Is this your first time selling a property? You might think you know everything there is to know about the process but there’s a huge chance that you’re underestimating the work and effort involved in selling a house.
So, before you find yourself troubled because of some crucial details that you may have overlooked, you might want to read this blog post. I’ll provide Tips for First Time Home Sellers which I have compiled over the last several years. This will help you make a profitable and seamless sale of any property that you may have.
- ESTIMATE REPAIR COST
Repairing and beautifying a house can be pretty exciting. But before you jump into making expensive repairs, you MUST first estimate the cost of the work that needs to be done and the cost of home renovations. How much it will cost varies and it can increase as time goes by, so make sure to account for extra expenses when you create a budget.
Don’t be carried away with house cosmetics or repairs only to overspend! Reach out to any contractors around your area so you can get an experienced person to calculate how much everything will sum up to. Estimating the repair cost will also allow you to add improvements that could increase the chance of your property being sold — it could also increase the value of your property!
But if you don’t have any budget for repairs or if you feel like spending money on repairs would be more than the market value of your home, you can also consider selling your property to a reputable home buying company that will buy it as-is.
- GET THE HOUSE READY
First time home sellers MUST also get the house into “showroom” condition before listing it. Remember, the first impression lasts. The first thing that buyers see is the curb appeal of the house. Make sure that they will like what they’ll see. Remove any personal items or memorabilia to help buyers picture themselves in your house. It’ll be hard for them to do that if all of your personal belongings are still inside the property.
One more important thing to do is to schedule a home inspection. This is to make sure that the electric and plumbing are in A-okay condition. This way the process will just run seamlessly and you can avoid hiccups in the middle of the transaction.
- DETERMINE THE PRICE PRICE YOU WANT FOR YOUR HOME
Once you’re done with the first two tips, it’s now time for you to do your due diligence. Do research about the price of houses around your area. Then start comparing prices based on the location, type of home, the condition and of course facilities.
One common mistake that first-time home sellers do is overpricing their house. We know that you want to get top dollars for your house, but let’s face it, most often than not, what you expected is usually not the price that you’re gonna get.
So make sure to do thorough research! Find out how much houses like yours are selling around your area to help you price your home right.
- START LOOKING FOR OPTIONS TO SELL
Don’t put your eggs in one basket. Before you start letting potential buyers through your front door, make sure to look for other alternatives on how you can sell your home. Don’t jump into a decision without weighing out things.
Again, if you have doubts about listing your property through an agent, you may want to consider selling your house to a credible home buying company.
At the end of the day, it will always be a decision that YOU will have to make. But one thing is for sure — if you do not have the budget to do repairs or the time to do all these hassles or if you just want to get rid of your property just as fast as you can, you can always choose the option to sell your house for cash.