Knowing how to sell your home is important, especially when it’s your first time selling your home. There are several aspects of the process to consider if you want to sell your home quickly and for the best possible price.

How to sell a home for the first time is not a process to be taken lightly.

It’s easy to make mistakes as a first-time home seller without the proper guidance.

6 Best Tips for First Time Home Sellers

1. Pick The Right Realtor

While it is possible to sell your home without a Realtor, it is not recommended. Buying and selling homes are the biggest purchases/sales you will ever make in your life, which means there is too much at stake with too many things that could go wrong.

Picking the right agent for you is very important as this will set the tone for how your whole experience will go. A good agent is skilled in managing all the details and helping you to avoid making costly mistakes. It is recommended to meet with and interview several Realtors before choosing one. Do your homework and choose a Realtor who will help you accomplish your home sales goals.

 

Wondering where to look for Realtor agents? There are numerous Realtor agents or Realtor teams. But you will want to look for a Realtor, or better yet a Realtor Team, with recent and positive client feedback/reviews.

2. Price Your Home Appropriately

If it is priced too high it can stay on the market for a long time, which can cause it to develop a stigma with potential buyers who might then believe that it is undesirable in some way and then provide you with low-ball offers. In the end, this can cause you to end up selling it for less than what you have planned at the start.

Picking the right Realtor who is helping you price your home correctly is another skill a good agent will have. it’s important to talk with your Realtor to go over all the information and set a good price for your home.

Everyone wants to sell their home for the highest possible price; but be careful, if you price it too high it will drive back away potential buyers.

The Realtor’s list-to-sale-price ratio becomes significant (meaning they have a good record of selling homes close to their original list price). You do not want to end up with an agent who blatantly misrepresents the value of your home by providing an unrealistic market value just to get you to sign a contract with them.

3. Know Your Local Market

There are a lot of factors that go into real estate markets, which is why it is important to have an experienced Realtor to help you have a clear understanding of what to expect. Your Realtor should be an expert in your local market.

It is important to have a basic understanding of the current market conditions in your area. Every area is unique, which means that what works in one area may not work in another. Your agent should know what homes similar to yours are selling for, and how to compare your home to recent sales of those similar homes to decide on the best list price. The more your Realtor knows about your area, the better job he/she can do when selling your home.

 

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4. Spend Time Getting Your Home Ready

If you want to sell your home for the best price possible, it is important to spend some time getting your house in the best shape before putting it on the market. Your Realtor will be able to advise you on specific things you should do. The following are some common examples of things you can do to make a significant impact on the first impressions of potential buyers:

Interior Home Tips:

· Paint any rooms that need a neutral coat of paint.

· Declutter as much as possible.

· Deep clean your home from top to bottom. This is one of the cheapest things you can do that will have a significant impact.

Exterior Home Tips:

· Make any necessary repairs to any obvious defects like rotted siding or trim.

· Tidy up any patios, decks, and walkways.

· Make sure your curb appeal is excellent.

· Freshen up your landscaping by pulling weeds, trimming bushes, and planting flowers for a pop of color.

5. Understand What the Costs Will Be for Closing

There can be a lot of extra costs associated with selling your home, so it is important to make sure that you know exactly what to expect. Before closing, your lender will go over all the numbers in detail with you, but if you’d like a rough estimate before listing, your Realtor can go over what is called a “net sheet” with you. The following items are some common expenses:

· Realtors’ commissions have different ranges by area, but most commonly are 6%. This is split between the sellers’ agent and the buyers’ agent.

· Home warranty plans are often included with the sale of the home. This is optional, but beneficial for numerous reasons.

· Pay to bring your property taxes current if taxes in your area are paid in arrears.

· Depending on the price range of your home, it can be common for buyers to request that the seller pay to cover their closing costs. Buyer closing costs generally range from $3,000 – $5,500. You can offset these closing costs via negotiating the sale price of the home.

6. Be Ready To Move If You Get An Offer

When you put your home on the market, you should be prepared to accept an offer at any time. When someone makes an offer on your home and you accept it, you will need to be ready to quickly finalize your plans for relocation and start getting your things set to be moved out of your home, in a hot sellers’ market, homes sometimes sell within hours of being listed.

If you are selling and buying a home at the same time, it can feel a bit overwhelming. Your Realtor will help you find a new home and make sure the timelines for closings match up so that both sales will progress smoothly.

Bottom Line

There are a lot of things to take into account when selling your home, which is why if you want to sell your home for the best possible price in the best time frame, you will want to make sure to start by hiring a good Realtor. Once you have a Realtor using their expertise to look out for your best interests, the rest of the pieces will fall into place.

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