Selling your first home can be an emotional and stressful experience when you’re unsure of the home selling process. Here are some first time home selling tips to help you feel more confident in listing your home for sale.
- 👩💼 Choose the Right Real Estate Agent
- 📱 Contact The Wilson Group
- 🛋️ Stage Your Home to Sell
- 📸 Use Professional Photos
- 🚗 Leave Home for Open Houses
- 🏡 Be Realistic About Comps
- 💵 Set Asking Price Correctly
- 🗣️ Listen to Buyer Feedback
- 😠 Don't Get Personal (or Angry!)
- 🖼️ Remove Personal Items
- 🚚 Have a Moving Plan
- 💰 Be Ready for Closing Costs
- 👉 First Time Home Selling Tips Conclusion
👩💼 Choose the Right Real Estate Agent
You may think it’s a good idea to use the real estate agent that you hired when buying your first home, but that isn’t always true. If the real estate agent specializes in buying homes, you’ll want to choose a real estate agent that works with sellers.
The real estate agent should have experience selling your type of home and be knowledgeable about the location. The Wilson Group knows what it takes to sell a home in the Richmond area because we’ve helped many others with homes like yours.
📱 Contact The Wilson Group
🛋️ Stage Your Home to Sell
Taking the time to stage your home before photographs and open houses can make all the difference when it comes to getting the attention of buyers. Staging can be as simple as rearranging existing furniture to bringing in rented furniture for the duration of the sale period.
We know what impresses buyers, so we can offer you helpful advice on how to best present your home. You may consider hiring a professional stager to save time and money, and we can help recommend the best in the Richmond area.
📸 Use Professional Photos
Even if you’re pretty handy with a camera, you may not understand the unique needs that come along with real estate photography. Potential buyers see your home for the first time in photographs attached to your real estate listing, so you want them to be impressive.
A professional photographer who specializes in real estate photos knows how to use lighting and staging elements to highlight your home’s potential. Since we understand the importance of this step in the selling process, we help you find a photographer that works best with your style of home.
🚗 Leave Home for Open Houses
It’s tempting to be at home when you have an open house or a private showing, but we suggest that you let us handle that for you. Buyers are looking for a chance to take a good look at the property without the seller being close at hand, and you may not want to hear their comments as they view the home.
The good news is that we are there to answer any questions that a potential buyer has about the property. You want a buyer to feel comfortable asking those questions, and they may not feel so inclined if you’re at home.
🏡 Be Realistic About Comps
During the home selling process, we examine comparable homes in the neighborhood and determine how your home measures up in the current real estate market. It’s essential to remain realistic and understand that all the things you believe are valuable may not be what buyers are looking for in your neighborhood.
The hot tub that you installed because it fit your dream lifestyle may not be something other buyers in the neighborhood want in a home. Just because you think it adds value doesn’t mean that it’s a realistic expectation for the market.
💵 Set Asking Price Correctly
Setting the asking price correctly the first time can keep your home from sitting on the market without a nibble of interest. Setting the price too high can turn away potential buyers who have other options available in the area.
Setting the asking price too low can cause a loss on your investment, so it’s essential to know the value of your home. After the initial home value estimation, we’ll provide you with a comprehensive home value report that factors in recently sold homes, current market trends, and any upgrades made to the property.
🗣️ Listen to Buyer Feedback
During open houses and private showings, we may get feedback from potential buyers about things they aren’t happy about in the home. Listen to this feedback and determine if it’s something that requires action.
If a majority of buyers are passing by your home without placing an offer because they dislike the color of the living room carpet, it may be in your best interest to invest in a replacement. We’ll help you by providing advice based on our experience in the Richmond area selling homes like yours.
😠 Don’t Get Personal (or Angry!)
You’ve staged your home beautifully, set an asking price that is competitive for the area, and you’ve done everything possible to add value to the property, but you receive a lowball offer. Don’t let your emotions get the best of you when you receive low sale offers or negative feedback.
We know that emotional detachment is sometimes easier said than done, but in the end, the feedback and the offer may be a reflection of the buyer’s needs and current financial situation, not your home. Don’t let these things add stress to your home selling experience.
🖼️ Remove Personal Items
A buyer may want you to include a specific piece of furniture or artwork in the sale. If there’s something you do not wish included in a sale offer, we suggest that you store it until you move and remove the possibility of being asked.
It’s a good idea to remove personal photographs, collections, and anything one might see as controversial. You want the buyer to see themselves living in the home, and that’s not easy to do when your items are present.
🚚 Have a Moving Plan
If you’re buying another home, it’s crucial to get the timing right so that your move is as seamless as possible, but that doesn’t always happen as planned. Have a moving plan that takes into account the gap that may occur between the sale of your first home and the purchase of your new home.
Some buyers will rent the home to you until the closing on your new home, but that is not always the case. Having a contingency plan keeps you from being stressed when dealing with unpredictable factors during the sale.
💰 Be Ready for Closing Costs
You may be familiar with closing costs from buying your first home, but closing costs when selling a home differ a bit. Seller closing costs often include taxes, final utility bills, and brokerage fees.
We’re here to help you stay on top of these details. We do our best to create an environment where you know what to expect and feel comfortable on closing day.
👉 First Time Home Selling Tips Conclusion
Set yourself up for success by following these first time home selling tips. Stage your home and have professional photographs taken for your listing.
Give The Wilson Group a call at 804-396-4625 to discuss how we can help sell your first home!
We are a locally owned Real Estate team right here in RVA, and we believe our motto says it all: ALL ABOUT THE EXPERIENCE!!! We strive to make our client’s need to sell or buy a home, or even their property management needs an overall great experience. Our business model is deeply founded in the fact that it is all about the experience!