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Review our blog for home selling tips on how to sell my house fast Los Angeles!
Sell Your (LA) Los Angeles, California House for Cash Right Now
Sell your LA house fast and get cash in hand in less than a week with Sellers Advantage. A sinking ship only sinks faster over time. The same is true of properties just sitting on the market.
When a boat starts to take on water, sailors have time to bail and reduce the risk. Over time, however, the process becomes more rapid. The ship tips and falls as water builds in the hull, and its crew has no choice but to jump ship to survive. This is exactly what is happening to the value of unsold LA homes in the current economic downturn. As the water rises, many homeowners need to abandon ship, especially those burdened by extra properties that are increasing in costs and maintenance with every passing month.
With interest rates reaching unreasonable levels, the buyer pool that was overflowing with bidding wars in 2021 and the first part of 2022 has dried up almost completely. Those looking to sell a Los Angeles, California home fast this year are still looking for a solution, with real estate agents making bigger and bigger demands for renovations and property-enhancing expenses with minimal gains.
Why Many LA Sellers Need to Sell Fast
Why you need to sell your California house pronto is your business, as cash-buyer, we’ve heard hundreds of reasons why selling for cash has become the best, most beneficial answer to unwanted real estate. Your story may fall into one of the following:
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Decaying Vacants are Expensive
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- If you own a vacant house, you likely know just how expensive an empty, unused house can be. Not living in a home can increase its decay rate for a lack of daily maintenance and AC. Vacancies also attract unwanted attention and require extra security to keep out miscreants who could cause even more damage.
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Divorce and Life Changes
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- Personal life changes don’t wait on the housing market. There are good reasons to sell immediately, like getting a new job across the country or needing to size-up for a growing family. While 2023 is a bad year for buyers and sellers, you may still need to get a house off your hands to facilitate a divorce, leaving behind a bad chapter in your life, or sell an inherited home from a recently passed loved one.
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Risk of Foreclosure
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- When foreclosure looms, your best option is to sell the house fast. The risk of foreclosure means that your only chance to profit from the home is to sell before the house can be foreclosed on. If buyers aren’t biting, selling for cash at a fair price is far better than having the house simply taken from you and auctioned for the bank’s benefit.
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Unwanted Inheritance Homes
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- Have you inherited a house in California that you don’t want, full of stuff you don’t need? Not only is this a hassle, it’s also a new property tax and maintenance concern. Take the whole mess off your hands by selling as-is for cash to an investment buyer.
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Critical Issues that Won’t Pass Inspection
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- Then there are homes that can’t be sold to a buyer’s family. If a critical maintenance issue with your house can’t be fixed right now and definitely won’t pass inspection, this can stop your ability to sell on the housing market, but not your ability to sell for cash to an as-is buyer.
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Wrecked Rentals without Funds for Renovation
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Funding a Recession Retirement
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Toxic HOA
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- Many people need to sell a house immediately when they realize they have moved into a toxic HOA. If you are currently being harassed about the height of your grass or the color of your street-facing curtains, we can help you get out now before your HOA piles on so many penalties that they can justify foreclosure.
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The Great Buyer Disappearance of 2022-2023
Despite the increasing need to sell your LA, CA home, many sellers hear crickets when their listing goes active. The buyer frenzy of 2021 and the first part of 2022 has been almost entirely squelched by the rising interest rates and the same expensive market conditions inspiring sellers to sell.
Today’s economy has caused a great buyer disappearance. Most financial advisors are likely telling prospective buyers to wait it out, keep their current homes, or rent for a year until conditions improve. Mortgage lenders are even getting desperate, offering to guarantee a better refinancing rate in a few years if buyers will just take out a mortgage in 2023.
What To Do When Your LA House is a Money Pit and Buyers Aren’t Biting
Whatever your reasons, you have an LA house burning a hole in your checkbook. With mortgages more undesirable than ever, family buyers are few and often strapped for cash. But what can you do when buyers aren’t showing up, or those buyers who do arrive are desperately trying to lowball your home’s value?
The answer is to sell to someone who doesn’t need a mortgage. Investment homebuyers like Sellers Advantage have turned house flipping into a business model and, we think, an art form. An investment buyer has a portfolio and capital large enough to buy your house outright and immediately. This means you can sell for cash right now, without worrying about things like repairs and fresh paint. The lending rate doesn’t limit an investment buyer because they are internally financed, and they don’t have to wait for layers of approval because the purchase is internally approved.
Cash-in-hand, you could be walking away in less than a week by selling to dedicated investment home buyers like Seller’s Advantage.
Seller’s Advantage: Buying Houses Fast for Cash in 2023
It has been predicted that, for most hopeful buyers, 2023 will be a year of renting and carefully saving up for when market conditions improve. In 2023, family buyers will be few and far between. But for home sellers who need to sell right now, Seller’s Advantage is proud to be one of the few reliable and fair buyers available in a difficult market.
At Seller’s Advantage, we buy houses as-is, and we can buy your house with cash in your hands within a week of our initial visit. Sometimes even faster than that if you need to sell my house fast Los Angeles! You can also rest assured knowing that your home, beautiful or shabby, will soon be turned around by experts and returned to the housing market to help ease the housing shortage while saving you the hassle (and expense) of any needed repairs.
To get started with a no-obligation consultation and quote, simply reach out to let us know you are interested. Our helpful Seller’s Advantage team will take care of the rest. It’s what we do best because we are the best company that buys houses in any condition!
How to Sell Your House When It’s Already Listed on the Market In Los Angeles California
Learn How to Sell Your House When It’s Already Listed on the Market
Do you remember holding onto an old card collection when you were young because it could be worth thousands of dollars? Later on, perhaps someone offered to buy your best card for a fortune, but you chose to wait. As the value of your collection dwindles, you may still think about that offer. Selling your home in 2020 is a lot like this, with many homeowners looking over their shoulder at the low interest rates and buying frenzy from just a few months ago now pulling ever further into the rearview. Every month you wait, the interest rates may rise higher alongside cost of living, influencing buyers to seek low prices instead of luxury features.
Yes. Yes, you can.
