no benefit.
5. There are no mortgage issues to worry about.
Finally, typical home sales take months or even years, and sometimes, they can even fall through at the finish line. This is usually the case when the buyer intends to pay through a conventional mortgage that he ends up getting disapproved for. 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.