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- Richard Haddad
- Pick a move-out date and work backward. If you’re gearing up to sell your home in California, timing can play a key role, for you and potential buyers, says Suneet Agarwal, a top Sacramento real estate agent who works with over 70% more single-family homes than average agents in his market.
- Interview at least 3 agents and hire the best match. Having the right agent by your side can make all the difference in your selling experience, move timeline, and your final proceeds, says Oriana Shea, a Long Beach area real estate agent who has been helping sellers for more than 26 years.
- Make necessary repairs to the house. Every home has its quirks, from that creaky floorboard in the hallway to the tap that drips just a bit. But when you’re preparing to sell, those minor issues can quickly become stumbling blocks to securing an offer.
- Set your asking price. Setting your home’s asking price can be akin to walking a tightrope. There’s a fine balance to strike: aim too high, and you risk alienating potential buyers, leading your property to gather dust on the listings.
- Find and Choose A California Real Estate Agent
- Decide When to Sell Your House in California
- Determine A List Price For Your House
- Prep Your House For Sale
- Market Your House to Buyers
- Negotiate Offers with Buyers
- Review Paperwork and Sign An Offer
- Conduct Inspections, Appraisals, and Closing Walk-Through
- Close on Your Home Sale
- Related Articles
The best way to sell your house is typically by hiring a real estate agent. We recommend interviewing at least 2–3 local real estate agents before signing a listing agreement. Comparing multiple options helps you find the best fit for your situation and could save you thousands on realtor commissions. There are several ways to find a great realtor ...
Sellers often find themselves balancing two primary priorities: maximizing their profit and minimizing the time their property spends on the market. Timing can significantly impact both the price and speed of the sale. See how pricing and market speed vary by season.
Pricing your home correctly is arguably one of the most critical steps to selling a house. The asking price you set can make the difference between a quick, profitable sale and a property that languishes on the market, potentially costing you thousands in the long run. A comparative market analysisprovides an estimate of your home’s fair value, bas...
Now the fun begins: it’s time to get your home ready for showings! There are several ways to prepare your home for sale, some quicker than others.
Now it’s time to actually list your home and host potential buyers! Here’s what typically happens next.
Currently, it takes around 47 days to receive an offer in California. With luck, you will receive multiple offers within just a few days or weeks of going live! The offer letter should contain the buyer’s offer price, whether they’re asking for any concessions, how they’ll finance the purchase, an estimated closing date, and an offer expiry date (t...
Once you’ve decided to accept an offer and you’ve talked it through with your agent, it’s time to review the contract and sign. Carefully review contingencies to understand all conditions that could allow the buyer to back out without penalty. After all parties have signed, your home is under contract. It typically takes 35 days to close on the hom...
After you’ve accepted and signed the offer, the buyer conducts their due diligence before closing: completing a home inspection, ordering an appraisal, and applying for financing (if they haven’t already).
You’re almost at the finish line! As the seller, you can attend the closing process in person or do your part electronically. In short, closing consists of a lot of paperwork, but your agent or real estate attorney can help you navigate the process. Once you and the buyer have signed all documents, you’ve closed on your home sale. The home’s sale p...
The Costs to Sell a House in California Revealed. Our guide breaks down all of the costs to sell your house in California, and we offer some tips to save money on your sale. Average Real Estate Commission in California.Knowing the standard commission rate in your area can help you avoid overpaying for a real estate agent and accurately estimate the...
- Finding a California realtor. Selling a home isn’t easy. It’s a high-stakes, complex transaction and requires a considerable amount of time and expertise to get a good outcome.
- Deciding when to sell. When it comes to selling a home, timing is everything. Waiting just one month to list could mean getting tens of thousands more for your home.
- Pricing your home. You need to have data to back up your pricing decisions. With a comparative market analysis, your realtor can help you maximize your earning potential.
- Preparing, marketing, and showing your home. Listing your home is about more than putting a “For Sale” sign in your yard. Use these pro tips to make sure as many buyers as possible see your listing.
- You are not required to have a real estate attorney or agent. While several states require those who purchase real estate property to work with a real estate attorney, in California this isn’t the case.
- California laws for selling a home require an escrow agent. In order to sell a home in CA, an escrow agent is needed. The property being sold, its title, and the funds involved are held in escrow until specific conditions are met.
- A transfer tax is imposed. The sale of a California property is taxable. The transaction triggers a county transfer tax and, in some instances, a city transfer tax.
- The seller must disclose information about the physical condition of the home. In California, the seller is obligated to disclose specific kinds of information about the home or property.
Oct 29, 2023 · However, industry standard ordinarily dictates that if you are selling a home in Northern California, the buyer pays the transfer tax. If you are selling in Southern California, the seller normally pays. In California, the county transfer tax (as of late 2023) is $1.10 for every $1,000 of the sales price, or 0.11%.
- California law requires sellers to disclose to potential buyers, in writing, any details about the property that may affect the potential buyer’s d...
- When you sell your California home, a title company will conduct a title search and write a Preliminary Title Report, often called a “PTR.” The tit...
- Buyers and sellers of California homes customarily use escrow agents to facilitate the sale. The buyer will deposit funds in escrow, and the seller...
- When real estate is transferred from a seller to a buyer, a document must be recorded at the county recorder’s office to show that the property has...
May 14, 2024 · As you sell your home in California, there might be various tax implications that need to be kept in mind: Transfer Tax: A fee that the county and possibly the city assess, typically equal to 0.11% of the sale price. Capital Gains Tax: These are federal and state charges on the proceeds from selling land. However, exemptions can exist for main ...
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Oct 18, 2022 · Property tax owed. Variable, ranges from 0.51% to 1.01%. The closing costs for a median price home in California ($839,460) — when a typical mortgage payoff is involved — may be more than 50% of the home’s sale price, or more than $400,000. Check out how California’s closing costs compared to national averages.
