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Selling a Home in Silver Lake

Whether you are downsizing or upsizing, there may come a time when you need to sell your Silver Lake home. However, selling a home can be an extensive process, whether it is your first or second time or even if you’ve had multiple home transactions. From choosing the best time to sell your home to creating high-quality marketing materials, there is a lot to consider. Luckily, this guide can help. The Xuereb Group provides our clients with all the information they need to know in order to make the selling process as smooth as possible.

1. Sell at the right time

When first selling your home, it might be tempting to go ahead and sell whenever it is most convenient for you. However, nothing spells potential regret than selling at the wrong time. If you sell during a time when there is less interest, it could limit your potential pool of buyers, and you might not sell for top dollar. Ideally, you want to sell your Silver Lake home when there is increased demand and rising prices. Usually, the busiest time for sellers is during the spring market, otherwise known as the busiest time of year in real estate. Another great time to consider selling is during the summer, as many buyers are anxious to purchase a home before the start of the new school year. However, when living in an area like Silver Lake that experiences mild winters and ideal weather year-round, a savvy real estate agent, like The Xuereb Group, can help you secure top dollar at any time of the year.

Besides considering the season, research the condition of the real estate market. As of March 2023, Silver Lake is experiencing a seller’s market, meaning the demand for homes outweighed the supply. It is important to note that home values have been rising steadily over the past few years, indicating that Silver Lake real estate is an excellent investment. Knowing how the local real estate market is performing can help you to choose the best time to sell your home. This is also something a great real estate agent with knowledge and experience in the local area, such as those with The Xuereb Group, can advise you on.

2. Price it right

When buyers view your home online, the first thing they will likely look at is the price. They might see a lofty price tag and assume it is unattainable and out of their budget. Conversely, if you were to list your home at a price that is too low, you risk selling for less than the market value. To avoid either scenario, an experienced real estate agent can help you determine the best price to list your home for. They will compile a Comparative Market Analysis (CMA) which compares your Silver Lake home with other similar luxury properties sold within the past three months. A CMA will help the real estate agent come up with a competitive and fair price so that you can attract as many buyers as possible while getting top dollar for your property as well as their knowledge and expertise within the neighborhood

3. Prep for staging

As many as 82% of realtors have said that staging helps buyers see if the house is right for their lifestyle. Consider consulting a professional stager who can help you declutter and rearrange your furnishings to create a space that will appeal to many buyers. In addition, a professionally staged home often spends 73% less time on the market and sells for 25% more. Your local realtor should have ample recommendations to provide you for home staging services.

4. Invest in professional photography

With many buyers searching online, the first impression that they will have of your home will be with the photographs. Consider hiring a professional photographer with experience taking photos of Silver Lake luxury homes. A professional photographer knows what camera angles and filters to highlight certain home features. Professional photography will make your home stand out, making buyers more likely to make an offer. It is even likely to sell 32% faster with professional photography. Consult with your real estate team. If you are working with an experienced realtor in the area to sell your home, photography is usually an expense the agent takes on as part of their service to you, as well as having great photographers to use.

5. List your home on the MLS

One of the best ways to ensure that your home will reach as many potential buyers as possible is by listing on the Multiple Listing Service (MLS). The MLS is a comprehensive database that contains all homes for sale and ultimately connects sellers with buyers. Furthermore, by listing your home on the MLS, your home’s listing can be syndicated to other public listing sites, potentially attracting even more buyers interested in Silver Lake luxury real estate.

6. Market your home

In addition to listing your home on the MLS, adding additional marketing endeavors can help boost it to viewers. The Xuereb Group is able to help their clients by utilizing cutting-edge technology to help boost listings with COMPASS’ state-of-the-art technology. Once you identify your target buyers and their needs, you can determine how to market your home. For example, consider creating a single-property website if you wish to upload high-quality videos and photographs. Or, you could create a social media page to post regular updates and images of your property.  The Xuereb Group is able to help their clients by utilizing cutting-edge technology to help boost listings with COMPASS’ state-of-the-art technology and easily provide the best marketing endeavors for you and your Silver Lake luxury property.

7. Work with an experienced real estate team

From the initial consultation to final closings, it can help to work with an elite real estate team. A professional realtor can help you determine the best time to sell your home and will help you choose the right buyer to maximize your chances for a successful closing with minimal risks. They can also navigate the logistics of the process, such as creating contracts and navigating the buyer’s financing. By efficiently guiding you through the intricacies of the real estate process, you will have a stress-free selling experience.

Are you considering selling your home in Silver Lake or anywhere in Los Angeles? If so, schedule a consultation with the premier agents at The Xuereb Group. Real estate specialists Emmanuel Xuereb and Salvator Xuereb can guide you with everything from effective staging tactics to unique marketing strategies. The Xuereb Group can help you sell your home quickly and for top dollar, so reach out when you’re ready to get started. Contact Emmanuel & Salvator today to help you sell your Silverlake home.

*Header photo courtesy of The Xuereb Group

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