5 Looks Your Home Buyers Will Hate and the Ways to Improve them

Inheriting a home from a loved one is not always ideal for the recipient.

Last Will Testament, Selling an Inherited Home in MN

 

But the chances of it happening are higher than ever.

 

In fact, according to Accenture, $30 trillion worth of wealth is expected to pass from older generations to younger generations over the next 30-40 years.  And you can expect that property will make up a large part of that transfer of wealth.

 

As a result, there’s a high probability that your parents or other close relatives will leave you their property when they pass.

 

Deciding what to do with an inherited home can be overwhelming, especially if you don’t want to move in or become the landlord of a rental property.

 

If you inherit your loved one’s home and are thinking about selling, here are some helpful tips to guide you through the process of selling an inherited home in MN for a profit, without all the headache you might expect to come from the process.

 

The Best Way to Sell an Inherited Home in MN

 

Selling Inherited Home in MN

1. Start Right Away

Grieving the loss of a loved one while trying to sell an inherited home, can be overwhelming to say the least.

 

But the truth is, the sooner you start, the better.

 

You have a lot of work ahead of you if you want to sell an inherited home in MN for a profit.

 

And, while we’ll explain the process in more depth in this article, you should also know that you’ll be responsible for:

 

 

And lastly, you’ll have to close on the deal before your inherited property is finally off your hands and you can move forward.

 

Just remember, an inherited property must go through probate before you’re allowed to sell it.

 

Most states will let you rush the probate process so that legal representation isn’t required, but only if the property in question is worth very little.

 

If your property is worth a lot, you’ll have to wait for the executor of the will to distribute your loved one’s assets and settle all the estate’s debts.  This only gets more complicated when siblings are involved, as you’ll need their permission to sell.

 

2. Get Some Tax Help

Selling an inherited home isn’t as easy as selling your primary residence.  In fact, there are many complicated factors that play into how selling an inherited home will affect you financially.

 

Understanding Inheritance Tax When Selling an Inherited Home in MN

 

When it comes to selling your inherited MN home, be aware of these tax implications:

 

  • Estate Tax. Minnesota has an estate tax for estates valued at $2 million or more. This tax falls on the estate of the person that passed away. Anything that’s left over is given to inheritors. The maximum estate tax in MN is 16%.
  • Inheritance Tax. There is no inheritance tax in MN. If there were, it would fall onto the heirs and beneficiaries, not the estate of the person who passed away.
  • Federal Estate Tax. This tax falls on the estate of the person that passed away. The exemptions are extremely lenient, though you should consult a tax specialist to make sure you don’t owe federal taxes.
  • Income Tax. Since MN doesn’t consider inherited property as “ordinary income,” you may not owe income tax on the property you inherit. You still have to report earnings to the IRS, though, which is important to know.

 

As you can see, there are many tax implications that play into selling an inherited home in MN.  Getting professional, legal advice is always going to be your best option.

 

3. Assess the Property

Depending on how your loved ones maintained and upgraded the property, you may have a lot of work ahead of you to make a profit from selling it.

 

You should first plan to clean out all personal belongings.  Keep what you want (or dole out belongings according to your loved one’s will), throw out what’s no good, and sell anything that’s leftover.

 

Then, evaluate the property’s condition to see where it stands as is.  Is it in good enough condition as it stands to generate a profit if you sell right away? Will it need extensive renovations?

 

If this is something you’re considering, contact Homestead Road.  We specialize in buying homes as is, for the biggest all-cash offer possible.  We make the process of selling an inherited home in MN painless, so you can move forward with your life.

 

If you don’t want to sell your home as is, talk to a real estate professional to help you decide things like:

 

  • What upgrades are needed to be competitive in the current housing market
  • How to stage the property for showings
  • What purchase price to set the home at (you may want to consult with a local appraiser)
  • How to advertise the property as available

 

In addition, a reliable real estate professional will help you through the process of paying off any existing mortgage or other debts associated with the property.  This way, you can avoid mortgage trouble and other financial setbacks.

 

And remember, just because you’re selling a home you’ve inherited doesn’t mean other expenses cease to exist.

 

For example, you’ll still be responsible for utility payments such as water, sewer, electric, trash services, gas, and more.  You’ll also need to make sure the landscaping is maintained so it’s ready to show to prospective buyers.

 

4. Get Insured

You never know how long the process of selling your home will take.  Unfortunately, most insurance companies don’t care about your individual circumstances.  As a result, they’ll stop insuring a property after 30 days of it being vacant.

 

While this may not seem like a big deal to you (after all, you cleared the house out and no one lives there), the truth is, vacant homes are more susceptible to damage, break-ins, theft, and even squatters.

 

Look into some affordable vacant home insurance to protect your newly inherited property and yourself, just in case.  This is especially true if you plan to invest in renovating the property so you can sell it for a higher profit.

 

In Closing

How to Sell an Inherited Home in MN

 

If you’ve inherited a home from a loved one, and are looking to sell it for a profit as fast as possible, contact Homestead Road.

 

You’ll receive a free, no-obligation assessment of your inherited home so you know what the best option for you is.

 

Losing a loved one is hard enough.  Don’t get stuck with an inherited home just because you don’t know what else to do.  You’ll find that selling an inherited in MN can be a quick and easy process if you educate yourself and get the right team of people helping you.

Residential backyard deck

Selling real estate is a lot like selling goods and services. You need to have a good product, to begin with. You also need to identify your target customers, know what makes them tick, and find out how to attract and convince them to buy what you’re offering.

In writing, all these sound like a walk in the park. In truth, selling real estate takes more careful preparation than merely cleaning the garage and greeting open-house visitors with a plate of cookies. We should know; we’ve been buying and selling houses as-is for over ten years.

Allow us to share one important thing about real estate selling which we notice every time we buy houses in Minneapolis.

To Whom Do You Want to Sell?

Take a leaf out of food manufacturers’ book: They have their target customers down to a T. They know the age range, general background, interests, even hobbies of the people most likely to buy their products. They use this information to design product packaging that will be most appealing to their ideal customers. It’s why snack foods have brightly-colored wrappers (appealing to mostly young people), and organic food is often in cardboard takeout boxes (appealing to the environmentally-conscious).

