Have you been thinking about selling your house in Minneapolis? Avoid these 5 mistakes made selling a home in Minneapolis!
Have you sold a house in the past? You may know about some of the common mistakes outlined below. Many sellers we’ve worked with have encountered experiences you can probably avoid by reading about some of the most common mistakes homeowners make when selling a house in Minneapolis.
Incorrect Pricing
When you’re selling a house in Minneapolis, one of the most important things is to price it right from the start. Inflated pricing is not an unusual attempt made by sellers looking for homebuyers. It’s normal that you might love your house if you’ve been there for awhile and you’ve made improvements based on your personal preferences. People often add more value to their house than what it is actually worth. It’s natural to want to get the highest amount possible, right?
Beware: Listing your home at too high of a price, right out of the gate, inevitably forces most homeowners to lower the price. When homebuyers see reduced pricing, it can cause misperceptions about the value of the home. Typically, the longer the house is listed, the lower it is going to drop in the search results. Each time the price is lowered, may increase the amount of assumption that there is something wrong with the home.
Failing to Explore All Selling Options
It’s common thought that to successfully sell their house, you call in a Minneapolis real estate agent. Of course, that’s not the case. For some homeowners, the fastest, best solution is selling directly to a buyer such as Fast Cash Homes MN. If a house needs work or needs to be sold in a limited amount of time, a direct sale is often the best choice. No repairs, commissions, or a long waiting time for closing, a direct sale saves both time and money on the sale of your Minneapolis house.
Paying Too Much To Sell
Selling a house with an MLS listing in Minneapolis inevitably involves some costs. Repairs, upgrades, professional cleaning, and staging are expenses out of your pocket, with no guarantee of a certain return.
Beware of spending too much money making repairs on a house you don’t want. When you sell your house directly to Fast Cash Homes MN, there are no costs to you, before or after the sale. Selling to a direct home buyer, you avoid all the expenses and time otherwise spent on cleaning and repairs, also avoiding agent commissions and fees.
Not Understanding Their Buyers Market
When you plan to sell your home, you need to determine who you’re selling to. Who’s buying in the area? Are their more families? Students? Retirees?
Be aware which demographics are the most prominent in your area. Understanding the buyers market that is attracted to your neighborhood or local residential area increases your odds of finding a buyer.
Some homes need a little work or aren’t competitive with others on the MLS. If you’re a homeowner selling a home with these challenges, it’s good to be aware of Investors such as Fast Cash Homes MN who love the opportunity to purchase houses that we can restore, allowing you to move ahead with your plans. We always make fair offers no matter the reason you choose to sell your house in the Minneapolis area!
Improper Staging
Homes on the MLS in Minneapolis, are customarily staged for the people coming to see it. It’s recommended to remove all personal items so people viewing your home don’t feel as if they are intruding. Not only that, it’s best to have as much minimalism as possible. Prospective buyers to be able to envision themselves living there. It helps to remove or strongly minimize evidence of personalities in the house. Packing framed photos, books, art, and other things that might not help people picture themselves living there is the optimal idea. All clutter should be removed as well as clunky furniture or pieces that don’t serve a purpose.
Beware: If you avoid staging or simply shove all their stuff in a closet and call it a day, you’re forgetting that home buyers are going to look in your closet! Consider getting rid of pieces that you’ve been holding on to for too long, or storing these items off-site.
On the other extreme, avoid showing a completely empty house.
Proper staging highlights the property’s potential without distracting from the home itself.
To avoid the time and costs of staging, cleaning, and storage, consider selling your Minneapolis house directly to Fast Cash Homes MN. We buy local properties as-is, without any repairs or upgrades required. You won’t even have to clean up.
Selling your house in Minneapolis is possibly one of the largest financial decisions you will make. Knowing what to watch out for, what to avoid, and what to pursue helps you choose the best selling method possible for your house in Minneapolis or the surrounding area.