Top 8 First Time Home Seller FAQs

Is it your first time selling a home in Knoxville? Ensure your house is ready to sell and understand the selling process thoroughly. Learn about these first time home seller FAQs to close the sale smoothly. 

Knoxville First Time Home Seller FAQs

Knoxville is one of the top cities to live in Tenessee. In 2021, home sellers earned $94,092 profit 2021, which was 45 percent higher than in 2020. Moreover, home prices have increased by 25% or more since February 2022. These are some of the reasons why residents in Knoxville are considering selling their homes. 

Here are answers to some of the most common questions for first-time buyers.

1. When Is The Best Time to Sell My Home in Knoxville?

Homes sell faster and for more in April and May because it falls in the Spring season. Spring is usually the time when people can go out and tour homes. The natural lighting and budding flowers and plants appeal to your home. Additionally, if you sell in the spring, you’ll likely close in the summer when kids are out of school. It’s easier for families to move when their kids aren’t in school.

2. What Is My Home Worth?

You will be able to know the accurate listing price using the Comparative Market Analysis Report, which shows market trends and sales data for similar homes. Our team can prepare one for you so that you’ll know approximately what the value of your home is.

Aside from this, midweek is also the best time to publish that listing because most people look at houses on working days. According to research, listings posted on Tuesdays, Wednesdays, and Thursdays sell faster than weekends.

3. How Long Will The Selling Process Take?

The duration of the selling process will depend on the competition, area, and time you are selling it. Typically, it takes a few days to a month to sell in the Knoxville housing market. How fast a home sells is entirely dependent on the condition, location, and price you select as your initial listing price. 

4. Does My Home Need Improvements?

Home improvements are one of the first time home seller FAQs easily overlooked by homeowners. Potential buyers will check the listing virtually and physically, and you may need some upgrades or repairs. However, do only the necessary repairs as upgrading; unless you have a lot of equity, costs for upgrades won’t be realized in your net proceeds from the sale. 

5. Do I Need To Stage My Home?

The short answer is maybe. Staging helps buyers envision themselves in the house and motivate them to buy. When staging, it’s essential to keep the place clean and remove any personal items that identify the owner. You may hire a professional stager for this, which costs around $500 to $2000.

If your condition and location are good and your initial listing price is good, you may not need to stage your home when selling.

6. Do I Need To Be Present When Buyers View My Home?

No. You can leave the details to our team to handle. Having the owner around might make them feel uneasy. They might hold back on asking some questions or expressing their opinion because the owner is with them.

7. How Much Is The Agent’s Commission?

The standard commission is 6% of the selling price but is negotiable between the seller and the listing agent. The commission is then split between the buyers agent and the listing agent.

8. Where Do I List My Home For Sale?

The best place to list your home for sale is with the Knoxville Home Team. We’ll get you worldwide exposure for no extra cost and give you the recommendations you need to make the right choices to get your home sold quickly.

Get more information on first-time home seller FAQs, call us at 856 675 8326. We’ll get back to you promptly.

Thanks for visiting!