Not only are home prices up 7.7%, but demand is the highest it’s been since 2001. If you’re a first-time homeowner looking to sell, you need to understand the do’s and don’ts of home selling.
Below we’ve outlined some tips to help you navigate the process. Ready to get started?
Prepare Your Property for Home Selling
One of the factors in your control when selling your home is how it appears to others. A few easy updates can sell your home faster and at a higher price.
Here are some basic tips for prepping your home to sell:
- Perform a deep clean of your home and declutter (remove personal items)
- Apply a fresh coat of paint and keep the colors neutral
- Make obvious repairs like leaky faucets or holes in the wall
- Take note of any problem areas in your home that need to be addressed by a professional
- Light a scented candle when people are viewing your home
Ask your realtor to make recommendations for things to do. Having sold hundreds of homes, they know what buyers are looking for.
Research Prices and Costs of Selling a Home
Finding comparative prices and doing research is integral in selling your home. If you’re selling home by owner, then it’s all up to you. Otherwise, your realtor will do it.
Look through your neighborhood and find similar homes that recently sold. You can see what the home’s features were as well as what it sold for. Realtors call these “comps.”
You want to be careful about setting a price. If it’s too high it’ll set on the market forever, but if it’s too low you may lose money. Take emotions out of the equation.
Don’t forget to research the costs of selling a home: realtor commission, repairs, inspections, closing costs, taxes and fees. It all adds up.
One of the smartest things you can do is hire a professional realtor with knowledge of your local community.
Real Estate Tips for Selling Your Home
When to list your home is a big decision. This all depends on where you live.
In Pennsylvania, for example, the best time of the year to sell a house is in the spring or summer. In a tropical place like Florida, people are buying homes in the winter season to move south for warmer weather.
What else can you do to sell your home quicker? Leave the house when people are looking at your property.
Hire a professional photographer to get high-quality pictures for your online listings.
And, finally, take a deep breath and trust the process!
Ready to Sell Your Home?
After reading this article you should have a better understanding of the home selling process. Now is a great time to sell and we recommend hiring a professional realtor to help you out.
Looking for a place online to read more about real estate? Check out the rest of our blog for articles on selling faster, making money, and budgeting.