I Already Listed My House, But Want to Sell for Cash
First, we want to say “Congratulations” for breaking the mold and realizing that there are more ways to sell a house than listening to your realtor. Real estate agents are deeply entrenched in the move-in-ready competitive housing market. The interplay between families selling and families buying is what they live and breathe. In that world, they are necessary and their advice is useful. However, not all markets or homes are right for this approach.
If you aren’t getting the buyers or offers you want – or if your realtor is insisting on more home improvements you don’t want to make – you can pull your house from the market and sell to a cash buyer at any time. You have options. You can fire your agent. You can close the listing contract. You can pull your house from the market and sell it privately as is your right as the property owner. But it may take a few steps to get from listing to cash selling. That’s exactly what we’re here to help with, today.
Why Real Estate Agents are Unprepared for Current Market Conditions
The current housing market is starting to reflect recent economic chaos. The pandemic, the war, the increasing cost of living, and the rising interest rates are more than most real estate algorithms can handle. Many agents don’t know where to set home prices at to attract today’s buyers. Many buyers don’t know where they stand financially, as the cost of a non-locked-in mortgage rate changes from week to week.
It’s no surprise if you have a house on the California market that isn’t selling. Home prices skyrocketed last year, but are dropping again. The buyer bidding wars are over, and many buyers are now having trouble getting approved for mortgages at higher rates. To top it off, California real estate agents are also known for going overboard with the renovations and staging as they want to show the “best side” of your house – while your home loses value with every month that passes.
The current market is now full of homeowners who are frustrated with the traditional listing process and want to sell quickly for cash. Seller’s Advantage can do that, but your real estate agent is unlikely to be the source of your windfall.
How to Fire Your Los Angeles Real Estate Agent After You’ve Signed a Listing Contract
If your agent has not successfully prepared or sold your house – or if you are displeased with the tactics they are attempting to use, you can always fire them. If you have signed a listing contract, you will need to break it before selling – or your agent may be entitled to 3% of the proceeds in places like Riverside, Pasadena and Oxnard.
- Read the Contract for Exit Strategies – Start by reading your listing contract. Look for any quick and easy exit strategies to break the contract and therefore free yourself and your realtor from the partnership. Sometimes, this is easy and built-in. Sometimes it’s not.
- Tell Your Agent to Withdraw the House and Ask to Cancel the Contract – Get in touch with your real estate agent and ask them to cancel the house sale. Ask them to withdraw your house from MLS, cancel online listings, and to close out your selling contract. Some agents will mutually cancel the listing and your contract promptly. Some will ask for reasonable compensation for anything they spent on your listing, as you will not be paying them for the sale. Some may fight the break, but continue forward.
- Mutually Break the Contract or Wait Out the Duration – If your agent agrees, you can break the contract – sometimes with a small amount of compensation or a cancellation fee. If your agent is completely stubborn and won’t cancel your listing contract, however, you can simply wait out the duration. Most listing contracts are only a few months long, and you can sell immediately after your contract expires.
How to Sell Your LA House for Cash Fast with Seller’s Advantage
Once you are no longer under contract with your ex-agent, Seller’s Advantage can help you close your home sale for cash within a week. In fact, we can give you a quote even before your agent is out of the picture. Here’s how the process works:
- You Call, We Walk Through
- Seller’s Advantage needs just one walkthrough of your home to make a complete and fair market value offer. Because our business model is buying houses, we know a good house when we see one, and how to determine the true value of a property. As soon as you contact us, we’ll schedule a walkthrough of your house on a schedule that is best for you.
- We can even take our initial walkthrough while your home is still on the MLS if you call your real estate agent and cancel the listing contract before you ask for a cash offer.
- We Offer, You Accept
- Once we’ve seen the house, we can typically make a cash offer within the day. Because we are an investment company that buys houses in any condition that provides our own financing, our offer is always reliable and never falls through, unlike recent buyer troubles.
- If you like our offer and choose to accept, we’ll start making arrangements to make the home purchase quick and easy for you.
- We Close, You Get Paid
- We have a team of experts including legal, financial, and real estate pros who can take care of everything. You will soon be enjoying a cash deposit in the full value of your home while barely lifting a finger to complete the home selling process. No complicated closing costs, no agents cutting into your profits.
Sell Any House for Cash, Even If It’s On the Market
If you have a house on the California housing market that isn’t selling, we have the solution because we buy houses California. From homes that are too shabby to homes that are too nice for the current market, Seller’s Advantage will make sure you get a fair price and money in-hand ASAP. If your home is already listed with a Realtor you will need to contact them and cancel the contract to get a cash offer. Once that is complete, we can help you sell it with no strings attached. Contact us today to learn more on hot to sell my house fast Los Angeles or to book your initial walk through.
How to Easily Sell Your LA House as Absentee Owners
What is an absentee owner?
Absentee homeowners are very common in LA. Absentee owners are those who do not live near the homes they own and who have little to no interest in maintenance or property management. Often, absentee homeowners are too busy with their local lives, families, and homes to be concerned with distant properties. Selling the house can seem like an even bigger ordeal.
The Housing Market Hassle for Absentee Owners
Many absentee owners would prefer just to sell. Still, the housing market has traditionally been challenging for any home sale where the owner is unavailable for constant interactions with realtors, buyers, and inspectors. The home selling process takes a long time, so for absentee owners, the process seems to drag on forever. Your home may be damaged and in need of repairs. In the traditional housing market, you may even be dealing with a vacant or abandoned property, which will only make the selling process more difficult.
Fortunately, absentee homeowners and their property managers have an alternative. Selling an LA home as an absentee homeowner has never been easier.
Skip the Housing Market, Sell to an Investment Buyer
Even better, once you start the process, we’ll have it finished and a no-obligation cash offer on the table in a matter of days.
Sell Distressed LA Homes as an Absentee Owner
Another benefit of selling to an investment buyer is there’s no need for repairs or renovations. Seller’s Advantage buys as-is because our inspectors can see the potential and value of a property without the spotless cleaning and fresh coat of paint. We know that one squeaky stair doesn’t discount the whole property. We even know how to see the value in homes that are not yet cleared of belongings and those that have seen far better days. Distressed homes, damaged homes, and plain shabby older LA homes are all in our purview, and we won’t ask you to fix anything up before we agree to close.
