Choosing to sell your house without a realtor allows you to avoid the listing commission, which is typically around 2.7% of your property's sale price in Minnesota. You could save thousands of dollars by foregoing this fee. However, selling your home via the for sale by owner route in Minnesota can be challenging, given the effort required to succeed.
Choosing the for sale by owner approach means you'll handle everything—from determining the asking price to marketing, house showings, negotiations, and the closing process—all of which demand a lot of time and energy. The good news is that there's an alternative: you can hire a low-commission or flat-fee real estate company. These professionals can assist you with the more demanding aspects of the sale for a lower cost and help you sell your home fast.
If you're contemplating the for sale by owner strategy in Minnesota, this guide has insights to help you succeed.
Prepare your house for selling.
Get your home in proper shape before putting it up for sale. This means repairing small issues, painting the house in a neutral color, addressing pests and water damage, and removing all clutter and personal items. Once your house is ready, you can take listing photos and stage it.
Set an accurate price.
The price of your house should be based on what the current market will support—not what you’re looking to profit from its sale. Buyers are not concerned about your financial goals, so set the price according to what they are looking for. Incorrect pricing could make your home stay longer on the market and cost you more money on the final cost.
Realtors usually do a comparative market analysis before setting a price. You can do the same, but personal bias may lead you to pick the highest numbers, even if they don’t match your home’s value. It’s better to leave the analysis to an unbiased third party, such as a flat fee MLS, so you can get logical and reasonable results.
List your home and promote it.
Marketing is a crucial aspect of selling your house via the for sale by owner in Minnesota route. Getting your home listed on the local MLS is a must; after all, this is the tool realtors use to find properties to show their clients. A flat-fee MLS service like Real Estate Corners to help with that.
Real Estate Corners, Inc. can assist you in selling your for sale by owner property in Minnesota. Save money and time with its flat fee MLS service and an FSBO package. Book an appointment by calling (612) 483-1230.
About the Author:
Real Estate Corners is a licensed real estate company that has been operating in Minnesota since 2001. As leaders in the flat fee real estate industry, they offer homeowners two options to sell their properties while saving them thousands of dollars in selling commissions. With over 20 years of experience selling both residential and commercial properties, their team has the knowledge, expertise, and resources to deliver exceptional results for clients of all sizes. Providing top-quality service to each client is their number one priority, and their highly skilled and experienced professionals are committed to assisting you every step of the way.
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