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Essential tips for first time home sellers

Published: 22/09/2018

When a homeowner makes the decision to put their property on the market for sale, there is often a period of stress and confusion. So, it is important that first time home sellers grasp what the process of selling their home entails. Generally, most first-time home sellers have no idea where or how to start the home selling process. It’s very important that first time home sellers understand what the home sale process entails, what costs are associated with selling a home, and many other very important aspects of the home selling process. By following these tips and tricks, you will put yourself in a much better position to sell your first home and will make the home selling process seem rather easy.

Tip 1: Prepare Your Home for The Market:

One of the biggest mistakes made by first time home sellers is that they do not know how to or understand how important it is to prepare a home for the open market. Today’s buyers are very picky because they have plenty of options to choose from. For this reason, you may be forced to spend a little more time and money getting your home market-ready. If you can afford it, make some low-cost improvements that can really increase your homes appeal. Consider doing the steps below before putting your property up for sale. Correcting problems in your home before putting it up for sale can greatly decrease the chance that buyers will get scared off because of the state of your home. Just a few of the most popular low-cost home improvements to consider making before selling your home for the first time include;

  • Tidy and declutter 
  • Freshly painting rooms
  • Professionally cleaning floors and/or carpeting
  • Replacing outdated light fixtures
  • Replacing outdated hardware 
  • If you have a garden making sure it’s in a good condition 
It is important that first time home sellers understand the significance of making a great first impression on potential home buyers. By not properly preparing a home for sale, a first-time home seller could potentially be costing themselves thousands of pounds and valuable time, in the event their home takes longer to sell.

Tip 2: Hire a good Estate Agent:

First time home sellers need to understand the importance of having a good and experienced Estate Agents.  As selling a home is not an easy task, so having a good Estate Agent can make the process a lot easier. The seller's relationship with the agent is critical throughout the entire sale transaction. The agent is the first point of contact for the seller and should be a source of advice and information on how to get the best result from the sale. This includes giving you a clear idea of what costs are involved, when, and what documents you will need to provide.

Tip 3: Understand Your Local Property Market:

Property markets can vary significantly from one area to another. First time home sellers need to understand what the current state is of their local property market.Before you decide to sell your home for the first time, it’s important to do your research or ask an Estate Agent for their professional analysis relating to the current state of the local market. Also, you can research the area, and search websites yourself.

Tip 4: Price Your Home Correctly:

First time home sellers need to understand the importance of correctly pricing their home. The number one reason a home doesn’t sell is because the property is incorrectly priced. There are lots of different reasons why home owners incorrectly price their home and it’s important the first time home sellers don’t make those common pricing mistakes.

Tip 5: Decide What Your Next Move is:

First time home sellers often neglect to figure out what their next move is after selling their current home. So, it important when selling a home for the first time, to plan for your next move. If the game plan is to purchase another home, a first-time home seller needs to determine whether they can get pre-approved for a mortgage without being dependent on the sale of their current home. While it’s uncommon in most cases that a buyer can purchase a home without selling their current home, it’s extremely important to know. Buying and selling a home simultaneously can be tricky and it’s important that a game plan is in place if this your next move.Selling a home for the first time can be extremely stressful and exhausting.  A first-time home seller who has a top producing agent in their corner will have a much greater chance of a smooth and successful home sale.