Sell your house for cash · Los Angeles
They get paid at closing, out of the proceeds. Somebody told you the lien has to be cleared first, and that is where this stalls, because clearing it means finding money you do not have. You do not have to find it, and you do not front anything.
Somebody told you the lien has to be cleared before you can sell, and that is where this usually stalls, because clearing it means finding money you do not have.
In practice most liens are handled the same way every other payoff is handled: through escrow, out of the proceeds, on the day it closes.
A few questions, on the form or the phone: the address, what shape it’s in, what’s going on. Maisha usually picks up. Her job is to get me to your kitchen table, not to talk you into anything.
Day 0 · a few questions
I walk it with Marco, who sells the houses I buy and sits in on every seller meeting. You get the comps, the repair estimate and all three numbers on the spot. Not a “let me run this by my team.”
All three numbers, at the table
You choose, I execute. Cash closes in about 17 days at a local title company. On path two the renovation starts and I handle every contractor, permit, photo and showing.
Cash closes in about 17 days
A number that already accounts for what has to be paid off, so nothing moves at the end. If the payoffs exceed what the house is worth, I will tell you that early rather than late.
What it costs you. Nothing. No commission, no repair credits, and no closing costs out of your pocket.
Possible, and the arithmetic is the same: the payoffs come out of the proceeds either way. It becomes a question of whether the higher figure is worth the extra weeks.
What it costs you. My listing commission, and the renovation money comes back out of the sale proceeds at closing. Never out of your pocket.
Cash, funding or a listing, whichever the situation calls for. For when the house is not the actual problem.
What it costs you. Nothing up front. Whatever I advance, carry or pay for comes back out of the proceeds at closing, on terms you see before you sign.
Usually yes. Liens are paid at closing out of the proceeds, through escrow, which is the same mechanism that pays off a mortgage.
Same mechanism. The county gets paid at closing and the amount comes off the top.
Then a normal sale does not clear them and you need your attorney and the lienholders in the conversation. I would rather find that out in the first week than the fourth.
Yes. Title pulls the record once we open escrow, and it is common for something old and forgotten to show up. It is not a problem, it is just a payoff.
Start with the address
You’ll know all three numbers before I leave your kitchen. And if listing it the ordinary way is the better move for you, I’ll say so out loud.
Maisha or I answer these ourselves, usually the same day.
Or skip all this:
(323) 363-2731That’s my line. Maisha or I pick it up.
This form can’t send yet, so nothing was submitted.
Or skip all this:
(323) 363-2731That’s my line. Maisha or I pick it up.
