Being a first-time home seller can be an intimidating experience. There is a lot involved in the process, from listing the home, to showing it off, to making sure it is cleaned up and ready for sale.
However, before you put your home on the open market, there are some things to know. Knowing these things can not only help the selling process go smoothly, but can also help save money and get a larger profit.
With that in mind, this article is going to go over 5 things you need to know when selling your home for the first time.
You Don’t Always Need an Agent
When someone is planning to sell a home, one of the first things they will do is reach out to a real estate agent. However, they aren’t always needed. This is because selling a house by owner is possible. While it is not for every first-time seller, if you have an experienced friend or family member, you might be able to complete the process without the involvement of a full-service agent.
Also, there are several online platforms and services that can also help you sell. These might come with a small cost or fee, but will generally be smaller than the average commission that real estate agents will get.
Now, this isn’t to say that everyone should avoid real estate agents or that they don’t do good work. We are simply saying that it is indeed possible to sell without an agent, especially with all of the online tools and services available.
The Importance of Setting the Right Price
Choosing the right price is another incredibly important part of selling a home. Setting the right is crucial to both a quick sale, and one that gives you a sufficient return. If you set it too low, you simply won’t get the value you could have from the sale and could hurt your finances. But if you ask for too much, your home could sit on the market for months and months.
The most important part of setting the right price is research. You should look up the home prices in your area, to get a sense of the average. Next, compare your home to the others for sale in terms of quality. It is important to be realistic when comparing your home to others in your area, and not show your bias. If you haven’t done your research, you may not be sure of where to start, and could end up listing your home for the wrong price.
Keep Things Neutral and Depersonalized
When you are planning to sell a home, it is a good idea to present it as neutrally as possible. Everyone has different tastes, and you want to ensure your home can appeal to the most potential buyers. While you and a few potential buyers might like the yellow walls or polka dot wallpaper, most prefer more natural tones that they can add color to if they so choose.
This also means you should attempt to depersonalize the home before selling. You should remove all of your personal items, family photos and other things that other people might not appreciate or enjoy. The more a potential buyer can see themselves in your home, the better.
Ensure Your Online Listing is High-Quality
For many home buyers, their journey begins by looking online at properties. This method lets them search through hundreds of homes, without having to leave the comfort of their couch. Because so many people will see your home for the first time online, it is important to ensure your online listing is high-quality.
It should include a thorough description of your home, including many of the largest selling points and features. You should include things like the square footage, dimensions of each room, and an ample amount of pictures. The photos should be clear, bright and show off your home in the best light possible. Also, if you are selling without a realtor, be sure to respond to questions as quickly as possible from potential buyers.
The Curb Appeal is More Important Than You Might Think
While focusing on the inside of the home as a seller is important, don’t forget about the outside. It is the first thing a buyer will see when they approach your home for a viewing. If your curb appeal is poor, due to an unkempt lawn, blocked pathway or damaged siding, it can give people a negative view of the house before they even go inside.
You want to make the best first impression, so that people are happy and excited when entering your home, and not already second guessing their visit. The front entry should be clean, free of debris and your plants, flowers, grass and other landscaping elements should be well taken care of.
In conclusion, selling a home is a big step, and there are some things you should know before completing the process. By being aware of the aforementioned 5 things, you can ensure the home-selling process is quick, painless and hopefully leaves you with a profit you can be happy with.