Selling your first home is exciting but a potential landmine of mistakes. Mistakes that can cost you dearly. From choosing the right time to sell to make sure your home is ready to go, there is a lot you need to consider and do before your listing can go live.
Having a real estate agent guide you through the process is valuable but knowledge can mitigate any surprises.
Here is a beginner’s guide for people looking to sell their first home this year.
Is your Home Ready to Sell?
Trying to sell your home before it’s ready is a big mistake. Selling too early doesn’t necessarily mean you won’t find a buyer, it means you could be undermining your profit.
To maximize a return, you’ll want to make sure you do the following:
- Make all repairs
- Remove all clutter
- Stage the entire home, focusing on the kitchen and living room.
- Make sure key components—furnace, roof, plumbing—are in working order.
- Invest in front and backyard landscaping because curb appeal is buy appeal.
The more effort you put into your home, the more likely you are to receive better offers or multiple offers.
Sell at the Right Time
It’s probably not a good idea to list your property in the middle of December. Most people are preoccupied with the holidays or simply do not want to traverse the frigid weather to attend open houses.
As the winter thaws, the market tends to heat up. Spring is the best season to list. Properties show better in warm weather and the summer is the most popular time to move as parents don’t want to disrupt their kids’ school year, which begins in September.
By making springtime your goal to list, it gives you the entire winter to get your home up to par and in the best shape to wow potential buyers.
Sell First and Buy Second
Selling first is a good idea because it removes some of the anxiety that comes with essentially owning two properties. By buying first, you place a deadline on selling your home, which could be stress-inducing and pressure you to take an offer even if it’s not the best.
Buying first could conceivably come with its own stresses but it’s a more ideal situation. By selling first, you also have some control over the closing date and can plan accordingly.
Looking to Sell your Home
Before you buy or sell a home, you need to get approved for a mortgage. Contact us to discuss your mortgage options and we’d be happy to answer any questions.