Selling your first home can be an exciting and daunting experience. There are many things to think about, from pricing your home to making necessary repairs. But don’t worry, we’re here to help! In this blog post, we’ll share five tips for first-time home sellers so you can navigate the process with ease.
- Find a Real Estate Agent
A real estate agent can be a valuable asset when selling your home. They can help you price your home competitively, market your property to potential buyers, and negotiate offers. To have the best experience you need a Realtor you can communicate with & that will meet & manage expectations.
Here are some questions to ask when interviewing:
- How long have you been in the business?
- What is your experience selling homes in my area?
- What is your marketing plan for my home?
- What are your fees?
Why is this such a crucial step? A Realtor isn’t just a salesperson. They are an advisor. They are the hub for every aspect of your journey. They are an expert and contact person for every party involved!
- Get Pre-Approved for a Mortgage
One of the most important things you can do as a first-time home seller is to get pre-approved for a mortgage. This will show potential sellers that you’re a serious buyer and that you have the financial backing to purchase a home. Getting pre-approved will also give you a good idea of how much you can afford to spend on a home. Because your Realtor and Lender can bring the numbers together. Your Realtor can give you the bottom line with proceeds of the sale of your home and throw that over to the lender & they can plug that number in to give a picture of what is needed for a down payment, a monthly payment, and your overall budget.
Mortgage preapproval
To get pre-approved for a mortgage, you’ll need to contact a lender and provide them with some financial information, such as your income, debt, and assets. The lender will then review your information and give you a pre-approval letter that states the maximum amount you can borrow.
- Price Your Home Right
Pricing your home competitively is crucial for attracting buyers and getting top dollar for your property. If you price your home too high, it will sit on the market longer and you may not get the offers you’re hoping for. On the other hand, if you price your home too low, you could leave money on the table.
To price your home right, you’ll need to consider several factors, such as the condition of your home, recent sales in your area, and the current market conditions. You may also want to consider hiring a professional appraiser to get an accurate estimate of your home’s value.
- Make Necessary Repairs
Before you put your home on the market, it’s important to make any necessary repairs. This could include things like fixing leaky faucets, patching holes in the walls, and replacing outdated fixtures. Making minor repairs can make a big difference in the overall appearance of your home and can help you attract more buyers.
- Be Prepared for Closing
Closing is the final step in the home selling process. This is when all of the paperwork is finalized and the property is transferred from the seller to the buyer. Closing can be a stressful time, so it’s important to be prepared.
Here are some things to expect at closing:
- You will need to sign a lot of paperwork.
- You will need to pay closing costs.
- Bring your ID.
- If you are selling, you are likely buying! You can close on your old home and NEW HOME in one closing!! In 45 minutes!
By following these five tips, you can make the process of selling your first home as smooth and stress-free as possible.