Selling a home in California may not always be as fast or stress-free as you might expect it to be. The problem is that what most people think about is how everyone loves sunny California, but not how changeable the real estate market can be, and how it can impact selling a property. Indeed, even as desirable as living in California is, it can be challenging for homeowners trying to sell their properties due to the level of time, stress, and cost involved.
The good news is that even in a changeable market like we are seeing at the moment in California, there are always strategies you can use to help speed up the sale of your home. One option in particular is to work with cash home buyers in California like Premier Property Buyers who can buy your home for a great price, quickly in three simple steps. Working with California locals Premier Property Buyers means working with people who are not only transparent and trustworthy but that have an intimate understanding of the current real estate market, something that allows them to ensure you get the best deal for your home.
To find out more about the current California housing market, how it impacts those trying to sell their home, how you can speed up the process of selling your Californian home, and how Premier Property Buyers can help with this just keep reading.
Over the last few years, the California real estate market has been fairly changeable. Indeed, there are several real estate trends in 2024 that are significantly impacting the property market in California. Below you can find each one explained in detail.
Real estate market analysis shows that median home prices are rising in California right now. The California Association of Realtors estimates that the median price will be around $859,800 or more in 2024.
Another trend in California real estate in 2024 is that more people want to buy a house in the area than there are houses to buy, partly due to an influx of people from out of state.
In addition to median property prices rising, property taxes are also on the up in California. Indeed, from 2019 to 2023 property taxes in California rose a whopping 26%!
The trends above impact home sales in California in several ways:
The impact of rising median home price trends in California is that it continues to be a desired state in which to live, and so homes will continue to be in demand. This is good news for those selling their homes as there continues to be a high need for them.
However, high median home prices could also mean that some people will struggle to buy homes as they get priced out of the market. This combined with high interest rates can further compound the problem.
What this means is that there are not enough properties to fulfill the current need for California’s growing population, and housing supply shortages are common right now. The knock-on effect of this is that once again house prices rise because sellers can afford to ask more for their properties. This means right now California has become a seller’s market.
However, it is worth noting that as political, economic, and social changes occur, they further impact the shifts happening in the California real estate market. What this means is that while it is something of a seller’s market right now, there are no guarantees that it will continue to be this way in the future. Indeed, if sellers are looking to take advantage of the current real estate situation in California, and because selling a property can take an extended amount of time when a chain is involved, it’s likely that they will benefit from acting quickly before the market has time to change and become less favorable.
With property taxes rising in California, it can mean that some are struggling to stay in their properties because of the rise in living costs. After all, more tax is more to pay out and when you combine this with the rising prices of food and gas it may encourage some owners to downsize and/or move to less desirable areas to cut these costs.
However, it is worth noting that how a property tax value is assessed is not the same process as the way a market value is established. Indeed, the values can be up to 20% different which can impact a homeowner’s choice to sell or stay. Find out more about how Market Value in California vs Assessed Value works by reading our informative post on the subject.
For those lucky homeowners who are looking to sell right now and cash out before the market changes to a less favorable position, some effective strategies can help them expedite the process of selling their homes.
The first of these strategies is to invest in a professional photographer to take the pictures that will be on your real estate agent’s site. Yes, I know we all have cameras in our pockets but people do this for a living for a reason. That reason is they can capture your home in the very best possible light, highlighting unique features that will make it even more desirable to potential buyers. Remember it’s the photos of your property that get people through the door to take a look in real life so it’s well worth choosing a photographer that is experienced in taking pictures for residential real estate.
The market in California can be both changeable and competitive, and what this means is that you must set your asking price at the right figure. Too high and you will eliminate potential buyers as it will be out of their price range, whereas too low means you won’t be able to maximize the profits you make from the current seller’s market.
If you are looking for a quick home sale in California, another very effective tactic is to focus on curb appeal. This is because the first time a potential buyer sees your property they form an opinion about it, and you want this to be as positive as possible. Especially in California where outside living is commonplace.
With that in mind, there are a few tweaks you can make that will instantly make over the outside of your home. The first is to get a new front door, or at least paint the old one so it looks fresh and well-kept. Secondly, do not forget that an overgrown jungle of a yard will always put off potential buyers, so be sure to have your lawn mown, bushes trimmed and some flowers in bloom (pots are fine) before anyone comes to look around.