We know that selling as-is makes life so much easier for out-of-state homeowners who want to remain absentee and local homeowners who don’t have the spare budget or time for repairs.
You Don’t Need to Fly Out to Sell an LA Home
Absentee owners often struggle to sell because they can’t make time for travel to the distant home’s location. When you sell an LA area house to Seller’s Advantage, you don’t have to fly out to meet us. With vetted online signature tools available, you don’t have to be in California to sell an LA house. You never need to be here in person, so if you’ve been putting off selling this house because you can’t make time for travel, the wait is over.
Absentee Owners Selling Through a Property Manager
Rental home property managers often deal with absentee owners, and may be asked to arrange for a quick and efficient home sale. Seller’s Advantage can absolutely work with a property manager on behalf of their client and absentee owner. In this case, the property manager can act as the owner’s proxy in hosting the one-time tour and the handing of keys and Seller’s Advantage will take care of paperwork online with the seller directly.
Getting Out of Being a Landlord Fast
Many people dip their toes into the Los Angeles, California housing market, and not all want to stay there. If you want to get out of being a landlord fast or drop a single unprofitable property without delays, Seller’s Advantage has tools and services to make this process as smooth as possible. Our team can help with tax liens, relocating tenants, and buying out your current loan so that you can get an unwanted house off your hands fast at a fair price.
How to Easily Sell an LA House as an Absentee Owner
- Reach out to Seller’s Advantage
Submit your contact information through our website form or call us directly at 1-800-208-3243. We’ll have an initial phone discussion about your home and its current condition. If you have any special scheduling needs or services you may need to complete the sale, just let us know. We’re here to make the home sale work for you at a distance.
- Have a Proxy Lead the Inspection Tour
Our inspector will need to see the house just once to make an informed offer for it’s current value. We’ll look around and determine the home’s bones, state of repair, architectural merits, and location desirability. For absentee owners, a proxy can be sent with the key or code to the lock-box to allow our inspector to walk through.
- Receive a Cash Offer Online
Once we’ve taken a look, you’ll typically have an offer in your email inbox within 24 hours or even before the end of the day. With a phone call and an email, you can decide to sell your LA property with cash in hand.
- Accept and We’ll Do the Rest
Seller’s Advantage a company that buys houses in any condition is here to help absentee owners sell swiftly and without hassle. If you don’t have time to fly out, you don’t have to. If you want to sell as-is without repairs and staging, you can. As a house buying company, we will buy LA homes in any condition on a schedule that works for you. Contact us online or call 1-800-208-3243 today to sell your house right now.
Why Selling an Inherited LA House is a Good Idea for Siblings
Inheriting a home in LA California only adds to the challenge with the density, traffic, and high cost of living for out-of-state relatives. If you want to sell an inherited house fast and have siblings to settle with, you have options to choose from.
Reasons to Quickly Sell an Inherited Home
Inheriting a house can be exceptionally sentimental. It might be the family home you and your siblings grew up in or a home you’ve visited for many happy holidays with your now-passed loved one. It can be tough to let go, but a few compelling reasons may influence a group of siblings to sell instead of keeping the house for sentimental reasons.
- No one wants to live in the home. You all have established lives elsewhere
- The home is in bad shape and would cost more to repair than the siblings can comfortably afford
- There is a hoard inside the house you just can’t tackle
- There are bad or unhappy memories wrapped up in the house
- No one can afford the property taxes and yearly upkeep
I inherited a house now what?
Why Selling an Inherited House is a Good Idea for Siblings
When siblings inherit a parent’s home, questions rise to the surface. Who will live there, clean it up, or pay for it become incredibly sticky discussions. Disagreeing over the inherited house can cause more strife than your parent would have wanted. Selling offers several benefits beyond splitting the money.
- No Buyouts Between Siblings – A buyout is necessary for any siblings to opt-out of shared ownership. But buying a sibling out of the family home is complicated and emotional. If you want to keep buyouts out of the picture, selling the property provides the best way for every sibling to have a fair share of both benefits and responsibility.
- Sell At Your Own Pace, When You’re Ready – There are two ways to sell your house. One relies on the market, Realtors, and buyer offers. However, selling to an investment buyer allows you to sell on your time whenever you are ready. This could mean selling quickly to get old memories and a leaking roof off your shoulders. Or you can take your time sorting contents, distributing keepsakes to relatives. and finding closure before closing on a sure sale.
- No Effort to Sell the House -No Cleaning, Repairs, or Staging Required – Skip the effort of preparing the home for the real state market. Selling to an investment buyer, you can skip staging, painting, and repairs; you don’t even have to remove everything. Based on your needs and the state of your inherited home, we can take care of everything from a few leftover boxes to hoarder-packed homes. You also don’t have to fight with your siblings about who will clean and prepare the house for sale.
- See Cash from the Sale Now – What your parent hoped to leave you when bequeathing the house was something of value and benefit to your lives. If any or all of the siblings could benefit from the money, selling to an investment buyer can lead to the fastest and most efficient route to cash that can be fairly split -without worrying about escrow, contracts, or mortgage approval on the buyer side.
If you decide to sell, there are two ways to sell a house. The first is to go through the real estate market with a real estate agent, cleaning, repainting, staging, and then negotiating bids with buyers until one buyer finally closes. Then there’s selling to a cash investment buyer as is, a company or individual with cash-on-hand, and a business plan that includes buying, improving, and selling or renting houses.
Inherited homes often benefit from being sold to investors who don’t require the whole move-in-ready rigmarole. Siblings have a lot to gain when selling a co-inherited house to an investment buyer. This can remove complexity, cost, delays, and drama from the equation when you can quickly get a fair price for the home in cash to share.
What Happens When You Sell an Inherited House to an Investment Buyer?
Many people wonder about the difference between selling to a family buyer vs. an investment buyer. A private sale does allow you to hand-pick the next residents in your family home. But rest assured, when you sell a home to an investment company like Seller’s Advantage, it will be the happy home of a new family.
An investment buyer is a home flipper on a much larger scale. With a larger portfolio, we have more capital available to buy homes. We will quickly take care of the repairs and upgrades to get your home ready for a new family – and relieve the housing crisis one improved home at a time.
