Is Now the Right Time to Sell Your Home in Los Angeles – 6 Questions to Ask

for-saleSince the Los Angeles housing market has rebounded nicely in many areas, homeowners that have been thinking about selling their house for a long time are wondering if it’s the right time to sell. If you are one of the many still on the fence about selling, then you might want to ask yourself these following 6 questions.

6 Questions to Ask to See If It’s Time to Sell Your Home in Los Angeles

1. Are You Running Out of Space?

Maybe your family is growing, or a few people are standing in line for one small bathroom or you just have accumulated more stuff and it’s getting a little cramped. If any of these describes your situation, then maybe it’s time to move.  It’s very common for a family to outgrow their existing home and need more space.

You could be running a business from your home and your home office consist of a small desk in your bedroom. Maybe you’ve dreamed of having your own man-cave (or woman-cave) but don’t have the space. The list of reasons could go on and on but if you are cramped in your own home, then maybe it’s time to sell.

2. Do You Have Too Much Space?

On the other hand, if your children have moved away and your house feels too big and empty, then maybe it’s time to downsize into a smaller house. A smaller house means less maintenance and lower monthly expenses like utilities, property taxes and upkeep. Less square footage means less house to clean and yard to take care of which can be burdensome as you become older. Downsizing your house and clearing some of your accumulated stuff can feel very “freeing” and at the same time put money in your bank account.

3. Has Your Neighborhood Changed?

Has your neighborhood changed since you first moved in?  Maybe what was once a quiet neighborhood is now noisy and crowded and the noise, traffic, busy roads and shops are getting worse every day.  Do you have new unfriendly neighbors that drive you crazy with noise, pets and cars parked in front of your house.  Maybe the crime rate has increased. They say the most important thing about real estate is Location, Location, Location.  If you don’t love the location that you are in, then it’s time to move to a neighborhood that you do love.

4. Do You Love the Weather Year-Round?

Maybe where you live has extreme weather conditions.  Are you tired of suffering through sweltering heat for 4 months during the summertime only to crawl out of your house when the scorching sun finally goes down, not to mention your electric bill?  On the other hand, maybe you’re tired of brutal winters where you must shovel snow off your driveway just to get in and out of your house. You shouldn’t have to suffer through this year after year.  Maybe now is the time to sell and move to a climate that you can enjoy the entire year.

5. Is It a Good Financial Decision

Home values have increased quite a bit over the last few years in Los Angeles. Although nobody can accurately predict the market, prices do seem to be at a peak.  If you sell your home now, you can take advantage to get top dollar for your home.  If you have lived in the home for the last two years or more, then $250,000 of your capital gain will be tax free and if you and your spouse own the house, then that increases to $500,000. If you want to get an idea of what your house is worth, you can go to websites like Zillow or Redfin.com.  Also, you might want to get an opinion of value from a real estate professional.

6. Are You Spending a Lot of Time in Your Car Commuting?

Do you find that you are missing quality time with your family and friends because of a long commute to work and back? This can add a lot of stress to your life and take away from your happiness and enjoyment.  Moving a little closer to work can mean more time spent doing the things you love with the people you love. Not only will it save you time, but will also save money, wear and tear on your car and lower your stress levels!

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5 Home Selling Mistakes To Avoid in 2017

house-sold-blogSummer is here and the Los Angeles real estate market is hot.  This is the peak time of year when many Los Angeles homeowners will decide to put their house up for sale. If you are making plans to sell your home this summer, why not try avoiding the following 5 mistakes to increase your chances for a smooth, quick transaction with fewer worries.

1. Jumping the Gun

Once you make the decision to sell your home, don’t forget to put it in the best shape for showing. Carefully paint, carry out necessary repairs, de-clutter, clean the landscape and stage the home, if need be. A pile of jumbled items is most likely not going to get potential buyers to feel like they want to live in your home.

You need to show that you maintained your home over the years by fixing red flags such as chipping paint, water stains, shabby furnishings and torn carpets. If you have to hire a cleaning service, don’t hesitate. You should also focus on staging, be it a professional stager or just rearranging your existing furniture.

2. A Picture Is Worth a Thousand Words

Make sure you use top-notch photography and actual photos of your home rather than taking pictures with your iPhone or pulling pictures off the internet.  Your agent should provide this service.

3. Doing It Without a Professional

An experienced real estate professional representing you can make a big difference in the whole sales process.  But don’t just hire any agent or a relative that has a real estate license.  Make sure you find a good agent who is seasoned and knows your local market and has good negotiation skills. An agent with good negotiation skills can alleviate much of the stress, time and legwork involved in the selling process. Ask questions and do your due diligence when interviewing and hiring an agent. Check for past and current listings and any negative complaints with the California Bureau of Real Estate.  Also, find an agent that you like and trust.

4. Attending Showings

You don’t have to be present during showings or open houses, even if you want to be fully involved in the sale. When the seller is in the house, potential buyers may feel somewhat intimidated, and may not feel comfortable expressing their true feelings about a property.

5. Overpricing the House

Overpricing usually costs you more days on the market without buyers or sales. This mistake can have very devastating effects on your ultimate sale price. Compare your price with others in the area by looking on Zillow or Redfin.  Take an unprejudiced look at your home and discuss different perspectives of pricing tactics with your agent to arrive at the best market price.

For a more successful transaction, it’s crucial for you to stay optimistic about the sale and detach your emotions.