- With many houses built between 1900 to 1950, Los Angeles has a lot of old homes with retiring owners who need to sell their house to avoid surprise cost and stress
- If you are home owner, educate yourself on all available home selling options: traditional listing, direct sale, for sale by owner, all cash vs. seller financing, etc.
- To inform yourself and make a decision, consider working with Fair Sale Homes, to sell your unwanted house fast in Los Angeles
While your first instinct may be to get on the phone and call up the first local agent that comes to mind to immediately list your house on the MLS, a better choice is to work with a real estate company that can provide you options. Every property owner’s situation and property condition is different, and we work with you closely to understand that.
Whether you want to sell for top dollar, want to avoid the risk of foreclosure, or just want to avoid the some major house repair expenses, we’ll help you determine the solution that is in your best interest. In this blog post, we detail a few ways that Fair Sale Homes can help you sell your unwanted property in Los Angeles.
#1: Traditional Listing With A Real Estate Agent
With years of experience in the local real estate market, Fair Sale Homes can help you list, market, and sell your house for a great price through partnering qualified agents who share our mission and value. We partner with a select like-minded agents who are focused on understanding your problem and goals and guide to you achieving your goals. Our services go above and beyond for every client we work with.
We will advise you on what’s needed to prepare your home for sale. From the documents you’ll need to gather to the enhancements or repairs your home will need, we’ll lay out a list, so that you can take the steps. We will create a marketing strategy specific to your property, ensuring it is seen by the right buyers at the right time. Our process makes showing easy for everyone, giving you plenty of advance notice and peace of mind.
You won’t have to worry about any hidden expenses or surprises when working with our team, we lay everything out on the table from day one. One of our company values is Education which means we are intentional about putting all the information in front of you, so you can make an informed decision. Whether it’s the associated costs or the overall timeline, we’ll discuss those in detail with you. Ultimately, the agent we put in place will handle all of the listing details so that you can sell your house in Los Angeles while achieving great results.
#2: Direct Sale of Your Los Angeles House
For Los Angeles homeowners dealing with unique situations, a traditional home selling process with a real estate agent may not be the answer. Alternatively, a direct sale to an all cash buyer or investor can be a great way to sell a house in Los Angeles. Many people don’t consider this option because they assume they will only get pennies on the dollar or will have challenges finding a buyer if they are experiencing the below situations.
Common Situations Owners of Unwanted Property in Los Angeles Experience
- Foreclosure. You are struggling with your mortgage each month, behind on payments, and not sure how to stop the foreclosure process and save your equity.
- Bad Tenants. There are tenants in the home who are making it difficult for you to list your property in the traditional way
- Relocation. You need to sell your house quickly to buy a property elsewhere and move there.
- Inherited House. You have inherited a house and you don’t want to be on the hook for insurance premiums, tax obligations, or other holding costs
- Many Issues Where An All Cash Sale Makes Sense. Inherited property (maybe in an irrevocable trust), downsizing, job loss, property damage, divorce house sale, expensive home repairs, bankruptcy, retirement, health issues, code enforcement violations
The good news… A direct buyer is not concerned with the property being in picture perfect condition. In fact, a company like Fair Sale Homes buys houses of all shapes, sizes, and conditions. There are no repairs to make, no photos or open houses, and no agent commissions to pay. As investors of property, Fair Sale Homes would rather buy the property AS-IS to make repairs and upgrades ourselves. When working with a fair and experienced homebuyer, a direct sale has the potential to save you thousands of dollars on the transaction.
In addition to selling your house to skip the repairs costs and commission costs, you can also avoid continued holding costs, listing fees, marketing costs, closing costs, and more. Plus, you won’t have to deal with property showings and different people being in your home. This is an ideal selling method if the house requires a lot of work and updating to be competitive with other properties currently listed on the MLS, you are dealing with liens or title problems that have made it difficult for you to sell in the past, or you own a rental property but don’t have tenants or it isn’t performing as you had hoped.
Ultimately, a direct sale is also a great option if you simply want to sell your unwanted property fast, without any hassles, costs, or red tape. We can help you with a direct sale on any property whether it is move-in ready or if it needs a ton of work. Don’t overlook this option when dealing with a problem property. For many homeowners in the Los Angeles area, it may be the solution they need!
#3: Owner Financing, Seller Financing, Subject To
As real estate professionals in Los Angeles, we know first-hand that there are all sorts of options for home sellers in Los Angeles. Innovation and creative thinking have allowed us to help people sell unwanted property in all sorts of ways. A few of the innovative ways to sell your property include…
- Owner financing – Also, known as seller financing or an installment sale… This is a great way for property owners to get their asking price, generate a reliable income, and end their responsibility to an unwanted property. This option works for property owners who have fully paid off their mortgage debt, but can also work if you have a mortgage balance.
- Sub to – in this manner of purchase, we take on your existing mortgage. This usually applies to owners who have owned their home for a number of years and are experiencing long-term financial difficulty and are at risk of home foreclosure. It’s a simple solution for everyone!
These are just a few of the creative solutions we can offer to owners in Los Angeles who need to sell an unwanted property in Los Angeles. We are very flexible in our solutions and can work with you to ensure your goals are met. We utilize creative financing strategies to help you get your asking price, generate income, and more!
Explore Options With Fair Sale Homes
Do you need to move-on from your situation with an unwanted property in Los Angeles? Is it an inherited property that’s overwhelming? Are the tenants a big headache, especially in this market as a result of COVID-19 moritoriums? Are there too many repairs to make that in total are too expensive or have you tagged with a code enforcement violation?
Regardless of the reason, if you are unable or unwilling to put forward anymore time or money to hold onto your property, the reach out to us today to learn more about our real estate services and what we can do for you! We are happy to help you review your options so that you can determine the best one for your property and situation. Call now! (626) 863-7006
WE BUY HOMES across cities Southern California. A sample of cities where we buy homes for cash: East Los Angeles, Lincoln Heights, Silver Lake, Atwater Village, Van Nuys, Northridge, Pacoima, Panorama City, Harbor City, and Wilmington. Also, we buy apartments in Los Angeles, CA. Whether you are experiencing home foreclosure, code violation, failed property sale, or simply have an unwanted property, we will work with you to find a solution.