Selling Your First Home: What You Need to Know

You’ve finally saved up enough money to buy a new home. Congratulations! But before you start packing, there are a few things you need to know about selling your first home. Selling a home for the first time can be daunting, but don’t worry – we’re here to help! We will discuss everything you need to know about selling your first home. We will cover topics such as pricing your home correctly, preparing it for sale, and negotiating with buyers. So whether you’re just starting out or you’re ready to sell your home, this is for you!

Get an agent who is knowledgeable about the market

If you’re not familiar with your local housing market, then now is a perfect time to learn. Get an agent who is knowledgeable about the market and can guide you through it all. With the internet, it’s easier to research the agents’ professional history. Research carefully so you can find the right agent to work with. Look into their profiles, check how long they’ve been in the industry, how many sales they’ve done and the reviews from the sellers they’ve worked with. Check how and where they market their listings.

You may be tempted to sell your home on your own to avoid paying the fees, however, an experienced agent earns the said fees. They will list your home to a market that will get the best offer possible and negotiate on your behalf. They will also work with other professionals such as title companies, surveyors and appraisers. If you do it alone, you’ll all have to do the legwork, which can be tedious.

Price your home correctly

One of the most important aspects of selling a home is pricing it correctly. You want to make sure that you are competitive with other homes in your area, but you don’t want to price it too low and lose out on potential profits. Pricing it too high may turn off potential buyers who may not even consider looking at your property. It’s important to get it right the first time.

Looking at the comparables in your area is also an option. This is a list of recently sold houses that are similar in size, style and features as your house. This will give you an idea of what to expect about the prices of houses being sold in your area.

You can also check online listing websites and filter them to see the houses being sold in your area. This will give you an idea how the prices look, and give you an idea how much you’ll sell your home. Houses that have multiple price reductions may be a red flag to some potential buyers as it may seem that there’s something wrong with the property. You may want to make sure to do less to no price reduction to attract more buyers.

Pre-sale inspection

This is a crucial step in the home-selling process. It will help you identify any potential problems with your home that you may not have been aware of and give you time to address them before putting your home on the market. This is a wise investment, but it’s still optional if you’re confident about your home.

You will be able to speed up the selling process by opting to do the pre-sale inspection. You can do the repairs and home prep work at the same time. So when your house is listed, it’s all ready to sell headache-free.

Say no to unnecessary upgrades

Most homeowners upgrade their home before they sell it. But, more often than not, these upgrades don’t actually increase the value of your home. In fact, they can sometimes do the opposite and scare away potential buyers.

If you plan on upgrading your home, make sure that it will have a high return of investment. Otherwise, it’s best to just stick with the basics. It won’t make sense to upgrade if you will break even or worse, lose money on the sale.

This is where a good real estate agent can step in. They can guide you on what upgrades will make your home more appealing to buyers and they may even be able to find a buyer who’s willing to pay top dollar as is. They often know what people expect in your neighborhood so you can plan your upgrades accordingly.

Get professional photos

It’s important that your home looks its best when you list it on the market. One way to make sure this happens is by hiring a professional photographer to take pictures of your property. This will ensure that potential buyers see all the great features your home has to offer.

A professional photographer knows how to make the rooms appear bigger and more attractive in photos. Poorly lit or angled photos may turn the buyers off before they even get to see the property in person.

Takeaways

There are multiple steps you need to take before your home is listed on the market. At the end of the day, it’s all about you and your priorities. One of the best things to do to sell your house quickly is to make a good impression.

We buy homes for cash! We’ll help you start the process to make everything easy for you. Reach out to us to learn more.