When you're ready to sell your property, there are three basic ways to do it. Each has its own advantages, and choosing the best method depends on which one suits your needs the best.
The most commonly used method is to find a real estate agent to sell your home for you. They handle the listing, the showings, and can typically get you a great price.
This method provides a great deal of convenience, but it has a few downfalls. One of the biggest is that the agent will get a commission for their work. This isn't unfair, of course, as they deserve to get paid for what they do. However, it's still money coming out of your profit and should be taken into account.
Another downfall is that you might have to go through several inspections and need to make some repairs before an agent will put it on the market. This isn't always required, but many agents will want your home in its best shape in order to fetch the best sales price.
Additionally, any buyers that go through a mortgage lender will need an inspection in order to get approved or offer a fair price. If your home needs a lot of work, this avenue might not be right for you.
You can also sell the home on your own if you're willing to do all of the work an agent would do. This means listing and showing the home, negotiating prices and terms, and dealing with contracts. It will save you on agent fees, but it's still best to at least have a real estate attorney to help with the documents and legal side. Additionally, you'll likely still face having to make repairs on your home, especially if your buyer is trying to get a mortgage loan.
Another option is to sell to a cash home buyer in Los Angeles. This is often an easier option for most people. It requires no agent, no fees, no listings, and no showings.
Instead, you get an offer for your home as-is, meaning you don't have to make costly repairs in order to sell. This may or may not be the same amount you would get if you put in some work and put your property on the market.
However, if you compare the financial aspects of each option on this list, you might find that you'll end up with about the same profit. For example, even if your cash price is not as high as the market sales price might be, if you need to spend thousands on repairs, the two prices will likely come close to one another.
While all three of these options provide benefits, it ultimately comes down to you. After deciding how long you're willing to wait and how much effort you're willing to put into the process, deciding on the best method will be much easier.