If you’re thinking about selling your house in DC, you might be trying to figure out what the best way to sell is or maybe you’re trying to figure out who to sell to. If that sounds like you, or if you’re just curious to learn more about selling to an investor, keep reading this blog post.
We’ll cover a few key advantages of selling to an investor over a traditional buyer…
Key Advantages Of Selling Your House In DC To An Investor Over A Traditional Buyer
Speed
When you sell the traditional way and list your DC house, a realtor must find a buyer to purchase the property. Often times, homeowners don’t realize that this process could potentially take months given new home buyers can be extremely picky. That’s why many homeowners choose to sell to an investor, like Consistent Homebuyers, because you don’t have to wait that long… When you sell to a real estate investor, if they’re experienced, they can close fast – often in as a little as a week or two.
No Repairs
Not every house is in pristine condition, and that’s okay, but you’ll probably have to pay out-of-pocket to fix up the property and clean it before a traditional buyer will even look at it. Some homeowners would prefer not to deal with that and sell directly to an investor. Reason being is most DC investors will buy houses in any condition, which means you can save money, time, and hassle by skipping the repair and cleaning.
[NOTE: If your property requires a lot of repairs, you won’t have to deal with a contractor, either. Yes, the investor may ask for a small discount on the selling price since THEY are covering the repairs instead of you, but this is a small price to pay to sell quickly and without all the hassle.
No Wondering
When you sell to a traditional buyer, you’re hoping and wondering if they’ll pay you the asking price for the house… and if you wait several months for the buyer to try and negotiate a lower price, well, that’s not ideal. When you sell to an investor, you know exactly what the investor will pay. Although you don’t have to accept their offer, it’s a great first step to help you decide how to move forward.
Costs
When you sell your house the traditional way, you’ll have to pay real estate commissions, you’ll probably be asked to pay some of the closing costs, and you might have to pay holding costs while you wait to find a buyer. These can all eat away at your bottom line. Selling to an investor can help you avoid this. Because the investor is the end buyer, and not using an agent to represent them, you won’t have to pay any realtor commissions. Most investors will also cover the closing costs as well. This means when an investor makes you an offer, that’s what you’d walk away with at closing after your mortgage and/or taxes have been paid, if is hasn’t been already.