Why Tips Aren’t As Bad As You Think

October 19, 2017

Real Estate

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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. The two have their own advantages and disadvantages, but the second option does provide some pretty attractive benefits.

The following are five good reasons investors who cash for houses in Washington DC are worth considering:

1. You get instant cash.

If you’re selling your house fast in Washington DC because you need instant cash, then real estate investors are your best bet. Some will even give you the money in under 24 hours.

2. There’s no need to spend on repairs or renovation.

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 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. Selling the house for cash as is is a much better alternative. 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. 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 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 agent, no commissions must be paid.

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 requires repairs, it will probably be sold to investors for the same price anyway. That means realtor fees will bring 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 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. As cash investors rely on their own pockets, you need not worry that they may retract any time.