There is a lot of attention paid to first-time homebuyers. Most real estate agents and lenders have some kind of guide to help first-time homebuyers navigate their first home purchase, but what about the first-time seller? Selling your home for the first time can be just as confusing as a home purchase, so here are a few things to remember as you navigate your home sale.
It’s important to prepare. This involves not only cleaning, decluttering and staging the home, but also learning about your local real estate market and finding the best agent(s) for your needs.
While talking with agents, ask lots of questions. Learn about the services they offer: Do they include professional photography, video, and/or virtual tours? Are they social media & tech savvy? These are important factors when it comes to having your home marketed effectively, especially these days!! Ask for a comparative market analysis (CMA) and ask for a suggestion for the listing price and their methods for arriving at that number. Discuss the marketing plan and effective communication.
Once you've made your agent selection, work through all listing documents and make sure you have a clear understanding of the agreement and terms. After your listing goes live, try and be flexible to allow for as many potential buyers as possible to view your property. Review the listing online for accuracy and stay in touch with your agent(s) for feedback from showings and activity updates.
Once you start getting offers, respond as quickly as possible, time is of the essence. Everyone's situation is different and it’s not always just about the price. Your agent(s) should review each offer with you. Watch for terms, such as length of escrow and contingencies, when evaluating these offers. Be prepared to move, so that you can take advantage of a good offer. The most important aspect of a successful home sale is the relationship you have with your agent(s). Be transparent about your needs, concerns, and goals and working closely together with your agent(s), will allow you to navigate through your first home sale successfully.
Questions? Reach out to us any time!