Yes, Local house sellers are still getting cash for houses in Los Angeles CA even in this real estate market. Years back, selling a Los Angeles house for cash was quite easy and fun.
All you had to do was hang a “For Sale” tag on your front yard and wait for potential buyers to call you… and sometimes you’d get 5 above asking price offers before dinner time.
However, in today’s tough economy, coupled with an unstable (but stabilizing) housing market, just about everyone from homeowners to real estate investors and agents are having trouble when it comes to selling houses fast in some parts of the local market.
Throughout the country, more and more homeowners are seeking to sell their homes fast thus creating stiff competition in the market.
However, if you are trying to figure out how to you can get cash for houses in Los Angeles CA, then you should not lose hope, especially if you know what you can control; and there is a lot that you can control.
Here are a few tips that can help you sell your Los Angeles CA house for cash in the shortest time possible…
Getting Cash For Houses in The Los Angeles CA Area
There are a few viable options when you’re selling your Los Angeles CA house for cash in today’s market… and I’ll walk through some options here in this article. Hopefully by the time you get to the bottom of this article you’ll have a pretty darn clear picture for the options you can go after to sell your house fast without hassling with a buyer who has to get a loan from a bank… that may take weeks or months.
Do not be carried away with emotions
When you are trying to sell your Los Angeles house fast, you must start off by taking complete charge of your emotions. When your life and money, or both, are tied up in the house, it is quite easy to succumb to the power of emotions when selling your house. However, you need to know that you will be able to make a wise decision and get the best deal when selling your house fast if you take a logical approach to the task at hand.
Know your competition here in Los Angeles and your neighborhood
While trying to sell their CA houses fast, most homeowners place a “For Sale” tag in their front yards blindly without doing a prior research of the prevailing market prices. Remember, every buyer wants to get the best value for his money… but some house sellers can wait the 3-6 months to sell that it may take for a full price buyer to come along… while other sellers need to sell immediately.
So if you need to sell immediately… see what the other houses in your neighborhood that are similar to yours are listed for (or just sold for)… then look and see how long they took to sell. If you can’t wait that long… how much of a discount are you willing to give the cash buyer in order to attract them to buy your house quickly?
As such, potential buyers will be doing a thorough research in order to find the best house that suits their budget and needs. To help you out, you need to know what the other sellers are offering in order to know how to quote your house competitively.
Objectively asses your situation and property
It is important that you establish whether your house can compete effectively with what other sellers are offering. It if cannot, then find out if you can make a few repairs to make it competitive in the marketplace. If this is necessary, you need to create a budget and timeline during which you will renovate your house before putting it up for sale if you’re going to try to sell it to a “retail” buyer (someone who plans on living in the house).
However, if you do not have the finances or time to repair the house, you can still sell it fast in “as is” state. That’s actually what we do here at John Medina Buys Houses. We buy Los Angeles houses… we pay cash… we can close quickly… and you won’t have to do any repairs at all.
Give us a call at (310) 928-9688 if you need to sell fast... we can make you a fair all-cash offer within 24 hours. No obligation or hassle at all. Take the offer, chew on it and decide if it’s right for you.
Get the pricing right
Most local Los Angeles CA home sellers fail to sell their houses fast because they are asking for too much.
Be sure to talk with an experienced real estate agent in order to give your house the right valuation so you know what you may be able to sell it for if you list it with an agent. If you can wait the 3-6 months to sell to a full priced buyer… awesome! Price it high and see what you can get!
If you have to sell your house fast… you’ll need to price your house more attractively and be willing to negotiate on price.
There are several reasons why you may want to get cash for houses in Los Angeles. It could be due to a pending foreclosure, a recent divorce or death in the family or the need to downsize to save money. Regardless of your reasons, these simple tips can help you sell house fast at a competitive price.
We here at [company] offer cash for houses in Los Angeles. We’re local buyers helping local home owners sell their house quickly with no hassle.
We either hold these houses ourselves or remodel and fix them up for someone else who would love to live there and enjoy the home themselves.
If your Los Angeles CA house qualifies, we can you make a quick and fair cash offer.
Ways to sell your house
So, you may be wondering how to sell your house in Los Angeles and get the best benefits? Well, everything will depend on your needs and what you are willing to accept for your property.
You can sell your property in the market by listing it, you can hire real estate agents to help you during the sale process and take photo sessions at your house to advertise it.
This is the most traditional way of selling on the market, and there is nothing wrong with it, but it is not always the best option for all homeowners. This option can take a long time to get a qualified buyer willing to buy at full price, and it is very difficult for such a buyer to want to pay full cash.
If you have no problem with waiting times, you can consider this option, but we remind you that it is a somewhat expensive option in the long term.
You will have to make a lot of expenses to present an optimal property for the market, and then you will have to spend more to sell it.
You may have a house in good condition that does not require many repairs and from which you can get enough money, in that case we recommend you evaluate the expenses compared to the waiting time so that you are sure not to lose too much money.
Of course, this option is not highly recommended to homeowners in poor condition, or who require excessive expenses in repairs, remodeling and cleaning.
You could also sell your house by hiring only a real estate agent, without too much advertising expense. But again, this way of selling takes a long time to reach really interested buyers who can pay full cash and value.
You could sell your home on your own by placing a FOR SALE sign on your front yard or front door. This is a viable option too, especially if you don’t want to spend too much money on advertising, agents, or commissions.
In this case, you must bear in mind that the waiting time for the sale of your property will be even longer, since you will not advertise. It is basically praying and waiting for a buyer to be attracted to the house or the price, so consider lowering the price a bit to be a little more competitive and be able to sell a little faster.
If you are considering selling your house on your own, we recommend you get very good advice and ask a real estate agent for help to correctly determine the value of the property. Be patient and prepare for months of waiting.
Now, if what you want is to sell quickly and get your money in cash, without long waiting times or expenses in commissions, agents or repairs, then we have the option for you.
Selling directly is a very popular alternative lately, in which you contact the buyer directly without intermediaries. What does this mean? It means you don’t have to pay a real estate agent or spend on advertising, since you can sell directly and for cash to investors in Los Angeles like us.