In selling a house, you also need to know to whom you should appeal. Are you selling to a parent looking for a family home or an investor who wants to earn a profit out of your property? The answer will guide how you prepare and present your property.

Appealing to Home Buyers: What Makes Your House an Ideal Home?

A buyer looking for a house to call home will look for qualities that will make that dream a reality. It could be a wide backyard where the children can play, and the dogs can run around to their heart’s content; a large living room where a real Christmas tree can fit comfortably; or a bright kitchen with restaurant-grade appliances and an island where they can sit, drink coffee, and read the newspaper.

Here’s where the freshly-baked cookies come in. You must paint homey images like these when selling to home seekers. As such, you’ll want to highlight the family-friendly aspects of the house. Can the staircases be easily baby-proofed? Show them off. Does the living room have bay windows and a fireplace? Highlight these areas with complementing curtains and pouf chairs by the grate.

Even if your property doesn’t have all the qualities the potential buyer likes, you might still hit a couple that will sway their decision towards buying your house.

Appealing to Investors: Show Off Your House’s Good Bones

Real estate investors will look for the potential to increase a house’s market value. It’s why they buy houses as-is: they pay less for a property that could net them a significant return even after spending on repairs. Appeal to this crowd by pointing out the features of the house that they can enhance or build on, like hardwood beneath shag carpets or beautiful brick overlay behind peeling wallpaper.

Seasoned real estate investors will see the potential of a property even if you don’t play up its features. It’s one of the reasons they’re ideal customers for as-is house sellers. They don’t need to see a house at its best, but they’ll appreciate an honest run-down of the areas that need repairs. You can be more candid with them about these matters than with home buyers.

You can expect some investors to nitpick and bargain, which isn’t ideal if your goal is to sell your house quickly and earn a profit. Consider talking to us instead.

Homestead Road has earned the trust of many as-is house sellers in Minneapolis. We’d love to hear all about your property and what you envision it to be. We’ll consider your input as we restore your house so that another family may soon call it home.

More importantly, we’ll give you an honest and fair offer. Meetings with us are obligation-free; we’ll let you decide what you think is best.

Call, fill out our contact form, or visit our office at 5402 Parkdale Drive #101, Minneapolis, MN.

 

selling-minnesota-home-fast

Table Of Contents
The Status of the Real Estate Market Right Now
Top Reasons You May Need to Sell Your House in Minnesota Fast
When to Sell Your House
Factors Influencing Whether You’ll Sell Your House Fast in Minnesota
How to Prepare Your House to Sell Fast in Minnesota
The Best Ways to Sell Your Minnesota House

 

Needing to sell your home fast in Minnesota can be a challenge.

 
After all, you’ll have to whip your house into selling shape, find a reliable real estate agent to work with, market your house to the right target audience, and hope that someone becomes interested and actually buys your place.
 
However, because time is of the essence, you may find yourself having trouble finding a buyer willing to pay the asking price of your home. Not to mention, who knows what the market will be like at that very moment.
 
Seemingly changing every day, will it be a seller’s market? Or a buyer’s market?
 

Either way, if you need to sell right away, it won’t matter what the market is doing, you’ll just have to find a way to sell.

 
To help you figure out how to sell your Minnesota house fast, we are giving you the complete rundown with this guide. That way, no matter what situation you’re in, or what situations you run into, you’ll know exactly what to do to sell your home fast, and move forward with your life.
 

infographic-ultimate-guide-sell-mn-house-quickly

(Click to Enlarge)

 

The Status of the Real Estate Market Right Now

Although time is not always on your side when it comes to selling a house fast, it’s good to know that as of right now, it’s definitely a seller’s market.
 
Hard to believe, right?
 
Well believe it. Since the housing crash of 2008 when housing prices fell a record-dropping 12.4%, the market has jumped up an impressive 11.4%. This raised the median house price to $210,200 (up from $180,100 in 2008).
 
And that’s just the median house price for today. Who knows how high it will be in the months to come.
 
real-estate-trends-increasing-fast
 
Adding to this, the National Association of REALTORS® reports 5.51 million existing homes were sold in 2017. And, despite a small dip in those numbers during the first two months of 2018, statistics are showing that the market is on the rise again.
 
Even states in the Midwest (who saw a 2.4% decrease in home sales in the last 12 months) are seeing things turn around in favor of the seller.
 
Want to know more? Check out these recent housing market trends in the United States:

  • The Midwest is seeing a median home price of $179,400
  • First time buyers made up approximately 29% of all home sales in February
  • All-cash sales made up 24% of all sales in February
  • The average time a property stayed on the market was 37 days, down from 45 days in 2017

And to narrow it down to your particular region, check out these trends specifically related to Midwestern states such as Minnesota:

  • Millennials are expected to make up 42% of the buyer pool in cities such as Madison, Wisconsin; Columbus, Ohio; Des Moines, Iowa; and Minneapolis, Minnesota
  • Inventory is down nearly 11%, making it harder for people to buy, and easier for people to sell
  • Housing prices in Minneapolis are four times greater than median household incomes, making it harder for people to buy starter homes (though not stopping them from doing it)
  • The average home price in Minneapolis is now at a record-breaking high of $246,000, which is $16,000 higher than the previous record

However, many sellers think that because inventory is low and demand is high, that selling their Minnesota home fast is not going to be difficult to do. But that is far from the truth, especially if they have to sell right now.
 
There is much more to selling your home fast than knowing the current state of the housing market.
 
Selling a house, no matter what state the market is in, takes a lot of time, money, and effort. And sometimes when you are desperate to sell your house immediately, you don’t have the time, money, or desire to put in all that effort.
 
In fact, it’s times like these that you’ll find yourself needing more help than ever.

 

Top Reasons You May Need to Sell Your House in Minnesota Fast

There are many reasons why you might find yourself needing to sell your Minnesota house fast.
 
In fact, you might even consider selling your house as is, so that you can unload it as quickly as possible and move on.
 
Let’s look at the reasons that would force you to have to sell your Minnesota house fast, so you can identify your specific situation and make an appropriate plan going forward.

