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First Time Sellers
Selling your home is an exciting and significant milestone, and for first-time sellers, it can be a little overwhelming as well. For most homeowners selling their home, the goal is a quick and profitable sale. If this is the first time you are selling a home, here are six things you need to know before putting that For Sale sign in the yard.
1. Price It Right
One of the most important things you can do to ensure a quick and profitable home sale is price it correctly. One way to determine the right asking price for your home is to do a comparative market analysis. If you are working with a Realtor, they can access this report for you. This will help you gain a better understanding of the home prices in your area and how your home compares. It can be tempting to set your asking price high and then revert to a price deduction if there are no offers. Pricing too high and then falling back on a price reduction can hurt you in two ways. Number one, a price reduction sends a red flag to buyers. Number two, it could mean that your house sits on the market longer, which costs you money. A competitive and fair price is key to a quick sale.
2. Stage To Sell
Some homeowners are hesitant to stage their house for sale. They love the home the way it is and feel that staging is unnecessary. However, staging is not about the seller at all. It is about creating a space that appeals to as many potential buyers as possible. If you are unsure how to go about staging your home, ask your Realtor for their advice. Some aspects of staging your home that can help with a quick and profitable sale include:
- A deep clean
- Removal of clutter
- Removal of personal mementos and pictures
- Rearrangement of the furniture and decor to maximize space
- Organizing closets and drawers
- Applying a fresh coat of paint to brighten up the space
3. Consider The Calendar
When it comes to selling your house for the first time, time is of the essence. Determining whether it is a buyer’s market or a seller’s market will help you choose the best time to sell. If you have flexibility when it comes to timing, it may be worth it to wait until you find yourself in a seller’s market. This happens when more buyers are looking to buy than there are houses available. Traditionally, spring and summer have been noted as the best times to sell a home. However, if you are working with a professional and experienced real estate agent, they will be able to help you sell your home no matter the season.
4. Work With A Pro
Selling your home can be an emotional and sometimes overwhelming process. If this is the first time you are selling a home, it is highly recommended to work with a real estate professional who has experience in your particular market. When you work with a Jovi Realtor, you can rest assured that you will be included and involved every step of the way. Your Realtor will present you with all of the information and walk you through each step of the home selling process. Selling a home requires careful attention to detail, effective negotiation skills, and an extensive network of qualified buyers. When you work with a professional realtor, you have access to all of these.
5. Calculate Closing Costs
All too often, sellers get to the end of the selling process and are surprised with costs and fees that they did not anticipate. Typically at closing, the sellers are responsible for:
- Buyer’s title insurance policy fees
- Mortgage payoff
- Any debt owed on the property
- Seller’s attorney fees
- Transfer taxes and recording fees
6. Use High-Quality Images
More than half of Vancouver’s home buyers will be using the internet to search for their dream home. This means that they will be browsing hundreds of pictures of different houses to find the one that meets their needs. If your pictures are blurry, unorganized, or don’t showcase the highlights of your home, chances are home buyers will skip right by your listing. If you are going to spend any money when it comes to marketing, spend it on photography. Professional photos can work wonders for a listing and can help buyers get a solid understanding of what your home has to offer. Use a high-quality camera, and make sure each room is well lit. If you do not have the equipment, time, or talent to take high-quality photos, hire someone to do it for you. It is worth it.
How Jovi Realtors Help First-Time Sellers
The Jovi Realty team understands that selling your home is an emotional milestone. The faster you sell this home, the sooner you will be on to your next adventure. Our team works tirelessly to towards a quick and profitable home sale and will keep you included and involved every step of the way. You can trust you or Jovi Realtor to handle all of the details and behind-the-scenes work, and act on your behalf from the initial meeting until closing. If you’re ready just now, contact a Jovi Realtor today!