How to Quickly and Easily Sell a Co-Inherited Home
If you have inherited a home with siblings, the selling process can be both emotional and complicated. Fortunately, a few how-to steps can help you put one foot in front of the other while tackling all the outstanding items, helping everyone find closure, and selling the home before it creates a growing maintenance cost.
- Walk Through the Home – Feel What You Feel – The first step is always to walk through the home, just once. There are emotions to process just seeing, touching, and smelling the space they used to live. Perhaps your family home or just a house they had chosen after you became an adult. If you’re out of state from the inherited house, it may be worth your while to take at least one walk through the residence of your passed loved one.
- Distribute Heirlooms and Bequeathed Items – Go through the will and the house together, distributing any bequeathed items to the intended relatives. Save heirloom collections and furniture. Rescue family keepsakes from the attic. Ensure all legal and sentimental items are claimed from the mass of daily life items in the house.
- Let Relatives Claim Loving Keepsakes – Once official bequeathed items are distributed, let each sibling claim something as a keepsake from the sentimental items and then each extended relative. A ring, a chair, or even a basket can have special meaning and provide valuable loving memories.
- Put Unclaimed Personal Items in Storage – If relatives can’t make it to claim keepsakes, or there are personal items you don’t have time to sort right now, put the home’s contents into a climate-controlled personal storage locker. This will allow you to take care of the sentimental and antique items later while dealing with the house or trust today.
- Schedule an Estimate Tour – Once the house is empty of all important items, you can call and schedule an estimate with your investment buyer. Call us here at Seller’s Advantage for a same-week visit to price the house if the home is in the LA area to sell my house fast Los Angeles.
- Accept a Cash Offer – Within a few days, sometimes within a few hours, we’ll have a cash offer ready for you to accept. On your schedule, accept the cash, sign the paperwork, and the property itself will be off the hands of you and your siblings.
Selling an Inherited Home Fast with Sellers Advantage
If you and your siblings need to sell a home fast in the LA area, Seller’s Advantage the #1 company that buys houses for cash has everything you need from fair estimates to fast closing and cash payment. Contact us today to schedule your free estimate with a no-obligation initial tour of the home. We’ll get you a cash offer you can pitch to your siblings to stop the fighting or a proposal that will satisfy a group of siblings ready to sell.
How To Avoid Foreclosure in Los Angeles
Foreclosure takes all the power out of your hands when it comes time to decide when and to whom you sell your house. However, if you take the necessary steps to avoid foreclosure, you can take back that control and get a better price for your home at the same time. You have a few options if you need to wipe out your remaining debt with the bank or get the best possible price for your house with no repairs and no time on the clock.
How can you avoid foreclosure in Los Angeles County? Let’s dive into your options.
Get Ahead of It: Approach the Bank First
The first and best way to avoid foreclosure is to get ahead. If you have financial problems on the horizon, approach your bank and let them know that you’d like to pay your mortgage but may not be able to. This flips the script. It shows your bank that you are a cooperative and responsible person, not just a “delinquent account.” You’re willing to work with them to find the solution that will limit the financial losses for everyone.
Your lending agent will then help you understand your options and pick the best path for your financial situation and your chance of repayment
Consider Alternatives to Foreclosure
Your bank will likely give you several options, though not all options may be available in all circumstances. The most common solutions to avoid foreclosure are forbearance, loan modification, short selling, and handing over the deed in place of complete payment.
Forbearance on the Loan: Repayment Terms
Often, families hit a rough financial patch when money is extremely tight, but these rough patches smooth out. The first option is usually the one the bank most prefers: forbearance. If they provide some time and patience, would you be able to get back on track by paying your mortgage in a month or a few months? Another job is secured, an unexpected insurance issue is sorted out, and money becomes available for the mortgage.
If this is your situation, ask for forbearance with a little extra time to get your mortgage back on track. Banks often prefer to provide this option to keep the mortgage rather than settle for a lesser option through foreclosure.
Mortgage Modification
Mortgage modification makes it possible to adapt your current loan to the state of your future finances. After a divorce, for example, you may drop from two to only one income covering the loan. This may result in your finances being permanently changed – but you still intend to pay the mortgage. A mortgage modification adapts the monthly payments and duration to reflect your new financial situation and make payments possible again.
Deed in Lieu
Deed in Lieu is a financial, real estate term meaning “to give the deed instead of paying the loan.” The homeowner hands the deed to their property to the bank and the bank waives the entire mortgage. It’s a way to avoid black marks on anyone’s record or an unhappy interaction between the bank and homeowner, but no other value is recouped.
This solution is most common for newer mortgages with very little equity in the property.
Short Selling
Short selling is often the next best answer if the first two options aren’t available or practical. This is the most common way to avoid a foreclosure if you can’t modify or delay your mortgage payments. Short selling means selling the house for less than you owe and paying the bank back as much as possible. Depending on your bank and the sale, you may still owe the remainder, or your bank may waive the rest to close the account.
Short selling puts the power back in your hands by allowing you to choose who to sell your house to and which offers to accept, even if you are on a short schedule.
Your Options for Selling Instead of Foreclosure in Los Angeles County
If your home is at risk of being foreclosed, your best option is often to sell your house quickly for cash to get control of the situation. You can avoid a foreclosure on your record and the stress of going through the foreclosure process by selling your home fast to a reliable buyer with cash in hand. While you may not have time to go through the usual real estate staging and open house process, you have three good options for selling fast in the current market.
- Selling as-is to a motivated buyer
- Selling as-is to a home flipper
- Selling for cash to an investment buyer
- Motivated Buyer – Don’t underestimate the power of a high-demand seller’s market. Right now, the housing market is extremely hot. Between the housing crisis and California demand, if you list the house as-is for cash, there’s a possibility that a motivated buyer with cash in hand will make a bid that will solve or mostly solve your financial problems in selling the house.
- Home Flippers – If your home is in bad shape and you need to sell as-is with no repairs, home flippers may be your best bet within your timeline. Home flippers can take a home in poor condition and take the repairs off your hands.