 

Financial Crisis

sell-home-fast-during-financial-crisis

It can happen to anyone.
 
Maybe you lost your job. Maybe you experienced a medical emergency that put you behind on your bills, including your mortgage. Maybe your less-than-great money management skills have finally caught up to you.
 
Regardless of the reason you’re in a financial crunch, what matters now is that you need to sell your home as quickly as possible so you can get into more affordable housing and decrease your debt.
 
Don’t let mortgage trouble get the best of you. Consult with professionals if you need help selling your home fast.

 

Relocation

Being promoted at your job, or simply getting a new job altogether comes with lots of excitement.
 
But you’ve got a big problem on your hands: timing.
 
It can be hard to sell your Minnesota house at the exact moment you need to relocate for your new job. In fact, it can be impossible at times, depending on when you are due to start your new job.
 
Rather than miss out on a great opportunity, or risk getting in trouble at your new job, get a fair cash offer on your house as soon as possible and move on to bigger and better things, hassle free.
 
This way, you won’t have to deal with finding a real estate agent, staging your home, and finding prospective buyers, all while preparing for your new job.

 

Lack of Resources

Selling a home often requires additional expenses for homeowners.
 
Many buyers today have high expectations for the homes they would consider making an offer on. As a result, turnkey properties attract the most interest.
 
However, like many sellers, you may not have the extra time or money needed to renovate your home – after all, you’re trying to save as much as you can to purchase your next home. Or perhaps you are concerned about investing in renovations that might not actually bring in the same return as what you spent on them.
 
In such situations, many homeowners struggle to decide whether to invest back in the house that they want to leave, or drastically reduce the asking price in order to get an offer.
 
Fortunately, there is another option that you may not have considered yet.
 
Selling your home to a professional real estate investor means that you’ll be able to get a fair offer on your house, without the hassle of having to renovate it first.
 
And, because most real estate investors already have the funds available to purchase your home, they are often able to close the deal quickly – making it a great reason to sell your house fast.

 

Lack of Buyers

sell-minnesota-home-fast-few-buyers

Has your house been on the market for some time, with no interest from homebuyers?  
 
If so, you might want to sell your house for cash fast so that you can at least get some money for it. After all, an empty house sitting on the market does you no good financially.
 
If you’ve been using a real estate agent to help you sell your house, and haven’t received any offers, it’s time to contact real estate investors, such as ours at Homestead Road, that will give you the highest cash offer possible and make getting out of your Minnesota home a breeze.
 
This way, you can get a fair offer on your house today, receive the cash in hand, and be done with the whole house selling process now.
 
 

You Can’t Pay For Two Houses At Once

Perhaps you’ve had your eye on a certain house that just became available.
 
Now imagine the headache that is going to come with trying to sell your current Minnesota home at the same time you’re trying to buy this new house.
 
If the house you’ve been eyeing has just been put on the market, chances are other people are going to be jumping on the listing as well.
 
But the truth is, there is really no way to perfectly time selling your current house and buying a new house at the exact same time.
 
And because of this, you face many problems:

  • Not having the money to put down on your new house because your current house is still for sale
  • Successfully buying the house you want, but having to pay two mortgages because your other house hasn’t sold yet
  • Not knowing how much money your current house will sell for, making it harder to budget for things like a down payment on your new house
  • Trouble getting a mortgage on your new home because your current home is still on the market
  • Having to consider renting your current home until it sells (especially if the market is down), which comes with a whole new set of struggles

Avoid all these hassles by requesting a free, no-obligation cash offer on your home today.
 
By doing this, you’ll know exactly how much money you have to work with when your current house sells, so you can concentrate on grabbing that new home without any worries.

 

Home Inheritance

If you’ve recently inherited a home from someone close to you, there’s a chance you might want to get rid of it as soon as possible.
 
Perhaps the inherited home is too far away, not the right size, or simply not your taste. Perhaps you already own your own home and simply aren’t in need of another home. Or perhaps you need the money from the sale of the house to go toward new expenses.
 
While Minnesota does not have an inheritance tax, an estate tax is levied on estates exceeding $1.6 million (though this is expected to increase to $2 million this year).
 
This tax falls onto the estate of the person that has passed, and the beneficiaries or heirs inherit whatever is left over. Many beneficiaries have a difficult time covering this tax on their own, without additional assets, like profits from an inherited home, to put towards the tax.
 
If you need to sell your inherited home fast, request a no-strings-attached cash offer on your home today.

 

Additional Reasons to Sell a House Fast

In addition to the above-mentioned reasons for needing to sell your Minnesota house as is, you might also need to move fast because:

  • You’ve outgrown your home and you want to purchase a new one before prices continue to creep up, or worse yet, before national interest rates do
  • Your personal relationships have seen a change – marriage, divorce, or the addition of a baby all make a difference
  • Neighborhood concerns such as an increase in crime may put pressure on you to move quickly
  • Retirement may be coming up and the appeal of moving into a retirement community may cause you to want to sell your house fast
  • A change in health, such as not being able to navigate stairs anymore, may create a sense of urgency to move

 

When to Sell Your House

Is now the right time to sell your home? Should you wait until a certain time of the year?
 
Here are the top considerations for knowing when to sell your home.

 

Timing Considerations

To start, you should determine whether it’s truly a good time to sell or not.
 
For example, Mortgage News Daily will tell you that house sales in the Midwest tend to peak between March and June of every year.
 
That’s because this is the best time for people who have children in school to buy, as the school year is wrapping up soon. To add to that, yards tend to look their best in the springtime, which helps to boost any home’s curb appeal.
 
That said, even if it’s the middle of winter when you find yourself needing to sell your house, remember, houses still sell year-round.
 
Maybe not as many will sell in the winter or during the holidays as the in the spring, but it is still possible to sell your house fast during the off-season with the right investors helping you.

 

4 Questions to Ask Yourself

considering-questions-before-selling-minnesota-home

Here’s a look at some of the best questions to ask yourself before deciding to sell your Minnesota home:

1. What does my financial situation look like?

Consider how much is left on your mortgage and whether selling is going to cover the loan costs.
 
