There are a number of legitimate reasons to sell your home fast. If you’re undergoing bankruptcy, trying to pay off a loan, or are going through divorce proceedings, time is of the essence. This means simply listing your property and waiting for a potential buyer may be out of the question.
Unfortunately, if you live in Los Angeles, there’s a probable chance you could be looking at three months before your house gets sold. The average time it takes to sell a home in California is 80 days – 45 days before you receive an offer, and then another 35 days before the closing period. This might be too long for those in a hurry. So, if you’re wondering “What’s the fastest way to sell my house in Los Angeles?”, here are a few potential strategies.
Find A Real Estate Agent
You’re more likely to sell your home faster with a real estate agent at your side than advertising your property on an online listing site on your own. Real estate agents work with a network of other agents and can put your home in view of buyers on the market. They can also provide you with their marketing strategy.
The downside to this can be very steep: real estate commission fees. On top of the closing fees and the other hidden expenses of selling a house, real estate agent fees can range from 6 to 8 percent of your home’s selling price. And this is paid whether or not you sell your Los Angeles house fast.
Here’s a pro-tip if you’re listing your property on the market on your own or with a real estate agent: disclose everything that’s wrong with your house. You might think highlighting your property’s best parts and skirting away from its flaws might help you sell your house fast, but this won’t help you as much as you think it will.
Imagine this scenario: you only disclose a little bit of your home’s flaws, and you end up getting an offer from a buyer. After you accept their offer, your home will undergo a stage of inspections and appraisals by professionals before anything else can be signed. Thanks to these inspections, your buyer finds out what’s wrong with your property, and that leaves both of you with two options: negotiate the price (in favor of the buyer), or the buyer pulls out of the deal. You’ve just wasted your time dealing with a buyer simply because you sold them on a house that wasn’t as good as you claimed.
Repair The Property
The real estate market in Los Angeles is currently a seller’s market, meaning choice homes are bound to get flocked with offers way above the asking price due to the demand. However, there’s no guarantee that that means you’ll be swarming with offers, especially if your house isn’t at its best shape.
One way to stand out in the market is to offer a house that’s newly repaired and renovated. This can entice buyers as this means less work for them before they can move into their new home. It will mean spending money out of your own pocket before you can sell the property, though, so this might not be an option for some people short on funds unless you are willing to take out a loan for it. This also may not be the fastest way to sell your home, but making the necessary repairs can help increase the chance that it sits on the market for a shorter time.
Price Your Property Competitively
Let’s say that the value of your home is at $850,000, and the market is filled with other homes with roughly the same value. One way to stand out in the market is to price your property lower than other houses in the same league as yours.
Selling it at $849,000 won’t do much, but selling it at $835,000 may give your home a competitive edge for potential buyers weighing out the options between your home and other properties. And given that it’s a seller’s market, there’s a possible chance that you might get an offer higher than the discounted price.
Sell To A Professional Home Buyer
So far, we’ve considered strategies to sell your house fast on the market. But what if we told you that skipping the listings and selling to a professional homebuyer in Los Angeles was a much faster and surer way to sell your home fast?
Instead of listing your property on the market, you can simply contact a professional homebuyer to have your house sold – this means no real estate agent fees to eat up what you earn from the sale. Homebuyers buy property as-is, meaning there is no need for repairs, renovations, or staging for an open house.
Rather than waiting 45 days for an offer, a homebuyer can offer a fair price in 72 hours or less. The offer is a cash payment, which means the homebuyer does not have to apply for a home loan the way regular buyers in the market do, which can take time to process.
After you accept, the closing process begins. Homebuyers handle all the paperwork and shoulder all the closing costs, reducing the fees that come with selling your property. And unlike closing in California’s real estate market that can take around 35 days, you can expect the cash transfer in as little as 14 days.
Let Inhouse Offer Help You Sell Your House Fast
Wondering “What’s the best way to sell my house in Los Angeles fast?” The answer is simple: skip the listings and the real estate market and go directly to a professional homebuyer. No commission fees, no listings, and no inconvenience on your part.
Contact Inhouse Offer today to get a fair no-obligation cash offer for your property.