- Investment Buyers – Real estate investment property firms like Sellers Advantage are like large-scale flippers with guaranteed cash ready for an offer. We buy LA homes fast; no repairs, no delays. We’ll get you an online cash offer within a few days and close within two weeks. Sellers Advantage can help you short sell without hassle or worry if your home is at risk of being foreclosed on. No more waiting and hoping, you can sell it right now.
Benefits of Selling to Sellers Advantage Instead of Foreclosing
- Preserve your homes equity
- Protect your credit
- Take control of the sale
- Stop worrying about the last-minute procedure
Why foreclose when you can sell? Here at Seller’s Advantage, we make it easy for homeowners to sell with a quick quote, offer, and closing process. We’ll buy your house fast for cash, no matter its condition. In return, you can protect your credit from foreclosure and retake control of the sale of your home. Stop worrying about staging or family buyers; we’ve got you covered.
If your home is at risk of foreclosing in Los Angeles County, contact Sellers Advantage today to “sell my house fast Los Angeles“. We look forward to helping you get the best cash value for your home because we buy houses for cash.
Selling Houses That Need Work in California
A Guide to Selling Houses That Need Work in California
If your house has structural or aesthetic problems, selling traditionally in open markets might be challenging. Most buyers want to purchase a house that is move in ready and are unwilling to spend additional money and time on prolonged repairs to make it habitable.
Moreover, if the buyer’s agent perceives such issues, they actively undercut the asking price. This is even more prevalent in Southern California, due to a competitive real estate market and the above-national standards of home-buyers.
For these reasons, the easiest way to get the best value when selling a house in poor condition is to work with accredited and experienced as-is house buyers. However, it may be beneficial to consider selling to home buyers in the traditional market. Read this guide to learn more about the process of selling a house that needs work in order to make the best choice for your situation.
What Kind of Houses Need Work?
Certain aeshtetic repairs are easy, cheap, and quick. Often, owners make the fixes themselves, like replacing broken windows, cleaning, or repainting. Nevertheless, some repairs are beyond do-it-yourself projects and need licensed professionals. Here are some substantial problems that indicate a house is in poor condition.
- Roof repair or replacement: A damaged or old roof, including flashing and underlayment, might lead to water and additional structural damage
- Electrical wiring: Poor wiring is a safety and a potential fire hazard
- Visible structural damage: Events like fire, flooding, and earthquake can lead to holes, cracks, and other visible damage to floors, foundations, and roofs
- Foundation damage: When the foundation needs repairs, the house might require a costly piering and jacking process.
How to Evaluate Your Property’s Condition`
Often you can tell from a simple visual inspection if the house needs significant repairs. However, some problems are not immediately visible. You can seek the services of two or more experienced professionals and arrange a property tour at different times. Also, check the crawl space, roof, attic, and other structural parts of the house.
You can then use the inspection reports to obtain competing quotes from contractors. Your goal is to get a complete picture to draw a cost-benefit analysis.
Who Will Buy A House That Needs Repairs?
Before exploring your options, make realistic assessments on who will buy the rundown house. Most homeowners don’t want their childhood home turned into a tear down or rental, so they accept less money from buyers they feel they can trust. This is a common mistake since you have no guarantee the buyer will do what you prefer with the house. There are two types of buyers for houses that need work: homeowners or investors. Here’s a look at the two groups.
Homeowners
Homeowners purchase a house based on a long term approach of settling down and raising a family. They consider:
- External factors like the school district, security, and access to stores.
- Internal factors such as the bathroom, kitchen, and floor plan.
Investors
Investors purchase properties that need some work since they can turn them into rentals or, to a “fix and flip.” They typically aren’t looking for a house to settle down in.
How to Sell Houses That Need Work To Homeowners
Most upgrades and fixes don’t add much value to the price of homes. If you want another homeowner to purchase your house, you need to perform an analysis to determine how to get it ready. Below are the steps for selling to homeowners.
- Get Expert Opinion
The first step is to get advice from experts on how to get the house ready.
Real Estate Agents
You can call various agents to ask for:
- Comparative Market Analysis or CMA to determine how much the house can sell on the market without fixes and upgrades. The agent considers the latest sales in the neighborhood and compares your home to recent transactions. They also consider other tangibles like the type of kitchen counters and flooring.
- List of other comparable upgrades. If it’s not contained in the CMA, you can ask your agent to list comparable amenities in your neighborhood. For instance, if all houses sold the previous year had wood flooring, sport shag carpets might decrease your home value.
- The value such upgrades add to your home
- Other advice on how to sell your house fast for cash
Home Inspectors
The buyer will have a professional home inspector go through the house. To preempt this, you can hire an inspector before selling. Then, if they find any game-changers or safety issues, you’ll know earlier and get the property all fixed up.
Contractors
Once you get information from the home inspector and realtor, you’ll have an idea of the kinds of upgrades and repairs you need. Call specialized subcontractors or general contractors for bids on fixes and upgrades to the house.
- Do the Math – Finally, look at your repair costs and compare them to the extra value the realtor estimates it will bring. For instance, when it takes $10,000 to replace the roof which only increases your home value by $5,000, it is best to avoid the remodeling project.
- Make Necessary Repairs – In most cases, it is worth doing upgrades or repairs. Most home-sellers imagine the need for a few fixes to increase their home value or are embarrassed by the house’s appearance and perform DIY projects. Instead, hiring professionals saves you time, as you don’t want the house to sit another month as you do minor repairs. It is best to stick to expert advice and analysis.
- Focus On Homeowners as Buyers – Finally, keep in mind your target buyers. You need to remove as much clutter and furniture as possible so that they can imagine themselves in the house. They need to see kids swinging in the backyard and riding bikes on driveways. Also, you want the clients to envision themselves snuggling up in the family room watching TV or hosting parties. Below are tips to help you achieve that:
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- Clean the house
- Get rid of unnecessary stuff
- Mow the yard
- Highlight positives
- Be honest about the work needed
How To Sell Homes That Need Work To Investors
You can sell your house to an investor when you need a fast and straightforward offer for cash, or if it’s too damaged to be appealing in the market. This is because no matter the condition of your asset, there are investors that will make offers.
