It’s 2024 and the housing market still hasn’t normalized and yet many homeowners are thriving under the market conditions.
Wondering how and why? In this article we’ll explore the top 5 reasons why Los Angeles homeowners are opting to sell to cash home buyers.
1. Secure & Stable Transactions
The first reason many homeowners in Los Angeles are opting to sell their homes to cash home buyers is because of the stability that tends to come with it.
Cash buyers or cash home investors rather, like us at Osborne Homes, offer cash in exchange for your property as-is, without needing to make major repairs – that’s our job.
Selling to a cash home investor is good for security and stability as you aren’t running the risks associated with the traditional market such as funding failure, bad negotiations and buyers ghosting.
2. Buyer Contingencies
It’s becoming more and more common in Los Angeles to see buyers ask sellers for specific conditions to be met before they’re willing to pay for the home, while this can happen with cash buyers, it’s less likely to happen for a few reasons.
Firstly, on the traditional market mortgage lenders may require repairs to be met before a house is deemed perfectly livable, while a cash home buyer/investor does not.
Outside of general mortgage requirements, buyers in Los Angeles mostly expect a perfectly livable home thanks to the recent rise in California’s average pay – while not a bad thing, it does make for more picky buyers which lead many homeowners to simply sell to a cash home buyer.
Tired of the buyer-contingency-cycle Break free and sell your Los Angeles house to Osborne Homes!
Sell My Los Angeles House
3. Los Angeles Squatter Problem
Up next, we have an issue that’s rising rapidly in not only Los Angeles, but around California all together – and that is squatters.
In the previous section we talked about the rise in California pay. While this is a good thing, it’s also leading to many without homes due to a rise in rent prices as well – with that said, squatters are increasing by the day and sellers are left with no choice but to either try and evict the squatters by exercising their legal rights or simply sell to a cash home investor and let them deal with the problem at hand.
The traditional market is not an option for those dealing with squatters – sure, you can show a home with squatters living in it, but selling it? It’s not going to happen. No buyers is going to want to deal with the legal struggle that comes with squatters.
If you’re dealing with squatters, we wrote an excellent article on the eviction process and all about squatters rights in California and you should read it before you proceed with any form of sales.
4. Flexible Options
Unlike being limited to buyer contingencies, title companies and mortgage brokers – selling to a cash home buyer just makes sense and provides the seller with far more flexible options.
For the most part, you can choose when you close, choose when you get your cash and more easily negotiate your homes value.
5. Time to Close
Finally, the biggest reason that Los Angeles homeowners are opting to sell to cash buyers is simply due to the rate in which cash home buyers can close when compared to traditional real estate sales.
While Los Angeles is a fast moving city, it’s still behind the national average home close speed rate by sitting at 28 days when compared to the national average of 26 days.
Cash home buyers can close within 7-14 days or as soon as you’re ready – and the best part? You’ll get a check the same day of closing.
Need Cash Now? Sell to Osborne Homes Today!
Osborne Homes has been Los Angeles’ cash home buyer of choice for several years now – it’s not only because we deliver cash for your home quickly, but because we care about you and your situation and will work with you to find the perfect solution that makes the most sense for you.
Get your fair-market value offer today.
Sell my Los Angeles House Now!
