List Your Home For Sale in Los Angeles
If you’re considering selling your property, here are some key questions to consider:
1. What is the value of my home?
Most real estate professionals compare recently sold properties in your community that are comparable to yours to determine how much your home is worth. “Comps” is a term used to describe comparable homes. You can obtain an idea of the price range home buyers might spend for your house by comparing the sale prices of different comps.
When looking for comparable properties, take into account the number of bedrooms and baths, the home’s square footage, and any distinctive characteristics. The problem is that no two houses are alike, therefore you’ll have to modify for each specific feature; this is exceedingly difficult to do correctly for each comp. Fortunately, computers excel at this work. Use our home value calculator to get an estimate based on the most recent market data for similar homes.
Request an offer from us if you want more than just an estimate; it’s free and there’s no obligation to accept. We calculate the value of your house using the information you supply, current market trends, and data from hundreds of recent comparable home sales. We also have a team of local pricing specialists on hand to ensure you get the best of both worlds.
2. Do I have enough equity in my property to sell it?
You should have enough equity in your property to pay off your mortgage, as well as the expenditures of selling and moving. Many people also put off selling until they have enough equity to put toward their next home’s down payment.
Most homeowners do not create enough equity in their home to offset buying, closing, and moving fees until they have been in it for about five years, according to recent statistics from Bankrate.
It’s possible to have negative equity in your property, which means you owe more money on it than it’s worth. This is referred to as being “underwater” on your loan. Selling your property for a far lower price than you paid is usually a last resort.
Knowing how much equity you have in your home is an excellent place to start when deciding whether or not to sell it. You can determine if your equity will cover the costs of selling once you know “how much of your home you own.”
4. How long will it take for my house to sell?
Consider your moving timetable and how the timing of your move may affect your goals when deciding whether or not to sell. Selling a home takes longer than intended, which can have a financial impact. It can cause you to miss out on a career opportunity, incur costs such as storage fees or temporary accommodation, and, of course, selling a home requires you to maintain it.
Days on Market is one of the most reliable indications of how long it will take to sell your home (DOM). This is a real estate metric that measures how long a home is on the market from the moment it is listed to the time it is sold. Look at the average DOM for similar houses in your area to get a feel of how long it takes for homes to sell in your neighborhood.
The length of time a home stays on the market is ultimately determined by factors beyond your control, such as how “in demand” your neighborhood is, the number of homes for sale, and the market’s seasonality—home sales across the country tend to peak in the summer, according to the National Association of Realtors (NAR). For additional information, please contact us right away.