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Top Secret First Time Home Seller Tips And Tricks
Top First Time Home Seller Tips And Tricks
When it comes to real estate tips and
tricks, there are tons of great articles
and content available for first time
home buyers. The same cannot be
said about tips and tricks for first time
home sellers.
When the decision is made by a first
time home seller to list their home for
sale, there is often a period of
confusion. Most first time home
sellers have no idea where or how to
start the home selling process.
It’s very important that first time
home sellers understand what the
home sale process entails, what
costs are associated with selling a
home, and many other very
important aspects of the home selling
process.
Before you sell your home for the
first time, make sure you check out
some of the most important first time
home seller tips and tricks below. By
following these tips and tricks, you
will put yourself in a much better
position to sell your first home and
will make the home selling process
seem rather easy!
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.
One of the biggest suggestions for any first time home seller is having a home inspection completed before the house
is listed for sale. The likelihood that a home buyer will decide to have a home inspection is very strong. Today’s
home buyers are scared away from homes relatively easily and correcting problems that an inspector finds before
listing your home for sale can greatly decrease the chance that a deal may fall apart due to a buyer getting scared off.
Hire A Top Realtor When Selling A Home For The First Time, Not A DUD!
Another excellent way for a first time home seller to prepare their home for the market is by making low-cost home
improvements before listing the home for sale. Just a few 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Replacing outdated light fixtures
Replacing outdated hardware on cabinetry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.
Hire A Top Producing Listing 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.
For sale by owners, also known as
FSBOs, have a failure rate of 85%-
95%.
In any given real estate market, there
can be several hundred to several
thousand real estate agents who
have the ability to sell a home. It’s
important that first time home sellers
understand that not all real estate
agents are the equal. Even real
estate agents within the same
company are not equal. Some real
estate agents are part time real
estate agents, some are primarily
buyers agents, and other agents
may only have had their real estate
license for a month or two.
How can a first time home seller
ensure they hire a top producing
listing agent? It’s actually a fairly
simple answer, you know how to
properly interview real estate agents.
A first time home seller who knows
how to properly interview prospective
real estate agents will have a much
greater chance that they hire a top
producer and not a dud.
It’s important that first time home
sellers don’t always assume that the
real estate agent who sold them their
home is capable of selling the home.
There are several things that home
sellers should expect from their real
estate agent when selling their
home. Some of the things a top
producing listing agent will provide to
a seller may not be able to be
provided by the buyers agent who
sold them their current home, such
as a comprehensive marketing plan.
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
Rochester, NY 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.
Obviously a sellers market is preferred when selling a home for the first time. A sellers market typically will lead to
lots of demand for a property and the possibility of receiving multiple offers. Before you decide to sell your home for
the first time, it’s important you ask a real estate professional their analysis relating to the current state of the local
market!
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-
First Time Home Sellers Need To Understand The Importance Of Correctly Pricing Their Home!
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!
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.
It’s critical that first time home sellers
avoid some of the inaccurate ways to
price a home, such as using the
homes assessed value or using an
online home valuation estimate, such as Zillow’s “Zestimates.” There is no possible way an online website based out
of San Diego, CA can accurately determine the price of a home in Webster, NY.
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.
Final Thoughts
Selling a home for the first time can be extremely stressful and exhausting. A first time home seller who has a top
producing agent in their corner will have a much greater chance of a smooth and successful home sale.
The above tips and tricks are some of the most important for any first time home seller. Make sure when selling your
home for the first time you’re mentally prepared for the possible upcoming home selling challenges that you may
encounter.
Other Top Home Selling Resources
Selling Your Home & The Buyer Cancels via The Las Vegas Luxury Home Pro
Should I Accept A Purchase Offer With Home Buyer Grants? via Rochester’s Real Estate Blog
Ways Home Sellers Get Their Price Wrong via Maximum Real Estate Exposure
What Steps Are Involved With Selling A Home ? via Imagine Your House
How To Handle Low Ball Offers In Real Estate via Rochester’s Real Estate Blog
How To Sell A Home | Top Real Estate Resources For Home Selling via Bundlr
Are you a first time home seller in Rochester, NY? If so, make sure you take good note of the above tips and
tricks. By following the above tips and tricks, selling your first home will seem much easier and less stressful! If you
have no selected a top Rochester, NY Realtor to represent you in your home sale, contact me, and I’d love the
opportunity to interview for the opportunity to get your home sold!
Subscribe To Our Blog (it’s FREE) & You’ll Receive All The Top Real Estate Tips, Trends, News, and More in your e-
mail inbox!:Delivered by FeedBurner
About the authors: The above article “First Time Home Seller Tips And Tricks” was provided by the Keith Hiscock
Sold Team (Keith & Kyle Hiscock). With over 30 years combined experience, if you’re thinking of selling or buying,
we’d love to share our knowledge and expertise.
