11 Real Estate Tips for First-Time Home Sellers
First-time home seller tips include staging your home, inquiring about your agent's commission, having professional photos taken, hosting an open house, and reviewing your listing online.
Selling a home is not the same as buying a home.
Buying a home usually involves emotions and feelings, whereas selling a home usually revolves around what listing agents refer to as maximising profit potential.
The advice provided here is applicable to first-time home sellers as well as any seller in need of a real estate refresher.
1 - Accurately Price Your Home
You don't want to give the wrong impression by overpricing your home and then lowering the price.
You also don't want to throw money away.
A reputable listing agent can assist you in this regard.
Don't go with your cousin's sister-in-law who is only interested in real estate.
You'll do much better if you choose an experienced real estate agent who sells a significant number of listings, preferably in your neighbourhood.
Your agent will research comparable sales and prepare a value estimate, also known as a CMA, for comparative market analysis.
2 - Home Staging Boosts Selling Power and Appeal
Inquire with your agent about preparing your home for sale.
Most homes look better when half of the furniture is removed.
If a buyer walks in and wonders if anyone lives in the house, you've done your job well.
Consider home staging to increase the value and appeal of your home.
The single most effective improvement you can make is to paint.
Don't let dings in the woodwork or scrapes on the walls make your home look neglected.
3 - When Is the Best Time to List Your Home?
Choose the best day to put your house on the market.
This time frame will vary depending on your local community, the weather, the time of year, and a variety of other factors, including the current state of your real estate market.
You basically only have one chance to present your home in the best possible light on the first day it's on the market.
4 - Inquire About Your Real Estate Agent's Standard Real Estate Commission
If the agent's standard real estate commission appears reasonable, think about the big picture and the benefits to you of hiring this person.
In order to determine performance, look at track records.
Don't expect a full-service agent to give you a deal.
Getting into a contract is only the first step; you must see it through to the end.
Regardless of what you read or hear, or the tendency of real estate websites to make the process appear as simple as a mouse click, your home will not sell itself.
It isn't.
You have no idea what you don't know.
You will almost certainly rely on the professionals you have hired to sell your home to get the most money from the sale.
If you try to pit agents against each other in order to compete for commission, you will increase the chances of getting a weasel.
You are not deserving of a weasel.
5 - Be adaptable when it comes to home showings.
When it comes to showings, be flexible.
If home showings are too disruptive in your life, consider taking a vacation the first weekend your home is on the market.
Allowing strangers to walk through your home and inspect your soft-closing drawers in the kitchen can feel a little intrusive.
Allowing a buyer and their buyer's agent to tour your home in peace and quiet is the best way to sell your home.
When the buyer's agents arrive, you should leave the house.
Anything you say has the potential to be used against you.
Furthermore, buyer's agents prefer to show properties without interference.
6 - Organize an Open House
Allow an open house if your home is suitable for one.
Not every house is a good fit for an open house.
If your house is near a major thoroughfare, there is a good chance that open house signs will bring in visitors.
7 - Inquire with your agent if the open house will be advertised online
Many home buyers have no desire to buy a home until they see an open house and fall in love.
8 - Demand Professional Photography
Of course, if you've hired a top-tier listing agent, he or she will most likely already provide professional photos.
It's not enough to simply get the right angle in the photo.
The most popular photos are colourful and detailed, and they entice.
Request that the virtual tour or photo tour be approved before it is published.
9 - Examine Your Listing Online
Look at your home listing on various websites to make sure the information conveyed is accurate.
Agents do their best to ensure accuracy, but because it is your home, you know the specifics better than anyone else.
If you notice a feature that is missing, contact your agent right away and request that it be added.
10 - Promptly Respond to a Purchase Offer
Try to respond to a purchase offer as soon as possible.
Many purchase offers include a date by which the offer must be redeemed.
Regardless, it can drive buyers insane if they are forced to wait for a seller to decide whether to accept or counteroffer their offer.
Remember, if you are selling because you need to buy a new home, you are no different when you are a home buyer yourself.
11 - Organize Movers As Soon As Possible
Schedule your movers as soon as possible.
If you want to move at the end of May, for example, which is the busiest time of year for movers, you may find it difficult to find movers on the day you want.
You can begin packing before your home goes on the market, giving you a head start on the process.
Being prepared will also give you peace of mind.
Selling can be stressful enough.
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