Do you need to sell a house in Minneapolis St Paul sooner than later? In this post, we will offer some tips to help you sell your property quickly, no matter what is happening in the world.
With all of the market uncertainty in the twin cities today. We just finished the stay-at-home order, social distancing is still a thing, and the coronavirus might be a part of our lives for a long time. Then on top of all that, you have the thought of selling your house in Minneapolis St Paul, which can feel overwhelming. Most people will tell you to hire an agent to get started, but how does that work. Hiring a real estate agent is just the start of the process. You will be listing the house for sale, so completing all the repairs you put off, cleaning, and maybe even updating the home. The Agent will be talking about marketing, showing, open houses, and waiting for an offer can all take a toll on a homeowner. Then comes the real pain when you sit at the closing table and see the commission and fees that you are paying out again. Did you know that the average homeowner spends $21,000 to sell a house? Wow, that’s a lot. That said, there are other ways to sell aside from the traditional route, which includes hiring a Minneapolis St Paul real estate agent. Below we offer a few tips and ideas to help you sell your house in Minneapolis St Paul without any of the costs and hassles homeowners often face.
Work With A Professional Buyer
Another way to sell your house is to find a professional house buyer who is respectful, trustworthy, and able to do what they say they can do. Once you find a Minneapolis St Paul home buyer, they will ask you some basic questions concerning your home:
- How long have you owned it?
- Have you done any major repairs to it, and when?
- What do you owe on the house?
- Any second mortgages or additional liens on the property?
- What kind of issues are current problems with the home?
- How much do you think it is worth?
Those are the typical type of questions plus some others the home buyer will ask to help them come up with an offer. They usually have worked with hundreds of good people like you and understand the real estate market in Minneapolis St Paul Minnesota . Because of their past experience and understanding of the twin cities’ real estate market, they can put together an offer that is the actual value of your home and will be able to purchase your house quickly. Most homes that people sell to home buyers are sold as-is. You will be able to sell without having to spend any money cleaning, fixing up your house, or doing any repairs.
In most cases, you will be able to close on selling your home right away, saving you even more on your day to day costs like utilities, property taxes, insurance, and even mortgage payments. Most importantly, when working with a local direct home buyer to sell your house in Minneapolis St Paul, you won’t have to spend money on agents commissions or title company closing costs. However, it is crucial to keep in mind that not all these buyers are the same. At Minnesota Cash Home Buyers, we will work with you, always working on your timeline and schedule. We don’t put pressure on you, yet we will help guide you down the process of selling your home. As a professional home buyer, we will make an all-cash offer, free of costs and fees, without any obligation whatsoever. Our process is entirely transparent, so you will always be in the loop, knowing exactly what to expect.
Many good people are harnessing the power of the internet to help them virtually market, get exposure, and show their homes through videos and pictures. If you are doing a for sale by owner this might be the very thing that would help you. You can get creative in your digital marketing efforts by doing some paid Facebook advertising or even the free adds to get you started. Others are creating an elaborate virtual tour through images or videos bound to catch your potential buyers. Remember that to set your house up for success, creating virtual tours besides other marketing costs can get expensive fast. Even if you are a marketing wizard, the time that goes into creating those tours, finding the best spots to show them in front of buyers can be time-consuming. Before you opt for advanced marketing options, make sure you know its cost upfront. Sometimes, when you add everything up, spending all of the extra cash, and investing your time that could be used elsewhere, isn’t worth it. At the end of the day, you are better off with a direct sale to a Minneapolis St Paul home buyer.
Rent To Own
There is a group of people that it doesn’t matter what’s going on in the world; they don’t need all the money right now. If you don’t need the full sum of the sale right away, selling it via rent to own can be a great option. Just go into this agreement with full knowledge of what you are doing, and you know you have all the right paperwork in place to protect you. A rent to own agreement also called a lease to own or lease option, is made up of two agreements. A standard property lease agreement and an option to purchase contract. You’ll want to be sure you have a legal and comprehensive contract in place so that no disputes arise during the duration of your agreement. things to have in your agreement:
- The Lease or Rental Agreement
- The Option to Purchase
- Payment of rent and setting aside monthly rent payments varies
- The tenant makes necessary repairs to the rental property
- The tenant must fulfill lease obligations
- The tenant should inspect the house and order an Appraisal
It would help the whole process along if you also had great tenants/buyers lined up. You most likely are going to be dealing with these people for a while, so pick the best ones you can find, so you won’t have to worry about being back at square one several months down the road. Using a rent to own agreement to sell your house will open up the property to a whole other pool of potential buyers, ones that might not be able to get a traditional mortgage from a bank at this point. You might find someone to buy who just had a bad stretch in life and need someone to believe that they can get back on their feet. At the end of the day, a rent to own contract can offer you a steady income until the house has sold.
Get Granular With Your Marketing
Who is your ideal buyer? What are they looking for, and what amount can they pay when buying your house? It would help if you asked yourself a lot of questions about who your potential buyers are. Once you have answered these questions, you are in a much better spot to determine how to reach them. What do social media do they use? What do they watch? What can you do to get their attention with your house for sale marketing? To find a traditional buyer ready to go right now, you’ll need to know who they are ahead of time so you can market the property accordingly. To get those people, you need to think a bunch upfront and focus on them with everything you do.
Spend Some Time Fixing It Up
Giving your house a little face life will help to garner more attention to your property. Painting the front door a contrasting color and planting some new bushes out front adds to the curb appeal. Choose small projects that will stand out to potential buyers. You know all those little delayed maintenance items you have been putting off, get them done. Repair the holes in the drywall, doors that are tight and will not open easily. Those kinds of small things put doubts in people’s minds when they view houses. They say to themselves if these things are issues and I see them, what else is hiding under the surface. Just make a goal to get them done. You should also remove any clutter or personal belongings, many people selling their house rent a storage garage and declutter their homes and put those items in storage. Now that you are close have the house professionally cleaned. All of this should be done before you have your listing photos taken.
You’ll want to understand the costs and the expected return on your efforts. These things add up to thousands of dollars fast. You don’t want to spend time and money fixing up a house, only to find you are still stuck with it, months down the road. Make sure that it makes sense to invest in your unwanted property before selling it. For many homeowners, selling as-is to a direct buyer ultimately leaves the seller with more cash when all is said and done.
While things may be a little crazy with the economy right now, there is no reason why you won’t be able to sell a house in Minneapolis St Paul. With the right tools, list of paperwork to sell your house, and strategy, you can still generate profits. At Minnesota Cash Home Buyers we buy houses fast directly from local homeowners. There are never any fees or obligations,with some ways of selling you need know what your cost to sell your home right up front, so there is not surprises. There isn’t a catch and you will never feel any pressure to sell your house to us. Get the facts and learn about your options before moving forward with the sale of your house in Minneapolis St Paul!