If you’re in a bad financial situation, figure out the lowest selling price you’re willing to take. Make sure selling doesn’t put you in a worse financial situation than you are already in.
 

2. Is my house ready to show?

Make sure your house is clean, the yards are landscaped, and all repairs are handled before you decide to show your home to prospective buyers.
 
 

3. What are my actual time constraints to sell the house?

Figure out when you need to leave.
 
Is it urgent you leave immediately because you’re starting a new job? Are you drowning in debt and staying is making matters worse? Or, are you just interested in moving to a bigger house that you like more?
 
The answers to these questions will help you define a timeline and decide whether to use a real estate agent, or work with an experienced real estate investor whose main priority is to help you sell your house as fast as possible.

 

4. What time of the year is it?

It’s important to consider the time of year it is when you decide to sell your home.
 
That’s because in Minnesota, there is a limited timeframe you can reasonably expect to sell a house before the harsh winter cold comes and selling becomes more difficult.
 
Evaluating your individual situation will help determine if you can wait until spring or need to close the deal as quickly as possible.
 
Understanding general housing market trends and your level of urgency to sell your house will help you determine the perfect time to sell.

 

Factors Influencing Whether You’ll Sell Your House Fast in Minnesota

There are several additional factors that determine how fast you’ll actually be able to sell your house, regardless of what time of year it is.

 

1. National Economy

national-economy-increasing

As housing prices increase, it’s usually a sign that consumer spending is on the rise, meaning people will be able to buy your house for the asking price.
 
However, as housing prices continue to increase along with interest rates, people’s spending habits may start to change.
 
In fact, in recent years it has been more difficult for first-time buyers to secure mortgages and harder to save up large down payments, making people put home buying lower on their list of priorities.
 
Studies show that though some millennials want to buy a home this year, many face between 10-20 years of saving in order to have the traditional 20% down payment. And with the cost of rent continuing to increase, not to mention the general cost of living that includes the cost of education, healthcare, and retirement, saving for a down payment becomes less of a priority.
 
Adding to that, when it comes to securing a mortgage, not only will qualifying for the right amount be a struggle, finding an affordable interest rate is something that continues to plague those that want to buy right now.
 
This means that even though inventory is low and demand is high for housing right now, selling may become a problem if local buyers can’t afford your home.
 
 

2. Minnesota Economy

But the problem is, opportunity doesn’t always mean money in the bank to put a down payment on a home.
 
In fact, there are many things that are keeping interested buyers from purchasing a home in Minnesota. Here are the top ones:

  • Not having enough money for a down payment, the monthly mortgage, taxes, and maintenance
  • The cost of housing increasing faster than people’s incomes
  • A fear of investing in an expensive home after seeing what happened when the bubble burst in 2008
  • The rising costs of raw materials and labor to construct new homes are driving costs higher than expected

 

That said, if people’s incomes aren’t matching the rising costs of buying a home, they simply cannot, and will not buy.
 
And, even if people do have the funds to buy an expensive home, chances are they won’t because they don’t want to see the housing market crash again and bring them down with it.
 
This ultimately means that, despite the booming Minnesota economy, you will have more trouble than ever selling your home fast, no matter what condition it is in.

 

3. Interest Rates

As interest rates continue to rise, nearing the 5% mark, buyers are finding it more difficult to afford housing.
 
That’s because while purchase prices and interest rates are up, incomes are not rising alongside these two numbers, which is causing concern amongst those interested in buying. This crunch will make it more difficult for you to sell as fast as you want.

 

4. Neighborhood Trends

It’s important to know the general state of your home’s neighborhood before putting it on the market.
 
For instance, the demand for housing, how many houses are available for sale, the condition of the homes near yours, and the asking prices of similar houses all play a role in how fast you’ll be able to sell your Minnesota house.

 

5. Your Real Estate Agent

According to the Association of Real Estate License Law Officials (ARELLOS), there are about 2 million active real estate licensees in the United States.
 
However, with so many real estate professionals to choose from, it can be difficult to find an agent with the right experience, motivation, network, and resources to sell your house as fast as you want.

 

6. Your Ideal Buyer

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How fast you will be able to sell your Minnesota house depends on the type of house you have and what kind of buyer is best suited for living there.
 
Is your house more suited to growing families? Would it be more appealing to older buyers?
 
What types of features would be most important to those buyers? 
 
Is your home close to local amenities such as dining, shopping, entertainment, or parks?
 
According to a survey conducted by the National Association of Realtors (NAR), 57% of people would trade a big yard for a small yard if it meant they could live in a community that had a shorter commute to work and could walk to places such as schools, stores, restaurants, parks, playgrounds, and recreational areas.
 
If your house doesn’t have what buyers are looking for, you’ll find your house sitting on the market for longer than you hope. And if this happens, you’re going to right away to get your house off the market.

 

How to Prepare Your House to Sell Fast in Minnesota

Preparing your home to sell is a big deal, especially if you’re looking to do it as fast as possible.
 
That’s why breaking down the most important tasks is the best way to make sure you cover all your bases and can sell your house as soon as possible, and for the right price.
 

1. Price Your House Wisely

If you price your house too low, you’ll lose money. If you price your house too high, it’ll never sell.
 
Find the sweet spot to not only sell your house, but sell it fast.
 
If you are unsure about how much to price your house for, consult an experienced real estate agent or real estate investor. They’ll know the market trends and can help you competitively price your home.
 
It’s important to remember, however, that if you need to sell your house fast, there’s a chance you won’t get the fair market price for it when selling it traditionally, especially if you decide sell it as is.
 
In those instances, selling your home to a real estate investor may be more beneficial.
 
For instance, if you decide to go with real estate investors like Homestead Road, we offer a free, no obligation assessment of how much your house is worth and will make you a fair all cash offer and quick close.
 
 

2. Advertise Your Property

advertise-minnesota-home
 
The way to get word out that your house is available for sale is to promote it across many channels.
 
You can list your house in online ads, in the newspaper, on flyers, in the MLS listings, and even on your real estate agent’s website.
 
Be very descriptive in your home listing. Also use crisp, exciting images, and make your contact information clear so prospective buyers know exactly who to contact when interested.
 
