Two Reasons You Should Sell Your House in Los Angeles and Beverly Hills, CA
Two Reasons You Should Sell Your House in Los Angeles and Beverly Hills, CA | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert
If you're living in Los Angeles or Beverly Hills, CA and considering selling your home this year, you're in luck. According to a recent survey from realtor.com, homeowners are motivated to sell for two main reasons: to take advantage of the current market and make a profit, or because their current home no longer meets their needs.
- I Want To Take Advantage of the Current Market and Make a Profit
Selling your house in LA or Beverly Hills right now could be a smart financial move. The latest data shows that the average seller can expect a strong return on their investment. In fact, ATTOM reports that in 2022, the median-priced home sales earned sellers a profit of $112,000. This represents a 51.4% return on investment compared to the original purchase price. Even though home prices have slightly declined in some markets, they’re still much higher overall than they were just a few years ago. To get the best advice on how much you could gain if you sell your house this year, work with a local real estate professional.
- My Home No Longer Meets My Needs
Living in the same house for a decade is a long time. During that time, life circumstances change, and so do your needs. Whether you need more (or less) space, different features, or a location closer to your work or loved ones, your current house may no longer check all the boxes of what feels like home to you. It could be time to work with a real estate agent to find a better fit in LA or Beverly Hills.
Bottom Line
If you’re thinking about selling your house in Los Angeles or Beverly Hills, there are plenty of good reasons to do so. Take advantage of the current market conditions and make a profit, or find a home that better suits your changing needs. Connect with a local real estate professional to guide you through the process and help you achieve your goals this year.
Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value