We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton,
Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush,
Honeoye Falls, Chili, and Victor NY.
Visit our website at www.HiscockHomes.com.
© 2015, Kyle Hiscock. All rights reserved.
How To Sell A Home For The First Time

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How To Sell A Home For The First Time

  • 1. rochesterrealestateblog.com http://www.rochesterrealestateblog.com/top-first-time-home-seller-tips-and-tricks/ Top Secret First Time Home Seller Tips And Tricks Top First Time Home Seller Tips And Tricks When it comes to real estate tips and tricks, there are tons of great articles and content available for first time home buyers. The same cannot be said about tips and tricks for first time home sellers. When the decision is made by a first time home seller to list their home for sale, there is often a period of confusion. Most first time home sellers have no idea where or how to start the home selling process. It’s very important that first time home sellers understand what the home sale process entails, what costs are associated with selling a home, and many other very important aspects of the home selling process. Before you sell your home for the first time, make sure you check out some of the most important first time home seller tips and tricks below. By following these tips and tricks, you will put yourself in a much better position to sell your first home and will make the home selling process seem rather easy! 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. One of the biggest suggestions for any first time home seller is having a home inspection completed before the house is listed for sale. The likelihood that a home buyer will decide to have a home inspection is very strong. Today’s home buyers are scared away from homes relatively easily and correcting problems that an inspector finds before listing your home for sale can greatly decrease the chance that a deal may fall apart due to a buyer getting scared off.
  • 2. Hire A Top Realtor When Selling A Home For The First Time, Not A DUD! Another excellent way for a first time home seller to prepare their home for the market is by making low-cost home improvements before listing the home for sale. Just a few 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. Hire A Top Producing Listing 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. For sale by owners, also known as FSBOs, have a failure rate of 85%- 95%. In any given real estate market, there can be several hundred to several thousand real estate agents who have the ability to sell a home. It’s important that first time home sellers understand that not all real estate agents are the equal. Even real estate agents within the same company are not equal. Some real estate agents are part time real estate agents, some are primarily buyers agents, and other agents may only have had their real estate license for a month or two. How can a first time home seller ensure they hire a top producing listing agent? It’s actually a fairly simple answer, you know how to properly interview real estate agents. A first time home seller who knows how to properly interview prospective real estate agents will have a much greater chance that they hire a top producer and not a dud.
  • 3. It’s important that first time home sellers don’t always assume that the real estate agent who sold them their home is capable of selling the home. There are several things that home sellers should expect from their real estate agent when selling their home. Some of the things a top producing listing agent will provide to a seller may not be able to be provided by the buyers agent who sold them their current home, such as a comprehensive marketing plan. 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 Rochester, NY 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. Obviously a sellers market is preferred when selling a home for the first time. A sellers market typically will lead to lots of demand for a property and the possibility of receiving multiple offers. Before you decide to sell your home for the first time, it’s important you ask a real estate professional their analysis relating to the current state of the local market! 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-
  • 4. First Time Home Sellers Need To Understand The Importance Of Correctly Pricing Their Home! 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! 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. It’s critical that first time home sellers avoid some of the inaccurate ways to price a home, such as using the homes assessed value or using an online home valuation estimate, such as Zillow’s “Zestimates.” There is no possible way an online website based out of San Diego, CA can accurately determine the price of a home in Webster, NY. Know What Your Closing Expenses Are When Selling Your Home
  • 5. 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. Final Thoughts Selling a home for the first time can be extremely stressful and exhausting. A first time home seller who has a top producing agent in their corner will have a much greater chance of a smooth and successful home sale. The above tips and tricks are some of the most important for any first time home seller. Make sure when selling your home for the first time you’re mentally prepared for the possible upcoming home selling challenges that you may encounter. Other Top Home Selling Resources Selling Your Home & The Buyer Cancels via The Las Vegas Luxury Home Pro Should I Accept A Purchase Offer With Home Buyer Grants? via Rochester’s Real Estate Blog Ways Home Sellers Get Their Price Wrong via Maximum Real Estate Exposure What Steps Are Involved With Selling A Home ? via Imagine Your House How To Handle Low Ball Offers In Real Estate via Rochester’s Real Estate Blog How To Sell A Home | Top Real Estate Resources For Home Selling via Bundlr Are you a first time home seller in Rochester, NY? If so, make sure you take good note of the above tips and tricks. By following the above tips and tricks, selling your first home will seem much easier and less stressful! If you have no selected a top Rochester, NY Realtor to represent you in your home sale, contact me, and I’d love the opportunity to interview for the opportunity to get your home sold! Subscribe To Our Blog (it’s FREE) & You’ll Receive All The Top Real Estate Tips, Trends, News, and More in your e- mail inbox!:Delivered by FeedBurner About the authors: The above article “First Time Home Seller Tips And Tricks” was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock). With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com. © 2015, Kyle Hiscock. All rights reserved.