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The 5 Rules of Tips And How Learn More

The Advantages of Selling 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.

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

1. You get your money instantly.

Selling your house fast in Washington DC is possible with real estate investors. 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, repairs or renovation requires time. 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. Without a doubt, selling the house for cash as is is the much better option. 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. Transactions close quick!

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. None of these is necessary if you sell your home to an investor. 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.

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 property requires some fixing, it may just end up being bought by investors anyway for the same price. That means realtor fees will bring almost no benefit.

5. There are no mortgage issues to worry about.

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. 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.