The phrase describes the motion of liquidating residential property positioned in Arlington, Virginia, via 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 would possibly 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 house gross sales. Advantages can embody avoiding realtor charges, eliminating the necessity for pre-sale repairs, and reaching a assured sale value inside a compressed timeframe. Traditionally, a majority of these transactions have gained prominence in periods of financial uncertainty or when owners face pressing monetary wants.