Selling a Home in Studio City

When selling a home in Studio City, planning the process can take time. It’s impossible to anticipate every detail, and seeking professional feedback throughout your sale is vital. The best way to navigate the unknown is by partnering with an experienced agent. These local experts can help sellers choose sensible listing prices, market their homes, and close the sale. Please consider the information below before starting your home sale in Studio City.

First, to prepare your home to sell, interview multiple agents to see if they fit you. At a minimum, your agent should offer advice for staging and which upgrades will boost your home’s value. The best agents can recommend reliable contractors and specialists from their professional networks.

 

 

To choose the right real estate agent for you, search on online listing platforms that filter agents for you. This can be especially helpful for sellers who haven’t sold a property. Asking friends and family for recommendations can also help narrow your search, and the security of a personal referral can help assuage concerns. When you’ve found a few candidates, interview them for their knowledge of the area and market trends, selling experience, and communication style.

Sellers who work with an agent can count on their help in competitively pricing their homes. The median price for homes in Los Angeles is about $1 million, although an agent will know how to adjust that price based on your property’s specifics. They’ll also use market information to help time your home sale. They’ll be aware of slowing trends across the county, such as decreasing sales and increasing inventory, then help you market your home accordingly.

 

Choosing the correct upgrade is crucial for sellers interested in improving their home value. Minor bathroom remodels have the highest ROI, as it often only takes a fresh coat of paint or minor updates to hardware to make a bathroom feel new again. In areas like Studio City, where properties have large yards, tending to landscaping also boosts home value. Increasing aesthetic appeal by trimming bushes or adding colorful blooms gives buyers a good first impression.

When your home is prepared, take steps to sell your property. An agent can list your home on the MLS and explain the steps to take during escrow. To complete your sale, plan on paying closing costs related to the title and agent commissions.

 

 

Listing on the MLS is one of the best ways to boost your property’s visibility when selling a home in Studio City. Only licensed agents have access to a local MLS. They will prepare a listing for you by taking professional photos and writing a listing description describing your home and neighborhood features. Studio City's perks include its proximity to downtown, easy access to several beaches, and outdoor recreation at Griffith Park.

 

When you’ve reviewed and selected an offer from a buyer, your home will go into escrow. This is the period between signing a purchase agreement and disbursing funds. During escrow, the buyer deposits their earnest money into the company pending contingencies related to a home’s inspection, appraisal, and title search. The escrow account also holds other vital funds and paperwork for the transaction.

 

After selling a home in Studio City, be prepared to pay closing costs. Closing costs in California average about 5.35% of the home's final sale price. At the Los Angeles median sales price, sellers can expect fees of about $60,000. Costs include real estate commissions, escrow fees, county and city transfer taxes, title insurance, and other expenses relating to the home inspection, recording fees, and more. Sellers should factor in these costs while considering buyers’ offers to ensure the offer they agree with can cover the expenses.

Selling a home in Studio City can get complicated, even if it isn’t your first time selling. Review the information below for the answers to some questions you may have.

 

In busy times, homes in Los Angeles can spend less than a month on the market, which can make for a quicker home sale in Studio City. However, slowing market trends will likely impact this timing and your agent's marketing strategies. For the fastest home sale, sellers who list their properties in March and sell in June shave the most days off the process.

 

Yes. Although home sales are declining and active listings are rising, these trends will likely continue, making selling more challenging if you wait. With buyer demand still impacted by high mortgage rates, and more competition on the market, it may be better to list your home sooner rather than later.

 

Yes, but it will be more difficult. In for-sale-by-owner listings, all a realtor’s responsibilities become a seller’s job, including preparing the home to list, pricing and marketing the home, negotiating with agents, and closing. Many sellers find it difficult to manage additional tasks on top of daily responsibilities or an extra job. Additionally, most homes for sale by owners have longer listing times and lower offer prices. For the best chance of success, working with an experienced and well-connected agent is best.

Sellers looking to list their properties in Studio City should partner with an agent for guidance through home preparation, marketing, negotiation process, and closing steps. When you’re ready to start selling, contact trusted local agent Arman Grigoryan to guide you.