After the peak in housing prices and home sales in 2007, the District of Columbia real estate market has remained stagnant over the last couple of years, with low home sale numbers in 2009 that improved only slightly in 2010. Despite current record-low mortgage rates and housing prices, cautious mortgage financing continues to keep housing sales down.
These trends present a challenge if you’re trying to sell your home in Washington, D.C., with statistics from the last couple of years that are not likely to change if potential home buyers are not able to secure financing. One positive turnaround, however, is that District homes sold an average of three weeks faster in 2010 than in 2009, and this trend is likely to continue. Read recent statistical highlights for home sales in the D.C. metro region.
What can you do to increase your likelihood of a successful sale if you currently need to sell your home in the District of Columbia? If you’re already listing with a reputable realtor at a competitive price and buyers aren’t showing a lot of interest, the best option you have may be to lower the sales price or sell to a homebuying company that buys houses for cash quickly.
Over the last few years, homebuying companies have helped many District homeowners who needed to sell their houses in a short timeframe for various reasons: loss of a job, delinquent mortgage payments, risk of foreclosure, or relocation to another area.
When you sell your home to a homebuying company, the company takes care of all the details and paperwork, and the entire process can be completed in about a week’s time. There’s no waiting, wondering, repeated house showings, drawn-out negotiations, or weeks of waiting while under contract. You can sell your home to a homebuying company quickly and avoid the challenge of selling a home in the District of Columbia in 2011.
If your home isn’t selling, call us today at (877) 804-5252 to get an offer and sell your home in hours from Express Homebuyers.
