We’re in the midst of a sellers market. Inventory is low and the buyers are out. It’s a perfect time to sell.
Selling a home for the first time can be extremely stressful and exhausting. A first time home seller who has a top producing agent in their corner will have a much greater chance of a smooth and successful home sale. If you’re selling a home for the first time, its important to understand what the home sale process entails, what costs are associated with selling a home, and many other very important aspects of the home selling process.
Check out the tips below – these tips will put you in a much better position to sell your first home and will make the home selling process seem rather easy!
Prepare Your Home For The Market
Before selling a home for the first time, it’s important you make sure your home is show-ready as soon as it’s listed for sale. One of the biggest suggestions for any first time home seller is having a home inspection completed before the house is listed for sale. The likelihood that a home buyer will decide to have a home inspection is very strong. Today’s home buyers are scared away from homes relatively easily and correcting problems that an inspector finds before listing your home for sale can greatly decrease the chance that a deal may fall apart due to a buyer getting scared off.
Another excellent way for a first time home seller to prepare their home for the market is by making low-cost home improvements before listing the home for sale. Just a few of the most popular low-cost home improvements to consider making before selling your home for the first time include; Freshly painting rooms, Professionally cleaning floors and/or carpeting, Replacing outdated light fixtures, Replacing outdated hardware on cabinetry.
Hire A Top Producing Listing Agent
First time home sellers need to understand the importance of having a top producer representing them during the sale of their home. Not all real estate agents are the equal. Be sure you interview at least 2-3 Realtors. A first time home seller who knows how to properly interview prospective real estate agents will have a much greater chance that they hire a top producer.
Understand Your Local Real Estate Market
Real estate markets can vary significantly from one neighborhood to another. First time home sellers need to understand what the current state is of their local real estate market. A sellers market typically will lead to lots of demand for a property and the possibility of receiving multiple offers. Before you decide to sell your home for the first time, it’s important you ask a real estate professional their analysis relating to the current state of the local market!
Price Your Home Correctly
The number one reason a home doesn’t sell in real estate is because the property is incorrectly priced. First time home sellers often have no clue on how a listing price is determined in real estate. There are many different ways a listing price can be determined and it’s important that you understand the various ways. The most common real estate pricing practice is a comparative market analysis that is completed by a real estate professional. A comparative market analysis, also commonly referred to as a CMA, can be summarized as a review of local active homes for sale, past home sales, and also past expired listings.
It’s critical that first time home sellers avoid some of the inaccurate ways to price a home, such as using the homes assessed value or using an online home valuation estimate, such as Zillow’s “Zestimates.”
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