A damaged home in Los Angeles can be a nightmare to sell. Most buyers are not interested when there is visible damage on a Los Angeles property listing, preferring homes ready for immediate occupancy. However, if they have the time, inclination, and finances to take on a project, some buyers may take a chance and toss an insultingly low number out to see if it sticks, which can be rather disheartening for sellers in Los Angeles. The longer a listing lingers, the more likely the sellers will realize a lower final sales price.
Choosing the Right Home Buyer – Regardless of the real estate market, every home has a type of buyer. (a) Buyers planning to buy a home to move into and expect an already well maintained home in Los Angeles . (b) Buyers planning to move in and are willing to make small repairs and upgrades. (c) Buyers not planning to move in are professionals at construction and rehab of homes with extensive damage.
If you’ve got a damaged home and want to make the sales process less stressful while earning the most profit, read on as we explore six smart tips to help you sell a damaged home in Los Angeles.
Pricing a Damaged House
One of the easiest ways to sell a home is to list it at the right price. Overprice it and your house will sit on the market for a long time, while you still pay the morgage and bills. Professional buyers like those at Fair Sale Homes can help you understand your current market value in Los Angeles. Our professional buyers at Fair Sale Homes are happy to help you determine the right price to sell a damaged home in Los Angeles. At Fair Sale Homes, our professional buyers are local investors who know the Los Angeles real estate market and can help you understand your competition, which plays a role in determining the price.
House Condition – Keep in mind that even homes of the similar size on the same block do not all carry the same value. The condition of of the property plays a big factor, especially in a expensive location like Los Angeles. Because the cost of rehab and construction is so high, factoring in what needs to be either upgraded or repaired is key to properly pricing a damaged house.
Don’t Hide Anything
Remembering the legalities of disclosure laws is our next tip to help you sell a damaged home in Los Angeles. Disclosure are not just a legal consideration, but also a fair way to set expectations when selling your damaged house. Disclosing an issue with the property won’t necessarily scare away your buyer. By being upfront, your potential home buyer can plan for the time and expenses that will be necessary to take the damaged house in Los Angeles, off your hands.
Professional buyers like those at Fair Sale Homes can help you understand the potential expenses and timeline to correct any areas of concern, so you can decide what’s best for yourself. Our professional buyers work with a team of skilled tradespeople and professionals to provide reliable data for their offer. At Fair Sale Homes, we practice total transparency and lay every detail on the table for sellers.
Minor Repairs
Another tip to help you sell a damaged home in Los Angeles is to improve the appearance by making minor repairs. Professional buyers like those at Fair Sale Homes can help you understand where to focus your repairs on gaining the most from your investment in your damaged home.
Our professional buyers at Fair Sale Homes want you to agree that their offer is fair. At Fair Sale Homes, we’re your neighbors who live and work alongside you here in Los Angeles, and we want to make a deal you’ll feel good about long after closing.
Targeting Your Market
Understanding your target market is our next tip to help you sell a damaged home in Los Angeles. You’ll want to find cash buyers who purchase homes needing repairs.
Southern California Market – Whether your home has minor or major damage, or maybe it’s considered a complete teardown due to extensive damage from a fire or years of neglect, Los Angeles and Orange County location has buyers who are in the business of buying damaged properties and vacant land.
Professional buyers like those at Fair Sale Homes can alleviate your concerns about making repairs because we buy homes as-is for cash. Given our decades of experience in real estate, we can easily determine the value of a damaged property and even vacant land that can be used for ground up development of new housing.
Know Your Options
Gathering the information on your selling options is the next tip to help you sell a damaged home in Los Angeles. If the extent of the repairs is minor and you have the time, finances, and emotional fortitude to tackle the job, it may be well worth the additional profits you would realize. Professional buyers like those at Fair Sale Homes will help you compare your profits from listing vs. a direct sale. At Fair Sale Homes, our professional buyers will help you determine which works best for your circumstances, even if it’s listing with an agent.
Fair Sale Homes
Our final tip? A direct sale to professional buyers at Fair Sale Homes is the smartest way to sell a damaged home in Los Angeles. At Fair Sale Homes, our professional buyers make it easy to sell a damaged home fast, with a guaranteed closing date you can select. The pros at Fair Sale Homes work with a full-service in-house team of professionals to make the process efficient. At Fair Sale Homes, sellers never pay commissions or closing costs. Call Fair Sale Homes at (626) 863-7006.