FIRST TIME HOME SELLER
5 TIPS FOR FIRST TIME HOME SELLERS
Selling a home for the first time can come with a lot of stress anxiety. There are lots of questions running through your mind since you want to get the best value for your home, but there are no guarantees that this is what is going to happen. Besides, the real estate industry is flooded with shark-like real estate agents who will take the slightest opportunity they find to exploit you should they realize that you are uninformed. If you are a first time home seller, use these tips to increase your chances of closing the sale with a better deal:
Have a realistic price for your home right from the beginning
Many first-time home sellers tend to be over-ambitious and price their homes slightly higher than the actual value or the market value of similar homes in their neighborhoods. This not only scares away potential buyers but also can also make the property stay on the market for a long time. When a property stays on the market for long without being sold, buyers tend to develop a negative perception towards it, and you may end up selling it a far much lower price.
Get the right agent
Some first-time home sellers think that using the realty services, such as an agent when selling their home is not necessary, or they may not want to pay the agent’s fees. But this is a misinformed notion since the agent will make the process easier and faster compared to doing it alone. They have experience in the field and can advertise your home in the right places where it will attract the right kind of buyers. Additionally, they are knowledgeable about all the necessary paperwork and they will see to it that the sale is above board, and you are in compliance with all the necessary regulations and bring buyers to the table through their realtor network.
Be realistic about your home value
For first time home sellers, the idea of the first move can be a little daunting. You need to realize that there is no relationship between the assessed value and the actual market value of the home. You need to be prepared for this and have in mind that the value of your home is actually what buyers are willing to pay for it. You may need to do renovations and take care of valuations amidst other fees and these may not necessarily be reflected in the final sale value.
If you get an offer, move fast
The moment you get an acceptable offer from a potential buyer, and you agree to sign the contract, you need to start moving fast toward the closing. Many first-time sellers tend to underestimate the speed at which their house might sell, and it is imperative to have a plan in place so that you know where you will move to once the house is sold, again where an agent helps.
Only sell when you are ready to sell
Finally, if you are a first-time seller, only sell your house when you are ready. Start by determining where you will be headed to after the house is sold then look for a local agent in good time. Also, be sure to present your house in the best condition and at a fair market price.