Selling your home for the first time can be as overwhelming as buying your first home. There’s a lot of work to be done, and you may not know exactly where and how to start. There is also the anxiety about possibly making a deal that is not very beneficial for you. The following tips might help prepare you in selling your first home.
Tip #1: Prepare your home
You would want your prospective buyers to easily picture themselves living in the home you are selling. It could be difficult for them to do so if all they see are paint colors and decor that suit your own unique style. You might want to repaint the walls with neutral colors and remove some excess wall decorations. Declutter your home and make the necessary repairs. Upgrades, like installing a smart home system, could also do wonders in attracting buyers, but make sure that you’d get your money back in the sale if you plan on making major improvements. Do not forget to take care of the landscape too, since that could be the first thing buyers notice about the property. Not only will these preparations attract buyers, but it could also increase the value of your home.
Tip #2: Detach yourself
This does not just mean removing your unique personal style to make the home more marketable. You should also emotionally detach yourself from the process of selling your home. The property might have been the setting for many precious memories, but having such a sentimental attachment to your home could affect the way you market it. For one, you might want to price it higher than it should be and a higher price for something that they are not sentimentally attached to can put off potential buyers.
Tip #3: Price your home appropriately
A major reason why a home doesn’t sell could be because it was not priced correctly. There are many reasons for incorrect pricing, which could be avoided by hiring great listing agents. According to the data published by the National Association of Realtors, “getting the right price” is the number one most difficult task for FSBO (For Sale By Owner) sellers; the second being “understanding and performing paperwork.” These top two issues can be greatly alleviated if you seek professional assistance. Agents can also do a lot more in selling your home, like coming up with an efficient marketing plan.
Tip #4: Market your home well
You have made sure that your home is in top condition and you have also secured professional help. The next concern would be presenting your home to as many interested parties as you can and increasing the likelihood of a sale. It would be great to utilize social media and the internet for the property to gain exposure. Post great and professionally-taken photographs of your home, and you may even consider making a video tour. Visuals are great at attracting people, but also make sure that they experience what they saw in the ads when they come to visit your home!
Once you have checked these four tips, you are well on your way to making a great sale. This is not all there is to selling your home though, so make further research on the topic, and do not hesitate to seek professional advice.