Los Angeles County’s real estate market can be volatile. What was once a thriving market a few months ago can turn lethargic overnight. Los Angeles’ current housing market is in unforeseen territory right now. That’s thanks to the response to a global pandemic, depleted job market, and an upcoming election season. California’s unemployment rate is at a staggering 15%. The stay-at-home orders in July essentially froze the housing market and concerns over COVID-19 are still looming large. Some would-be home buyers are taking the “wait and see” approach, choosing to wait until next year (or even longer) to make a move on buying a new home. No one is sure is the housing market is going to boom or experience a big crash.
That’s leaving a lot of sellers in crisis. Many sellers need to sell their Los Angeles homes as quickly as possible, but if there are no buyers, that means their property could be sitting on the market for months (or longer!). Meanwhile, the property continues to drain their bank account and put a strain on their finances. They are desperate to find a way to sell their home fast, but what can they do?
Seller’s Advantage has some suggestions for speeding up the sales process. We also have the secret for selling your Los Angeles property today.
ARE YOU STUCK WITH A PROPERTY YOU NO LONGER WANT AND NO ONE WANTS TO BUY?
Just because buyers are choosing to wait to buy doesn’t always mean you can choose to wait to sell. People who need to sell their home now have a valid reason to do so. That might include:
- Going through a divorce and need to split the assets in the home (probate)
- Moving for a job offer and need to free up the cash in your home
- Inheriting a house that you can’t afford to fix up or keep
Whatever the reasons, if you need your Los Angeles property to sell quickly, it can be stressful waiting for a slow market to bring a buyer to your door. If you want to bring in more potential buyers, you’ll have to make sacrifices to get an offer.
WHAT YOU NEED TO DO TO SELL A PROPERTY QUICKLY IN LOS ANGELES
If you are really motivated to sell, there are some things you can do to increase your chances of getting an offer. One thing to keep in mind, though, is that even once you have an offer, it takes about 30 to 40 days to close. That’s if everything goes smoothly, too. A lot of initial offers will fall through when it comes to financing. However, if you do these things, it may help you find a buyer faster.
PRICE IT UNDER MARKET VALUE
Lower prices will bring in more offers. If you price it too low, though, you may end up scaring potential buyers who are wary that the price is too good to be true. They might not want to put in an offer on a house they assume is falling apart, even if it’s actually in great condition.
DO ALL NECESSARY (AND SOME OPTIONAL) REPAIRS
People love buying homes that they can personalize but that doesn’t need any major repairs. You can invest your money and time into getting all those jobs done, including a few that aren’t really needed. Things like a new roof, new water heater, and new appliances can be a big draw to potential buyers. Unfortunately, they will be a big drain on your bank account first.
THROW IN LOTS OF EXTRAS
Buyers are more likely to show interest when they feel like they are getting lots of value for their money. That might be a carpeting allowance or including the patio furniture in the deal. If they ask for it, give it to them if you can. Do what you can to make it a good deal for them, but be aware it could mean more money out of your pocket.
The problem with all of these suggestions is you could end up investing a lot of your own money before you can complete the sale of a property. How much you lose will depend on how much you are willing to spend and how long you want to wait.
These aren’t your only option for selling a house fast in Los Angeles, though. A lot of sellers are finding that the quickest way of selling their home is also the most convenient. That’s working with Seller’s Advantage.
THE QUICKEST WAY TO SELL YOUR LOS ANGELES HOME OR RENTAL PROPERTY
SKIP THE TIME, MONEY, AND HASSLE AND SELL TO A CASH BUYER
If you aren’t getting an offer on your home, consider getting a quote from a cash buyer. This is the fastest, easiest way to sell your home, even in an uncertain market. Here is why it works:
YOU DON’T NEED TO DO ANY REPAIRS.
Cash buyers will buy your property as-is and do the repair work themselves. That can save you thousands of dollars in material and labor costs as well as shave months of time off of your sale.
THEY CAN MAKE YOU A CASH OFFER THE SAME DAY.
Cash buyers are investors with money in the bank ready to buy your property. So after an initial assessment on the property, they can make you an offer online right away. There is no need to wait for a qualified buyer to show up.
IT’S GREAT FOR OUT-OF-STATE SELLERS, TOO.
If you own a property in Los Angeles that you need to get rid of fast, a qualified cash buyer can close on the property without you needing to travel. That cuts down on your personal expenses and can save you money.
READY TO SELL YOUR LOS ANGELES HOME TODAY?
Seller’s Advantage can make a cash offer on your home right now. There is no need to sit around and hope for an offer on your home or rental property any longer. Instead, you can sell your home fast and get the money you need from it sooner. The process of selling your home fast in Los Angeles has never been easier. Here is how you can do it in three easy steps:
- Fill out the online form or call Seller’s Advantage at 1.800.208.3243
- Schedule a no-obligation home inspection and appraisal with our team
- Accept the cash offer and close within a matter of days
Don’t wait for months to get an offer and more time hoping for it to go through. Working with Seller’s Advantage means you skip the financing process and move right to the sale. It also means you are working with a trustworthy and reputable company. We have experience in buying properties from Los Angeles homeowners and doing it fast.
Ready to sell your Los Angeles property today? Get your free, no-obligation cash offer from the Seller’s Advantage team today.