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How to Get Your Asking Price for Your House in Los Angeles Without Hiring an Agent

  • Selling your house in Los Angeles will involve you setting the price that you desire, while considering whether its a buyers market or a sellers market
  • Educate yourself on all the timing and costs associated with your selling options
  • Calculate what money will actually go into your pocket between the options of listing on market with an agent, or going with an alternative such as Fair Sale Homes

Are you thinking about selling your house in Los Angeles? One thing that will immediately come up is pricing and how much you will be able to profit from the sale of your home. You can set an initial asking price, but also should consider selling costs and how long it will take for the sale to finalize. There are many things you will need to factor in before signing any contracts. That said, by using a few little-known methods, getting your asking price can be easier than you may think when selling your house in Los Angeles. Take a look below at a few of your options.

List With a Real Estate Agent in Los Angeles

Listing your house with an agent in Los Angeles is one way to get your asking price. If your home is in decent condition and your asking price is reasonable, there is a good chance you will get multiple interested buyers. After setting your price, be sure to factor a few additional costs to approximate how much money will be left to pay off the remaining mortgage balance(s) or liens. What are those additional costs? In some cases, you may need to make repairs, upgrades, and stage the home for potential buyers.  In addition, it is important to remember that there will be commissions and selling costs such as repairs, marketing, and closing expenses.

Potential Costs Associated With Listing Your Los Angeles Home For Sale

  • Repairs/upgrades
  • Staging
  • Commissions
  • Closing Costs
  • Timeframe

While hiring a Los Angeles real estate agent is the route most homeowners choose, it can be expensive and stressful, even when your real estate agent is really good. There are no guarantees that your house will sell or that you will be able to find a buyer who is qualified to purchase your home.

The reality is that there are is a longer timeframe and more steps for your to be involved in. There’s a lot of time that varies between the following steps: finding and signing with a listing agent, agent finding you a buyer, qualifying the buyer and the buyer qualifying at the bank, and closing.

how-to-get-your-asking-price-home-buying-timeline

In total, the timeframe could be 6 months or 12 months, depending on your home’s condition and the qualified buyers your agent is able to attract. Remember that the asking price that you list for, will not be what you walk away with, so it is important to set your asking price accordingly.

Ultimately, money that actually goes into your pocket depends a lot on incorporating costs and timeframe since holding the house for a longer period costs you money as well.

Sell Your House Directly to a Professional Buyer

Working with a professional home buyer is another way you may be able to get your asking price when selling your house in Los Angeles. Once you have set an asking price, consider all of the ways a direct sale is helping you save. When selling your house directly, you can avoid repair costs, closing costs, and agent commissions. While you may be able to get a higher sales price listing with a local agent, once you do all the math, it doesn’t always result in more money in your pocket or less headache. Dive into the details below to compare your selling options. 

 Listing W/ A
Los Angeles Agent
Sell To 
Fair Sale Homes
Commissions / Fees: 6%, paid by you, the sellerNone.
Who Pays Closing Costs?2% on average is paid by you, the sellerWe pay all costs.
Inspection & Financing Contingency*:Yes, sales can fall through.None needed
Appraisal Needed:Yes, the sale is often subject to appraisal.No, we make cash offers.
Average Days Until Sold:+/- 91 Days, if waiting for buyers. We provide immediate cash offers.
Number of Showings:Yes, open houses and showings.None, 1 private meeting.
Closing Date:30-60+/- days after accepting the buyer’s offerThe date of YOUR CHOICE.
Who Pays For Repairs?Paid/completed by you, at buyer’s request.We pay for all repairs.
*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similarly, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.

Here at Fair Sale Homes, we don’t use bank financing so you don’t have to worry about our ability to close on a deal.

You will also potentially save thousands in holding costs as a direct sale often happens pretty quickly. Typically, an investor’s offer will be less than what you see on the MLS, but once all of the expenses are factored in, your profits may look very similar if not greater. Don’t rule out a direct sale of your Los Angeles property until you speak with the professionals at Fair Sale Homes.

Utilize Owner Financing to Create Income and Security

At Fair Sale Homes, we offer many creative ways to assist homeowners with problem properties that they no longer wish to hold to. One solution we offer is to buy a property using owner financing. This allows us to purchase the property right away, while the property owner receives a guaranteed check each month, while we pay off the property.

Best Situations Where Owner Financing Can Work

  • Home is paid off. There are no mortgage balances.
  • Home does not have other liens. Fair Sale Homes can help you solve this.
  • Owner is interested in deferring taxes (not eliminating). Fair Sale Homes Can Help You Get Your Asking Price

    Whether you choose to list, sell directly, or become a lender on your own property, Fair Sale Homes will answer all of your questions and provide you with the data you need. Comparing your options will ensure you make the best decision when selling your house in Los Angeles. Our goal is to help people dealing with unwanted properties throughout the Los Angeles area. We can help if you are dealing with…

    • The foreclosure of a property you have owned for a long time and are not able to list
    • Repairs you can’t afford or don’t have the time to make
    • Tenants you aren’t able to get rid of without going through the cumbersome and expensive eviction process
    • An inherited property that you need to sell ASAP to avoid taxes and other ownership costs
    • A hoarder home that you can’t or don’t want to clean up
    • Flood damage, fire damage, or structural problems with the home
    • Title problems or liens on the property that have prevented you from selling in the past
    • The need to sell quickly so that you can buy a house elsewhere that you really want

    Our team can help you with any property or situation, no matter how difficult it may seem. No matter why you need to sell your house or when you need to close, Fair Sale Homes can help you find the solution that will help you get your asking price for your property in Los Angeles. There are many ways to sell your property… you don’t have to feel stuck any longer! Reach out to our team to learn more about Fair Sale Homes and what we can do for you when it’s time to sell! (626) 863-7006

Do Duong

Real estate investor of 20 years with experience helping owners move on from old, damaged houses and distressed properties suffering from fire, water, or mold damage. Proud community volunteer and Los Angeles native.

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