August 18, 2011

5 Tips for First-Time Home Sellers

Buying a home doesn't teach you everything you need to know about selling one.

By Marcie Geffner - HSH.com

First-time home sellers aren't real estate newbies. After all, most sellers were buyers at one time or have been homeowners at least for a while. But just because you've bought or owned a home doesn't mean you know how to sell one. The fact is novice sellers face challenges and decisions that are unique to the sales process.

If you're ready to sell, but anxious about the unfamiliar experience, here are five tips you should consider:

1. Buyer's market or seller's market? During the housing boom, houses sold quickly and sellers had a lot of market power. But today, the opposite is more often the case. If you bought your house in the early or mid-2000s, you might be surprised to find out how much the market has changed, and disappointed to discover you don't have as much power as sellers used to command.

Read on: Five Tips for First-Time Home Sellers