How to Prepare For a Home Buying Offer In the Los Angeles Seller’s Market

Jun 3, 2021 | Information and Insights

If you are selling your Los Angeles house in a seller’s market, you’re probably expecting to get an offer very soon… but once you get an offer, what should you do? In this article, you’ll read how to prepare for the home buying offer in a seller’s market in Los Angeles…

In a seller’s market, you’re almost certain to get an offer on your house. But what should you do when you get an offer? Do you just accept it? Do you negotiate? How? What should you do?

When it comes to accepting offers in a seller’s market, it’s best to be prepared. Here’s how to prepare for the home buying offer in a seller’s market in Los Angeles…

How To Prepare For Your Home Buying Offer In a Seller’s Market In Los Angeles

First, decide on the criteria that you want in the offer.

Ask yourself what’s most important to you. For example, do you want to sell quickly and get a fast possession date? Or maybe you want to get a high selling price. Yes, both of those might be important to you but one of them will be more important, so determine which is most important for you.

Second, think about what you want for a bottom-line price.

In a seller’s market, you may get a higher price than your bottom-line price but it’s also very common for property owners to accidentally over-estimate the price they think they’ll get on their house. Therefore, determine your bottom-line price. Chances are, you’ll get an offer somewhere between your bottom-line price and your preferred price.

Third, think about the possession date you want and consider any flexibility you have.

Prepare For The Home Buying Offer In A Seller’s Market You might want to move right away, for example, but you could potentially open yourself up to better offers if you don’t press for a specific possession date but instead find out what buyers are willing to offer.

Fourth, remember that you’re still the seller.

Even though it’s a seller’s market, remember that the buyer is still the one with the money and they could decide to buy a different house. Decide which terms and conditions are absolutely imperative for you and which ones you’re more flexible on. That way, if a buyer has all the money and no contingencies and is willing to close within your preferred timeline, you can work with any conditions they may have.

Summary
In a seller’s market, it’s often thought that the seller has the advantage but there are times when you might want to sell now instead of putting your house up for sale, cleaning it up, and seeing what buyers will offer.

That’s why we offer a house buying service at John Medina Buys Houses. We’ll give you a cash offer on your California house. Just call our team at (310) 928-9688 or click here and enter your information on the form, and we’ll be in touch.

Let Us Give You a Cash Offer on Your California House!

Fill Out Our Online Form

First things first, reach out to us. When you visit our website, make sure to fill out our short online form and include all the essential details, such as your name, address, and contact information. Alternatively, you can also call us at (310) 928-9688 to learn more about our services and share your information with us. From there, we’ll handle everything else and get the process going.

Get Your Cash Offer

Once we’ve received your request for a cash offer, we’ll get back to you and schedule a convenient time to inspect your house. We’ll do a thorough walkthrough to gauge the condition of your house and provide you with a fair and competitive price. Keep in mind that this is not a showing. You don’t need to decorate, clean up, or repair your home before our visit. We are more than happy to buy your property in whatever condition it may be, good or bad. .

Why Wait? Get Paid Now

If you’re happy with our offer, we can set up a closing date at your next available time and you will receive your payment then. It’s as simple as that!

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