4 Things Every First-Time Katy Home Seller Needs to Know
The process for a first-time Katy home seller is different than when you were a first-time homebuyer. Understanding these differences, along with how to approach the process, can help navigate the next steps.
Be Emotionally Prepared
The first step for the first-time Katy home seller is to mentally prepare to part with your home. This can be easier said that done.
Since you moved in you have been creating memories in this Katy home. Maybe this is where you moved after getting married or where your children took their first steps. These strong emotions can make it hard to actually walk away from.
To help you shift your mindset, approach the selling process as a business transaction. Adopting the mindset of a salesman can help loosen the emotional attachment to the house.
Choose the Right Asking Price
It is important to price your Katy house right from the start. Doing so requires that you perform your research on the local market, looking at the comps in the Katy area.
Pricing is so important because it can dictate your early momentum. The first few weeks your home is on the Katy market can make or break your sale.
If you price your house too high in the beginning it will sit on the market. Keep in mind that the longer the house sits on the market, the harder it will be to sell.
When buyers notice that a house has been sitting on the market for an extended amount of time, they start to think there is something wrong with it. This means that they will start to make low-ball on the home.
Create Your Marketing Plan
Having a solid strategy for getting your Katy home sold is important. It is not enough to simply put a “For Sale” sign in your yard and expect offers to roll in.
Make sure that your home’s online listing contains plenty of great pictures. Put together a social media plan to share your listing with friends and family, asking them to help get the word out. Organize open houses for potential visitors to come and see the home in person.
Having a marketing strategy, and being smart in executing it, can make the difference in your house sitting or selling.
You Must be Ready When an Offer Comes
The Katy real estate market can be unpredictable when selling a house. Your house could sit for four months before getting an offer that you want to accept or it could sell on the first day.
The closing process also varies in the length of time it takes to complete. Cash buyers are able to close faster than those needing to obtain a mortgage.
Regardless of how the sale comes about, you will want to have a plan in place for where you are going to go when it is time to move.
Selling a Katy house for the first time can be an overwhelming and emotional process. You have created many memories in the home and that can be hard to part with. Preparing yourself to emotionally deal with the process, while at the same time getting your home ready for sale, will put a first-time Katy home seller in a good position to sell quickly.