Today is the perfect time to sell your unwanted house in Los Angeles and take advantage of the low-interest rates! Here are 5 things that you can do:
Price It Right!
Rule of thumb! If you want to Sell Your Unwanted House In Los Angeles immediately, you have to price it right. Spend a good amount of time on research. Do your due diligence. Check out the comparables in the area and make sure that you know and you analyze all aspects of the property. It would be nice to know if the property has a pool or access to a body of water or canal, when was it built, how far it is to the shopping center, grocery stores, schools, and any other points of interest in the area. You should be able to identify the appropriate price by using the most recent sales possible around the neighborhood. Always remember, if you make the price too high, you may not be able to sell it faster, but if you offer it far below the market price, prospect buyers may think that something is wrong with the house.
Sell to a Home Buyer
If you are in a hurry to sell your house, one other option that might be best for you is to sell it to a professional home buyer. they usually offer cash for houses in Los Angeles, and they may be able to close as quickly as you want to. These homebuyers usually have a large network of investors and they can just simply add you to their portfolio. You should be able to use this cash as a downpayment for the new house that you are eyeing.
Offer Owner Financing
Let’s be honest, a huge number of home buyers don’t have a flawless financial history on paper. They are looking for a lending alternative and they are trying to improve their credit history and situation. Offering owner financing might be a great idea. You can open up your house to more buyers and you can sell your unwanted house in Los Angeles quickly, just don’t forget to do a background check and a reference check. It would also be a perfect idea if you are looking for long term monthly payments. This would be the perfect option if you already have a downpayment for your new home.
Find a Property
The most important thing to do before jumping into your next purchase is to research. Do this before you take advantage of the low-interest rates. Check out the property’s access to shopping, groceries, schools, hospitals, and entertainment. Check if the taxes and zoning are paid. Verify if the house is in a property owners association because these will actually cost you over time and eat into your rental profits. Make sure that you conduct an inspection of that house that you really like. Lenders will require inspection anyway. You want to be sure that you chose a house with a good structure, a great curb appeal, and a comfortable floor plan.
Find a Mortgage
Let’s be honest, the mortgage rates are at a very low point right now. Hurry and take this opportunity. Lower APR or interest rates mean that the lenders are more willing to originate loans. Look around and compare all of the rates of mortgage companies. Pick the best one that will suit your financial situation. Always keep your credit score in mind, and get in touch with multiple lenders. Ask them what they can do for you. Pick the lender that has the lowest interest rate with the length of payment and type of loan that works for you and the property you plan on purchasing. Having a pre-approved letter in hand will give you the advantage when making an offer on your new house.