The Best Ways To Save Money When Selling Your Property In Los Angeles

Nov 11, 2020 | Sellers

Selling your house doesn’t have to break the bank. There are many ways you can save money when selling your house in Los Angeles. We have put together a few of our favorites in our latest post!

You might think that selling your house in Los Angeles will be a stressful, expensive, and complicated situation. However, it doesn’t have to be that way. By knowing a few tips and tricks, you will be able to save a fortune on the sale of your home. Keep reading to learn more!

Sell As-Is

While it may not be pretty, selling your house as-is can save you a fortune on repairs and upgrades. You won’t have to deal with any costs or expenses getting it ready for the MLS. There are many investors out there who are looking for a house they can renovate for a profit. These buyers can act quickly and help you avoid repair costs, commissions, wasted time, and other agent fees. There are other buyers looking for a home of their own. They are willing to take on a house that needs some work in order to receive a lower final sale price.

You can also choose to work with a professional homebuyer such as John Medina Buys Houses. Because of the high volume of homeowners we work with, we are able to provide top of the line offers and impeccable service. We know the process and have developed streamlined and efficient systems to help you sell your house fast!

Sell On Your Own

A “for sale by owner” listing or FSBO can be a great choice for some properties and situations. It can save you money and put you in control of the entire process. This can be a double-edged sword. On one hand, you’ll save on the commission costs and other agent expenses, but you will also be the one doing all the work. Answering questions, showing the property, marketing the house, and handling the paperwork will all be up to you. It can be a lot of work, especially for those without a real estate background. In most cases, an FSBO can be risky and should only be handled by a pro.

Negotiate Commissions

If you decide to hire a Los Angeles real estate agent to help you sell your home, find out up front what your costs will look like. Make sure you know what is included with your listing agreement so you aren’t hit with surprise marketing fees or administrative costs after the fact. Try to negotiate your commission to a lower rate if possible. There might be a hungry agent out there, confident they will be able to sell your house quickly, so they won’t mind the lower commission.

Credits

Instead of spending your time and money updating an old kitchen before selling the house, consider offering buyers a credit towards making renovations of their own. Not only will they appreciate the funds, but they will likely enjoy the fact that they are able to pick their own finishes and design things as they wish. Remember, taste is subjective, and not everyone will agree with the things you like. When you spend a fortune on renovations, you run the risk of putting off some buyers who may have been interested otherwise. Plus, construction costs can add up to more than the original estimates. If you choose to make the upgrades on your own, you run the risk of going over budget.

DIY Where Possible

Do you have a great camera? Maybe you consider taking the listing photos on your own instead of paying hundreds or thousands to a photographer. Or maybe you have a drone you could use to take some shots of your property from the air. You could also choose to throw an open house, post your own signs, or handle your online listings if it will mean a decrease in your commission costs.

Sell It Fast

Ask any investor and they will tell you that the longer you own a house, the more it will ultimately cost you. Holding costs add up month after month and can amount to thousands if your house sits on the market for a while. Utility bills, homeowners insurance premiums, property taxes, cleaning costs, repairs, regular maintenance, staging, and landscaping will add up quickly. When you sell your house directly to John Medina Buys Houses, the entire process of selling can be completed in only a few short days. For many sellers in the Los Angeles area, a direct sale can ultimately be the most lucrative way to sell.

When selling your house in Los Angeles, there are many ways you will be able to save money. Before you decide to list or spend any money making repairs, let us help you determine which selling method will ultimately put the most amount of money in your pocket!

Contact us today to learn more about how to save money when selling your property in Los Angeles!

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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