We buy houses in Los Angeles California and if you’re thinking about selling your house, here’s how much money you can get…
Sellers are asking about cash for houses in Los Angeles CA – they want to know how much they will get if they sell their house. If you’re thinking of selling and wondering how much you might get, this blog post will help to answer that question.
How Much Cash For Houses In Los Angeles California Can You Get?
An Important Definition
Since this blog post will be read by people all over Los Angeles CA (and surrounding areas), with various price prices reflected throughout the area, it’s difficult to write about a specific dollar figure. However, here’s an important concept that will help you understand how much people pay cash for houses.
On The Market: When a house sold “on the market”, that means it’s usually listed by a real estate agent and sold after several potential homebuyers in SoCal have seen the property and at least one has made an offer. Homes sold on the market will often be sold for approximately the same amount that other similar homes in the area have sold for. This is called “market price”.
Off The Market: When a house is sold “off the market”, that usually means the homeowner has decided to sell their home directly to a buyer instead of list their home. Homes sold off the market will often be sold for slightly less than their market price, this is called “below market price.”
At Homesmith Group, we are professional Southern California home buyers who purchase homes off the market. To learn more about what we do, fill out the form on our website or call us now at (855) HOMESMITH (466-3764).
You Might Be Reading This And Asking, “Why Would Anyone Accept Below Market Price, And Less Cash For Homes In Los Angeles CA Than Others?”
That’s a good question but there’s more to the story:
- Selling on the market usually means you’re selling it to a person who will choose to live in the house. They’re buying the house for themselves and their family. But when you sell off the market, you’re often selling to a company that might be investing in your home to turn it into a rental property or to renovate it and sell it.
- Selling on the market usually means the buyer needs financing. Selling off the market, in a private sale, often means that a professional home-buying company is will to pay cash for a house. (That’s why some people prefer to sell off the market – they don’t want to wait for the seller to get financing; they want to know they’ve sold the property right away).
- Selling on the market actually costs money, sometimes a lot of money. If your home needs renovations and repairs, you usually have to spend money to fix up your house before you sell it on the market. However, when you sell it off the market, such as to a company like us at Homesmith Group, you may be able to sell your home as-is – saving the money (and the time and hassle).
- Selling on the market through an agent will often result in commissions and fees to the agent for the work they did to sell your home. But selling off the market to a home buying company like Homesmith Group usually means no commissions or fees or closing costs.
How much can you get for your home? Selling on the market may mean you sell your house for more money but it takes longer and costs more; selling off the market may mean you sell your property for below market price but it’s faster and there are no expenses or fees.
Sell My House In Los Angeles CA
So, how much will sellers get in cash for houses? It depends on how you sell – on the market or off the market and that is determined by how quickly you want to sell and how much time and money you’re willing to invest to sell.
If you need to sell your house in Southern California fast, call us! We can close quickly (in as little as 7 days if you wanted to) which would save you thousands of dollars vs. trying to sell the property yourself and waiting for months.