So you’ve listed your Los Angeles CALIFORNIA (CA) house but not get any real leads or offers?
While real estate market is still pretty hot, with the rise of interest rates, sellers are seeing a decrease in offers. But in the last couple of weeks, buyers have begun to benefit from slightly lower rates compared to June and a new normal is setting in.
So where’s your contract?
These tips could be just what you need to help you sell your Los Angeles home.
Why isn’t my home selling in Los Angeles? – 6 Actionable Tips To Solve Your Problem
1) Choose wisely.
When you’re trying to buy or sell a home, finding an agent who can negotiate on behalf of buyers and sellers is key. But just as important are their due diligence by hiring someone experienced with lots experience negotiating contracts – even though most people might think this sounds common sense… Sometimes we forget all too quickly what our properties worth so make sure yours has some muscle behind him/her (or at least knows where those kidneys go).
2) Don’t overdo it on the improvements.
Neutral enhancements are the best way to go when enhancing a property. Eliminate all excess and make only those improvements that will bring your home closer in line with other offerings on offer at present market prices without compromising design or aesthetic considerations. Plus, you may not get back what you ended up spending.
3) Do make necessary improvements.
Buyers are weary of unfixed issues in the home. Show that you’ve been a responsible property owner and get all the important little details fixed so it’s ready to buy! Gaps or plates off of switches? Fix it.
Pro Tip: Do the work and get the home inspected by an expert home inspector. You’ll be able to use the home report as a way to show the buyer that you’ve done you due diligence. This goes along way towards establishing trust and confidence in the transaction and ensuring a smooth close.
4) Style and design is key.
The exterior of your home is just as important, if not more so than what’s inside! Make sure you keep it looking great by painting walls and updating landscaping. Buyers will get the impression that this house has great style which can help maximize its value.
5) Pricing matters.
Have you been getting showings but few offers on your property? It’s possible that it may be overpriced. If nothing else is working, consider lowering the asking price to get more qualified leads from potential buyers.
Pro Tip: Instead of listing high and adjusting down, consider pricing at or below market price. Given today’s sentiment with the rise of interest rates, you could be saving a lot of money just by selling the home quickly instead of letting it sit on the market for months.
6) Every property will sell – sometime.
There’s no magic formula – but there’s no substitute for experience. At the end of the day, the market will always dictate the truth. Priced high or priced low, rates up or rates down, the market will find its equilibrium point and your home will eventually sell. However, consider the different strategies we’ve discussed so you can be strategic with your approach.
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If you need to sell a house near Los Angeles, we can help you. We buy Los Angeles CALIFORNIA (CA) houses.
We buy properties like yours from people who need to sell fast and in any condition.