Effective Tips for First Time Home Sellers

Selling your home is a big deal. You’re not just selling a house, you’re selling the life that you’ve created and all of the memories that go along with it. While selling a house can be exciting, it’s also stressful and an emotional experience. Here are some tips for first time home sellers to help make this process as easy as possible.

Find your reason for selling your home

There are many reasons why people choose to sell their home but it is important to find a reason that will work for you and your family. Decide what is most important to you when making this decision and talk to your real estate agent, they will help guide you to make sure you’re not selling prematurely.

Good reasons to sell:

Your home is too small or too big for your family
Job relocation
Retirement
Changes in financial situation
Divorce
Saving money on household expenses
The cost of maintaining your home (real estate taxes, insurance)

Know your market

It’s important to know your home’s value in comparison to other homes on the market and in the area. You should also know what buyers want and expect when they purchase a home.

If you’re planning on making repairs or updates before putting your house on the market, make sure that these repairs don’t decrease its value significantly – or else they might not be worth doing at all!

List of home improvements that depreciate your home in value:

Lavish Lighting Fixtures
Too Much Wallpaper
Texture on the Walls and Ceilings
Quirky Tiling
Too Much Carpeting
Bright and Bold Paint Colors
An Extremely High-End Kitchen
A Luxury Bathroom

Keep it simple, you’d be surprised how many buyers want to put their own spin on their new home.

Price it right

Pricing your home right and not too high is crucial for successfully selling your home. It will attract the most amount of buyers, who will be able to make an offer quickly. This can help with avoiding overpricing and saving yourself from having to wait for months on market to sell. Since some homes sit unoccupied for months on end, it can hurt house values if you are priced too high (or too low).

A well priced home will get the attention that it deserves and could sell much faster if priced correctly than another house that is priced higher but lacks interest by buyers.

It’s all about the buyer

To prepare your home for sale, you need to know what buyers are looking for. You can get this information by talking with people who have recently bought or sold a home.

If you meet a person who has bought or sold a house recently, ask them about their experience and what they liked about it. Chances are if they had a positive experience then there’s something in particular that stood out about their new home that made them happy with their purchase decision. You can then use this information as inspiration when preparing yours!

Consider staging

If you’re planning to sell your home, make sure it’s in good shape. That means making repairs and updates as necessary. You should also clean up clutter and make sure that everything is in working order.

Consider staging your home.

About 75% of sellers saw an ROI (rate on investment) of 5% to 15% over asking price, according to data from the Real Estate Staging Association (RESA).

This involves making changes like removing personal items from the walls and counters, moving furniture around, hanging freshly laundered curtains or linens in all the bedrooms, using fresh flowers throughout the house instead of family photos and decorations. If you’re no longer living in the home, the staging company will bring the furniture into the home and set it up as they see fit, for a fee, of course.

Get organized and get ready to be in the spotlight!

Get organized. You’ll need to gather all of your documents in one place and make sure they’re up to date, especially if you’ve been living in the home for a while.

Make sure you have your deed.

Get ready to be in the spotlight! With so much attention on you and your property, it’s important that you feel confident about what’s being shown and how it looks from an outsider’s perspective.

Selling a home for the first time can be a daunting experience. There are many different factors that go into selling your home, but if you’re prepared and ready to get organized, then it can be a smooth process! We hope these tips help make things easier on you when deciding what steps to take next in this process.