California is the most populous state in the United States, and its economy represents one of the largest economies in the world. As many residents are struggling with their mortgages, more and more people are looking for ways to sell their houses fast without having to go through lengthy legal procedures. People can now opt to work with house buyers who come directly to them to buy their houses in cash and who do not ask for any fees or commissions.
Understand your local market
Before selling your California house, you need to understand the local market. To sell your home quickly and for the best price, you need to know how much similar homes are selling for in (your neighborhood).
You can find comparable houses with an online search or by asking on REALTOR®
to help with this task. The more you know about your local market, the more likely you will get a quick sale and the highest price.
Be realistic about your asking price and prepared to negotiate
Once you’ve set your asking price, be prepared for some negotiation! That’s just how it works in many parts of California. If there is a lot of demand for housing, you might not have to negotiate much, but if the market is slow in your area, expect some negotiation.
When wondering how to be realistic. If there are lots of houses on the market and they’re selling quickly in your area, don’t ask for a fortune because someone just might pay for it. If there are few houses on the market and they’re not selling quickly, you might have some room to negotiate.
Improve your property before putting it up for sale
If your home is dated or needs repairs, you’ll sell it faster if you have them fixed first. Instead of asking a buyer to wait for you to fix everything on their wish list, it will be easier to sell if you have a few simple repairs done before putting your home on the market.
If your house requires some fix-ups before selling, do them! People are usually more likely to want to buy your if it’s updated and improved. This makes it easier for buyers because they won’t have to wait for you to do all the work and it will make their life easier.
You’ll also sell your California house faster if it’s clean, clutter-free, and staged properly! Buyers need to imagine themselves living in your home. If there are toys all over the floor or dirty dishes piled up in the sink, your house won’t look as appealing to them. Make it easier on the buyers by making it look like they could move right in…
Give yourself enough time to sell your house
If you have a deadline for moving, give yourself enough time to find a buyer and get the process going. If your goal is to sell your California house fast, giving yourself a few extra months doesn’t hurt!
Make sure you’ve done everything that needs to be done for the sale before setting an actual date. You don’t want to have buyers coming to look at the house only to find out that you haven’t fixed anything or that your appliances are broken. You also don’t want to rush into selling just because of a deadline and end up accepting a low-ball offer from an unqualified buyer.
Set aside enough time for all the steps it takes to sell your house before you put it on the market
Have your paperwork ready to go
Once you find a buyer, one of the next steps is getting approved for a mortgage. This sounds simple enough but requires quite a few documents from both you and your potential buyers. Be prepared when you take out pre-approval to present the required documentation to get the process started.
Be prepared for this step in the house buying process by having all your paperwork ready to go! You will need lots of different documents from everyone involved, so make sure you have everything before agreeing to a sale.
You should also be aware that there are many steps in the mortgage approval process and it can take some time for them all to be completed. If you are under a time crunch, it might turn out that you don’t qualify for the loan or that the buyer doesn’t qualify because they didn’t submit everything needed on their end.
You may need to lower your price during negotiations
If there is little demand for housing in your area or other homes aren’t selling, lowering your asking price might be the best thing you can do. You need to make sure that the price is fair and that it reflects the market value of your house.
While many factors go into what you should charge for your home, research shows that most California homes were able to sell within 96% of their original asking price. This means that if your home was on the market for 6 months and there were 6 other homes in your area that hadn’t sold, it might be time to lower the price!
People are often afraid to lower their asking price but don’t make this mistake. If you wait too long to lower the price, people might think something is wrong with your house or that you are desperate to sell.
Choose the right time to sell
If you plan to sell during the spring or summer months, don’t count on it! The best time to sell your house is in the fall or winter. This is when most people are looking for a house so you have more buyers.
If you want to sell your home quickly, choose the right season. Most people look for houses during the fall or winter, so there are more buyers available. Selling your home takes some effort and patience. You need to be prepared; know your local market, make your house look its best, and give yourself enough time before putting it up for sale. It can take a little adjusting: set a realistic asking price and expect negotiation. When you’re done with all this, you’ll have sold your California home!