You can also include information about the local neighborhoods, nearby schools, and crime statistics to ensure people that your house is located in a good neighborhood.

 

3. Be Ready for Home Showings

You want those who are interested in buying your home to have an easy way to view it.
 
After all, no one wants to blindly buy a house they’ve never seen before.
 
Schedule flexible open house times, be available for private showings, and always make sure your house is presentable before showing it to anyone.
 
For instance, remove all personal items, make sure the house is properly cleaned (even if you’re still living in it), and remove items such as children’s artwork or political items to avoid offending anyone or biasing them against buying from you.
 
When it comes to cleaning your house before a showing, pay close attention to:

  • Dust, dirt, and grime that has built up over years of living there
  • The kitchen and bathrooms, including sinks, faucets, toilets, and showers/tubs
  • The floors – include a sweep, vacuum, mop, and buffer, depending on the floor type
  • Garbage in the home, garage, and front and back yards
  • Pets so that no one gets hurt, those allergic aren’t affected, and it’s easier to show the house

As the housing market becomes more competitive thanks to low inventory, you might want to take it a step further and consider staging your home for potential buyers.
 
After all, 81% of buyers say staged homes make it easier for them to imagine the home as their own.
 
Adding to that, here are some more startling statistics you might not know about staged homes for sale:

  • A study by Coldwell Banker Real Estate Corp. found that staged homes stay on the market for half the time that non-staged homes do, and sell for 6% above asking price
  • Home staging is the number one thing you can do to sell your home faster, ahead of cleaning, carpeting, and painting both the interior and exterior of the home
  • Since 51% of people look to the internet first to find a new home to buy, it makes sense that a staged home will be more appealing in online photos
  • You’ll save approximately $2,122 in mortgage payments staging your home thanks to it selling faster, which is great for those in a financial crisis looking to release themselves from a mortgage they can’t pay
  • The most popular rooms to stage and the percentage of people staging them include the living room (83%), kitchen (76%), master bedroom (69%), and the dining room (66%

Staging your home for prospective buyers is one of the best things you can do to sell your house for the most money possible. But again, if you find yourself needing to sell your house fast, staging your home and holding showings can wreak havoc on your time and money and may not be an option.
 
Requesting a free, no-obligation cash offer on your house is an option, however, and one that can get your Minnesota house off your hands immediately.

 

4. Maintain Your Home’s Curb Appeal

curb-appeal-minnesota-home
 
First impressions are huge when it comes to selling your house. If someone drives up to your house and immediately doesn’t like what they see, you may never be able to secure a sale.
 
Plus, great curb appeal will help you sell your house for more money and quicker than ever because of its positive effect on prospective buyers.
 
In fact, some realtors state that exterior home improvements and freshly landscaped yards boost ROI up to 150%.
 
That’s why the following outdoor maintenance should all be done on a routine basis:

  • A fresh coat of paint
  • Fix any outdated or broken widows and window coverings
  • Repair the rain gutters
  • Trim the shrubs, hedges, and plants
  • Sweep the walkways
  • Clear out the trash
  • Pull weeds

You might even want to add some special touches, such as potted flowers, to enhance your house’s exterior a bit more.
 
Whatever you do, don’t forget about the backyard! It is sometimes easy to do this because it’s not something buyers see when they pull up to the house to attend a showing.
 
However, most homeowners like to spend a lot of time in a well-maintained backyard, which is why tending to the backyard is just as important as tending to the front yard.
 
Try washing the deck, and even staining it or painting it so it looks inviting.
 
Add backyard lawn furniture as a way to stage what it could look like once someone moves in. Even consider adding special outdoor lighting or extra storage areas to make your home stand out.
 
If you can’t handle this on your own, or just don’t want to, consider hiring a professional landscaper to take care of it for you.

 

The Best Ways to Sell Your Minnesota House

selling-minnesota-home
 
After understanding all the different factors that go into selling your Minnesota house fast, the final thing to do is determine exactly how you want to sell your house.
 
Your reason for wanting to sell fast, the amount of resources or extra cash you have on hand, and your individual financial situation will all play a role in how fast your house will sell.

 

1. Use a Real Estate Agent

There are plenty of reasons why using a real estate agent to sell your Minnesota house is a good idea:

  1. They know how to price your home competitively
  2. They can stage your home to appeal to a wider buyer base
  3. They can get you higher offers thanks to an increase in showings
  4. They can expose your home to a wider buyer pool using a variety of marketing channels
  5. They can help you find highly qualified buyers and negotiate the best terms
  6. They can represent you during home inspections to ensure everything stays on track

That said, not everyone wants to deal with the costs or hassles associated with hiring a real estate agent, nor does everyone have the time to deal with one, either.
 
That’s why our next option is often the best way to sell your Minnesota house fast.

 

2. Sell Directly to a Real Estate Investor

Whether you are looking to sell your Minnesota house fast, are wanting to sell your house as is – or both – consider selling directly to knowledgeable real estate investors, such as the ones at Homestead Road.
 
With fair cash offers that come obligation-free, Homestead Road makes selling your Minnesota home a breeze.

 

Benefits of Selling Your House to Our Real Estate Investors

  • Sell your house “as is” for up to 20% above any other offer you’d get using a real estate agent
  • Receive stellar customer service since the focus is on helping families get out of bad situations
  • Never worry about preparing your house to sell or staging the inside to convince buyers to make a purchase – Homestead Road takes care or fixing up your house using our own professional team
  • Save money by not having to hire a real estate agent, fix up your house, or stage it
  • Get help with moving costs to help alleviate the stress of moving
  • Avoid foreclosure by selling your house as is, right now
  • Rest assured your house will be restored using high quality materials and sold to a family who is also trying to find an affordable home to live in
  • Avoid typical closing costs associated with selling a house
  • Never worry that your house is too rundown or in need of repair, since all homes have the ability to be restored
  • Receive individualized advice for your situation that will lead to the best outcome possible, including a quick sell

 

If you want to sell your Minnesota house as fast as possible for the highest price, contact Homestead Road.
 
