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Selling Property

5 Tips for First-Time Home Sellers

Let’s face it; selling your house can be a daunting task, especially if it’s your first time. From dealing with inspections and the constant stream of potential buyers to doing paperwork for the first time, selling a property now can drain your energy and eat up days on end. Fortunately, there are a number of things you can do to prepare, ensure a smooth process and an optimal outcome on the sale.
With the right planning and preparation, you will greatly increase your chances of selling the house fast and for more money. Here are just a few proven strategies all first-time home sellers should keep in mind when putting their houses on the market.
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On the other hand, setting it at a price that’s too low means that you may not even get the money that the house is worth. Furthermore, it is important to determine the realistic price of your home if you want to attract genuine home buyers.

Use online platforms- If you are selling your house, having online visibility for your property is key, because that’s where buyers look first. Furthermore, most home buyers look on the Internet for a house they like and then drive to the home for a quick look. They will then contact the seller of the property if they are still interested. Consecutively, if you want to market your house to the whole world, you need to advertise your property on as many of the major property web portals as possible.
Furthermore, spruce up your house’s exterior with brightly colored flowers as well as inexpensive shrubs.

If you’ve never sold a house before, navigating the real estate process as a seller will be a challenging experience. Arming yourself with the above-mentioned tips and tricks will help you to sell your property quickly and for the highest possible price.

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‘For sale by owner’ guide to get an accurate home valuation

In addition to this, appraisers also research public records, gain further information about the value of your neighborhood and complete a far more thorough inspection of your home.

  • Square footage

This is a very basic, yet effective method of evaluating the worth of your home. Locate the recently sold properties in your area that are similar to your home in size, features, age, and square footage. Find the mean sales price of these properties by adding up the total sales price of each property and dividing it by the number of properties. Repeat the same step for the square footage of the properties. Divide the mean sale price by average square footage to calculate the average value of the properties per square foot. Finally, multiply the average value of the properties per square to the number of square feet in your home. This will give you a very accurate estimate of the fair market value of your home.

Mean sales price = Total sales price of all properties / total number of properties
Mean square footage = Total square footage of all properties / total number of properties
Per square foot value = Mean sales price / mean square footage
The market value of your home = Per square foot value * Number of square feet in your home.