Are you looking to sell a house for fast cash? A lot of people are, especially in this current real estate market.
There are a lot of people who are now looking to relocate out of California and the LA area in general.
But if all you had to do was put a “For Sale” sign in your front yard and wait for potential buyers to call you, then everyone would be doing the same thing.
Deciding to sell a house for fast cash is not as easy as one may think.
In today’s economy, just coming out of pandemic shutdowns, 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 Los Angeles market.
Throughout Los Angeles County and parts of Orange County, more and more homeowners are looking to sell their homes fast, or sooner than later, thus creating stiff competition in the market.
If you are trying to figure out how to you can get fast cash for a house in Los Angeles CA, don’t lose hope, especially if you know what you can control; and there is a lot that you can control.
A few tips on how to sell a Los Angeles house for fast cash in the shortest time possible!
Hopefully, we can provide a clear picture of the best way to sell a house fast and AS-IS, without hassling with a buyer who has to get a loan from a bank (that may take weeks or months to close).
1. Do not get carried away with emotions
When you are trying to sell a 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 a 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.
2. Know your competition in Los Angeles and your neighborhood
When trying to sell a house fast, most homeowners will place a “For Sale” sign in their front yards, blindly, without doing prior research of the prevailing market prices. Remember, every buyer wants to get the best value for his/her money, but some home sellers cannot wait for the 3 to 6 months that it may take for a full-price buyer to come along! There are a lot of sellers who need to sell immediately!
3. Objectively assess your situation and property
If you need to sell immediately, first check out the prices of the other houses in your market area. The prices they are listed at or what they sold for. Those homes that are similar to yours as far as square footage goes. Then look to see how long they took to sell. If you can’t wait long, you need to decide how much of a discount are you willing to give to a cash buyer in order to attract them to buy your house quickly.
As such, potential homebuyers will also be doing thorough research in order to find the best house that suits their budget and needs. To get ahead of the game, you need to know what the other sellers are offering in order to know how to quote your house competitively.
4. Sell your house as-is
It is important that you establish whether your house can compete effectively with what other sellers are offering. If not, 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. This important if you’re going to try to sell it to a “retail” buyer (someone who plans on living in the house).
But if you do not have the finances or time to repair the house, you can still sell it fast in an “as is” condition. That’s actually what we do here at John Medina Buys Houses. We buy Los Angeles and some ares of Orange County, California houses. We pay cash and we can close quickly. Selling your house for cash means you won’t have to do any repairs at all. We are often asked, “Can you sell a house without a real estate agent?” The answer is YES.
If you need to sell a house for fast cash, please give us a call at (310) 928-9688. We can usually make you a fair all-cash offer within 24 hours. There is no obligation (to accept our offer) and no hassle at all. You’re welcome to take our offer, chew on it for a while and decide if it’s right for you.
5. Get the pricing right!
Most local Los Angeles an Orange County CA home sellers fail to sell their houses fast because their asking price is too high.
Be sure to talk with an experienced real estate agent who can provide you with the correct valuation. When you have the right selling price, you may be able to sell it with a listing agent. If you can wait the 3-6 months to sell to a full priced buyer, you may be able to price it higher and see what you can get!
But if you have to sell your house fast…sooner than later, you’ll need to price your house more attractively and be willing to negotiate on that price.
Why selling a house for fast cash can be a good thing.
There are several reasons why you may want to get cash for your house. 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.
John Medina Buys Houses offers cash for houses in Los Angeles and parts of Orange County California. 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. By doing so we uplift neighborhoods by rehabing homes that have not had much TLC for many years.
If your Los Angeles CA house qualifies, we can you make a quick and fair cash offer.