You’ll receive a free, no obligation assessment of your home situation and be able to talk to real estate experts who are experienced in buying houses as is for cash.
 
In the end, you will find that selling your Minnesota house for cash is a simple, hassle free, and financially sound process when you use Homestead Road.

 

 

How Quickly Can I Sell My House? 

Want to sell your home quickly with a good profit? Are you thinking of how quickly can I sell my

house? If yes, then you are at right place. Here we willWe Buy Houses Fast in Any Condition, For Cash guide you about different effective strategies that most of home-owners use for sell their home fast in this competitive market.

It is quite essential to follow some strategies for getting a profitable deal for your house. For selling a house fast, you can also take help from a real estate agent. Selling home to real estate investors also can help you to earn a good profit.

If you don’t want to hire an agent and do this selling task by your own, then go through the Internet, check current market conditions, visiting condos for sale in your area.

Some of the most essential home selling tips which will make your property stand out from the competition and increase your chance of quick sale are-

Price your home according to market real estate value-

To get the immediate attention of house buyers, you need to price your home as per the market real estate value.

If you will list your house with higher price rate, then no one will be interested. Therefore, before you decide selling price of your home, make sure to compare it with other condos available in your area and set its price according to it.

Look at the current demand for property in your area-

It is important to note that house buyers usually invest in houses which are surrounded with all essential amenities. You may not have the luxury of selling when the market is perfect. Homes which are surrounded by reputable schools, good transportation links, numerous parks, shopping malls, hospitals are usually of high price rates.

Homes which are not located in the urban area and have less or no transportation, hospitality or other services nearby are of high price rates.

Choose the right sale method-

Choosing the right sales method is also quite important. You can choose either a private sale or auction where you can list your home for selling. Alternately selling home to real estate investors is one the recommended method.

It is important to note that in the seller’s market an auction is a better option. The high level of buyer demand could drive up the final sale price of your home at auction and will give you the advantage of a predetermined sale date.

For making a decision where to list your home from both these options, you can take help from an expert real estate agent.

Appeal to more buyers by staging your home-

If your home requires minor improvements then immediately start doing it before listing your home for sale. Usually, house buyers quickly turned off by a house which is available for sale with visible problems. They don’t invest in a house which requires large maintenance cost. For example, if your kitchen cabinetry and gadgets are old then replace them, repaint your house, change your washroom accessories etc. They don’t want to have to spend more time and money after going through the stressful buying process. By completing these repairs upfront, you can save your money and time later in the sale negotiation of home.

Be responsive to any potential buyers-

You and your agent will have to be available for potential house buyers to show them the property. Make sure to answer all their calls and messages which they ask regarding about your property.

Also, take time out of your busy schedule to gain regular feedback from your estate agent about your potential buyers. You must be willing to make adjustments as needed and spend some time preparing and planning in order to sell your home quickly.

If you want to sell your home fast then go through all these above mentioned some of the most essential home selling tips.

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You can also take advice from our real experts about how to sell a home in competitive real estate market. If you have a question in mind that how we buy houses and sell it with a good profit then contact Homestead experts.

“Sell My Home As Is” A Best Option for Home Seller

Does your house need repairs and you don’t have money and time to renovate it? Do you want to sell your home quickly with profit? If yes, then contact with one of our real estate experts at Homestead road who will provide you right solution for your home and feel the Joy of selling your house as is.

If you are thinking how can I sell my house fast and looking for a reliable and confidential service provider then choose Homestead road. For getting in touch with us just simply fill our online form and our experts (Meet our team) will contact you shortly.

We Are the Market Leader of Industry:

Success in any any business or profession starts with serving people better than anyone else. This is especially true in the home buying industry as well. At Homestead Road, we tailor our services to meet the needs of each individual and family we serve every day. If you want to sell your house quickly for the best possible price, that’s where Homestead Road shines. No matter your history or current situation, we want you to experience the joy of selling your house “as is.”

Our network has different investors who purchase homes nationwide in any price range, area and in any condition. If you want to sell your home to market price, then Homestead Road has few options for you-

Why Should I sell my house to Homestead Road?

EASY TO APPLY!

We value your privacy

 

Homestead road is available with the team of real estate experts who will help you to sell home fast. Our network consists real estate agents who are experienced in getting a home sold quickly and real estate investors who purchase houses fast.

 

We will help you to get connected with our real estate professionals who will give you no-obligation, confidential, and free offers. Our motive is to help you sell your home quickly.

 

Integrity, experience and honesty are part of our every home selling offer. Whether you want to sell your house because of short sales, divorce, family illness, to avoid foreclosure or any other reason our real estate experts are always there to help you.

 

Reason Why you should choose us? Sell My Home As Is

If you are thinking about how to sell home fast by having a profitable deal then you are at the right place. We at Homestead road give you multiple home selling offer to choose from. Our investors can help you to manage your loans, pay cash immediately for your house.

 

  • Expect a fair-cash
  • Get a quick solution
  • No fees or hidden charges
  • Dwindle all the paper works
  • We buy house even if it needs renovation
  • We are top notch house buyer

 

Best of all, Homestead road is a reputable organization who has been dealing in the real estate market from so many years.  Simply fill out the form to get your “as is” price, or call with any questions.

Reasons which shows why Homestead Road “ sell my home now” option is perfect for you are-

  1. From the year of 2007, we have helped more than 500 happy homeowners who sell their home fast.
  1. Our unique integration system and process enable us to offer up to twenty percent more for your home. It means that from quote to closing you can sell your home “as is” quickly at the best price.
  1. Whatever the situation of your house is, we are prepared to sell it in every market with a profit.

So, if you are looking for a reliable organization which will buy your house then stop searching and just visit our Homestead Road website today.

We buy houses of all types with any condition. For any kind of query feel free to contact us at 612-808-6767 and sell your house at astounding prices quickly.

We buy houses fast for cash in any condition

We can help you short sell your house

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Home Selling 101 – Why a Home Seller Should Consider Having a Home Inspection Home Selling 101 - Why a Home Seller Should Consider Having a Home Inspection

Selling home to an investor directly without having home inspected? There are a lot of essential factors which a home seller must keep in mind before selling their home. For having a profitable deal it is essential to get the home inspection service by experts.

