There are many reasons why it pays to avoid the MLS when you want to sell your house in the Twin Cities. This blog post will help you decide if you should list or sell directly.
All home sellers have choices about ways to sell a houses in The Twin Cities. For some owners, a traditional MLS listing works. For others, the MLS process is expensive and cumbersome. It’s important to take an honest look at your property as well as what is going on in your local real estate market. For many local homeowners, avoiding the MLS can have better financial results! Read on to discover a few of the reasons why you may be better off working with a direct buyer!
Listing your house on the MLS in Minneapolis can cost you a fortune. When you add up all of the costs, you may find that it doesn’t make sense to list your house with a Twin Cities real estate agent. Here are just a few of the costs you’ll face when selling your house in the Twin Cities, if you sell using a traditional MLS listing.
- Repairs – When selling your house in Minneapolis, you’ll likely be faced with repair costs both before and after the inspection process. If you choose to repair your property, make sure the returns make the repair costs worth it!
- Cleaning – Whether you clean the house or hire a professional, even if you’re selling “as is”, getting a home ready for the market will take time and money. Many people will have the carpets cleaned, and the outside power-washed in addition to the standard cleaning that must be done.
- Advertising – In some cases, home sellers will need to pay for the marketing of their property when working with a Minneapolis real estate agent. Photography, staging, premium listings, and marketing materials can all add up quickly.
- Holding – Do you know what it is costing you to own your home? Many people are surprised to see the totals when looking at how much they are spending on the house each month. A mortgage, utility costs, maintenance, repairs, taxes, insurance, and everything else an owner has to pay for can really put a dent in any potential profits you hope to see from the home.
- Commissions – When working with a Twin Cities real estate agent, you can expect to spend about 6% of your final sale price in agent commissions. While this is worth it for some properties, for many others saving this money is the better option.
- Closing Costs – As a seller, you can expect to pay 1-3% in closing costs for the sale of your Minneapolis property.
With a direct sale to Fast Cash Homes MN, you can sell your house fast, without any of the typical costs or fees. You won’t have to pay commissions, closing costs, or make repairs. You’ll be able to end your holding costs in a matter of days!
With a direct and straightforward offer from Fast Cash Homes MN, you’ll be able to know exactly what to expect and when we can close. There are no worries about the back and forth, having to make repairs, or offering any sort of credit in order to get someone to buy.
In many situations involving MLS, Realtors, and the related buyer situations that require loan approvals, a potential buyer often wants to negotiate the sale price after their additional inspections and appraisals have been completed. You’ll be able to avoid all of this and its accompanying stress with a direct sale.
Keep Strangers Out
When your house is listed on the MLS, people are going to want to come and see it. We have worked with a number of home sellers who had tried to list their homes in the Twin Cities without any luck. One thing most sellers didn’t like about the process, was the fact that they had to let strangers walk through their homes on a continual basis. They had to keep their properties clean and be ready to leave the house at any given moment if someone wanted to come and see it. This can be a huge burden, especially if you have a large family.
Selling a house fast in Minneapolis can make a huge difference in your overall profits. Your costs to hold on to the home will add up much quicker than you may think. Before you list your house, be sure to factor in what it is costing you to own. Everything from the monthly utilities to the property taxes to the routine maintenance costs will all add up. Plus, there are inevitably repairs and other things that come up that aren’t always considered. Add these costs to a mortgage, (if you have one,) and you could be looking at thousands of dollars per month. If your property sits on the market for a long time, you can see how these numbers will really jump over time.
Avoiding the MLS in the Twin Cities can be beneficial for many reasons. Get in touch with our team to find out if a direct sale of your Minneapolis house is right for you!