Selling a home can be stressful. To anyone who has been through the process, it’ll come as no surprise. It would actually be next to impossible even for the most zen person to maintain normal levels of stress given all the preparations the property needs, staging it, dealing with real estate agents, allowing prospective buyers into the house, evaluating offers, and finally, closing the deal. Of course, those who are going through the selling process for the first time are the ones who can feel the pressures the greatest.
The path to successfully selling a home the first time is indeed fraught with stress. There are potential mistakes that, once homeowners commit, can cost them tens of thousands of dollars in sales potential or equity. It’s no wonder why many people choose to work with ‘we buy houses companies, like Leave The Key, to avoid all the hassles associated with a property sale.
It doesn’t mean, however, that homeowners can’t do something to make the process easier. As a homeowner trying to sell your house for the first time, you need to be more strategic in marketing your property. Below are some tips on how you can increase the chances of your home getting sold quickly and for the right price.
- Don’t Involve Your Emotions in the Selling Process.
A home is a place that’s potentially full of both challenging and good memories. Make sure that you keep your emotions out of the way now that you’re selling it. You must realize that your house is already just a property once you begin preparing it for listing. Try to make peace with that idea before doing anything else or making any crucial decision.
During the preparation of the property, there may be portions of your home that you loved that require some changes. Yes, what’s best for the sale process may run against your property but always keep in mind that it can make the whole process a smooth-sailing one. As much as possible, detach your feelings from the sale, especially during price negotiations with potential buyers.
- Work With a Reliable Realtor
Hiring a real estate agent and getting professional assistance make the home selling process easier. However, only work with an experienced and reliable realtor. In this case, you’ll want to interview several qualified professionals before deciding on who to hire.
Questions you can ask prospective real estate agents include:
- How will you market my property?
- How will you determine the final price for my house?
- What costs should I prepare myself for in this process?
- What are the things that I need to do for my home to be ready for sale?
- Are you working alone or part of a team?
- What are your preferred ways of communication?
- Have you sold other houses in my area recently?
Go with the realtor who you feel most comfortable with and think is the most informed.
- Work On Your Property’s Curb Appeal
Giving your house curb appeal is one of the ways you can gain emotional distance from the property you once considered your home. Work on your house’s interior and exterior appearance while keeping in mind the improvements that will motivate your neighborhood or city’s average qualified buyers. Once you have the necessary information, plan things out in conjunction with your realtor.
Improving the curb appeal of your property not only makes your home appear move-in ready but also attracts prospective buyers and a higher value.
- Give Your Home the Right Pricing
The next step is to price your home competitively. Proper pricing is imperative so that you can cast a wide net for your property’s potential buyers, especially those trying to buy their first home.
Again, you must rely on market data and your real estate agent’s expert opinion instead of letting your emotions dictate the selling price.
Price your house right by researching comps or comparable sales. That’s why it’s a great idea to work with a real estate professional because realtors have a good understanding of the home values within your area. Use comps of similar condition and size to yours, which means that they’re close and near the same age as your property.
Also, note that many studies suggest that most homes tend to sell at or above the set listing price when homeowners accept an offer within the first week after putting their property on sale. However, that drops in the second week and continues to trend downward in the succeeding weeks.
- Time Your Home Sale
When to list a property for sale is an important strategy that no one should overlook during the selling process. Sellers typically sell their houses more quickly at the highest prices when listing their properties in early April, according to Realtor.com.
It’s important to note, however, that while many homebuyers are in full force looking for properties in the spring, some real estate markets have later peak times. That said, location is a significant factor to consider when timing your home sale.
Selling a home can be stressful and emotional, especially if it’s your first time doing it. Following these five tips, however, can set you up for success by helping you convince potential buyers that your property is really the one for them.