First Time Home Sellers
August 14, 2016
In the real estate industry, you always hear about first time home buyers. There are entire brokerages that specialize in this area. But it is very rare to hear anyone talk about first time home sellers. Yet, this is an important group to consider!
Selling your first home can feel very overwhelming. You’re not sure of the first steps, what’s involved, who to contact, costs, whether or not to spend money on renovations or staging, and so on. And to tell you the truth, there isn’t a lot of great advice out there in one solid place to help you through the process. You’ll hear a ton of opinions on home selling in general, but many of these features assume that you are already an expert in the process and don’t really take the time to go through everything with you.
Well, we’re here to help. As Home Sale Specialists, we know just how daunting your first sale can seem. But we’re here to reassure you, this doesn’t have to be the case. With the right, helping hand, your first home sale can go as smoothly as if you’d been flipping homes for years!
Where to start?
It’s a new age in real estate. There are many ways to go about selling your home. For Sale By Owner (FSBO) has become an option for some, but the thing to keep in mind, especially as a first time seller, is that the guidance and expertise of a realtor (especially a home sale specialist!) can make the whole process go smoothly, save you any headaches, and make sure you’re getting the most value for your home. Check out our article here about FSBO vs Realtors.
A good realtor will advise you on whether or not it will be worthwhile to put some money in fast home renovations to up the value of your home if the returns justify it. The big thing to consider here is how quickly you are looking to sell, and if it is worth your time to invest. Looking for a fast sale? We can help with that too. The main thing to remember here is that your realtor will do a thorough inspection of your home and highlight any areas that may or may not stand out to potential buyers.
Your Realtor will provide all of the marketing (and then some) that your property needs to reach as many potential buyers as possible. This is where realtors really earn their worth. And with all of the technology and marketing options available to us today, it has never been more important to go about doing your selling marketing properly. With the right expertise, your home will not only be broadcasted to as many people as possible, but it will be broadcasted to the right target audience in order to gain the largest number of real potential buyers as possible.
Open Houses are the showcase of your house – the piece that turns potential buyers into actual buyers. Following the right marketing strategy, an open house will allow buyers to view and imagine themselves moving in. Your realtor will make sure your home is staged right to appeal to the most people, and will let you know what to expect from an open house. Check out our previous article here.
There are always closing costs in a sale. These include lawyer fees, moving costs, land transfer taxes for your new property, realtor costs, and so on. Its important that you understand these costs upfront so they don’t come as a surprise, and so you can properly plan around them.
Important things to Consider
Chances are, if you are selling your home, you have another home picked out to move into. The sale on your current home may be conditional upon getting the financing from your existing home, plus any built up equity and money made from the sale. Considering closing costs and costs associated with your new home is important before finalizing a sale or even choosing your new property. We have a chartered accountant on hand who can help you with all of these financial questions and ensure you plan for your move properly, and with the most benefit to you!
Selling doesn’t have to be so complicated – it becomes a lot less so if you have the right realtor on hand to help you through the whole process. There are a number of things to consider, but we’ll make sure you have all the information you need, and that you feel comfortable asking any question at any time.