A home inspection will help you to make relevant changes in your home, which will help you to sell a house to cash house buyer with a good deal. Home inspection experts will tell you how much to spend on which specific areas of home for attracting clients.

Here below are some of the most essential reasons which will give you information about the necessity of having a home inspected-

1. It will help you to save your money

Renovating a home is quite a daunting task and may require a large amount, but renovation will help you to save you in the long run.

If issues will be shown in the buyer’s inspection report then he will ask you to reduce the price.

Depending on the buyer’s willingness to negotiate and severity of issues, it may also sink the original offer amount.

2. Help you to sell your home faster

Having home inspection early will help you to get a profitable deal faster. If you proactively make repairs which are necessary then you will get safe from long negotiation process. Selling a house to cash buyer will help you to get safe from money which you have to pay to real estate agent for a long time.

3. Home inspection will give you a competitive edge

A pre-listing home inspection give a signal to potential buyers that you have completed the diligence on their future home.

By doing this, you can build a confidence between you and your buyer. They will become confident that you are an honest seller who is selling a house of good quality.

4. Fix the deal breakers

There are some of the most important areas of the home, which you must focus to repair. These repairing areas can either make or break your deal with a potential house buyer. Therefore, make sure to not forget to make repairs of these below mentioned home areas-

  • Foundation issues

  • Outdated electrical system

  • Mold

  • Water damage

  • Rotted fascia or trim

  • Roof problems

  • Leaky pipes/dated plumbing

5. What should you do if you won’t be able to fix the major problems?

If you cannot afford to make major improvements, you can still spruce up the house before you list it by-

  • Install decorative arbor or sconce lighting or on the street-facing garage doors.

  • Power wash the vinyl siding, driveway, the front walkway, patio furniture, and deck mildew.

  • You can also repaint your house and maintain your garden area which will help you to attract potential buyers before investing too much.

Having an inspection for your home will give you a better chance for a fast and easy close. Making repairs by your own without taking advice from a home inspector will not help you in selling home to investor as soon as possible.

Home Repair and Upgrades that Improve your “For Sale By Owner” Home Value

You can’t sell a house in “as is” condition. Some Home Repair and Upgrades pay off at a much better rate. It makes sense to start with the outside of your home since that is what potential buyers will notice first. Shoot for nice landscaping, a freshly cleaned exterior, a driveway and walking path good repair, a well-lit porch, and an eye-catching front. home repair

If you are selling a house to the cash buyer, keep it well maintained and repair necessary things. Make a list of all of the repairs your home needs, from the tiny (change a light bulb) to the major (new roof) before deciding what to get done. The fact is that the cost of most repairs and upgrades will not be recouped in the sale price, so focus on taking care of the minor repairs and tackle bigger projects only if you feel your must.

Paint is one of the low cost, easiest ways to update the look of your home. And you don’t need to hire a professional painter to make this work for you, just hire a cheaply available man for the job and pick your colors.

Brighter colors are preferred when selling because they tend to appeal to most people. Eventually, helps you attract more buyers for your home. You never know who will walk through the door to buy the house, so it makes complete sense to maintain the house. You don’t have to paint every room, just those that certainly need it. Rooms with dark paint chipped, or dirty paint is the ones that will serve better.

If you have wallpaper, then it is always a good idea to remove it to sell your home for the money. Wallpaper dates a home. Buyers have a hard time selling past wallpaper. Some sellers assume a buyer should just be able to “look past it.” They will say to their agent we will give the buyer an allowance to remove the wallpaper. It is a mistake as it defeats the purpose. Getting rid of wallpaper is all about first impressions and making a home more appealing to a buyer. Removing the wallpaper is what puts more money in a sellers pocket.

Take good care of the exterior as it is the first thing buyers will see, so start with replacing missing fence boards, add grass if the yard is looking the worse for wear, and clean up any trash that may have stored in the yard or on the outside of any storage shelters. Make sure the grass properly mowed and that plants are taken care of before someone comes to view the home. You can also plant some beautiful flowers in the yard to make the place feel delightful.

We live with our family and loved ones at home, and a home is supposed to be perfect. We buy houses by considering the fact whether it is suitable for our family and us.

Make sure mosses growing on the roof, and problems with the siding are properly taken care because these are the things that buyers will notice. Try to get all these things repaired now, so you don’t have to answer questions about it later.

Sell your house for more money with help of owner financing  Owner Financing

When a property buyer finance a purchase directly through the entity or person selling it is known as owner financing. This particular situation occurs when a prospective buyer is unable to pay prevailing market interest.

With the help of owner financing, you can prevent losing your home to foreclosure and get out from under your mortgage. Owner financing also works great for those who simply want to sell their home in the slow market. There are a lot of specifics involved in the process such as agreeing to the terms of the loan, drawing up the papers, finding a right buyer, and more.

While selling your home with help of owner financing, you can make extra money from the process and save your home from foreclosure. Some of the most essential steps which you need to keep in mind before selling your home faster and for money using owner financing are-

Purchase Price

First of all, determine at what price rate you want to sell your home. Always make sure to decide a purchase price of your home by checking other homes for sale price rates in your neighborhood. Here is home rent vs own home ratio and median home value in Minnesota

Even though you are at a risk of losing your home, that does not mean you should end up taking a lower amount than what a home is worth. Set a genuine market price which will help you to get profit from the deal.

Verify documents

When you have your potential buyers, ask them to show their documents. As you don’t want to let someone into your house who will not manage owner financing responsibilities for your house. Therefore, validating documents is really important. You can ask them to show their employment details, references, assets, a credit check, and financial claims. Once you have all these information, next you need to verify that mentioned information by a potential buyer is correct or not. For verifying and validating documents of a buyer, you can also take help from professionals who will do this work for you.

Down payment

Down payments are essential when dealing with seller financing. A traditional bank needs a buyer to put a certain percentage down. Generally, home buyers put ten to thirty percent down on the home. Down payment by a potential buyer makes sure that you get what you need to prevent defaulting on your mortgage. It is important to note that a mortgage must not be less than five percent of the total purchase price of the home.

