Opportunities are plenty for budding or experienced home sellers like you in the San Fernando Valley. It ranks as one of the top places to live in Los Angeles, and this reputation constantly drives interested home buyers and real estate investors to the area.
Are you ready to sell your home in the San Fernando Valley? Continue reading to learn tips for selling your home.
Oftentimes, it’s not easy to make the decision to sell your home. The results of the selling process are hard to reverse as well. So, before you go ahead and list your home on the market, assess your motivations behind the sale.
The following guide questions should help you decide if it is indeed time to sell your home:
At this point, it’s also important to establish how you’re going to approach the home-selling process. Will you be selling first before purchasing a new one or vice versa, or are you going to do both at the same time?
Once you’ve finalized your decision to sell your home, it’s time to move on to the preparations. Of course, you have the option to sell your house as is, but making improvements and upgrades can increase your chances of selling your property fast and for a good price.
First, find out how much your house is currently worth. Then, add the following to your to-do list:
You can also renovate some areas of your home. Updated kitchens and bathrooms can bring significant returns on your investment. Click here to get some ideas.
There are several ways to get the price for your home.
The season, the market’s state (is it currently a neutral, a buyer’s, or a seller’s market?), and the timing of your sale also play roles in determining Los Angeles real estate values and, ultimately, the price for your house.
The right price isn’t the only thing that will make home buyers come knocking on your door. A marketing strategy will get the word out and let them know your house is up for sale.
Here are several things you can do:
You can use a combination of traditional and contemporary methods to market your home. Just remember: most home buyers these days behind their search online.
With the right price, expect to receive multiple offers. Receiving is easy, but choosing the right one can be a challenge.
In addition to the offer price, bear in mind the following factors when deciding which offer to accept:
Some buyers might also include letters to their respective offers. These often let you know how much they want to buy your house. It is an extra and optional step, but a letter from a buyer is a welcome sign.
After accepting an offer, it is time to fulfill your seller obligations before the agreed closing date. You’ll need to accomplish the contingencies stated in the contract, as well as complete your legal requirements.
In California, it’s mandated by law to provide a Transfer Disclosure Statement (TDS) detailing “material facts” related to your property’s condition. The form will be given to you by your real estate agent.
Other obligations may or may not include the following:
On closing date, you’ll meet with your buyer, along with your respective agents and the escrow officer to finalize the details of the sale. Paperwork will be reviewed, such as the deed and the buyer’s mortgage documents. The buyer might also request a final walkthrough of the property.
If everything and everyone is satisfied and all conditions were met, it’s time to close the deal. You will hand over the title and keys to the home. Congratulations! You sold your home in the San Fernando Valley!
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