Sage Advice for First-Time Home Sellers

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There’s a ton of advice out there for first-time home buyers; what about first-time home sellers? Most people end up selling their home at some point, and they typically want to do so as quickly and for as much money as possible. Sound familiar?

Hiring an experienced and knowledgeable real estate agent makes a significant difference, but there’s a lot you can do to increase the odds of a fast, lucrative sale. A few things to keep in mind include:

Make Your Home Move-In Ready

If you’re a first-time home seller, you probably bought your home as a first-time home buyer. Many of those who look at it will be too, and they’re not going to want to do a lot of work on it after moving in. Go through your home and take care of the repairs and other types of upkeep that could be deal breakers if left unaddressed.

Be Realistic

No one wants to lose money while selling a home, however, you’re only going to get what people are willing to pay. If your top objective is to sell quickly, you have to be willing to get less than you may have paid.

Don’t assume that your home will fetch whatever the appraiser or tax assessor says it’s worth, either. If you’re unwilling to sell for less, the only other option is to wait until prices go up.

De-Clutter Your Home

The earlier you start de-cluttering your home, the better off you’ll be when you start showing it. Hold several yard sales to unload as much stuff as possible. Donate other things, or sell them online. If you’re still left with a lot of clutter, consider renting a storage unit and temporarily housing it there. With less clutter, your home will be all the more appealing to prospective buyers.

Price Your Home Effectively Right Away

More people will be interested in your home in the first few weeks it’s on the market than at any other time. Buyers gravitate toward new listings, which tend to get the most exposure online. If your pricing isn’t practical, you’re going to scare most people away.

There’s just not time to constantly adjust the price, so work closely with your real estate agent to arrive at a practical and effective price from the start.

Add a Few Freebies

Are there appliances or other things in your home that you’d rather not take with you but aren’t sure you can sell or otherwise unload? Consider sweetening the deal by offering them as freebies. If nothing else, this strategy may help you get your asking price.

Depending on the local market, it might even help you get more than you’d planned. As an added bonus, you won’t have to deal with finding a new home for that stuff yourself.

Selling a home for the first time can be pretty overwhelming. By implementing the steps above and by hiring the right real estate agent, it’s sure to be a lot easier than you’d anticipated.

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