If you are planning to sell your home you would be surprised how time consuming and challenging it seems, especially for those who don’t have any past experience with the subject.
Many people like to pack their own things and not have strangers go through their belongings like an invasion of privacy and having to go through your whole home and probably criticize and give remarks that weren’t necessary to hear. Not to mention they will probably judge the place that you probably spent a lot of time in and cherished many special memories along the way.
It’s easy for first time home sellers to make common mistakes and that’s were hiring an experienced professional real estate agent to determine the price and value of your property without having to waste your time or effort. Here are the best ways to sell your house and get the highest potential price within a period of time without having to waste your time or effort in the process.
KEEP YOUR EMOTIONS TO YOURSELF
Always try your best to keep your emotions to yourself because nobody will admit that their property isn’t the best even though we all know that isn’t the complete truth. Try to stay focused on the business side of selling your home and trying to obtain the highest profit but without any experience it won’t be easy to handle. Manage to hire an agent, it might cost you in commission, but it will save you time and effort rather than having to look around without getting any useful results.
It’s not easy to sell your property, especially the first one but you should look towards the future and the down payment that you saved for and the brand-new furniture that you have just purchased. Once you have made your first sale, you will stop looking at yourself as a homeowner and actually start looking at yourself like a businessman and with that will come the distance of most of the emotional aspects that you can obtain from spending time in the properties that you own. If you are planning to get the best offer for your property, try to consider staging and showcasing it by moving out your belongings so that others can visualize themselves and their stuff there as well, which would be the home buyer as much as it would help you, the home seller.
HIRING A REAL ESTATE AGENT
This isn’t something to avoid, but the time that is spent whether you should hire or not hire a real estate agent due to the fact that you don’t want to spend any more time for something that you think is useless is obviously the wrong state of mind and not the truth as well. Not all real estate agents will waste your time and just look out for their own commission, there are many great agents that will save you all the time that you can spend elsewhere doing what they need to do and finding the right buyer for your property, which in most people’s opinions is worth the commission asked upon. It is your choice if you want to hire an agent or not but it is wrong to believe that they will waste your time and assume that they will just leave your property on the market and not try to pursue the best options to get it off the real estate market as soon as possible. A great real estate agent thinks for your best interest and gives you the best offers and will also negotiate for you on their behalf, after all, if they don’t close the deal, they won’t get their commission, and nobody likes to waste their time. Last but not least, an experienced agent would know all the paperwork that is needed and won’t involve you in transactions where you are not needed and will smooth the process for you as much as possible.
WHAT TO DO IF YOU DECIDE TO NOT HIRE A REAL ESTATE AGENT
If you have decided to not hire an agent, then you shouldn’t worry much because it’s not like it hasn’t been done before or won’t be done again. You should just keep a positive mindset and prepare to make all the right research on past properties that were sold among your area as well as all the properties that are currently in the market within your area so you can choose the right price to put out in the market for your own property. You will have to be responsible for promoting, advertising and marketing your property towards different listings whether online or offline. Since you have no real estate agent representing you, be ready to be the one showing your household and being the one that has to negotiate and finalize the deal with the buyer’s agent which is stressful as much as it is annoying and emotional for most people.
DON’T SET A PRICE THAT IS NOT REASONABLE
Whether you choose to represent yourself or have an agent represent you, setting the right asking price is the key to opening the door for potential buyers. Remember that there are many properties in the market and if you have done the right research you would know the best price that you can choose around your community. Just remember that buyers have already done this and expect you to give a reasonable price because once the wrong price has been told, you might lose the potential buyer all together before you even show the property to them. Most people would assume that their household is worth more but it’s the emotional side speaking for them and that they should put a realistic price.
Having the right experience to sell your household is necessary as much as it is crucial. Be positive that you prepare yourself mentally and financially because if you don’t make the right decisions regarding pricing or hiring the right agent then your property can stay on the market for longer than you might expect. If you can’t find the right buyer within the time period that you want, then you will end up trying to pay two mortgages. Just make sure that you make all the right decisions and avoid all the problems that have been detailed above.