You don’t always have to learn from experience. When it comes to selling a house, you want to avoid the common mistakes of first-timers as much as possible. You want to sell your home fast and earn as much as you can, even if it’s the very first house you’ll sell. We have specifically prepared this guide for a first time home seller. Read on to know how to sell your first house to typical home buyers or Cincinnati cash home buyers.
Real Estate Guidance for a First Time Home Seller
The 6 first time home seller steps that follow are a compilation of some of the greatest home-selling advice.
- Prepare Yourself Emotionally
- Hire a Reputable Agent
- Prepare Yourself Financially
- Spruce Up Your Home
- Post High Quality Photos
- Be Honest With Your Issues
Prepare Yourself Emotionally
Selling your first home, especially the first one is personal. Memories are made here. Before putting your home on the market:
- Make sure you prepare yourself emotionally—walk through your house.
- Reminisce on old memories and reflect how this home has served its purpose.
- Begin to think about what your life will look like after the sale.
And if you can see yourself happy outside the walls of this house.
Please make sure you settle with whatever apprehension or anxiety you have about letting your house go and remember it’s normal to feel this way. Also, prepare yourself for negative buyer feedback. Keep in mind that you’re under contract to proceed with the sale once you accept an offer. Getting yourself emotionally prepared can help you avoid experiencing seller’s remorse.
Hire a Reputable Agent
There is no scarcity of real estate agents, and any of them will be glad to offer their services to you. The challenge is how to find the right agent for you. Remember that it doesn’t mean that an agent who did a great job with a coworker could do the same with you. The agent should be experienced and have a good track record of selling a property like yours and in your area. In addition, the agent should have the qualifications to match your specific needs.
If you want to skip getting an agent, you might consider selling it to Cincinnati cash home buyers. However, you also need to do your due diligence and deal with a reputable cash home buyer like the Cincinnati Property Twins. Check reviews and how to sell your house by yourself.
Prepare Yourself Financially
Selling your first home can be excessive. What you earn from the home sale needs to cover all the fees that come with selling your house and, hopefully, gain some profit. If you list a property without knowing how much it costs, you might be pleasantly surprised at how expensive it is.
When selling your first home, get an estimate of your home’s value and deduct your remaining mortgage balance. Then, you’ll need to deduct closing costs from that figure consisting of fees, taxes, and agent commissions. You can also use a net proceeds calculator online.
Suppose you are stuck in a situation where you need to sell a house quickly because you need the money, then getting it listed may not be a good idea. Instead, the better option is to sell it to one of the Cincinnati cash home buyers.
Spruce Up Your Home
The longer your house sits on the market, the more buyers will question why it hasn’t been sold yet, and they use that to their advantage to give a lower offer. Make your house presentable but do not necessarily spend so much. Massive renovations don’t translate to higher offers.
You can do simple things such as decluttering and cleaning. You can also make your home smell fresh by neutralizing odors.
If you do want to invest in making your home more attractive, then focus on curb appeal. According to 67 percent of top real estate agents, improving your curb appeal is the ultimate thing a homeowner should focus on to make your home more marketable. It can even add value to the first time home seller.
It’s more because of the psychological impact. An excellent curb appeal creates a strong impression on the minds of potential buyers that get them excited to see more and having more competition for your home can increase its price.
What you can do is mow and fertilize your lawn. Make sure to get rid of any weeds. Trim shrubs and trees. The entrance should be free from dirt and cobwebs. Finally, apply fresh paint to your front door.
Read More>> First Time Home Selling Tips
Post High Quality Photos
Your contact for first time home sellers with potential buyers is the photos online. This is why you need to make sure you are posting attractive visuals of your home. Your efforts in sprucing up your home will go to waste if photos don’t give justice to it. So make sure they are in high definition—no blurry and lazy images.
Photos can make a difference in how to sell your first house urgently. But, first, you can hire pro photographers who have experience with real estate photos. Then, you can ask your agent for someone whom they trust to deliver good results. Finally, if you want to skip posting photos and get your home listed, you can reach out to one of the reputable Cincinnati cash home buyers.
Be Honest and Open With Issues That Your Home Has
Many first time home sellers skip communicating what needs to be addressed before signing up their houses for sale. Make sure to disclose issues or damages your home has that should be repaired or improved.
Most states require home sellers to make certain disclosures that refer to any material defects in the house. In many states, you will be held liable if you cannot communicate these to the buyer upfront. However, you don’t want to get into legal trouble, so make sure to know what you should disclose when filling out a disclosure statement.
If your home already has many issues and you don’t want to spend time, effort, and money fixing them, then it’s best to sell it to a cash house buyer who will buy your house as-is. While you may not get the total amount of your home value, you get the convenience, and Cincinnati cash home buyers like Matt and Mitch take care of closing fees for a first time home seller. You don’t have to worry about that, and agent commission fees won’t deduct your proceeds. Follow our first time home seller guide and get a ballpark offer from here.