{"id":146,"date":"2015-11-17T10:10:35","date_gmt":"2015-11-17T18:10:35","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=146"},"modified":"2015-11-17T10:30:10","modified_gmt":"2015-11-17T18:30:10","slug":"5-tips-for-first-time-home-sellers","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2015\/11\/5-tips-for-first-time-home-sellers\/","title":{"rendered":"5 Tips for First-Time Home Sellers"},"content":{"rendered":"

Selling a home is nothing like buying one. Whether you’ve been in the home for four years or 40, first-time sellers need to consider some important points before getting started.<\/p>\n

1. You need the right agent<\/strong>
\nUnless you’re offering the home For Sale by Owner, you will need to sign an agreement with a real estate agent and their brokerage. You’ll also have to pay a commission. Because the agreement contractually ties you to your agent for three to six months, choosing the right one is more important this time around. Unlike when you were a buyer, you can’t simply come in and out of the market.<\/p>\n

2. You\u2019ve got to be ready to sell<\/strong>
\nIn the Internet age, you only get one chance to make a first impression. Information flows more quickly than ever. If you list your home at an unrealistic price or not in the best condition, the number of days on market (or DOM) will add up – and could come back to bite you later.
\nSellers who resist their agents\u2019 pricing suggestions may not be emotionally ready to separate from their home. By overpricing it, they will self-sabotage the sale. It’s better not to list your home than to “try” at a high price or in bad condition.<\/p>\n

3. DOM factors into buyers\u2019 offers<\/strong>
\nA typical buyer looking at a listing will first notice the price and size. They will then scroll through the photos and look at the listing history. If a home has been on the market more than three months, they may think there is something wrong with it.
\nOr, what\u2019s worse, when you do get serious and adjust your price or condition to what it\u2019s really worth, buyers will penalize you for it by offering even less.<\/p>\n

4. You\u2019ll never interface with the brokerage – only your agent<\/strong>
\nThe agent you choose matters more than the brokerage, although you should consider both. If you list your home with Suzy at XYZ Brokerage, Suzy will be your only contact with the company.
\nAgents are independent contractors who choose to hang their license with a company whose brand and culture match their business. While a well-known or large brokerage is an important consideration for listing, if your agent is successful and someone you trust, they will do a good job no matter the brokerage.<\/p>\n

5. If you get an offer, you have to move soon<\/strong>
\nOnce you get an acceptable offer from a buyer and you sign the contract, the clock starts ticking toward your closing. Many sellers underestimate the amount of time it can take to list, sell and close on a home. Know your market before you list, and put a plan in place for where you’ll move when your home sells. If your market moves quickly and your agent expects the home to sell within a few weeks, it might be better to wait.
\nThe best advice for first-time sellers is not to sell until you are ready. Have a plan, know where you are going, and work with a great local agent early on. You should do what it takes to present your home in its best light and price it right.<\/p>\n

Selling a home can be very stressful and emotional. Add on top of that packing and moving, and it\u2019s a lot to deal with for anyone. Be sure you\u2019re prepared before you start the process.<\/p>\n

5 Tips for First-Time Home Sellers<\/a> by Brendon DeSimone | MSN Real Estate<\/p>\n","protected":false},"excerpt":{"rendered":"

Selling a home is nothing like buying one. 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