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Listing Through An Agent
Hiring a real estate agent and listing your home through a multiple listing service (MLS) is the most straightforward (and also most expensive) approach you can take.
If you decide that this option is for you when you, most people find reputable agents online and read reviews through websites. Yelp, Zillow, Realtor, Redfin, and even Google reviews are a great way to see them.
Customers of said agents also spread out their experiences across multiple platforms, so it’s better to check all of them out to find a good one.
However, if you want local realtors with specific experience in your area, referrals are a great option. Checking out open houses isn’t also a bad idea either, since you can usually find an agent hanging out there.
Here, they will help you advise on realistically pricing your home, listing it on MLS, and enhancing your curb appeal either through repairs or renovations. Agents will also take care of the open houses and the paperwork involved.
If you already have decided on one, you’ll have to foot an average of 5.77% of your home's sale price in Minneapolis to pay for the listing and agent fees.
For Sale By Owner (FSBO)
FSBO refers to directly selling your house without a realtor. Some homeowners may prefer this option to avoid paying agent fees, which can account for 5-6% of the home’s purchase price.
Should you sell your house, you can potentially save thousands of dollars. However, you’ll have to shoulder all the agent responsibilities in exchange. Sales also take longer than expected, with normal sale times averaging around 3-6 months.
To do this, you would either need to enlist an agent or a flat fee MLS company, so you still need to shell out some money.
Previously, you also had to cut in the buyer’s agent some commission. Thankfully, the NAR Settlement now allows MN homeowners to potentially save 2.5% to 6% on listing & buyer agent commissions.
Sell Your House To A Local Minnesota HomeBuyer Today!
Lorraine Aguilar
Yuba City, California
"It truly has been a great pleasure working with Jerry and Molly. They’re both very professional, extremely knowledgeable, honest and caring individuals. Thank You so much!"
Cassy Jo. and Steven W.
Minneapolis MN
It was a fantastic experience! From the initial consultation to when we finalized paperwork, Molly and Jerry were very responsive, on top of everything, and were always available to answer any questions we had. If you're talking about going above and beyond, they did that and more!
Daniela C. R
Fort Worth, TX
They stepped in and helped me find a new house for me and my family even after they bought our house. It was tough trying to get all this done on my own prior to, but they truly helped to lower my stress level. From coordinating the movers all the way up until the truck was packed, I never thought it could be this easy.
Get Your Free Cash Offer Now!
Fill out this form to get your no-obligation all cash offer started!
Renting
Homeowners have several options before foreclosure is finalized. A deed in lieu allows the homeowner to transfer ownership to the lender voluntarily, avoiding auction but still affecting credit. Some lenders offer repayment plans, allowing homeowners to catch up on missed payments.
For one, you’ll have an appreciating asset and have access to a monthly cash flow, but most importantly you can now call yourself a real estate investor when you introduce yourself to other people (kidding!)
While being a landlord sounds pretty sweet, there’s a reason not everyone’s doing it – you need to put in a lot of work to be successful. For example, you’ll first have to conduct due diligence and perform intensive market research.
You'll have to crunch factors such as identifying comparable properties, local rental rates, renter demand, and account for future development plans to determine the market's stability in the long run– all real estate jargon that sounds so much better hearing from HGTV.
Next would be property management costs and screening for tenants. You’ll have to weed out the bad ones from the good ones and then account for repairs and maintenance requests. I could go on and on about the headaches, but we’ll cover that in another post.
In short, If you’re interested in renting, I highly recommend gauging whether it will work out financially for you.
If you’ve done all the math and there’s a sizeable net profit for you every month – think $3,000 monthly on a $400k home – great! However, if you’re only making a decent amount ($1,400/month), then it’s better to use the house equity could be better used for less stressful investments.
Cash For Home Buyers
If due to circumstances you’re experiencing the following:
- Don’t have the time for a traditional sale
- Want to pocket more money
- Don’t want to become a landlord
Or just don’t want to deal with the hassle, there's one option you could do: local cash home buyers.
The beauty of cash home buying companies (like us!) is that homeowners like you can sell a property fast, without any extensive repairs, open houses, or long closing times since we’ll directly take your house off your hands, paid in cash. Simple as that.
Thanks to this, you don’t have to deal with repairs, make your home available for showing, do tedious paperwork, and handle all of the nerve-wracking things associated with traditionally selling a house since we will all handle it for you.
We are also aware of a common perception that selling to cash home buyers results in a lower-than-market price in exchange for speed and convenience. Our homebuying approach allows us to give you a fair and honest cash offer while keeping a bit of profit after completely restoring your house.
Since cash home buyers buy your property “as is”, you don’t deal with agent fees, costly repairs, and the investment needed in order to make your home ready for the market.
To wrap it up, there are four options you can do when selling your house in Minneapolis. It’s entirely up to you what options you think are best in your situation.
If you’re interested in the fourth option, we highly recommend working with a trusted “sell my house fast” Minnesota company. Ensure they make fair, honest, and transparent offers that properly reflect your home’s real value.
Get Your Free Cash Offer Now!
Fill out this form to get your no-obligation all cash offer started!
If you have any more questions we haven't covered in this article, we highly recommend visiting the rest of our blog. You can also contact us if you have specific inquiries, and either Jerry or I will pick up your call!
