5 Things You Need to Know about Selling Your Home This Spring
It’s a seller’s market here in Minnesota. The Minneapolis median home price is hovering around $259,000 so far this March, an average median price per square foot of $136. Inventory is low, and the warm spring weather will only increase the number of home buyers. It’s a great time to consider selling your Minneapolis home.
But without the right help, the right price, and the right attitude, it’s still possible for your home to sit on the market for months. Here are five things I wished all sellers knew before they sell their homes this spring.
1. You Still Need Help
When the housing market favors sellers, many homeowners think they can sell their homes on their own. But without the professional guidance of a Realtor®, your home might languish on the market for months. A professional agent will help you price your home competitively, market your home effectively, and promote your home among their colleagues representing buyers in today’s hot market. With a Realtor®, you could get lucky and find a buyer for your home before you even put it on the market.
2. You Still Need to Put in an Effort
The Minnesota real estate market always heats up in the spring, so don’t expect buyers to put offers in without some effort on your part. If your home does not show well and is not marketed well, it will be overlooked. Your Realtor® can help you get your home ready for buyers.
3. You Still Need to Compete
There may be low housing inventory this spring, but you still need to compete with your fellow home sellers on price. Many sellers are tempted to inflate home prices in a seller’s market. But buyers can spot when a home’s overpriced. A home price that’s fair but competitive will attract buyers. Your Realtor® will work with you to price your home competitively based on comps in your neighborhood.
4. Your Home’s Curb Appeal Still Counts
Your home’s priced well, there’s little competition in your area, but you’ve had several no-show buyer appointments. Have you taken a look at your home from the street? Curb appeal still counts, even in a spring seller’s market. Keep everything neat and tidy, add lighting, and consider brightening up your front door’s paint color.
5. You Still Need to Offer Incentives
Many sellers don’t offer incentives to buyers when it’s a seller’s market, which is exactly why you should. Offer to pay for closing or lower the price to accommodate a new roof or furnace. Incentives help make your property look more attractive.
Minnesota’s spring seller’s market is just heating up. To get your home ready for sale and get it priced and marketed right, contact Trent Shipley at Keller Williams Realty Integrity NW today.