Practical and Helpful Tips: Houses

Why You Should Sell Your DC Home to an Investor

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 own pros and cons, but note that the second option comes with rather tempting benefits.

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

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 don’t have 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, it takes months to repair or renovate a home. And because they’re not trained for this kind of job, they can end up losing thousands of dollars unnecessarily. 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. The transaction closes fast!

In most cases, even with the buyer and seller already agreeing on a price, real estate transactions can still run for months. 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. 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. 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. That means realtor fees will bring almost no benefit.

5. Mortgage complications are out of the picture.

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. As cash investors rely on their own pockets, you need not worry that they may retract any time.

Source: important site