Selling the House “As-Is”
Technically, if you list the home “as-is,” it means you sell as-is to a company that buy houses in any condition and don’t make any repairs. Below are some tips to determine the best price when selling your home as-is.
- Determine After the Repair Value of the House – The first step is valuing the as-is property for an idea of what the home is worth when you do all the needed repairs. You can check online for the quick value of properties.
- Estimate What Repairs and Updates Will Cost – Offline and online guides for individual repairs help you approximate the costs.
- Determine the Fair Value of Your As-Is Home – If light updates or repairs are needed, you might list the house for sale online. However, when major repairs are needed, you can save money and time by contacting cash home buyers in Los Angeles California. Besides, realtors also turn to them when selling homes that need extensive repairs.
- Determine If It Is Worth Repairing the House – bTo the cost of repairs, add escrow fees, inspections, buyer concessions, appraisal costs, and other expenses related to the sales. In most instances, the added fees account for up to 12% of your home’s sale price.
Conclusion
It can be demanding to sell a home that needs work. In most cases, remodeling doesn’t pay back the original investment. Each type of cash home buyer looks for different things, and it’s best to consider both when getting the rundown house ready for sale.
The good news is that Seller’s Advantage can provide hassle-free, quick cash offers for your property without costly and prolonged negotiation for repairs. You can close within 10-14 days in Ventura, Los Angeles, Riverside, and Costa Mesa. Contact us today to begin the process.
How to Sell a Fixer-Upper Home in Los Angeles
Let’s face it, LA has pretty steep expectations when it comes to the housing market. Prices are high, competition is intense, and every buyer expects the Hollywood experience no matter how modest the neighborhood. Of course, actually owning a house in LA doesn’t mean automatic ‘glam’. Homes fall into disrepair over time. Storms and accidents can cause serious damage. Unnoticed issues can become big problems and pretty soon, your house is a “fixer upper” instead of move-in-ready mansion.
Realtor vs Reality
If you’re looking to sell a fixer-upper home in LA, chances are that your real estate agent has made some pretty big demands. New roof, new appliances, new floor – and that’s just to reach their standards for modern buyers. After all, real estate agents are competing with each other to sell the most homes at the highest prices. But what if you just want a shabby LA home off your hands? What if you’re trying to sell an LA house while out-of-state? What if you don’t have the thousands of dollars for renovations and redesigns before putting your run-down house on the market?
The fact is that your realtor is out-of-touch with reality – and the big picture of the home buying market. Real estate agents mainly focus on selling homes to individual buyer families, which means getting the house as polished and perfect as possible. If you can’t do that, however, you have options your agent may not have mentioned. Your real estate agent might be upset, but you don’t actually have to fix-up a fixer-upper to sell it in Los Angeles. There are other buyers who will do that for you.
Selling an LA Fixer-Upper House the Fast Way
While your realtor may be saying that the fix-up is on your shoulders, it’s really not! The fastest way to sell an LA house without repairs is to sell to a buyer ready to do the repairs themselves. Investment buyers are also more prepared to make an offer and close quickly without the endless rounds of negotiation or haggling down the price. If you want to get a shabby LA house off your hands quickly, selling an investment company is a great way to do that and you’re in luck because we buy houses Los Angeles.
Benefits of Selling Your Run-Down LA House to an Investment Buyer
You don’t have to convince another family to buy your eyesore house or take on repair costs on their own. Instead, you know a company with a solid fixer-upper business plan is taking on the responsibility, hassle, and time-consuming repairs so you don’t have to. Here at Seller’s Advantage, we’re proud to serve this important function in the housing market, taking shabby houses back to family-ready without a burden on the sellers or the next residents.
What are the other benefits of selling a fixer-upper house in Los Angeles to an investment buyer?
Sell Your House Without Doing Repairs
Don’t worry about repairs. You can sell your house quickly without performing a single repair. You can even sell a house that’s still full of stuff you don’t want, or things that were water-damaged when the roof leaked. Selling as-is means exactly that. We’ll buy your house no matter what state it’s in with a quick cash offer. No need to fix the roof or repair the pool, we’ve got that part already planned for and covered.
Sell a House Fast at a Good Price
How do you sell a damaged house at a good price? Your real estate agent may be focused on losing that “best price offer” by not doing repairs, but your real concern is just getting a fair price for the property when you get it off your hands. A cash investment buyer like Sellers Advantage will do a quick appraisal and offer you what the structure and lot are currently worth. You can stop worrying about potential market value and low-balling scam artists. With an investment buyer, you can walk away with a cash offer on the home’s value as it is right now.
Get the House Off Your Hands Without Hassle
For many people looking to sell a Los Angeles home that needs repairs, you just want to get the house off your hands. Maybe you don’t live there anymore. Or maybe you want to move away as fast as possible. You might have inherited the house or need to sell the house as part of your next financial move. When you want to be free of an old house, a quick sale to investment buyers is the fast, easy, no-hassle way to close the sale without the LA housing market song-and-dance.
Know Your House will be Family-Ready Again Soon
You can trust that investment home buyers have a plan for your house. Most of the time, that plan is actually to do everything you don’t have time for. We’ll apply our capital and expert teams to bring your house back to move-in-ready for a new family. You can rest assured that your house will be helping out the housing shortage soon, but you don’t have to be the one to handle all the repairs to make that happen.
Selling a Fixer-Upper When You’re Out of State
Last but not least, you don’t even have to be in town to sell your LA house to an investment buyer. If you need to sell my house fast Los Angeles while out-of-State, Sellers Advantage makes this quick and easy. All you need is one person who can give us the tour and the keys – we’ll take care of the rest. You can receive your cash offer and correspond online so that the home sale practically takes care of itself. No need to fly in or risk travel during these high-risk times, we buy houses for cash and take it off your hands even if you can’t be here in person.
Sell Your Fixer-Upper and Move On with Your Life
- Fill out the contact us form or give us a call at 1.800.208.3243
- Schedule a no-obligation home inspection and appraisal with us.
- Accept our cash offer and close within days!
Ready to learn how to sell a fixer upper house fast? Contact us today!
Selling a House in LA With Code Violations
Code violations mean that a home has substandard features that require correction. Such violations include abatement citations, health and safety, noise, and zoning. Violating these codes harm homeowners, neighbors, and the general environment.
