“What Are My Options To Sell My House Fast In Minneapolis St Paul?”
Homeowners in Minneapolis St Paul who want to sell their home quickly need to know what their options are…
If you own a home and you’re thinking, wondering, “how do I sell my house fast in Minneapolis St Paul,” this blog post is a quick tutorial on your available options, and how you decide which option is right for you.
The speed of selling your home comes down to three main factors:
1. How long you’re willing to take to sell your house
2. How much you’re willing to spend to sell your house
3. How much you’re asking for your house
Option #1: What Is Your Timeline?
The first factor is: how long are you willing to take to sell your house? When most people think about selling their home they think about two different options. The first option that comes to mind is the traditional way of hiring am agent who will charge a commission to give you some advice on getting your home ready for the market. A good agent will hire a professional photographer to take pictures, have a staging company come in an stage your home. Set up marketing threw the MLS and market it all around Minneapolis St Paul metro area. Then they put it up for sale and wait for people to come threw, and make an offer. This can take up to 6 months to get the sale.
The second way is sold by owner. When you do all the leg work. You are able to save some money but you will be investing a bunch of your time. Data has show threw the years that people who sell their homes DIY ways have a 5% success rate. So you put in all that effort over the course of months and still don’t sell it. That can be discouraging.
However, many homeowners don’t want to wait that long. Usually people sell because they need to move and they don’t always have 3 to 6 months (or longer) to wait for a sale. So there is another option, and that is to bypass the agent, and the sale by owner process and sell directly to a home buyer.
Option #2: How Much Do You Want To Spend?
Most people are surprised by this question because they don’t realize that they have to spend money to sell their house but if you sell the traditional way, there are two times that you have to spend money: before you list, when you renovate your property to get it ready to sell; and after you sell, when you pay your real estate agent a commission for selling the property. Both of these can costs THOUSANDS of dollars.
When listing with a traditional agent that will give you their expert advice on what it is going to take to sell you home. Often its a bunch of little things and a couple of big things. For example, to update your home for a retail picky buyer, (today they are more picky then ever before) you may have to put in a new kitchen or bathroom. Did you know that a new kitchen in a average home can run $30,000 or and an average bath remodel is $10,000. That is not putting in something extra ordinary either.
Not all homeowners are comfortable SPENDING all that money in order to SELL their house. If you’re a homeowner who would prefer to keep more in your pocket, you have another option: you can sell your house direct to a homebuyer like us at Minnesota Cash Home Buyers. We buy houses as-is and take care of all costs (and there are no fees or commissions). You just pick the closing date and we even pay for the closing cost.
Option #3: Selling Price
Some homeowners believe that the market price for their house will be high, so they’re willing to wait and gamble and see if a buyer will purchase it for that price. When a buyer is eventually found, they MIGHT offer more, the same, or less than the asking price. We keep hearing in the media that home prices in Minneapolis St Paul area are continuing to go up. But, be careful, those messages are for home tip top shape homes in outstanding areas of the twin cities.
But not all homeowners like the “unknown” of this gamble. They don’t want to wait months in the hopes that someone will offer what they’re asking. They subscribe to the saying, “a bird in the hand is worth two in the bush”, meaning that they’d rather work with as-is cash home buyer – even one who might offer slightly less than a market price – in order to know EXACTLY how much they can get for their house right this very instant. They just want to get the house sold and they have their reasons. I guess that might be the reason why you are reading this on how to sell my home fast in Minneapolis St Paul – What are my options. As you have read, you do have options.
If you’re a homeowner and you’re wondering, “What are my options to sell my house fast in Minneapolis St Paul?” then it really comes down to these 3 factors that will determine whether you’re willing to list or to sell right now.