Personal clutter and items can severely impact the ability of potential buyers to imagine themselves and their families living in your property. The bad news is it’s this imagining that you want to encourage. Happily, you can do things to help those looking around your property envision their lives there including removing all personal photos and ornaments, making sure that all surfaces and floors are clear of clutter, and deep cleaning your home before you show them around.
You can also significantly increase the speed at which you can sell your home by choosing to sell to a cash buyer. When you choose to sell to a cash buyer you can skip a great deal of the hassle and time it takes to sell a home.
In particular, cash buyers often do not require an appraisal and will buy your home in any condition which means you won’t need to fund or spend time doing any repairs before you sell. Oh, and if you are wondering What Repairs are Required for an Appraisal?, just check out our detailed post on the subject to see whether a cash buyer would be a better option for you.
Now that you know that you can speed up the process of selling your home, and cut a great deal of the hassle involved in the process by using a cash buyer, you are probably wondering which cash-buying company to work with. Well, there are plenty of compelling reasons to use Premier Property Buyers for your home cash-buying transaction including:
The first of these is that here at Premier Property Buyers we pride ourselves on always offering a fair price based on market value comparison and condition to those looking to sell their home.
We also save you huge amounts of money in terms of agent fees, and if that wasn’t enough make the long tedious process of selling your home, fast and easy as well! There is no appraisal, listings, or repair needed when you choose us!
The next reason to choose Premier Property Buyers is that you are never just a number to us because we value the personal touch with all our customers. That means you’ll deal with Eric and Jackie, southern California locals when you communicate, not some faceless drone from a corporation.
We’ll be here every step of the way to answer all your questions, let you know where we are in the process, and find you a home-selling solution that matches your specific needs if you choose not to proceed, then there’s no hard feelings. We understand that selling a home can be hard, and you need to feel comfortable with every aspect before you sign on the dotted line.
Indeed, here at Premier Property Buyers, we pride ourselves on the importance of knowing the California market so much that we wrote a whole article on it called Why Local Home Buyers Understand the Californian Real Estate Market Best. As locals, when you sell to us you can be confident that we understand the latest market trends and challenges and can help you through them to a quick and easy sale.
Last of all, choose Premier Property Buyers because we have an outstanding reputation in the real estate business and we pride ourselves on always performing as promised. We hold ourselves to the highest standard ensuring that we are always 100% honest and transparent throughout the process.
Here at Premier Property Buyers, you’ll also find that we differ from other cash-buying companies because we never pressure you to sell. Instead, we’ll give you some time and space to review our offer, compare it with others and truly decide whether it’s the best option for you and your family.
If you are looking for home selling tips in California then be sure to remember:
Right now in 2024, it’s a seller’s market! But this can change quickly, so if you want to maximize your profits consider selling soon.
If you are wondering to yourself ‘How do I sell my house fast in California’ use the following tips to speed up the sale of your property and ensure you benefit from the maximum amount of profit as a seller:
In conclusion, it’s a great time to sell any Californian residential properties because the market is strong and the demand for houses exceeds the number of residences available. However, the market in California is changeable, so sellers cannot rely on the fact that things will stay this way forever.
The good news is that if you want to capitalize on this seller’s market in California you can sell your home quickly by using a variety of strategies. In particular, working with Premier Property Buyers can ensure a fast, hassle-free sale without the need for repairs, the hassle of listings, and the time of getting an appraisal. While at the same time getting the fair market value of your home.
If the question of how to sell my house fast in Long Beach, California, or the surrounding areas is on your mind, contact Premier Property Buyers at (714) 475-7526 to see how we can make your property selling process fast, and easy.
Our Promise
Premier Property Buyers is a company that purchases, rehabs, and then sells houses at a profit. Offers are made to sellers based on market value and repairs needed. Premier Property Buyers, will do everything possible to bring forth the highest possible offer to give the seller the most benefit from dealing with a fast sale. In addition, we are licensed real estate agents and can either buy your house for cash or help you sell the more traditional route. DRE Lic# 01918543.
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