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. The American Cleaning Institute recommends, “there are a couple easy ways to always be presentation ready. Keep cleaning wipes in a convenient place to make sure all surfaces are clean and shiny. Keep your favorite cleaner in the bathroom so it’s always smelling fresh and not overpowering. Placing rugs and mats in high traffic areas saves the carpet and 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.
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.