Title: 5 Tips for first Time Home Sellers
15 Tips for First-Time Home Sellers
2- Whether you purchased your home four years ago or
40, selling for the first time can be tricky.
Here are some important points to consider when
you list your home for sale.
3You Need the Right Agent
- Unless youre offering the home For Sale by
Owner, you will need to sign an agreement with a
real estate agent and their brokerage. Youll
also have to pay a commission. Because the
agreement contractually ties you to your agent
for three to six months, choosing the right one
is more important this time around. Unlike when
you were a buyer, you cant simply come in and
out of the market.
4Youve Got to be Ready to Sell
- In the Internet age, you only get one chance to
make a first impression. Information flows more
quickly than ever. If you list your home at an
unrealistic price or not in the best condition,
the number of days on market (or DOM) will add up
and could come back to bite you later.
5DOM Factors into Buyers Offers
- A typical buyer looking at a listing will first
notice the price and size. They will then scroll
through the photos and look at the listing
history. If a home has been on the market more
than three months, they may think there is
something wrong with it.
6Youll never interface with the brokerage only
your agent
- The agent you choose matters more than the
brokerage, although you should consider both. If
you list your home with Suzy at XYZ Brokerage,
Suzy will be your only contact with the company.
7If you Get an Offer, you have to Move Soon
- Once you get an acceptable offer from a buyer and
you sign the contract, the clock starts ticking
toward your closing. Many sellers underestimate
the amount of time it can take to list, sell and
close on a home. Know your market before you
list, and put a plan in place for where youll
move when your home sells. If your market moves
quickly and your agent expects the home to sell
within a few weeks, it might be better to wait.
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