How to Sell My Los Angeles House and Upgrade to a Bigger House
Should I Sell My House To Buy a Bigger House... Now or Later?
Are you thinking of selling your Los Angeles house to buy a larger house?
If you're in the market for upsizing your Los Angeles home, and upgrading to a larger new home, we can help.
We buy Los Angeles houses of all sizes, and would like to make you a cash offer on your current house.
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If you're thinking about moving into a bigger house, you have a bit of a dilemma on your hands.
There's a lot to think about:
- Do you NEED a bigger house?
- Do you have a new family member on the way?
- Did you receive a big (and dependable) promotion or raise?
- What about just staying in the same house, but renovating it?
- How much do you owe on your current mortgage?
- Is now a good time to sell, and to buy a new home?
- How much will you be able to sell your current home for?
- What is your budget & price range?
- Which neighborhood(s) are you considering? Which school districts?
These are just a few of the many factors to consider when making the decision to upsize your Los Angeles home & buy a bigger home.
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Selling Your Los Angeles House to Buy a Bigger House: Where To Start the Upsizing Process
No matter what, you should start this process with one question:
"Why?"
Why do you want to sell your house & move to a bigger house?
The answer to this question will help you pinpoint the pros and cons of this major life decision.
Plus it will layout a set of factors to consider before pulling any triggers.
Digging Deeper: The Reason Why You're Planning to Upsize
For example, let's say your plan is to move into a bigger house.
Your reason why is simply that you're at a point in your life where you can afford something nicer and bigger, so you want that.
This is a great "dilemma" to have.
But is that what you really want?
Or maybe your reason why is that you have a new family member on the way, and know you'll need more room soon.
Is now the time, or should you wait?
- Selling your Los Angeles home,
- shopping for your new home, moving in to your new, bigger home,
- relocating,
- redecorating...
These all take time & energy.
Plus, selling your home & moving into a bigger one is a major commitment.
Are you ready to take the plunge?
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Weighing the Options: Selling My House to Buy a Bigger House NOW ... or LATER?
Now that you know your Reason WHY you want to move...
It's time to weigh the options of staying and waiting before you buy your next, bigger OR selling your home and buying a bigger home now.
Obviously, everyone's situation is different. This is a very important & personal decision to make with your family.
To help guide you, we will provide several key factors to take into consideration.
Upsizing Later: Staying & Waiting Before Selling Your Los Angeles House
• Pay attention to the market.
You'll always want to time your home sales during a "Seller's Market" when inventory is low.
These are the best times to get good money for your house because there are not as many homes for sale at the moment.
On the other hand, during a "Buyer's Market" you'll be able to purchase your new home for a better price.
Since you're upgrading to a larger Los Angeles home, you might want to focus on buying when prices are low (since you might save more than you'd gain by selling your smaller home in a hotter market).
If you decide now's a better time to stay, what should you do?
• Renovate to add value while you stay.
If you're going to be staying at your current house before you decide to see your Los Angeles home to buy a bigger home...
You might as well set aside some funds in the mean time for improvements & upgrades!
Your upgrades & improvements should be viewed as an investment.
Don't just focus on what you like. If you renovate, think about what will add the most value when the time comes to sell.
For example, things that add value to a home would be:
- Remodeling the kitchen & bathrooms,
- Upgrading the flooring,
- Adding carpentry features & new paint, or
- Even adding / remodeling an outdoor space (deck, patio, sunroom, landscaping, etc.).
Keep a moderate & subdued taste in mind, so that your improvements will add the broadest market appeal for when you sell, and this can be a win-win situation:
Live among the new and improved amenities till you move,
AND
Reap the benefits down the road when you sell!
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Upsizing Now: Selling and Buying Bigger Right Away
If you decide that you just cannot wait to move, consider the following:
• Choose the right Los Angeles Real Estate Agent.
Having the right Real Estate Agent to represent you is vital in making this process flow smoothly.
If you're planning to sell your current home & upgrade to a bigger home, you'll almost definitely be looking on the retail MLS listings.
You need a qualified REALTOR® to do the job.
When choosing a Real Estate Agent to represent you:
- Read their reviews,
- Check their references,
- Review their recent transactions, and
- Test their responsiveness & consistency
... All before making any commitments.
And most of all: choose a Los Angeles REALTOR® you actually like!
Because chances are this process will take 6 - 12+ months, and you'll be spending a lot of time together.
• Be very clear about what you want.
You're making a big purchase here.
Don't rush it.
Take your time to carefully think through your idealized home.
Even though you probably won't find the perfect match, it will make your search much more efficient.
Prioritize the features that matter to you most, like an updated kitchen, fenced in yard, or bathrooms for each bedroom.
The clearer you are about your dream house, the closer you'll be able to approximate it in reality!
• Consider selling your current house fast, for cash.
One of the most unpleasant parts of upsizing your Los Angeles home, and buying a bigger home, is selling your current home!
Depending on where it's located, how small it is, and its current state of renovation & repair...
You're looking at 41 - 65+ days on the market, on average (realtor.com).
Plus, you'll need to keep the house in showing-ready condition that entire time, and put up with all types of prospective buyers & Open Houses.
If you'd like to avoid all of that, and sell the house fast & hassle-free in a matter of weeks, then get a cash offer to buy your house.
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Our Home Buying Process: Selling Your Los Angeles House Fast
Deciding to sell your Los Angeles house to buy a bigger house is a tough topic to give suggestions on because it is such a personal decision.
However, if you take into consideration the points from above you should be able to make this decision easier.
Find out what we would pay to buy your home.
We'll get in touch with a ball-park offer of what we can pay to buy your house, plus since we'll be paying cash...
We can generally close within 2-3 weeks of our first interaction!
That said, we'll be the first to admit that selling to an investor like us is not for everyone.
While our way is faster, easier, and more efficient than any other option ... just like anything else, there are some down-sides as well.
To learn more about the many reasons why someone like you would (or would not) choose to sell your Los Angeles house to us, check out our:
- How It Works page,
- the Benefits of Selling to LABuyer, and our
- Frequently Asked Questions pages.
