4 Things You Might Not Know About Selling Your Home in Studio City

4 Things You Might Not Know About Selling Your Home in Studio City

Studio City, California, is a competitive real estate market. If you are listing a home for sale, it needs to stand out among the competition and attract qualified buyers. If you want the most out of your real estate transaction, the following tips will help you avoid common mistakes sellers make.

A good agent is like a good business partner

Photo courtesy of Pexels
No two transactions are the same for homes for sale in Studio City CA. Each property is unique, each buyer and seller has unique needs and goals and each negotiation requires a little different touch. When you have an experienced real estate agent you can trust, they act in your best interest. They ensure your goals and needs are met. They look out for relevant properties to increase your portfolio, and they screen potential buyers to ensure they are qualified. Think of them as you would a trusted business partner, and likewise, choose them with the same care and research as you would a business partner.

By hiring a skilled and experienced real estate agent, you will have someone on your side of the real estate transaction who has your interest in mind. When it comes time for negotiations, your agent will be adept at negotiating favorable terms for you. To do this, they need to have a clear understanding of what your goals and needs are. For example, is getting the highest ROI the primary goal? Or is it more important that the timeline is met to make your move to your next home?

When it comes to getting the best ROI on your home, an experienced real estate agent can help you identify improvements and upgrades on the property that will increase the value of your home. An experienced agent knows what buyers are looking for. More importantly, they know what buyers are willing to pay more for, and they know the features that will reduce the property's desirability.

Set the price low to get the highest eventual price

Photo courtesy of Pexels
When listing a home for sale, it is important to set the right price. It is tempting to set the price high; after all, you likely have a good idea of what your Studio City home is worth. However, the best way to drive the sales price of your home up is to set a lower price.

The first impression potential buyers will have of your home will most likely be online. They will be looking at many other properties at the same time. If they see a similar home, but yours is priced significantly higher, they will have the impression your property is overpriced, and they will navigate away. Setting it too low may also give them pause as they will wonder what is wrong with the property.

Alternatively, if the listing price is competitive, you will generate more interest in your home. More interested buyers will hopefully lead to multiple offers and drive the sales price of your home up. There is a fine line between being priced too low and too high. This is where your trusted business partner, AKA your real estate agent, will play a key role.

Timing matters

Homes for sale in Studio City CA are affected by the season, even in sunny Southern California. The winter season tends to be the slowest time of year for real estate. During the holiday season, most homeowners do not want to work on home improvement projects or try to navigate a move. It is a busy time of year when many anticipate having their home filled with extended family and friends.

Because there are fewer homes on the market and less competition in the winter months, it is less likely that you will be able to drive the sales price of your home up. However, homebuyers that are shopping for real estate during the winter months are serious buyers. They are less likely to be window shopping. This could be an opportunity for your home to stand out and sell quickly. Your real estate agent will help you leverage the best season to list your property.

The spring and summer seasons are when the real estate market heats up. It is a good time to move because kids are not in school. Those moving from colder weather areas to Southern California don’t want to pack up and hit the road in the middle of winter.

With the increased interest for homes for sale in Studio City CA during the spring and summer months, comes increased competition. On the one hand, this is good for sellers as it equates to more potential buyers interested in their property. On the other hand, it makes it more difficult to stand out from the competition.

A picture is worth a thousand words

Photo courtesy of Pexels
Having premium pictures and videos of your Studio City home for sale can lead to an increase in cash in your pocket. Many homeowners search for potential homes by using online listing services and real estate websites. Professional photographs can make the difference in a buyer clicking on your home to see more.

Professional real estate photographers know how to capture the right angle of a room to make it seem larger. They know how to highlight the best features of the home. They have the appropriate lenses, lighting, and all the tools necessary to make your home stand out.

Using professional video of the property has also been shown to positively affect the selling price of the home. Video provides an opportunity to tell a story about the property. Drone footage can capture the neighborhood and the vibe of the community. When you use professional photos and videos when listing a home for sale, you set the stage for gaining interest in your property.

Jonnelle Lewin has experience helping sellers list their homes and attract potential buyers in Studio City, California. If you are interested in hiring a real estate agent to list your home, contact Jonnelle Lewin today to schedule a free consultation.

*Header photo courtesy of Shutterstock

Work With Us

Witek Lewin Group brings an abundance mindset, drive, determination and a deep commitment to service to every one of his real estate clients, whether a first-time home buyer, a seasoned real estate owner or a celebrity client.

Follow Us on Instagram