Deciding to sell your home is not easy, and probably involves a lot more work than you thought. So, what about selling a house in California, known for its high cost of living and luxury real estate? Here are all the things you need to know as a potential home seller in the Golden State.
Preparing your home for sale
While the average home value in California is at around $600,000 to $700,000, how much money you actually walk away with varies greatly. Many homeowners are surprised at how costly and time-consuming selling a house is. You can expect your total house selling expenses to easily eat up at least 10% of your home’s final sale price. Here’s what you need to take note of before listing your house:
- Clean it. All homes for sale go through its first open house or showing, so consider having a professional house cleaner do a deep clean before the first potential house buyers drop by.
- Stage it. The arrangement of furniture, home accents, and decluttering key areas are important in highlighting – and marketing – the most attractive and in-demand aspects of your home.
- Mow it. They say first impressions make all the difference, and that is what curb appeal is for your house. Investing in some flowering plants, walkway installations, or even just a mowed lawn can significantly increase your home value.
- Fix it. Home improvements can range from necessary renovations such as repairs or replacements of old systems, such as the roof, furnace, electricals, etc., to installing features that potential buyers would love, such as updated kitchen and bathroom appliances.
- Inspect it. Ordering an inspection before you list the property is optional, but it can save you from a lot of mishaps down the road. A pre-inspection can let you know ahead of time about any major issues that should be addressed or something to prepare for when negotiating with potential buyers in the future.
Negotiations and closing costs
The most crucial parts of your sale are the negotiations and the closing on a house. This means that you and your buyer have exchanged the property’s ownership documents and the money needed to purchase the home. California’s closing costs are the sixth highest in the country, typically including various fees and expenses such as transfer taxes, property taxes, attorney fees, and real estate fees to be split between the parties. As such, maximizing on the profits on the sale of your California home depends on knowing how to negotiate, and when to sell.
In the Golden State, the key to selling your home fast and for the best price possible is a local real estate broker with 30 years of experience, focuses on client priorities, and has a wide knowledge of real estate brokerage, residential design and construction, and strategic financial partnerships. The Peninsula Group Real Estate checks all the home-selling boxes and more, combining a thoughtful approach with a highly refined intuition in negotiating the best outcome for all parties. Give us a call today at 831.595.5045 or send an email to info(at)ThePeninsulaGroup(dotted)com.