Thus, home codes exist for overall protection. Violations indicate that a home is potentially dangerous to the community, which can prevent anyone in their right mind from investing in the property.
Although buyers are much less likely to purchase homes with code violations, it is still possible. Selling a house in LA fast with code violations does not have to be complicated. All you need is to understand the codes a home has violated and settle a deal that works for everyone involved in the purchase. Here’s a closer look at the process:
Understanding Violated Home Codes
The Los Angeles Department of Public Health (LADPH) ensures that your house poses no health threat and safety hazards to anyone on the property. Meanwhile, you should also work with the Los Angeles Department of Building and Safety (LADBS). This office ensures that your property meets all house codes under California law.
Should these offices determine anything amiss, the city may charge certain fees to correct any violation. The fines that accrue on your property make it easier to identify which violations to prioritize remedying, thus making your house more marketable.
Consider prioritizing late fines to avoid further accrual. Try paying off violations as soon as the city identifies which fees are overdue.
Disclosing Information to Buyers
Part of understanding the home codes you may have violated includes letting potential buyers know about the fines attached to houses in violation. You must disclose such knowledge before the buyer closes on a purchase. Failure to disclose code violations may result in a lawsuit.
California is among the states that require house sellers to disclose all issues involving the property for sale. Before you sell my house in California for cash, you must list down all house-related problems in writing. Simply fill out a mandatory disclosure form, identifying every defect and malfunction your house may have.
With this form, a buyer can decide whether or not to purchase your house despite all the defects it may have. Some buyers may overlook such malfunctions if they find that they are simple enough to solve on their own. On that note, consider sorting out the simple issues yourself, such as the plumbing and electrical wiring.
Homebuyers are more likely to close a purchase on a property with as little damage as possible. If you fix the minor issues before selling, you can leave other code violations for the buyers. Of course, you would have to settle an agreement with potential buyers regarding such violations with which you leave them.
Crafting a Deal That Works for Everyone Involved
When selling a house in LA with code violations that you opt-out of remedying, you must compromise. Here are two options that many California home sellers tend to choose:
Selling Price Slash
Selling your home with violations at its full market price is unenticing. By slashing its selling price, you give your buyer a chance to save some money. They can use this extra money to sort out the violations and settle the incurred fines.
Consider slashing the selling price as a discount. If you leave a house with expensive violations attached, a buyer may opt for one without any violations. Fines and violations tend to overflow and may cause more losses on the buyer’s side.
Discounts can be enticing in any purchasing situation. You may convince potential buyers that the price slash fairly covers the costly violations your home may have.
Selling at Market Rate
You could sell your home with violations at market rate, but you would have to offer to settle the code violations once a buyer closes. This option would prove that the amount you would otherwise slash from the market price would sort the expensive violations.
Buyers may request a written agreement where you explicitly state your intentions with this full market price. Once you receive the cash, be sure to fulfill your end of the deal and report success to the buyer. You might consider this option if you currently lack the expenses to sort the code violations your house may have.
Selling a House in LA With Code Violations As-Is
Our process is for anyone looking to sell their house fast. We have bought homes in any condition over the last few years. We buy homes as-is in just a few days, guaranteeing quick money for sellers.
We are confident with our A+ rating from the Better Business Bureau, establishing our business as one of the best home buyers. Get a free, no-obligation quote on your Los Angeles house for a fair cash offer today.
Sell Your Los Angeles California House During Bankruptcy
Sell Your Los Angeles House During Bankruptcy
You may be wondering whether you ought to sell your house during bankruptcy in LA. After all, it’s a viable option that can make it possible for you to survive financially challenging times. In this article, you can discover the many reasons why it is a wise decision to put up your house for sale and who can help you sell it for a fair price.
Reasons Why You Might Consider Selling Your House During Bankruptcy
You may be on the verge of filing for bankruptcy because of the following reasons:
- Unemployment – It’s possible that you have lost your job because of a recession or other struggles. Whether you got laid off or your company went out of business, unfortunately, being unemployed is difficult since it can exponentially increase your financial troubles.
- Overwhelming Bills – Pending bills can be overwhelming, especially if they have piled up over time. Your electricity or water supply may even be cut off if you are not able to pay your bills consistently.
- Massive Debt – Borrowing money may seem like an instant solution that can help you weather financial problems. However, you may start drowning in debt if you do not have enough income to pay your loans on a regular basis. Over time, the interest will accumulate, leaving you with a massive amount of debt.
Why It’s a Smart Idea To Sell Your LA House During Bankruptcy
In spite of the advantages of a property sale, it’s understandable if you are having second thoughts about selling your home either because you are personally invested or all the memories that are attached to it.
Nevertheless, selling your house at a fair price is a much better alternative than practically giving it away for an insufficient amount or having your property foreclosed by the bank once you fail to pay your mortgage. The money you receive from this will allow you to get back on your feet and achieve financial freedom in the future.
Who Can Help You Sell Your House During Bankruptcy
Seller’s Advantage makes it possible for you to quickly sell your house in Los Angeles and other areas in Southern California like Riverside, during financially challenging situations. There’s no need for you to wait for potential buyers to process their loans or to scour for the best interest rates.
Our family-owned company is based in Irvine, CA. We aim to maximize your profits while minimizing the typical hurdles that are commonly associated with house sales.
Why Seller’s Advantage Is Superior To Other Companies
There are several reasons why you should choose Seller’s Advantage over other real estate companies in Southern California.
We Feature a Fast Buy and Sell Process
We expedite home sales in Los Angeles and other nearby neighborhoods in a swift, efficient manner.
Our company specializes in investing in houses that need to be sold immediately, and that’s why we are experts at closing real estate deals in the shortest time possible. We will give you a cash payment once the deal is closed so you can start reaping the financial benefits immediately.
We Buy Houses California That Need Work Or Repairs
Our team at Seller’s Advantage purchases a variety of homes, ranging from pristine brand-new houses to old, worn homes. We believe that every residential property is a worthy potential investment.
As such, we are ready to buy your house in any condition. We are prepared to address structural issues, repair mechanical problems, and inspect the premises for termites and other pests that may damage your house down the line.
