Are you thinking of selling your house in Minneapolis St Paul? Put down the phone! Don’t call the real estate agent yet. Today, the traditional real estate market that most agents work in is not a perfect fit for every property or seller. The industry standards for listing homes for sale have evolved in recent years. Staging properties with interior Designers, costly furnishings, redoing kitchens/bathrooms, and high-quality digital imagery now highlight every detail. If your home does not look like a new or remodeled home, the MLS may not be a perfect fit. Typically, homes in less than stellar condition just sit on this market for sale, as buyers overlook them and put in insultingly low offers. Most buyers here are looking for a property they can immediately occupy, decorate and start enjoying.
Often, it becomes more challenging to do all maintenance and the ongoing repair bills that happen to a property as one gets older. Even if a property was rehabbed 20 years ago, kitchen faucets, water heaters, and furnaces start to fail. These are all costs that a homeowner must face and pay for to keep it in good shape. Financial issues can also put a damper on keeping homes in top condition. In many cases, owners are not financially able to wait for the listing to run its course. Listing a house entails lots of marketing, buyer showings, and ultimately negotiating the home’s sale. In contrast, others would prefer to make a slightly higher profit on the property and keep the commissions for themselves, who are not concerned about time.
Read on as we explore three unconventional ways to sell your house in Minneapolis St Paul.
If you happen to find yourself talking to a buyer who is in a position to have a rent-to-own opportunity, this is the first of our unconventional ways to sell your house in Minneapolis St Paul. Through this proven sales method, you can make significant more end-of-the-day profit on the sale of your home; however, it may take a few years to realize fully. There are things to consider. For all the trouble of holding onto the property you initially want to just sell and providing the opportunity to your buyers, you are able sell at an above-market price, get a nice down payment, and charge higher monthly rent. Typically, these deals include an extra monthly payment amount that goes towards the down payment. This is in addition to the monthly rent and down payment you got when you signed the contract. As a result, buyers are able to enjoy a homeownership experience while you realize a better cashflow and higher profit on the sale. On the flip side, if your buyers discover problems with the property while they are living there, even if you were unaware of them, you’ll have to fix it because you are still in full ownership of the property. Additionally, you’ll be setting the purchase price for the home based on a guestimate of the future market trends. At the same time, you may end up selling for more than would be possible at the time, Or the market could have a sudden bust, and you could lose thousands of dollars in potential profit by locking in the sales price now.
Another unconventional way to sell your house in Minneapolis St Paul is to do all the repairs, update, market research, advertise, and market the property yourself, saving your commissions and fees. Regrettably, only about 11 percent of those homeowners in Minneapolis St Paul who selected the sales method successfully closed the deal. Should you choose this route, you must understand that the primary job of a real estate agent is to market your home. To compete against other listings that buyers are looking at, you will need the same prep work as an agent would require, high-quality digital photography, and online exposure for the same results. Did you know that most professional real estate agents will place your home for sale on up to 85 different real estate websites for exposure? Sites like Minneapolis Zillow.com and Realtor.com, to name a few. Additionally, these sellers typically value their home much more than what the typical comps will tell them the house is worth. When the price is not correct and is too high, the sale does not happen. Overpriced homes sit because today’s tech-savvy buyers are fully aware of how much house they can buy for the amount you’re asking. Underpriced homes sit because these buyers are left to wonder what is wrong that is unseen in the listing. Most importantly, it is essential that you fully understand the laws regarding disclosure and the consequences of neglecting this aspect of home sales.
One of the most unfamiliar of these unconventional ways to sell your house in Minneapolis St Paul is the direct sale of a home. For homes that don’t fit the conventional method that retail market demand or owners are in a hurry to sell, a direct sale is a time and money-saving solution. In this method of home sales, marketing, and waiting for buyers, all the repairs and cleanings, showings, and fees all go out the window; you can bypass the long, drawn-out listing process that can be 60 to 90 days and keep all the money you would have spent prepping and repairing in your pocket. In addition, you can forget all about the hassles when you work with a direct home buyer; the property will be sold in as-is condition. As a result, direct buyers take the risk off your shoulders should any problems be discovered after the sale. Added to these benefits is the flexibility of setting the closing date around your schedule; we can close in as little as seven days or hold off until you’re ready; you are in control. If you’re considering an unconventional way to sell your house in Minneapolis St Paul, why not talk to an expert at Minnesota Cash Home Buyers first. Our direct buyers at Minnesota Cash Home Buyers will detail each process step by step, taking the time to listen to any of your concerns, so you can decide what is best for you. Contact Minnesota Cash Home Buyers today at (612) 444-5088.