Do's and Don’ts of Home Selling : 10 tips
for First Time Home Sellers
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Call 301-6132-403
TO SELL A HOME:
Call 301-613-2043
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If you are a first time home seller and
you are looking forward to clinching a sale in today’s competitive real estate
market, there are chances that you may find the entire process riddled with
lots of confusion.
Again, with economists predicting an
increase in home sales over the coming years, then it means that first time
home sellers should seek expert advice on home selling and also acquaint
themselves with the dos and don’ts of selling a home for the first time so that
they may avoid some of the common pitfalls that lots of first time home sellers
have fall into in the past.
Here are some 10 tips for homes sellers
that are worth your read particularly if you are a first time home seller.
1. Start with preparing your
home for the market
One of the most common mistakes that lots
of home sellers make is failing to understand the importance of preparing their
home for the market. Prior to selling your home, it is incredibly imperative
you ensure your home is ready once it has been listed for sale. There are a
couple of things that you can do in a bid to prepare your home for the market.
Among them is having it inspected prior to listing it for sale. In today’s open
real estate market, home buyers are turning away from homes that aren’t
properly presented , most buyers are looking for move in ready house, and hence
having your home inspected is crucial to increasing your chances of clinching a
sale. Another great way you can prepare
your home for the market is to carry out low-cost home improvements prior
to listing it for sale. For instance, you can put a new coat of paint to all
the rooms, replace outdated fixtures and have the floors and carpets
professionally cleaned.
. 2.Pick a reputable Realtor
Selling a home isn’t a walk in the park,
not only for first time home sellers but also for experienced home sellers as
well. As, such, it is important you seek the services of a top producing Realtor
to represent you when selling your home. But considering that all real
estate agents aren’t equal, you should therefore strive to pick an agent with a
proven track record of helping first time home sellers sell their homes
successfully. It is always good to interview at least 3 agents and ask for
marketing plan, track record of sales in the area.
3. Have a good understanding
of the local real estate market
Considering that local real estate markets
can vary significantly, then it is prudent you have a good understanding of
your local real estate market. For instance, some markets may vary depending on
the season of the year while others may remain stable throughout the year. But
the most important thing is to understanding your market. As such, talk to a
real estate professional and get their analysis in relation to your current
local real estate market.
4. Price your home
properly
One of the reasons as to why lots of homes
don’t sell in real estate is simply because they are priced incorrectly. In as
much as there are all sorts of reasons as to why lots of home owners fail to
price their homes properly, you should however refrain from making this common
mistake when selling your home for the first time. There surest way of avoiding
it is by talking to an expert and ask them to assist you price your home
properly. Talking to professional takes emotion out of it. To get a quick and
fast sale don't over price your house in comparison to what similar homes are
selling for in your neighborhood. A house properly price will attract buyers and generate offer quickly.
Make sure to compare home condition to similar homes that are in the market
,and recently sold to get accurate home
value
5. Know your next move
Prior to selling your home for the first
time, it is very important you figure out where you will be living next.
Planning ahead is crucial to saving money and time attributed with moving your
personal stuff. You can ask your real estate agent to help you find a suitable
home before you begin the process of selling your home. If you want to sell
your home so that you can purchase a new one, it is important you be
pre-approved for a mortgage. This is one of the best ways of figuring out what
you can afford and what you can’t afford.
6. Market your home
appropriately
Marketing
your home appropriately is equally important as pricing it properly. After all,
how do you expect prospective home buyers to figure out that you are selling
your home for a certain price. This why the service of experience Realtor comes
into play. Your Realtor will market your house to many potential buyers and
other agents that are working with buyers. Your real estate agent should also
be in a position to recommend other ways of advertising your home including
direct mail postcards and open houses.
7. Make your
home available for potential buyers
Lots
of first time home sellers make restrictions on when their home should be and
shouldn’t be shown to potential buyers , which definitely ends up hurting the
process of selling their home. To avoid this mistake, ensure your home is made
available to potential buyers so that they can contact your agent if they like
it. Otherwise, within days, potential buyers will definitely find another
suitable home hence forgetting yours.
8. Make your
home ready to move-in
Most
home buyers are not looking for fixer- up ,but move in ready home. Considering
that no new homeowners wants another to-do list these days, then it is prudent
you make your home ready for buyers to move-in any time they want to. Start
with doing all the necessary repairs and replacements that potential buyers are
likely to demand when buying your home.
9. Allow
Buyers to View with No interruption
Once
a potential buyer has made an appointment to view your house, it is very
important you let the buyers walk freely around the house to view it without
you following them. If the buyers come with their agent, let the agent guide
them through the house and let them know to direct all questions to your
Realtor.
10. Plan
your negotiation
When negotiating with a prospective buyer,
it is important you understand clearly what you won’t give up as well as what
you will give up. You need to know the kind of outcome you want in advance so
as to avoid haggling over petty issues that could potentially cost you the
sale. Negotiation is all part of sale and is give an take, so understand that
buyers are always looking for value and being flexible is the key. Your Realtor
should be able to guide you through the negotiation phase of the offer.
With these 10 tips for first time home
sellers, you will definitely have an easy time selling your home for the first
time.
Related Articles:
Keji &
Associates of Fairfax Realty is a team of licensed agents working daily to get
homes sold for our clients in all parts of the metro area. We delight our
clients by delivering world class service every step of the way and we
strive to create a win-win situation this is all part of our values and
beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com
or visit our website . www.metrohomesrealty.com