Monthly payments

Decide a monthly payment amount which will be fair for you as well as your buyer. Make sure to not take less than what your monthly payment which you give to the bank. For making the whole process worth it for you, you need to be sure that you will get a little something for yourself as well.

Protect yourself

When you are preparing a contract for a buyer, make sure they are clear with all terms and conditions you are mentioning in it. Do your paperwork quickly and efficiently.

In order to successfully sell your house, you need to have all legal documents. These documents are meant to protect a seller, a buyer as well as a real estate agent from any kind of future complications. You can also take help from professionals for selling your home with a profit. The professionals help both buyers and sellers to properly understand technical requirement and regulations for selling a home.

If you don’t want to involve in the hassle of home selling, You can sell it to Homestead Road. Condition of your home doesn’t matter. We buy houses in any condition for cash.

Should I Fix up My House or Sell it As Is? Should I Fix up My House or Sell it As Is

Confused whether to fix up your house before putting on sale or sell it as is? Well, this particular question is one of those questions where the answer totally depends on some of the most essential factors such as real estate market condition, competing for inventory, as well as the probability of return on the investment.

It has been noted that there are home sellers who don’t have money and time for repairing. There are also those who make small repairs and do small renovations to their property for increasing its value and earning more. So, if you want to sell your house fast and earn profit then go through these below mentioned tips-

  • Usually, sellers invest too much money in repairing of the home for sale that some of the repairs are not even noticeable by a buyer and not even they pay extra for it. Always take advice from an experienced and certified agent before making any kind of repair. Make sure to repair your home in such a way that it will encourage house buyers to invest in your home only without spending any extra amount on it which is not required.

  • You can plan to make a visit with your agent at different available homes for sales and make changes according to it. Note the amenities and conditions of those homes and compare those from yours. For example, if most of the homes which you visited have upgraded and properly managed kitchen as compared to your kitchen then focus on repairing of your kitchen and make it look attractive, manageable and clean. It is important to note that by remodeling kitchen it does not mean that you need to buy expensive designer appliances and tear all cabinets and add a new one. Always try to focus on minor changes and go for major changes only if required.

  • A smart seller will always compare the cost of the home’s market value against the cost of proposed improvements. Here you can learn how to estimate total rehab cost. Always make sure to make improvements in your house which will return the investment with a good profit. Before you make a decision to install skylights in the master suite and lift the roof, make yourself aware of the fact that baths and kitchen repairing can give the highest return as compared to making other unnecessary changes.

  • You need to make a list of each and everything properly which is broken or defective. If buyers will spot malfunctioning systems or spot any problem they will not going to invest or pay as much money you want. Some of the most common and essential changes which you always need to focus on before selling your home are fixing of all HVAC systems and broken appliances, repairing cracks and patch holes on ceilings and walls, repairing leaky faucets, replacing stained or worn carpeting, repainting dark walls with neutral paint, changing all outdated ceiling fans and light fixtures, replacing the roof and broken window glass and fixing code violations.

  • If your house which you want to sell is located at the location which is in demand and highly valuable then it will be easier for you to sell it by making minor changes. Home location also matters when you want to sell your house.

5 Looks Your Home Buyers Will Hate and the Ways to Improve them  

ubhappy home buyers

So you have planned to sell your house and you must be looking to get the top market price for that. And if it is in your budget, you must also be thinking to do the necessary repairs and renovations to make it more attractive and valuable. No doubt the idea is good as it would let you increase your house value by a great price but you need to have enough time for updating your house. Doing things incorrectly in hurry will not only turn the potential buyers but will also not let you get the value for the money you would have spent.

Another thing that you need to consider while selling your house at a good price is what the buyers look for and what they are going to reject directly. As you may have read many articles for what the buyers prefer while buying a home, here we are going to educate about the things that buyers will hate about your house. You need to avoid all these things in order to attract more buyers for your house.

  1. Looks similar to haunted house

    Undoubtedly, the outer area, the yard of your house is the first thing that a viewer will see. If the yard reveals the looks of a haunted house or it seems that Adam’s family owns it, the buyers are not going to enter your property.

    So, make sure that the yard looks good, is well-groomed with the seasonal trees, shrubs and flowers that not only adds to the curb appeal of your house but also infatuate the viewers to enter your property.

  2. Ceilings with popcorn finishing

    The housing trends and the preferences of the buyers keep on changing; now, the popcorn ceilings have become a thing of past. It not only accumulates the dust and dirt but also makes the cleaning process difficult. That’s why most of the home buyers don’t prefer it.

    The simple solution for this is removing the popcorn, repairing it with joint compound and then repainting it.

  3. Clutter and no free space

    More spacious your home is, more buyers it will attract. In contrast, a sigh of clutter will turn the buyers away. Normally, the things in the house are organized improperly that there is no or a less free space. As the buyers look for the spacious homes, they are going to reject yours.

    Decluttering requires fewer efforts as compared to the other repairs related to your house. You just need to remove the items you don’t use anymore, organize the remaining ones in the perfect order that will empty the space.

  4. Paint and decors of your choice

    Everyone has his own choice; if you have painted your house exteriors and interiors as per your choice, consider replacing it with the neutral ones. Though it is OK to show the buyers your choice, the bright colors can cause irritation to the buyers who are fond of light shades. Also, it would not let them imagine themselves in the house.

    So, repaint your house using a neutral color and replace all the personal decors with the neutral ones. It will let the viewers imagine it as their own house.

  5. A floor full of carpets

    Carpets are no longer remained the top choice; instead, people prefer the wooden floors, marble and the tiles because they not only look good but also are easy to clean. But still, there are the people who like carpets. If you are having carpets in your home, make sure they look good, are thoroughly cleaned and are free of the bad odors.

It’s not about you when you are selling your house; at that time it is all about the buyers as they are going to live there. So, if you are thinking to make repairs, make them as per the buyers’ preference. The above-given tips will help you make repairs the right way and attract maximum buyers to your house.

Still if you haven’t time to fix your house and you want to sell fast, selling a house as is best option to save your valuable time. At Homestead Road we buy houses in any condition for top market price.

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