What is the best way to sell a home?

What is the best way to sell a home?

 

Ask Phyllis: a blog series of frequently asked real estate questions published in the Crescenta Valley Weekly.
Note this Q & A was written before the La Crescenta real estate market changed. 

Dear Phyllis,

For more than twenty years, I have lived in the La Crescenta home I inherited from my parents. As a struggling single mom, I am afraid no one will want to buy my home because it needs so much work. I have three children, and my home reflects a lot of wear and tear. I was thinking about calling one of those companies which buy houses for cash. What are your thoughts on the best way to sell a home?

Donna

Each home seller has different needs and goals; therefore, there is no cookie-cutter best way to sell. However, you couldn’t pick a better time to sell a home that needs sprucing up. La Crescenta listings are at a premium, no matter the condition. Before you commit to selling to anyone who will pay cash for your home, meet with a local Realtor. When I meet with potential home sellers, I provide them with two values, one selling AS IS and one selling with minimal repairs. You may find that making minimal repairs will significantly increase your bottom line. Many other Realtors and I offer programs where we can upfront the costs of desired repairs and receive reimbursement when escrow closes.

Remember that the cash buyer intends to purchase your home below market to resell it at a higher price. They expect to earn a profit. Typically, you will sell for a substantially higher amount when hiring a local Realtor. A Realtor should create a custom marketing plan to attract the most offers and a bidding frenzy. Although you will pay a commission to the buying and selling agents, it will be money well spent as you will sell for a higher amount. After you meet with a local Realtor, call a company that purchases homes for cash. Once you learn how much they pay, you can determine which selling method makes the most sense.
Whatever option you decide on, I wish you the best of luck with your sale.

Related Posts: Why choose Phyllis Harb to sell your home?
How to sell a Los Angeles home held in trust?
How to hire a great real estate agent