3 reassuring truths every first-time home seller should know

3 reassuring truths every first-time home seller should know

Selling your first home can be an overwhelming experience, especially when faced with unfamiliar concepts and procedures. It's common to feel out of your depth during this process, but you're not alone in feeling this way. Many first-time sellers experience the same confusion and uncertainty.

Property transactions can be complex, which is why there are professionals like real estate agents, bond originators, and transferring attorneys to guide you through the process. It's okay to feel overwhelmed, but by partnering with trusted experts, you can greatly reduce the stress involved.

To help first-time sellers navigate the process with more confidence, here is three important truths that can make selling your home less daunting:

1) Nobody is a pro at selling their first home
It's easy to feel like you missed a life lesson on homeownership. The truth is that while some people may have been exposed to real estate conversations through family or friends, most only learn about homeownership when they buy their first home. Fortunately, there are plenty of resources available online, making it easier to familiarise yourself with the basics of selling a property. Remember, everyone starts somewhere, and selling your first home is a learning experience.

Agents do not only sell or rent property on behalf of their clients but also have their ear to the ground in terms of what current property values are, how much properties might sell for, and what is happening in the property market.

Always meet the agents in person before appointing them:

This will give you a chance to ask questions and assess the agents. Check how long they have operated in the area. Each area is different, and local expertise is a vital point of advantage for any seller.

Look for a successful sales track record:

Ask for a list of their recent sales in the area, how long it took to sell, and the prices achieved. A strong sales record is an important indicator of the likelihood of success and that the agent could find the right buyer for the property.

A strong brand and network are another advantage:

An established brand will have a strong online presence for maximum exposure of your property backed by the latest technology and marketing and sales methodologies. They will use best practice to market and sell your property.

Look for someone who will assist every step of the way:

Selling a property is a complex process with many legalities to be taken care of. A good agent will explain the process and guide the seller to ensure they have all the necessary documents and maintenance done for an efficient selling process.

2) It's okay to ask questions   
Selling a home is one of the most significant financial decisions you'll ever make, so it's crucial to ask questions to fully understand the process. Don't hesitate to seek clarification, even if you think your question might seem basic. You are entitled to understand every aspect of the transaction, so speak up if something doesn't make sense. Asking questions is how you ensure you're making informed and confident decisions.

3) You don't have to go through it alone
One of the smartest moves you can make is partnering with a reliable real estate professional. A trustworthy agent can not only guide you through the entire selling process but can also connect you with other experts, such as tax consultants or financial planners, if needed. Selling your home doesn't mean you need to be an expert in every detail. Surround yourself with knowledgeable professionals who can provide support and guidance every step of the way.

By understanding these simple truths, first-time sellers can approach the process with more confidence and less anxiety. Selling a home may feel overwhelming at first, but with the right information and the help of trusted professionals, you can successfully navigate the journey and achieve your real estate goals.

Extract from Property24