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Need to sell your Riverside County home?

While things are mostly looking up, Riverside is subject to unique real estate conditions that make some homes a little challenging to sell than their similar counterparts.

Having to re-list your home or having to watch the seasons change in an attempt to find a buyer, are both bad signs in Riverside county. Desirable properties are moving, and if yours isn’t, your home may not be what buyers are looking for.

This can be attributed to a number of factors, and some of them are within your control. Other factors, such as the home being in a bad location, or in bad condition without the needed finances to make renovations, may be more difficult to work around.

If your savings account isn’t overflowing and you don’t have a lot of time to wait for all of the necessary repairs to be made, making repairs to the home isn’t feasible. Sometimes, repairs also cost more to make than the value they’ll add to your home.

If your property would be considered to be in especially bad shape, run down or vacant with squatters, you might want to think twice about your decision to repair the home. These repairs will get expensive, running up a tab of tens of thousands of dollars.

This isn’t a great investment on your part if you won’t see a return.

What are properties selling for in Riverside County?

Riverside County has some clear high, middle, and low average values. Where your home falls in these categories can help determine it's sellability

While the median value for all homes in the county sits at $335,200, the numbers that create this average are all over the board. Casablanca sets the foundation for the lower end, and Alessandro Heights’ high value properties hold up the steeper end.

The majority of families who move to Riverside County from other counties are doing so because they find the higher-end homes to be reasonably priced for the area.

Neighborhoods like Hawarden Hills and Alessandro Heights see a lot of buyers who are looking to move away from the bustle of Los Angeles County without leaving Southern California.

These are most like your typical luxury homes in exclusive communities, which causes them to command such a high value. With these properties in the county, the lingering effects take hold on properties that would be deemed average.

High value homes in an area boost the surrounding homes, and homes that aren’t well maintained tend to fall even further in value – especially since buyers know there are better properties in the area.

Homes that aren’t desirable tend to see a series of price cuts before they eventually sell, making the final sum substantially less than full market value.

How will the market effect your ability to sell?

Riverside was hit particularly hard in the real estate collapse, but the amount of recovery the county has seen is astounding.

Property values have been steadily growing, and are projected to continue on this modest path of growth. Though Riverside’s market health is relatively spectacular, this doesn’t mean that everything is perfect. About 15% of homes sell at a price cut, and 8% of homes sell for less than their previous sale price.

This means everything is selling, it just isn’t selling in the way most homeowners may expect. Buyers are focusing their priorities on higher value homes, especially while these homes are going for values that are very affordable when compared to similar homes in neighboring counties.

This is the largest real estate draw, and it makes up the backbone of the current market’s health. These transactions are the largest contribution to the market, and lower value homes fall secondary to these sales. If you live in one of these higher value neighborhoods, your property won’t sit on the market for too long.

Most of these properties sell within 90 days, which is a very reasonable timeframe for parts of the country with active real estate markets. If your home isn't among these types of properties it may be a good alternative to consider working with a real estate investor to unload the home quickly.

Riverside County 2018 Market Overview

© Zillow

Riverside Market Trend

© Zillow

Why choose a real estate investor?

If your situation is less than ideal, real estate investors are willing to purchase any and all properties that a traditional home buyer will often stay away from

Home investors aren't concerned about a real estate situation that is less than ideal. Whether the home is run down, in a bad location, is facing foreclosure, has liens against it or any number of other situations; an investor is almost always interested.

Since traditional buyers want to purchase the best home that fits their budget, and they don’t want to wait to move until after repairs or renovations have been made, this can make selling your home on the market long, difficult and costly.

When you opt for an investor, they will make an offer on your home that excludes the costs of any repairs that need to be made to bring it up to marketable standards. They will also work with whatever situation you may be facing, so the transaction is as smooth as possible for you.

This means the burden of dealing with repairs, impending foreclosures, a home with bad tenants or squatters, no longer falls on you. You simply come to an agreement on the price of the home and hand it off to the investor to deal with.

We are willing to take on the burden of these repairs, renovations or whatever situation you may be in so you don't have to. We’re a team of experts who buy homes in cash and have helped over 450 sellers do so successfully.

All you need to do is contact us with information about the property you’re looking to sell, and we’ll be able to make you an offer. Dealing with a property that’s hard to sell can be a nightmare, and we know that. Let us help you find the light at the end of the tunnel.

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"I'm really glad we got ahold of you Doug - you were really on top of things."

-Anita S. Riverside, CA

Is your house robbing you of peace of mind?

If so, the longer the house sits, the more likely it will only cause more problems until the home is dealt with. We know what it's like to own a property that is causing you nothing but problems. If you need to unload your home for whatever reason, contact us today and lets see if working with us, may be the solution you need.

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