Real estate agent in Houston

1. Prepare Your Home For The Market

One of the biggest mistakes made by first time home sellers is that they do not know how to or understand how important it is to prepare a home for the open real estate market. Before selling a home for the first time, it’s important you realize how important it is to make sure your home is show-ready as soon as it’s listed for sale.

Some of the most popular low-cost home improvements to consider making before selling your home for the first time include;

• Freshly painting rooms
• Professionally cleaning floors and/or carpeting
• Replacing outdated light fixtures
• Replacing outdated hardware on cabinetry

It’s important that first time home sellers understand the importance of making a great first impression on potential home buyers. By not properly preparing a home for sale, a first time home seller could potentially be costing themselves thousands of dollars and also valuable time, in the event their home takes longer to sell.

2. Hire an Agent

First time home sellers need to understand the importance of having a top producer representing them during the sale of their home. Selling a home is not an easy task, so don’t attempt to sell your home by owner.

3. Understand Your Local Real Estate Market

Real estate markets can vary significantly from one neighborhood to another. First time home sellers need to understand what the current state is of their local real estate market. Generally speaking there are three “states” of a real estate market, a sellers market, a buyers market, and a balanced market.

Some real estate markets will vary depending on the time of the year, for example, typically during the spring months of April, May, and June, the real estate market experiences a strong sellers market. Since the spring months are typically stronger months to sell a home, many home owners have to decide whether they should list their home in the fall and winter months or wait until spring.

4. Decide What Your Next Move Is

First time home sellers often neglect to figure out what their next move is after selling their current home. Will you move into an apartment? Will you be buying a new home? Will you be building a new home? It’s important when selling a home for the first time, you have a strong game plan for your next move.

If the game plan is to purchase another home, a first time home seller needs to determine whether they can get pre-approved for a mortgage without being contingent on the sale of their current home. While it’s uncommon in most cases that a buyer is able to purchase a home without selling their current home, it’s extremely important to know. Buying and selling a home simultaneously can be tricky and it’s important that a game plan is in place if this your next move!

5. Price Your Home Correctly

The number one reason a home doesn’t sell in real estate is because the property is incorrectly priced. There are lots of different reasons why home owners incorrectly price their home and it’s important the first time home sellers don’t make those common real estate pricing mistakes.

First time home sellers often have no clue on how a listing price is determined in real estate. There are many different ways a listing price can be determined and it’s important that you understand the various ways. The most common real estate pricing practice is a comparative market analysis that is completed by a real estate professional. A comparative market analysis, also commonly referred to as a CMA, can be summarized as a review of local active homes for sale, past home sales, and also past expired listings. A top producing real estate agent should be able to determine a probable sale price of a home by completing a detailed market analysis. While a CMA is the most common way to determine the price of a home, another accurate way to produce a listing price of a home is by having an appraisal completed on the property.

6. Know What Your Closing Expenses Are When Selling Your Home

First time home sellers are often shocked when they learn about the seller expenses that they traditionally are responsible for. One of the hardest pills to swallow for a first time home seller are brokerage fees. First and foremost, real estate commissions are negotiable. First time home sellers often forget that the previous owner of their current home paid the brokerage fees when they purchased their home. Brokerage fees are normally the largest expense incurred by a home seller.

Other home selling expenses that first time home sellers need to consider include the cost of an instrument survey, re-dating of an abstract, transfer taxes, and also the possibility of helping a buyer out by contributing a seller concession towards their closing expenses.

When selling a home for the first time it’s important to keep an updated mortgage pay-off balance handy, if applicable, so when a purchase offer is received you can determine what your closing expenses will be and there are no surprises a few days before closing.

Source: Rochester Real Estate Blog

About Ameri State Realty: Professional Realtors, Marisol Mendez and Esteban work together and represent early buyers for the purchase or sale of new or used homes in Houston, Cypress, Katy, Spring, Tomball, The Woodlands or any other community in the Houston area we can advise you. “I am a Real Estate Professional in the Greater Houston Metropolitan Area. It has been my greatest pleasure to have helped many families close on their properties in the Houston Area. I am committed to making sure that your buying/selling experience is an enjoyable one. I am passionate about what I do and always looking out for the best interest of my clients.”

Real estate agent in Houston.

Realtors in the greater Houston metropolitan area, How to buy house in Houston, How to buy house in Cypress, How to buy house in Spring, How to buy house in Katy, How to buy house in Tomball, How to buy house in The Woodlands, How to buy a house in the Houston area, How to sell house in Houston, How to sell house in Cypress, How to sell house in Spring, How to sell home in Katy, How to sell home in Tomball, How to sell house in The Woodlands, How to sell house in the Houston area, Real estate agent in Houston, Realtor in Houston, Realtor that speak spanish in Houston, Homes in Houston Texas, Homes for sale in Houston, Homes for rent in Houston.