Home Selling Tips for First Time Home Sellers

At first, selling your home seems daunting: You haven’t sold a home before, the market looks complex, and what worked for owners 10 or 20 years ago may not work today.

What steps should you take? Here’s a simple list to get you started:

  1. Define Your Goal. Do you want the highest sales price — or the biggest check at closing? They’re not necessarily the same. Imagine that two homes sell for $300,000, but one owner pays 2 points and agrees to replace the roof. The owner who sold
    without such costs got a bigger check at settlement. The bottom line: To have a successful sale you need to look at both price and terms.
  2. Times Have Changed. Today’s real estate marketplace is radically different when compared with 10 years ago. Purchasers now use the Internet, receive seller disclosure forms, get home inspections, and are routinely represented by buyer brokers. The result is that buyers can be better prepared than in the past.
  3. Sparkle And Shine. Imagine going to a supermarket and seeing dusty fruit or aisles filled with old shelving and cans. It doesn’t happen because the grocery store knows how to present its goods. Sellers must do the same. Get rid of things you don’t want to move, organize closets and storage areas, and clean everywhere.
  4. Mechanics Count. Buyers expect everything to work. Home inspections are now entirely common and what buyers miss, home inspectors will catch. Fix and paint things now and they won’t be an issue in the future.
  5. Set the stage. When buyers see your home, it’s show time. They want an environment where they can see themselves. De-clutter and hide knick knacks that will distract them from their dreams. Given them a show where everything is painted, arranged, and attractive, a home where the only issue is when to move in.
  6. Know the market. Real estate is local. I can explain current market trends in your community, including what’s selling, what isn’t selling, and why. This information is central to getting the optimal price and terms.
  7. Know the competition. Your property will be competing with other homes for buyer attention. Ask me how to be competitive — and how to have an edge.
  8. Be realistic. Markets differ by location and time. When interest rates are low and the local job base is growing, it’s great to be a seller. But when times are slack and mortgage rates are rising, homes also sell. The trick is to be realistic, to get as
    much as market conditions will allow.
  9. Have a plan. Real estate marketing involves far more than a sign in the yard and an ad in the paper. Successful agents use a variety of methods to attract and qualify prospects, including the latest Internet and communication advances.