Tuesday, September 24, 2019 / by Gianfranco
Most first time home sellers said they will never use the same agent again. Keep reading to find out what they did wrong…
Here we are with six money-making tips for first-time home sellers. If you're selling your home for the first-time, these six tips will help you put thousands of money in your pocket.
Definitely, knowing what price to set for your home is important. Pricing is one of the most important things when listing your home. If you price very aggressively, you're going to get the right buyer very quickly and you might even create a bidding war. So, making sure you set the price exactly at where it needs to be and not even a little bit higher will get you the best results.
Also, understanding why you're selling. Knowing what factors you're taking into consideration when you're selling your home can really help you in navigating through the process and making sure you got your timelines correctly.
Making sure that your agent has buyers already lined up is another important thing. This is a huge one. So, your agent needs to show you the list of buyers that he or she has in their pocket waiting for you to list your home so they can all come. Essentially there's got to be a demand for your home before it's even goes on the market. There's got to be a build-up.
If there's no demand and you're putting up your home for sale today and everyone's just finding out about that today, you're not going to get the results. This is one of the most important one hands down. Make sure you have this now.
When the buyer comes with an offer you want to know their motivation. So, knowing why they have to move can really help you with your negotiating. If they're looking for a quick sell, then you know that you can work with the price. They're motivated. They're kind of in a rush, so you can use those as a great negotiating tactic.
Make sure that you interview and choose the right real estate agent. This is very crucial. Because you can do all these things but if you've got the wrong real estate agent then unfortunately, you'll leave money on the table. This is happening all the time. So, make sure you interview and pick the right real estate agent. Having the right team that can handle this for you is very important.
What's another one that's really good, that's going to put some money in our first-time sellers pockets today? What the buyer can really pay. In our market, we have a lot of issues around financing, so you want to make sure that the buyer that's going to come forward and give you an offer is financially capable in purchasing your property. The last thing you want is issues close to closing or worse somebody giving you an offer and then backing out during conditional period.
And if you get a low-ball offer, don't get emotional. We've seen many times these low-ball offers turn into good offers and final sales.
If you're thinking about making a move in the next three to six months and you would like somebody from our team to help you with the purchase or sale of your home, you can just call 647-977-9752 or you can go to our website at www.torontoplatinumteam.com and somebody from our team will reach out to discuss your plans and what the next steps will be.