7 Tips for First-Time Home Sellers

A number of economists are forecasting an increase in home sales this year, and some are predicting that more first-time buyers will be in the mix.

That's great news for sellers, particularly first-time sellers most likely to have the kind of starter homes these buyers will want. Below are some tips for those selling a home for the first time.

Before selling your home, give some careful thought about where you will live next, said Hedda Parashos, owner of Palisade Realty in Spring Valley, Calif. "Planning ahead will save the time and money associated with moving multiple times or trying to get out of a deal after you sign a purchase agreement," she said. "Your Realtor can help you locate a new home or rental before you close escrow or negotiate a lease back."