Selling Your Home with Confidence: Tips for First-Time Sellers

by Old Mission Editor
3 minutes read

So many tips are being given on home selling. If only you knew where to begin with! Some homeowners get confused because they don’t have a big picture of what exactly will happen during the home-selling process. While it may differ from various areas, some general steps sellers should expect are the same.

The first thing to do is do some preliminary planning. Though you may not feel like it, this is the step that kick-starts the whole home-selling process. Your house needs to be fully prepared to accept a new owner. If you plan to sell your house and buy another one, always know for a fact that you’re qualified to buy a new one before selling your old home.

When you feel like you and your house are ready, it’s time to find yourself a realtor. Interview agents in your local neighborhood or ones that are proven with good experience. Ask how they would market your property and what kinds of additional commissions they offer. This is someone who’s going to be with you throughout the process, so make sure the chemistry works.

When you’ve made your decision about an agent, prepare the listing agreement. There are several types available, each one giving you a different level of involvement between you and the broker. Choose one that’s similar to the amount of work you’re willing to contribute to the home selling process – and how much money you’re going to spend.

The money from your listing agreement should come from the revenue of your home price, so make sure you set the price ideally. A too-high or too-low price will not help sell your home, as this may create a bad image for potential buyers. Check some cost analysis to get a rough value of your property and work from there. Don’t forget the costs you have to spend throughout the home-selling process.

If you set the price right, it’s highly possible that potential buyers would start calling for home showings. Prepare for this as well as you prepare your house for it. If you’re using an agent, leave the house whenever a client comes over. If you’re selling on your own, check the points you’re going to show the potential buyers and think about what you’re going to say.

Finally, if the home showings went well, the buyers will make an offer. Offers should be made in standard forms that would satisfy a lawyer. Make sure you know what the buyer wants to include in the sale and what should be excluded. You can choose to accept or reject the offer or modify it and see if the buyer is willing to negotiate with your incentives.

Once you’ve reached an agreement, that pretty much brings you to the end of your home-selling process.

Good luck!”

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