Selling your home requires a lot of work and effort. It’s more challenging when this is your first house.
If you are doing this for the first time, you might have a lot of questions. You might also be prone to making common mistakes committed by most first-time home-sellers. The following tips for selling your house aim to help you identify those mistakes so you can avoid them.
Getting Too Emotional
It’s normal to feel emotional, especially if this is your first home. However, once you decide to sell it, you have to start thinking of yourself as a businessperson rather than a homeowner.
Try to make a few changes in the house so it becomes less familiar, plus, minor remodeling may help increase the price.
Not Hiring a Real Estate Agent
Most agents may command a high commission, about 6% of the sale price, it’s more ideal to hire one. A real estate agent can set a fair and competitive selling price, ensuring a quicker sale, rather than doing it on your own. They would also know what documents that need to be processed for the sale.
Setting an Unrealistic Price
If you opt to do it on your own, you might set an unreasonable price tag. Homeowners normally set a high asking price, thinking that it’s what their home is worth. However, overpriced homes don’t generally sell well. If you don’t want to get a real estate agent, you can probably consult someone knowledgeable to help you set a realistic yet competitive asking price.
Hiding Major Issues
Don’t assume that you can get away with it. Just fix the problems in advance so you can set a price closer or higher than the market value.
It’s normal to be anxious when you are selling your first home, but with proper consultation and help from the right people, you’ll do just fine.