Where do I start when I want to sell my house?
It all starts with meeting a local realtor who can provide insight into the sales process. They will know the market and can help you derive the best course of action for your specific needs. There are two ways to sell your home or condo and can be discussed in an initial assessment. This initial assessment can help you decide on the best course of action, and it’s important because each option has different requirements and timelines to keep in mind.
- Make Updates to Appeal to More Buyers: Make sure to discuss the most profitable items in the home to upgrade with your realtor before making a decision on what to move forward with. Items like painting, lighting, staging, and cosmetics will typically have the highest rate of return. Larger items like plumbing, electrical work, and structural changes will usually have a lower rate of return.
- Sell as-is: If you’re tired of looking at your house, or if it’s in need of repair that would be prohibitively expensive, selling as-is may be the best option for you. Of course, a cash offer isn’t out of the question either, but prepare to have your expectations managed as investors will typically want to purchase lower than true market value.
Where do I start when I want to buy a house?
The beginning step in the process of buying a house is figuring out what you can afford. Your income combined with your other debt obligations should not exceed 36% of your gross monthly income. For example, if you earn $4,000 per month before taxes or deductions, that would mean that no more than $1,440 should be used for housing every month.
Once you have determined how much you can afford to spend on housing, your next step is to find out what houses are currently available in the area where you want to live.
You will typically do this by looking at online listings (many home sellers offer advance showing appointments) and talking with an agent about what is coming onto the market in the future.
You should also hire a Minnesota based agent to look for homes and negotiate on your behalf.
Why should you use a Minneapolis Real Estate Agent when selling your home?
There are a lot of reasons why you might choose to work with a Minneapolis realtor when selling your home.
Some of the benefits include:
- Expertise – Realtors have experience with the local Mpls real estate market, and they know what is most likely to sell quickly.
- Leading Edge Technology – Realtors use up-to-date technology when listing houses. This lets buyers view your home in the best possible light using state-of-the-art features like high-quality virtual tours and 3D floor plans.
- Legitimacy – You will be dealing with a licensed real estate agent who is legally obligated to put your best interests first.
- Marketing – Realtors can help you get more exposure for your home online and offline, including on the MLS (Multiple Listing Service), which gives buyers access to more than 80% of all homes listed in Minneapolis and the surrounding areas in Minnesota.
- Negotiation Skills – Realtors negotiate on your behalf and help ensure you get a fair price. They can also mediate any disputes between buyer and seller until a deal is reached.
These are just some of the benefits of working with a Minneapolis real estate agent when listing your house.
How do I choose a Minneapolis Realtor?
Choosing a Minneapolis Realtor is a big decision and should not be taken lightly. There are a few steps you can take that will help you choose the right choice for your needs:
1. Get recommendations
Ask friends, family, and colleagues if they have any recommendations for Minneapolis Realtors.
You can also search online real estate forums, where members discuss agents and the experiences they’ve had with them.
2. Do your research and read reviews
Decide what you want from your agent before you speak to anyone so you can ask informed questions about their experience and training right away. Online reviews are a great way to get information on past experiences clients have had with the realtors you choose to interview.
3. Get ready to talk
Prepare questions ahead of time, so you are not wasting your time.
Take notes during the initial meeting, or bring a friend with you to take notes for you. This will be your opportunity to determine if this is someone you can work with and if they are likely to get you the best price possible on your home.
4. Trust your gut
Ultimately, it’s up to you whom you decide to work with
You can always get another opinion if you are unsure about anything during the process. But, in the end, it will be your decision which person you choose to list your house for sale.
How do you know if you have a good realtor?
The best way to find out if you have a good one is by asking current and former clients for their opinion of that person’s performance.
If you want to sell your home quickly, it is critical that you pick someone with experience in the local Minneapolis market who knows how to price homes right and get them sold as soon as possible.
Here are four signs that you have a good realtor:
A good agent will be in frequent contact with you about the status of your sale. When we communicate well, we keep you updated about any changes in the market and how they affect your property.
Good communication skills go hand in hand with a willingness to face tough questions and keep you updated throughout the transaction.
A good realtor is someone who will commit the time needed to sell your home effectively on your schedule, not theirs.
They can also be relied upon to show up for appointments, answer phone calls promptly, and follow through on their commitments.
- Local knowledge
A good agent should know everything about the Minneapolis area that is important to a seller: schools, zoning, market trends, etc. The more knowledgeable they are about the community and current market conditions, the better equipped they will be to price your house competitively and get it sold as soon as possible.
Agents with knowledge of the community and its history will be able to answer questions about crime rates, schools, local businesses, and more.
Good real estate agents should be able to provide their clients with all the resources they need in order to sell their home, whether it is information on getting your house ready for sale or contacts for people who can help you.
Good realtors are resourceful and can overcome any obstacle that might impede the sale of your home.
Buying a home in Minnesota?
We think you will be very happy in our beautiful state. We sincerely hope that our FAQ guide has answered many of your FAQs and helped with the important education needed for home shoppers in Minnesota. If you have further questions for us about purchase agreement form or what Minnesota purchase agreement requires us to do, we are happy to help you with all of these questions. Contact us for more information.
120 Hennepin Avenue #224
Minneapolis, MN 55401