Category Archives: Tips

Being a homeowner allows you to tailor your space to your personal style while also taking on the role of caretaker for your property. While these responsibilities for upkeep and repair might seem minor in the grand scheme of things, they are crucial if you’re thinking about selling your home. In fact, your commitment to maintenance can be a key selling point if you decide to list your property under Minneapolis homes for Sale by owner, also known as FSBO.

Choosing the FSBO route allows you to manage the sale yourself, thereby saving on real estate agent commission fees. It’s a practical option, but before diving in, it’s essential to understand several key aspects that can make your property more appealing to prospective buyers.

Address repairs and upgrades

Start by walking through your home to identify any areas that need fixing or upgrading. Make it a point to tackle these repairs promptly and in a phased manner. When contemplating upgrades, prioritize projects that offer a high return on investment, such as renovating kitchens and bathrooms. However, don’t overlook smaller, budget-friendly DIY improvements; they can make a significant difference when you list your Minneapolis property under homes for sale by owner.

Assess your home’s value.

An appraisal can provide you with a precise estimate of your home’s market value, enabling you to set a competitive yet realistic price. An appropriately priced home is more likely to attract serious buyers.

Listing your property online

Once your home is in tip-top condition, it’s time to showcase it to a broader audience. Listing it online, particularly on multiple listing services (MLS), is a must-do. If you’re looking to streamline this process, consider hiring a service like Real Estate Corners, which offers an FSBO package that includes an MLS listing.

By following these guidelines and utilizing available resources, you’ll be well-positioned to make the most of your FSBO experience in Minneapolis. It’s an empowering and cost-effective way to take control of your home sale from start to finish.

Are you prepared to join the Minneapolis homes for sale by owner market? Our team at Real Estate Corners is ready to assist. Our FSBO package is affordably priced at just $299, providing you with the opportunity to upload up to 24 photos, list your property on the MLS for six months, and receive both email and phone leads from potential buyers.

Are you looking into homes for sale by the owner in MN? Buying one can be convenient if you want to skip the commission fees of real estate agents. However, some factors require careful consideration before you buy an FSBO (for sale by owner) home:

The benefits of buying an FSBO home

Buying an FSBO home means you don’t have to pay the 3% commission fee to an agent representing the seller. This means the seller can sell their house for less and welcome negotiations. Plus, you get to communicate directly with the homeowner instead of an intermediary, so you can get more details about the house.

The disadvantages of buying an FSBO home

When buying a home for sale by the owner in MN, note that many properties might not be listed at the right price. That’s because the owners likely didn’t do a comparative market analysis or lacked the resources available only to licensed real estate agents. Moreover, some homeowners find it difficult to navigate the necessary paperwork by themselves. Since they’re doing all the work, you might have to wait longer for them to settle before you can finalize and close the sale.

Get a professional inspection.

A seller might choose not to disclose all relevant information about their property, including the need for repairs and existing problems. So it’s best to request a professional appraisal or inspection before buying a home for sale by owner in MN. Additionally, a real estate attorney can help with the legal paperwork involved in the transaction.

Request the CLUE

Ask the seller to get and pay for the Comprehensive Loss Underwriting Exchange (CLUE) document. It details the 7-year history of the losses on their property reported as insurance claims.

Do your homework

Buying an FSBO home means you will do everything yourself, too, such as researching the property and asking important questions to the owner. Don’t forget to create a purchase contract and determine your offer.

Need help?

At Real Estate Corners, we make it easier for buyers to find and purchase a home for sale by owner in MN. As licensed real estate brokers, we are qualified to represent you and help you save money and time when buying a home. Contact us now!

When you decide to sell your property on your own, without the assistance of a real estate agent, you’re choosing the for sale by owner approach in MN. While this method has its benefits (such as avoiding agent commission fees), it also presents unique challenges. If not properly addressed, these challenges could make the process more time-consuming and costly than you initially expected.

To help you decide if the FSBO route is suitable for you, let’s delve into the advantages and disadvantages of this selling method.

Advantages of selling your home via FSBO

• Lower commission fees – The most apparent benefit of going the FSBO route is the potential for cost savings. You can bypass the listing agent’s commission fees, which are generally around 5-6% of the sale price. While you’ll still need to pay the buyer’s agent their commission, you won’t have to worry about additional fees from the listing agent.
• Total control over the sale – By selling your property using the for sale by owner approach in MN, you maintain complete control over the entire process. From setting the listing price to choosing the buyer and handling marketing strategies, every decision is yours to make.
• Personal connection with buyers – As the current homeowner, you have valuable insights into what makes your home and neighborhood special. This knowledge can be instrumental in presenting your property in the best light, enabling you to connect more effectively with potential buyers.

Disadvantages of FSBO

• Pricing challenges – Without a real estate agent’s guidance, determining the right price for your home becomes your responsibility. Incorrectly pricing your property (either too high or too low) could deter potential buyers or leave money on the table.
• Limited access to resources – Key resources like the Multiple Listing Service (MLS) are generally available only through real estate agents. When you opt for the for-sale-by-owner approach in MN, you miss out on this expansive platform, which also syndicates listings to various other real estate websites.
• Subjectivity and potential biases – Emotional attachment might cloud your judgment when you sell your own home. What you see as a selling point, a buyer might view as a drawback. This gap in perspectives can sometimes lead to disagreements and lost sales opportunities.

Ease your FSBO journey.

