Why Sell Your DC Home to a Real Estate Investor?

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. The two have their own advantages and disadvantages, but the second option does provide some pretty attractive 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 you need instant cash, then real estate investors are your best bet. 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.

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 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. 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 all you want is to sell your house fast in DC, then this is the way to go.

4. There is no need to pay commissions to an agent.

Real estate agents usually charge around 6% in commission and fees. Selling to a real estate investor, that would be unnecessary. If your house requires repairs, it will probably be sold to investors for the same price anyway. In such a case, the realtor fees become almost useless.

5. There are no mortgage complications to stress over.

Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. 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. Because cash investors pay from their own pockets, you don’t have to worry that they will back out any minute.