Making your first property sale can indeed be a rewarding experience with the right approach. Start by setting a competitive but realistic asking price, ensuring your home is well-maintained and appealing to potential buyers. Engaging a knowledgeable real estate agent can also provide valuable guidance throughout the process, helping you navigate negotiations and paperwork to achieve a successful sale. These strategies can significantly enhance your chances of a smooth and profitable real estate transaction. If you’re looking to make your first property sale, consider following these key tips featured on this Stamford Advocate article.
When moving from your first property, there’s a lot to think about. If this was your first home, then chances are, you didn’t move to the property with a lot of furniture or belongings. However, your next move is going to be a lot more substantial because of all the furniture you now have.
Moving is an exciting time and when you’re moving from your first home, it’s likely because you’re looking to buy a bigger property. You could even be moving to a new area that you’ve not visited before. If that’s the case, then here are some tips to make your first property sale and move, a lot easier. Moving doesn’t need to be a hassle!
Fix any existing problems before putting it on the market
Firstly, before you go putting your home on the market, make sure you’re fixing any existing problems first. There’s nothing worse than having buyers come over to check out the property and find problems throughout the home.
No buyer will want to buy somewhere that’s got multiple problems if they’re looking for a fairly hassle-free move to somewhere that has no faults to it.
If that’s the case for your home, then make sure these fixes are worked on and sorted before putting it on the market. It’s going to cause less hassle for you further down the line if you have to agree to make fixes before the buyer makes an offer or agrees to the contracts put in place. This may include roofing, lead testing, landscaping, tree trimming, etc.
The last thing you want is to delay the process of the sale, especially if you’re relying on the home to sell before moving.
Get estimates from multiple real estate agencies
When selling your home, it’s always good to get a good scope of pricing when it comes to the property price. Every estate agent is going to be different, with some having more confidence that they can sell at a higher price, whereas others might be more realistic in their pricing.
It’s worth getting a number of real estate agents in to take a look at your property and to value it when the market is right for you to sell. After all, you ideally want it to be a seller’s market, rather than a buyer’s market.
At the end of the day, the decision is yours so make sure you’re not feeling pressured to go with any particular agency. They’re all there to sell you the dream!
Go with your gut feeling on price and be willing to negotiate
Talking of pricing, make sure to go with your gut feeling. You might have a few varying price points to go in at when it comes to putting your property on the market. Think about how you feel and the value you want to achieve from the property.
You may also have influences when it comes to the next property you’re buying and need to achieve a certain price in order to move to your next home.
There are often times in a property sale where you might need to bring down the price due to a lack of movement. Again, this is your decision entirely and if you don’t have the financial ability to do so, stick to your guns and stay with your original pricing.
If it’s meant to sell, it will sell. At the end of the day, you can always take it off the market for a while if you’re not rushed to sell the property.
Stage your home and the rooms for their original intent
When showing your home around to prospective buyers, whether you do this yourself or with the help of an estate agent, make sure it’s staged properly.
There may be certain rooms that you changed into something else for the purpose of your family or household’s needs. However, when you’re showing buyers around, you want to revert everything back to its original intention. The reason for this is that some buyers simply can’t look past the furniture or decor in the space.
It’s good to stage the home and the rooms for their original intent to help sway the opinion of the buyers in the right direction.
Start searching for your next home once you’ve got yours up for sale
When you’re tied into a chain, it means you need to be cautious when you start searching for your next home. Ideally, you want to have found your next home around the same time that you accepted an offer on your current one.
However, this doesn’t always pan out. At the same time though, you don’t want to start looking too early or starting too late. With that being said, put out the feelers once you’ve got yours up for sale.
Once you’ve got yours up for sale, you can start looking at properties and perhaps go to visit them!
Stay on top of your lawyers and any paperwork
To keep things moving at a leisurely but faster pace, stay on top of your lawyers. Some lawyers take it fairly slowly when processing home sales and paperwork can be extensive.
With that being said, you want to keep on top of both in order to ensure everything is moving along as it should.
Organise your move early on and pack early on too
Finally, be sure to organise your move early on so that you’re not rushing around at the last minute. The same goes for packing early on too. You’ll have a lot to sort out when it comes to the moving aspect of your property sale, so be aware of everything you’ll need to make the move as smooth and seamless as possible.
That means having all of your packing supplies ready and packing up your belongings once you’ve got a move-in date for your next property.
Making your first property sale is something that you want to do easily and it can be done easily with the right tips. Use these tips to make your first move from a property, an easy one.