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Sunset Boulevard California

4 Obvious Reasons to Skip the Hassle of Listing and Sell Your Los Angeles Home to an Investor Instead

*Sigh* If you have ever experienced the steps of listing a Los Angeles house on the MLS with a real estate agent, you know that, in some cases, it can be a hassle. To be very clear, we’re not saying that the real estate agent is creating a hassle. The hassle is a result of the house condition and/or home owner’s financial situation being a mismatch with the traditional process of selling a house in Los Angeles.

With a traditional process driven by a real estate agent… From cleaning up the house, dealing with showings to waiting for offers, the process can be time-consuming and stressful. Of course, in some situations, using an agent can be great! But this doesn’t apply to every house. In this post, we discuss a few of the difficult parts of listing a house you need to be aware of and why you may want to consider selling your property to an investor instead.

Hassles of Using a Traditional Listing to Sell Your House

1. Property Showings

One of the biggest hassles of listing your house on the MLS in Los Angeles is dealing with showings. If you’re still living in the house, you have to constantly keep it clean and tidy to prepare for potential buyers to come in and look around. This can be especially difficult if you have kids or pets. Kids can create ongoing messes and pets can leave an odor, hair, and allergies that would scare off a qualified buyer. And if you’re not living in the house, you have to constantly coordinate between your tenants and real estate agent to make sure they can get in to show the house to potential buyers. This can be a major inconvenience, especially if you have a busy schedule.

In addition, if you have lived in the house for many years, you may have accumulated many belongings that take up space in the bedrooms, living room, hallway, and kitchens. If this feels like your situation, an agent would likely recommend you clean up the house and move many of those belongings to the garage or public storage in order to maximize living area of the house.

2. Waiting for Offers to Come In… Costs You Money

The thing about listing your house in Los Angeles is that there are no guarantees. You’ll need to be patient while you wait around for qualified offers to come in. Depending on interest rates and the market, it can take weeks or even months for an offer to come in. With interest rates expected to continue rising in 2023 and beyond, fewer buyers will qualify in order to secure a loan to buy your house. With a smaller pool of buyers, you’ll need to be patient as the offers trickle in. During this time, you still have to pay your mortgage, property taxes, and other expenses associated with owning a home. This can be a major financial burden, especially for homeowners who are trying to sell their houses quickly. Every month can cost you thousands of dollars.

3. Costs of Hiring a Los Angeles Real Estate Agent

Real estate agents typically charge a commission fee of 5-6% of the sale price of the house. This means that if you sell your house for $600,000, you’ll have to pay your real estate agent $30,000-$36,000 in commission fees. This can be a major hit to your bottom line (especially if you still have a mortgage on your property) and can significantly reduce the amount of money you make from the sale of your house. Depending on the agent, you may also be on the hook for home repairs, staging costs, marketing costs, listing fees, and more!

With a real estate agent who can market effectively, attract buyers, and negotiate you a fair price, that commission is well worth it. But keep in mind that the ability to get you a fair price also depends on your willingness to spend some money and do some extra work to make sure your home is in great condition to show when the open house date(s) come around!

4. Repairs and Renovations Add Costs

Before you can list your house on the MLS with a Los Angeles real estate agent, you typically have to make repairs and renovations to increase the appeal of the house. This can include things like painting, replacing flooring, and updating appliances. Los Angeles home selling in this market is very competitive, so you’ll want to ensure that your house stands out among all the newly upgraded and new construction homes within driving distance of your home. Depending on the condition of your Los Angeleshouse, these repairs and renovations can be expensive and time-consuming. And if you don’t make the necessary repairs and renovations, your house may not sell, or you may have to accept a lower offer.

So what’s the solution? Selling your property to an investor. Here are four reasons why:

1. No Property Showings

When you sell your property to an investor, you don’t have to deal with any property showings. Investors typically buy houses as-is, which means you don’t have to worry about cleaning, repairing, or renovating your house. This can be a major time-saver, especially if you have a busy schedule or if your house needs a lot of work. In addition, investors will allow you to move out and leave whatever you don’t want to take with you.

2. A Fast Closing

Investors such as Fair Sale Homes typically close on houses much more quickly than traditional buyers. A fast closing is possible with a company like Fair Sale Homes because the purchase is typically made with an all cash offer. As a benefit, there are fewer hold ups from traditional mortgage lenders, appraisers, and buyers who can’t qualify and drop out of the purchase process. This means you can sell your house and get your money much faster than listing it on the MLS. This can be especially beneficial if you’re in a hurry to sell your house.

3. No Costs, Commissions, or Hidden Fees

When you sell your property to an investor, you don’t have to pay any commission fees. The reason you don’t have to pay commissions to an investor is that they are the direct buyer of the house. Typically, a real estate agent is owed commissions because of all their work advising, marketing, finding buyers, and negotiating on your behalf. With a company like Fair Sale Homes being the actual buyer, you don’t need a real estate agent to search for or attract a buyer for you.

Ultimately, this means you get to keep more of the money from the sale of your house. And because investors typically buy houses as-is, you don’t have to worry about spending money out of pocket to make repairs or renovations, which can save you even more money.

4. A Cash Offer

Investors are typically not reliant on banks and will make cash offers on houses. This means that you don’t have to worry about waiting for financing to go through. This can be a major relief, especially if you’re in a hurry to sell your house or if you’re worried about the buyer’s financing falling through.

Listing your house on the MLS with a Los Angeles real estate agent can be a great choice, but for some houses in poor condition (due to expensive repairs, building and safety issues, and code enforcement violations) or owners who need to sell fast (due to financial distress, divorce, or relocation), it can become more of a hassle. From dealing with showings to waiting for offers, the process can be time-consuming and stressful. Selling your property to an investor can be a much simpler and more convenient option. With no showings, quick closing, no commission fees, and cash offers selling your property to an investor can help you sell your house quickly and with minimal hassle. If you want to sell your house fast in Los Angeles, reach out to our team to find out what we can do for you! (626) 863-7006

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