Friday, November 23rd, 2018

4 Things to Expect When Selling Your First Home

Once you decide to sell your home, you may feel intimidated by the long and arduous selling process. As a new seller, you may be unsure of what to expect from the process of preparing and selling your property. As you prepare to list your home, there are a few things to expect at each step of the process.

Prepare for Visitors

As a seller, you can expect visitors to drop in at various times of the day to tour your home with a Realtor. It’s strongly suggested that sellers always be prepared for potential buyers. You’ll have to keep each room of the house tidy and ready to show during the day. There are a couple easy ways to always be ready for potential buyers. Start by keeping wipes in a convenient place to make sure all surfaces are clear. Store your favorite cleaner in the bathroom so it’s always smelling fresh. Place rugs in high traffic areas to save you from the constant headache vacuuming every day. Although it may be inconvenient to keep it clean, it will help you sell your home quicker if it’s always presentable. 

In addition to these quick tips, you should make sure that you deep clean the home and run necessary maintenance checks. Get your carpets deep cleaned so they look new again. If you have slow moving or even clogged plumbing, then you should take steps to clear your drains. People doing a walkthrough of your home may use one of the bathrooms or check to see how the faucets run. Taking these steps early on will ensure that you are better prepared for potential buyers later on.

Hiring a Professional to Help

Hiring a professional to assist you with selling your property can prevent it from sitting too long on the real estate market and losing value. Though you’ll need to pay for the professional’s services, you can negotiate commission with a Realtor to save extra money during the process. If you want to save money on realtor commission, Clever Real Estate recommends shopping around for an agent, selling and buying with the same agent, being a good client for your agent, and making cost-effective home improvements. Consider your payment an investment to help you save time and money in the long run.

Staging the Home

Your real estate agent will likely suggest staging your home, especially if you’ve already moved all of your furniture out of the house. Staging the home allows potential buyers to envision themselves in the setting to ensure that they fall in love with the house. You may need to rent furniture to create a contemporary environment that is simple and attractive. Staging the house will also require you to remove all clutter and personal belongings that might be on display. Don’t forget to make sure that the outside looks perfect as well. As Legion Landscaping points out, your lawn is the key to making a great first impression. If your front yard is a mess, then it won’t matter how pretty the inside of your home is.

Selling It for Lower Than the Asking Price

When you work with your real estate agent on what you want to price the home for, it’s important to keep in mind that you’ll likely sell it for less than what it’s listed for on the real estate market. If the market is strong, you can expect for bidding wars to occur if you live in an area where the demand is high. Money Talk News explains, “careless pricing can cause you to lose money, and will probably add to your total frustration. If you set it too high then your home won’t generate enough buzz or attention. Price too low on the other hand, and you’re leaving money on the table.” You can benefit from multiple offers and earn more money than you listed the home for if your timing and location is right.

Selling your home for the first time can be intimidating for beginners. Knowing what to expect can allow you to exercise caution and feel more prepared throughout the selling process.