When most people get ready to sell their home, they simply contact an agent and then have the agent list the home and market it. They do this simply because that’s what they’re familiar with, and there’s nothing wrong with that. But it’s not the only (or maybe even always the best) option. Sometimes it’s better for some people to sell directly to an investor. Here, then, is a side-by-side comparison of listing your house in Los Angeles vs. selling directly.
Listing Your House in Los Angeles
There are indeed many pros to listing your house, for example . . .
POTENTIAL TO MAKE MORE MONEY
You’ll probably make more money by listing your house in Los Angeles. In fact, surveys have shown that listing on the MLS and letting an agent market your house typically results in around a 6% higher sale price than an FSBO sale. (To discover more about this aspect of listing, you can contact a Los Angeles.)
WIDER EXPOSURE
Today, most agents are top-notch marketers, conversant with both traditional marketing strategies and critical digital strategies. More exposure and wider marketing reach mean that more potential buyers will be aware of your for-sale house, which usually results in a better deal.
EXPERT HELP
In addition, listing your house and working with a local agent will provide you the needed assistance to handle all the legal intricacies and successfully navigate this complex transaction. A good agent will also have a thorough understanding of the local market, as well as a broad professional network for easy access to other professionals you’ll need to complete a real estate transaction, for example, appraisers, inspectors, and real estate attorneys.
NEGOTIATION EXPERTISE
One of the best things about listing your house in Los Angeles is that you’ll have the benefit of your agent’s negotiating expertise. Your agent will be able to get you the best deal possible with respect to price, concessions, and closing date.
PROFESSIONAL CARE
A final benefit of listing your home and working with a real estate agent is that you’ll have a skilled professional looking out for your best interests. Agents thrive only on repeat business, so they strive to make sure clients get what they want and need but putting their interests first.
This also means that with an experienced agent taking care of you, you’ll avoid all the headaches involved in a real estate transaction. Your agent will handle it all for you so that you don’t have to.
Selling Directly in Los Angeles
The typical alternative to listing your house in Los Angeles is selling directly, usually to an investor. Let’s take a look then at the many advantages of selling directly instead of listing your house.
AS-IS SALE
Many sellers prefer selling directly because it will usually be an as-is sale. With this kind of sale, you won’t have to refurbish the kitchen or make expensive repairs. And often this means more money in your pocket even though the sale price may be lower. Repairs can be enormously costly, both in terms of expenses and time and effort invested.
FASTER CLOSING
Selling directly is often more attractive than listing your house because you can close so much sooner. “Since most investors purchase with all cash, you can sell your property as soon as your two parties agree on the conditions of sale. The average time it takes sellers to close with an all-cash investor is two weeks. If you’re selling to a buyer who needs a mortgage, it’ll take you 60 days’ minimum.”
CASH OFFER
As we just indicated sellers typically pay cash. And a reputable cash buyer won’t try to lowball you either – she will offer a fair cash price. You get all that cash in your pocket without all the hassle involved in receiving payment after a buyer gets a mortgage loan when you list your house inLos Angeles.
A cash offer also means fewer delays and less risk. If you list your house and get an offer from a potential buyer, you’ll have to wait for that buyer to secure financing. And even if the “buyer has been pre-approved for a loan, the lender can decide the buyer’s credit-worthiness has changed and refuse to issue the funds needed to buy your home.” Then you have to start again from scratch and find another buyer.
The Hybrid Solution to Listing Your House in Los Angeles vs. Selling Directly
But what if you aren’t sure whether you want to list your house or sell directly or you just keep flip-flopping between the two? In that case, you should avail yourself of the services of a hybrid agent.
This kind of agent (or agency) is both a real estate agent and an investor. So no matter which route you choose, you have a one-stop agent(or shop) right in front of you. A hybrid agent can help you determine what is best for your unique situation and then provide the services you need. You don’t have to go out and hunt up someone else. If you want to take advantage of the ease and convenience of a hybrid agent when the two options of listing your house in Los Angeles vs. selling directly lie before you, contact us today at (805) 257-5780.