There is a virtual plethora of helpful resources and content available for first time home buyers. The same cannot be said about learning resources and tips for first time home sellers. Just like buying a home for the first time, selling a home for the first time often comes with lots of confusion and questions. Many first time home sellers have no idea where to start and what they should focus on during the sale of their first home.
A first time home seller who doesn’t know what tips and advice to follow can sometimes end up costing themselves a lot of money. I’ve included some of the most important tips for first time home sellers should be aware of!
Preparation Is The Deal!
One of the biggest errors that first time home sellers make is not knowing how to prepare their home and themselves for the market. Not properly preparing a home for sale is a guranteed way to make the home selling experience a challenge from the start.
Spring is coming in Central Florida, and it’s typically a very busy time in the real estate market. If you’re going to be selling your home, it’s time to get prepared now.
Here are five important suggestions to consider before the selling surge begins again:
• Deep clean carpets and floors
• Paint any rooms that need it
• Consider having the HVAC systems cleaned prior to listing
• Declutter, declutter, declutter
• Clean windows
Hiring An Experienced Real Estate Agent Is Imperative!
Whether selling a home for the first time or you’ve done this all before, hiring an experienced and established real estate agent is important. Many first time home sellers find hiring the right real estate agent to be their very first big challenge to overcome. First time home sellers need to know how to properly interview prospective real estate agents. That’s sounds easy, but there are a lot of agents out there, and they are NOT all the same. As an example, I am very versed on the central florida real estate market. I know Orlando. I know Ocoee. I know the Dr. Phillips area. It’s what I do everyday, so selling a home in the Greater Orlando area for me is much different than for someone who just started selling homes in 2015.
To properly interview prospective real estate agents, a first time home seller needs to know what the most important interview questions for orlando area real estate agents are. Some of the most important questions include;
Are you a full-time or part-time agent?
- What percentage of homes yearly do you represent the seller?
- How do you plan on marketing my home?
- Are you prepared to show me what social media tools you use right now?
- Do you use video in your marketing?
- What methods do you utilize to determine a homes value?
There are literally dozens of questions that first time home sellers should consider asking prospective real estate agents. The above four are just some of the most important!
Pricing It Right Is Vital!
The important of pricing in real estate cannot be stressed enough. First time home sellers need to understand that it’s vital to price a home right from the beginning, otherwise, it will not sell.
The main takeaway for first time home sellers when discussing the importance of pricing a home right is to understand that todays home buyers are well educated. Since buyers are able to shop online for homes, they are savvy and often have a strong understanding whether a home is overpriced or not. There are lots of buyers who will choose not to look at a home they believe is overpriced!
Know What Is Next!
Another mistake that first time home sellers make is they do not know think about what their next move is enough. Selling a home takes lots of preparation and sometimes can be stressful. The last thing a first time home seller needs is to increase their stress levels because they don’t know what their next move is.
Are they relocating to a new area?
Are they going to be renting?
Are they going to be buying and selling a home at the same time?
Are they able to buy a home without selling their current home?
These are just a handful of the most important questions a first time home seller needs to ask themselves before listing their home. Having a well thought out game plan before listing a home for sale can decrease the stress level for a first time home seller significantly.
Understand What Closing Expenses!
One of the biggest misunderstandings that first time home sellers frequently have it regarding the closing expenses. A first time home seller needs to have a strong understanding of the closing expenses they will be responsible for, again, prior to selling their home.
It can be quite a shock for a seller who doesn’t know that generally in most cases, they are responsible for paying any brokerage fees. Some of the most common closing expenses that are incurred by a seller include;
- Instrument survey
- State transfer taxes
- Abstract re-date
- Seller concessions, if applicable
- Owner warranty, if applicable
An experienced real estate agent will make sure they educate their sellers on the potential closing expenses they will be responsible for, before listing their home.
Selling a home can be stressful and a bit tricky without the correct guidance of an experienced realtor at your side… even for a homeseller who has sold a number of homes. First time home sellers who understand what tips and advice to follow when selling their first home greatly increase the odds they have an enjoyable experience… and sell their home at a higher price.
I believe experience, integrity and work ethic plays a large role in the success of the seller. My strength is in communication, professionalism, experience and willingness. I hope you’ll consider contacting me at 321.293.2240 or just email me right now at email@example.com. I’d love to make your central florida home selling experience a positive one.