Selling a home in Los Angeles is a major decision that affects your life in many ways. Whether you are downsizing, relocating, or looking for a change, finding the right buyer for your Los Angeles property is essential. While some people prefer to sell their homes through real estate agents, others choose to work with direct buyers to make the home selling process easy and stress free.
Both options can be the right choice. It all depends on your situation. If you are struggling with an old or unwanted property in Los Angeles, or considering selling a home with major damage, there are many advantages to selling your home to a direct buyer that you might not know about. In this blog, we will explore six of these benefits so that you can make the best decision for your situation.
1. A Direct Sale Typically Moves Quickly
One of the most significant advantages of selling your Los Angeles home to a direct buyer is that you can sell it quickly. When you work with a real estate agent, the process can take several months, depending on the market and your unique property. Even the local Los Angeles real estate is slow right now, so listing your house might not get you a competitive offer. You may also have to worry about the sale falling through due to an issue with the buyer’s financing. Given the high interest rates that borrower’s are faced with, you want to be double sure they’re a financially qualified borrower.
Direct Home Buyer Saves Time – A simple way to understand the concept of time when working with a direct home buyer is that they are the purchaser of your home. Without the direct buyer, you’d find and agent/realtor to post your house on the market and find you the buyer. In other words, with a direct home buyer, you’ve cut out a middleman and a step, which is why the process is completed sooner.
However, direct buyers can make an fair offer on your home within a few days of in-person property walkthrough, and the sale can be completed in as little as two weeks. This is especially beneficial if you need to sell your home in Los Angeles quickly for personal or financial reasons.
2. Do Not Spend Money Making Repairs or Renovations
When you sell your home through a Los Angeles real estate agent, you will likely need to make repairs and renovations to attract potential buyers. If you don’t make the repairs to your Los Angeles house upfront, some buyers might come back with a list of repairs after they’ve completed the buyer home inspection. This can be costly and time-consuming, and you will not be guaranteed to recoup your investment.
Direct Home Buyer Saves Money – Because the direct buyer has plans to design and repair the house in order to rent in out or resell it later, they don’t want the home seller spending time on repairs and upgrades that would end up getting done.
However, direct buyers are often willing to purchase homes as-is, without any repairs or renovations. This can save you time, keep more money in your wallet, and simplify the selling process for Los Angeles homeowners.
3. Pay No Commissions or Listing Fees
When you work with a Los Angeles real estate agent to list your house, you will need to pay commissions and fees. These costs can quickly eat away at your profits, costing home sellers thousands of dollars. Agent commissions alone can range from 5% to 6% of the sale price, which can be a significant amount of money in Los Angeles where many homes are valued early at $1M. You will also have to factor in cleaning, staging, marketing, listing, and escrow and title fees. Once you add up all the fees, you’ll find out that they account for between 7% to 8% of the agreed upon purchase price.
However, when you sell your home to a direct buyer, you can avoid paying any of these costs. This can save you thousands of dollars and eliminate the stress and waiting that comes along with a traditional listing.
4. You Can Sell Any Home Despite the Condition
Direct buyers are often willing to purchase homes in any condition, including those that are outdated or in need of repairs. This is because they are not looking for a perfect home, but rather a property that they can invest in and improve. This can be beneficial if you need to sell a Los Angeles house that needs work but do not want to spend the time or money to fix it up.
Direct Buyers Look For Distressed Homes – Direct buyers prefer to purchase non-repaired homes, fire damaged homes, teardowns, and vacant land because they are in the business of rehab and construction in order to put stable housing with curb appeal back into the local Los Angeles rental and resale market.
5. There Are No Open Houses or Property Showings to Cater To
When you work with a real estate agent, you will need to hold open houses and showings to attract potential buyers to your Los Angeles property. Since most open houses run between 3 and 4 hours, this can be time-consuming and stressful, especially if you have a busy schedule, a big family, or do not want strangers walking through your home. In addition, you’d need to prepare for the open house by cleaning, repairing minor items, and putting away your valuables.
However, when you sell your home in Los Angeles to a direct buyer, you can avoid open houses and showings altogether. Direct buyers like Fair Sale Homes don’t expect you to clean up or repair anything ahead of our appointment. After a 15-minute property walkthrough, we will provide you our opinion on what the property is worth and how much we’re willing to pay for the property AS-IS. Then, you can decide what is best for yourself. This can make the selling process much easier and less stressful, allowing you to focus on more important things.
6. You’ll Receive Your Money Right Away
When you sell your home to a direct buyer, you can often receive cash quickly. This can be beneficial if you need to sell your home quickly for personal or financial reasons. Cash buyers can make an offer on your home within a few days, and the sale can be completed in as little as one week. This can be a lifesaver if you need to move quickly or cannot afford to wait for a traditional sale.
There are many advantages to selling your home to a direct buyer that you might not know about. From selling your home quickly to avoiding costly repairs and renovations, direct buyers can make the selling process much easier and less stressful. If you are considering selling your home, it is worth considering a direct buyer. With their help, you can sell your home quickly, easily, and profitably. Fair Sale Homes works with homeowners throughout the Los Angeles area to help them find the solution that is in their best interest. Reach out to us today if you have questions about selling your home, our company, or the solutions we offer! (626) 863-7006