Practical and Helpful Tips: Houses

October 14, 2017

Real Estate

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Why Sell Your DC Home to a Real Estate 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.

Below are five great reasons to explore investors who pay cash for houses in Washington DC:

1. You get instant cash.

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. There’s no need 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 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. 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!

Usually, closing a real estate transaction would take months, even after the buyer and seller agreeing on a price. Just think of that process – appraisals, inspections, financing approval, etc. 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 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. With a real estate investor, there’s no need for that. 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. Mortgage complications are out of the picture.

Lastly, traditional home sales can run from months to years and sometimes don’t even come through. This usually happens when the buyer has to qualify for a conventional mortgage and ends up rejected. 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.