- We Handle Complex Paperwork – Our company allows you to save time and effort associated with processing legal documents. We are equipped to handle the complicated legal paperwork on your behalf. As a result, we simplify and shorten the buy and sell procedure for you.
- We Help You To Avoid Hassle – Seller’s Advantage gives you the chance to avoid the hassle involved in selling your house in the real estate market. If you utilize our services, there’s no need for you to search for a reliable agent, welcome strangers inside your home during open houses, deal with contractors, manage costly repairs, pay the home selling fees, or wait for the sale to push through.
If you’re thinking about trying to sell my house fast for cash home, Seller’s Advantage is ready and willing to purchase it as-is. Best of all, we will ensure that you will receive a substantial cash payment that makes selling your house more than worth it.
Call us now at (800) 208-3243 to speak with our friendly, professional team. Enter your home address at our website to get a free, no-obligation quote. You may even receive an offer to sell my house fast Los Angeles in 24 hours or less.
How to Sell California Real Estate After You Move Away
How to Sell LA, San Diego and Bay Area CA Property After You Already Moved
Real estate and your life plans do not always align. The market may be in a bad place, or a buyer may fall through, but your life plans roll on. If life has taken you away from your real estate, it may be necessary to sell in absentia, remotely from your current location.
“I moved out of LA County and still have real estate I need to sell” this is a common situation we hear from local homeowners, often over the phone or through email. Life can take you away from where you call home. A job might start before you have a chance to sell your real estate. A family obligation might pull you away from tying up your loose ends in California before moving away.
If you have to sell a house but can’t be present to manage the process, what are your options?
How to Sell Los Angeles County Houses While Living Somewhere Else
- Designate a Proxy
- Find Remote Home-Selling Teams
- The Slow Market Approach
- Sell to an Real Estate Investor for Cash
Designate a Proxy to Do Your Local Legwork
Your best option when selling real estate from a distance is to designate a proxy. Find someone you can trust and who understands property sales to handle the in-person aspects of selling the home. This person is who will meet your trades teams for repairs, renovations, and staging. They will meet with the real estate agent, show around buyers, and call you during negotiations.
Of course, if you don’t have an LA, San Francisco Bay Area, or San Diego friend available for this role, you may be able to hire an inspector or remote selling alternatives.
Work with Teams Who Can Manage Remote Home Sales
Some teams are better at working with remote homeowners than others. You may find trades teams with good online support or a buyer who is apt at negotiating through email. Your best experience will be with a home-selling or home-buying company that can take care of the entire process with minimal contact from you. This will allow you oversight over your home sale without needing to travel back to LA County or constantly resolve problems on the phone.
Selling Slow for a Fine-Tuned Price
If you are focused on getting the highest possible market price for your home, if you’re looking forward to overseeing extensive renovations or look forward to buyer bidding wars, find a real estate agent who is capable of handling a remote homeowner. They will walk you through the slow, careful, and often investment-heavy path of staging your home and selling it for the highest possible price that can be found from desperate buyers.
Selling Fast for Guaranteed Cash
If you need to sell your LA County property quickly with guaranteed cash — no buyer banks falling through at the last moment — then the answer is to sell to a home-buying firm. Investment companies and home flippers specialize in buying quickly for a home’s current value – at the convenience of homeowner sellers. Sell your LA house without delays at the property’s worth and don’t worry about repairs, staging, or courting buyers.
Why It’s Easy to Sell Remotely to Investment Home Buyers
- No Fees
- No Banks
- No Repairs
- No Hassle
- No Comissions
- No Surprises
Here at Seller’s Advantage, we buy homes in as-is condition, meaning you don’t have to repair a single thing or repaint a single wall. We can tell the value of a home without the spruce-up. For homes already in great shape, we can quickly purchase it for cash and take care of all that pesky buyer/renter hassle for you. For homes that are in bad shape and need repairs before they are market-ready, we’ll proudly take the role of home-flippers and handle renovations, so you don’t have to.
It’s easy to sell to us because we go out of our way to make it easy. You don’t even have to be present for our team to conduct an inspection, make an offer, pay in cash, and streamline the deed & title transaction.
Our 6-Step Process to Easy Home Selling in California for Out-of-State Residents
How does selling to an cash home buyer work? The process is easy, with only one visit to your property to do a full assessment and provide a firm offer on the house. You can even sell your house while remaining remote, you don’t need to meet us in person near Riverside for our team to successfully buy your house, pay you in cash, and smoothly manage the ownership closing documents.
Here’s our six-step process for easily selling your home nearby or from your new distant location.
- Contact – Let us know you want to sell a home! We can’t get started on your offer unless we know you’re looking to sell. Head over to our online contact form and let us know which home you’d like to sell along with other pertinent information. Otherwise, call 800-208-3243 to talk about your home selling plans with a live person if online forms aren’t your thing.
- Initial Phone Call – If you don’t call us, we’ll call you. During our initial phone call, we’ll help you walk through the details of your home along with any maintenance concerns, history, and your need to sell remotely from outside LA County. Don’t worry, we’ve worked with many remote sellers before when time just doesn’t lend itself to a leisurely home sale.
- Call Back Estimate – After our initial conversation, we’ll do a bit of research on your home. Using our extensive resources and your disclosed information, we will determine the general value of the home and any potential costs before we can get it back on the market. From these calculations, we’ll make an estimate. Once we have an estimate, we’ll call you back with ballpark numbers for your home sale.
- On-Location Meeting and Offer – We will send a representative to tour your property and to get a feel for the home. Fortunately, you don’t need to be there in person. With a proxy, an agent, or just a property lock box, we’ll explore the property and take notes on the general state of the home. This will influence our final offer as we complete our assessment of the house. When the walk through is finished, it is very likely our team member will provide an offer that same day to you via email or phone.
- Review the Offer – Now it’s your turn to think and take action. Once you have been provided the offer, there is no negotiation like with typical selling. Decide whether you like the price and if you want to accept the offer. Take your time in making a decision.
- Acceptance of Offer – When you’re ready to move forward and get your cash, let us know that you accept the offer. From this point, we will deliver you the money and help you to smoothly manage ‘closing’ through the title’s office and other real estate authorities.