July 7, 2022 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

How To Get Your Investment Property Sold Faster

Acquiring an investment property in a state like California puts you ahead of the rest. The warm weather, sandy beaches, diverse communities, top-rated schools, job market, and endless activities make it a prime destination for home buyers. While such attributes can increase interest in a property, finding a suitable buyer is often more complex. Despite their best efforts, some investors purchase properties that sit on the market for months, resulting in a financial hardship they aren’t prepared to handle. 

Ultimately, if you can’t find a reasonable offer, you’re stuck paying for the property. The longer your investment property remains on the market, the more expenses you incur. Luckily, there are solutions to sell real estate faster. Consider some of these suggestions listed below. 

Home Improvements

While some buyers don’t mind purchasing a place that needs a little TLC, others prefer a move-in-ready property. They’re looking for something safe, healthy, and up-to-date that provides a level of comfort and convenience that meets their needs. Therefore, investors are encouraged to make home improvements to attract better offers and get their properties sold faster. 

A newly renovated kitchen, bathroom, or outdoor living space are all popular features to consider adding to your investment property. Unfortunately, not all investors have the capital or credit to secure money to make these improvements. A quick and easy solution would be to search for hard money loans Los Angeles or Venice Beach to cover the costs. 

These are short-term secured loans that allow you to borrow on the projected property value of your investment. You can use the cash to complete renovations and repay the loan once you’ve sold the property. The best part is they’re easier to qualify for, and you can receive funds in just a few days. 

Hire A Real Estate Agent

Selling your California investment property also requires extensive knowledge about the local market. If you’re not familiar with the area or commonly used selling practices, you may find it challenging to locate ideal buyers. Hiring a real estate agent could help you get your property sold faster. 

Real estate agents understand the market. They have access to many tools and resources to help them attract the right buyers. Real estate agents can assist investors with pricing properties, creating advertisements, hosting open houses, and more to secure a decent offer. 

Vamp Up Marketing

Exposure is essential to selling your investment property. If no one knows the property exists, you’ll have difficulty getting offers. Therefore, it’s necessary to invest time and money into marketing. Besides placing advertisements on real estate websites, investors should consider other methods. You can create social media posts, upload home tour videos, place for sale signs on the property, and put flyers in local businesses. 

Lower Your Asking Price

You want to make as much money as you can on an investment property. However, asking too much can backfire. Although the residence may have everything a buyer wants, they will look elsewhere if they can’t afford it. If your investment property has been on the market for several months, you may need to consider lowering the price. 

Evaluate comparable properties and market trends to determine the best rate. Ideally, you want to price your property to be more affordable than others while still allowing you to turn a profit. Even dropping the price by $5,000 could increase your offers quickly. 

Consider Other Investors

While most investors look to individuals or families to buy their properties, broadening your options for potential buyers could get your property sold faster. Independent investors and agencies are always looking for high-quality properties to flip and sell or rent. If you don’t have the money to put into renovations or simply can’t find a suitable buyer, an investor with deeper pockets will gladly take the property off your hands. 

Many experienced investors would agree that it’s a lot easier to buy an investment property than sell one. Ultimately, there are a lot of factors that play into your ability to attract buyers and get a feasible offer. It could take weeks, months, or even years to turn a profit from your investment. While you can’t control everything, making the right improvements, hiring a real estate agent, pricing competitively, and tapping into multiple marketing strategies can increase the likelihood of you getting your investment property sold faster. 

Related Posts

Inspiring Others Through Body Positivity

May 13, 2022

May 13, 2022

Navy Officer Janae Carey Teams-Up with 2022 Herbalife24 Triathlon Los Angeles . Video brought to you by Pudu Pudu.

Best Gifts for Mother’s Day in 2022

March 31, 2022

March 31, 2022

Mothers are the first teachers children have in their lives. They simply teach us everything we need to know about...

LAPD Operations-West Bureau Commences Community Police Academy

March 2, 2022

March 2, 2022

Pacific Area Community Police Station hosting 11-week program Submitted by the Los Angeles Police Department On March 29, 2022, Operations-West...

LAFD Arson Unit Asks For Help Identifying Suspect In Venice Trash Fires

March 1, 2022

March 1, 2022

By Dolores Quintana After the multiple rubbish fires were set this weekend in Venice near Paloma Court there was a...

Critical Need for Blood Donations on the Westside

February 28, 2022

February 28, 2022

American Red Cross, UCLA Health continue to face a national blood emergency By Dolores Quintana  The American Red Cross continues...

Stunning Music Academy in Brentwood will celebrate its Grand Opening, Sunday, February 20th.

February 18, 2022

February 18, 2022

Introducing the second location of the highly successful Angeles Academy of Music, which has become an icon of Westwood Village.  ...

Cedars-Sinai Urges Blood Donations

January 11, 2022

January 11, 2022

As 2022 begins, Cedars-Sinai is facing a critical blood shortage and is encouraging prospective donors to give blood as soon...

US Motorcycle Helmet Laws Mapped

January 5, 2022

January 5, 2022

At YoVenice we have spent years writing about news stories of motorcyclists with head and brain injuries from collisions. We...

Interview: Westside Food Bank Adapting to Challenges of the Pandemic

January 4, 2022

January 4, 2022

An interview with Bruce Rankin, Executive Director of The Westside Food Bank By Dolores Quintana We spoke to Bruce Rankin,...

Yo! Venice’s Best Westside Dishes of 2021

December 28, 2021

December 28, 2021

By Sam Catanzaro Whether it’s breakfast, lunch, dinner or anytime in-between, the Westside has no shortage of world-class food to...

The Best CBD Gift For Every Occasion

November 30, 2021

November 30, 2021

Thanks to the growing popularity of Hemp CBD, there’s a lot of new and unique CBD products that will make...

Venice Family Clinic Completes Merger with South Bay Family Health Care

November 9, 2021

November 9, 2021

Venice Family Clinic and South Bay Family Health Care, which have together provided more than a century of health care...

New French Restaurant Opens by Beach in Playa del Rey

October 20, 2021

October 20, 2021

Westside Dining Scene October 21, 2021 By Dolores Quintana There’s a new French restaurant open in Playa Del Rey according...

Breaking Barriers Through Sport

October 19, 2021

October 19, 2021

Ex-Navy Rescue swimmer and triathlete, Jordan Hunter is changing the statistics of African Americans not knowing how to swim and...