Los Angeles, the land of movie stars, is also the home to major tech giants. The rapid economic growth in the Tinseltown has significantly raised the bars for housing prices, creating excellent opportunities to cash in your home’s equity.
L.A. is a hot pick in the housing market, round the year, with the median home values seeing an increase of 1.81%, last year. Houses in this city sold like hotcakes for a median home price of $760,000 in 2019. It is an excellent time to sell your house to make exceptional monetary profits.
Start with a simple online search for phrases like, sell my house fast in Los Angeles. You can try the myriad of options to sell your property at the best rates in no time.
Home Renovation Before Selling
The Big Orange is seeing a changing trend among homebuyers, who are preferring modern homes over the old styles of houses of the 20th century. It is profitable to sell a turnkey property, as potential buyers seek houses with no renovation requirements.
Market experts suggest remodeling amenities, especially the kitchen and bathrooms, inline with the latest trends, before listing your home in the housing market. In L.A., remodeling a house increases its average resale value by about 5%.
A Good First Impression with Staging
Along with remodeling, staging is a proven way to help you with a successful quick sale. The professionally listed staged properties in Southland spend about 70% less time on the market. Also, the ROI estimates at 3 to 7-fold in a month.
Rearranging furniture and decluttering the house help in improving the staging. Such measures give your home a state-of-the-art appearance, endorsing your home to buyers.
Adherence to the Best Asking Price
As per the latest real estate market trends, the median price of homes currently listed in L.A. is close to $860,000.
A quick online search like “how to sell my house fast in Los Angeles” is not sufficient. You should also do an L.A. real estate market study to know the average asking price for a home in a modest neighborhood. The market in Tinseltown is predominantly a seller’s market. Hence, it is vital to establish an optimum rate for your home, to get excellent offers and sell it within a short time.
Prioritizing Low-Water Landscaping
In 2019, the Drought Monitor map estimated no areas in Los Angeles endured persistent drought for the first time since 2011. Yet L.A. is prone to severe drought conditions.
Thus, it is advisable to provide low-water landscaping, also known as zero scaping, to advertise your home. It is an excellent selling point in L.A., where buyers prefer zero scaping over an appealing patch of green lawn with a new sprinkler system.
Advertising your Neighborhood
With soaring home prices in the plush neighborhoods of Southland, potential home buyers are exploring new avenues that can turn out to be cheaper alternatives. If your home happens to be in such a community, you should publicize information regarding the area.
The L.A. housing market performs exceptionally well during the spring season. Utilize the favorable market trends of the city, to sell your home at the earliest.