The phrase describes the motion of liquidating residential property situated in Arlington, Virginia, by means of a transaction the place the vendor receives instant financial compensation as a substitute of using conventional actual property market processes involving mortgages and prolonged closing timelines. For instance, a person needing to relocate rapidly may contemplate this avenue.
The significance of such transactions lies of their capability to supply swift entry to capital, bypassing the usually prolonged and unpredictable processes related to typical dwelling gross sales. Advantages can embrace avoiding realtor charges, eliminating the necessity for pre-sale repairs, and reaching a assured sale value inside a compressed timeframe. Traditionally, all these transactions have gained prominence during times of financial uncertainty or when owners face pressing monetary wants.