Study: My Understanding of Resources

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 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. There are even those who can get you your money within 24 hours.

2. You don’t have to spend on repairs or renovation.

Some people stop short of selling their homes simply because they know there are costly repairs to be done. 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. Transactions close fast, period.

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 your goal is to sell your house fast in DC, then there is often no better route than this.

4. You don’t have to pay agent commissions.

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 issues to worry about.

Finally, conventional home sales can take from months to years, and sometimes, they fall through at the last minute. This often happens when the buyer needs to qualify for a conventional mortgage and gets disapproved. Knowing that lenders have become so much stricter in screening mortgage applications, this can indeed be a problem. As cash investors rely on their own pockets, you need not worry that they may retract any time.