Selling a home is an emotional process for many sellers, especially first-time sellers and those who have lived in their homes for a long time. People sell for many reasons; whatever yours is, here’s how to handle it.
For All Sellers:
The first time you sell a home, you may be anxious about the process. With the market always changing, even experienced sellers may encounter uncertainty. To help make the process worry-free, follow these tips and be sure to ask any questions that arise.
- Prepare your home. Make any necessary repairs and get your home move-in ready. If possible, hire a home inspector so you know what to fix.
- Prepare your mind. Try to remove the sentimental or emotional value you have in your home and see it a it is: a place to live.
- Make your home available to show during the day. Improving the accessibility of your home to buyers and their agents may help you sell it faster.
Before Buying Another Bennington Home:
- Plan ahead to save time and money. If you sell your home before you buy a new one, rely on your realtor to help you find a new home or short-term rental before you close.
- Get pre-approved for a mortgage on your next home.
If You’re Trading Up:
Families looking to purchase a larger home may only be thinking about the need for additional square footage or bedrooms, but there are a few unique circumstances to consider while going through the selling process.
- Buy or sell first? You may be wondering, should you sell your current home first or buy a new home and then sell? Your realtor can discuss the options with you to ensure you make the best decision for your family.
- Price it right. Ideally, you’ll want multiple offers so you can choose the highest and best bid. Pricing your home correctly will help you target the right buyers who are willing to negotiate the best deal. Setting an accurate asking price will speed up the selling process so you can move on to the next chapter of your life, while still getting the most money.
Before Buying A Larger Home:
- Continue to shop for a home while your current home is on the market.
- Create a list of must-haves and deal breakers for your next home to make your search more efficient.
- Consider the suburbs. If you want space at a budget price, consider rural or suburban areas where you may be able to get more home for your dollar.
Sarah Smith says
My husband and I need to sell our home before we buy a new one. I agree that you should prepare your mind and remove any sentimental or emotional value. My suggestion would also be to make sure you stage your home so that it looks more like a blank slate where people can imagine themselves living there.
Ridley Fitzgerald says
We want to sell our home this year, so thanks for the tips. I like how you said to prepare our home by hiring an inspector. That could possibly save us a ton of time and money if there are any problems, so we’ll do that.