Navigating the FSBO process doesn’t have to be daunting. With our FSBO package at Real Estate Corners, you’ll get MLS listings for a flat fee, along with other resources to help you manage marketing and engage with potential buyers. To find out more, call us at (612) 483-1230 today.

The slowing housing market and rising mortgage rates shouldn’t stop you from selling your home now. Whether moving away or thinking of buying another home, you can sell your property in Minneapolis using the homes for sale by owner approach. Also known as FSBO (for sale by owner), it means selling the house without a real estate agent to avoid paying hefty commission fees. There’s the chance to sell faster and at a competitive price, too.

It might sound challenging to sell your home by yourself, but following these 7 steps could make it much easier:

1. Get a listing agent

An FSBO service will list your home on the local Multiple Listing Service (MLS) to get it noticed by more buyers and real estate agents. When your listing is on the MLS, it will also show up on other public real estate websites such as Realtor.com. Only licensed real estate agents can use the MLS, so hiring a listing agent can be a good investment.

2. Sign up for an FSBO package

Some realty companies in Minneapolis offer homes for sale by owner packages that start at competitive prices. Besides listing your home on the MLS, they will provide the required state disclosures, create ads, and show your home to potential buyers online. Just be sure it has no hidden fees, and you’re allowed to cancel at any time at no extra cost.

3. Determine the best price for your home

Aim for a competitive price to succeed in the sale. To do this, check the recently sold and currently active listings similar to yours in your neighborhood. Consider hiking the price up to 10% more when the market favors sellers. Otherwise, choose a slightly lower price in a buyer’s market to beat the competition.

4. Invest in professional photography

Professional real estate photographers can show your home in a more flattering way through pictures. Just remember to depersonalize and declutter the house before taking pictures, and take steps to improve your property’s curb appeal. Hiring a professional home stager could also help.

5. Organize showings

Schedule open houses and in-person showings and announce them online. You could also use online showing tools to simplify arrangements.

6. Compare, negotiate, and review offers

Take the time to compare offers and negotiate if you can. Also, consider if the buyer is buying your house with cash and is willing to negotiate closing costs or waive contingencies, such as the home appraisal.

7. Close the sale

A real estate attorney or title agent can work as a closing agent when selling your home in Minneapolis through the homes for sale by the owner. Don’t forget to pay your home selling taxes and the seller’s closing costs.

Need help with FSBO?

Real Estate Corners is a trusted team of real estate brokers in Minneapolis with homes for sale by owner services. We also offer an FSBO package starting at $299 to help eliminate the guesswork from the process. Contact us now!

Many homeowners hire a real estate agent for a stress-free way to sell their house. However, FSBO with an MLS service in MN can be a great option to avoid paying commission fees. For sale by owner (FSBO) gives you more control of the selling process, including how you market or advertise your home in listings. With hard work and patience, you can sell your home successfully and save thousands of dollars.

There are things you can do to succeed in the FSBO approach. Below are a few tips to make for sale by owner work for you:

Ensure accurate pricing

Most buyers won’t be interested in your home if you price it too high, meaning the property will sit longer in the market. When that happens, other buyers will think something is wrong with the house, that’s why it’s still there. On the other hand, you could be on the losing end if you price it too low. So, ensure competitive and accurate pricing to draw interest. A professional appraiser can help with this, but you can also look for a home valuation tool online.

Find an FSBO service.

Getting listed in the Multiple Listing Service (MLS) is one of the challenges of FSBO. Why? Because only licensed real estate agents can use it. However, being on the MLS means your property will appear on other places, including Trulia.com, EdinaRealty.com, and Realtor.com. Signing up for an FSBO package with an MLS service in MN can help.

Assistance from a third party might defeat the purpose of FSBO since it’s about selling the house by yourself. However, it’s a way to save time and attract more potential buyers without paying hefty agent commission fees. Flat-fee MLS companies can post your listing with a one-time fee, making it worth the investment.

Looking for an FSBO service?

Here at Real Estate Corners, we offer a reliable and cost-effective FSBO package for MLS in MN. Our package starts at $299, without hidden fees. Our team will market your property for six months on the Multiple Listing Service and provide other benefits, but you can cancel at any time at no extra cost. Call us at (612) 483-1230 to get started!

Are you considering selling your home on your own to avoid the standard 6% commission that typically goes to real estate agents? Selling your home without an agent gives you more control over the process. But doing it all on your own means handling every single detail, including marketing, negotiation, and paperwork. If you’re looking for a middle ground, you might want to consider using a flat fee agent in MN.

Understanding the role of a flat fee agent

A flat fee agent helps you tackle crucial aspects of the home-selling process. One such aspect is listing your property on the Multiple Listing Service (MLS), a service accessible only by licensed real estate professionals. Flat fee agents specialize in bringing FSBO listings to Minnesota’s MLS, offering your property higher visibility among potential buyers. Unlike traditional real estate agents who work on commission, flat fee agents charge a fixed price for their services. Through the MLS, your property also gets listed on numerous other websites like Zillow.com, Realtor.com, Redfin.com, and Trulia.com, exponentially increasing its exposure.

Reasons to consider a flat fee realty service

Broaden your buyer pool:

Without an MLS listing, you might miss up to 90% of potential buyers. A flat fee agent in MN can solve this by enhancing your listing’s visibility, giving you the opportunity to price your home more competitively and potentially sell it faster.

Flexibility without long-term commitments

Traditional full-service real estate agents usually require you to enter into an agreement with specified terms and conditions. You’re essentially tied to them until your home sells or they choose to end the partnership. On the other hand, a flat fee agent offers the flexibility to walk away whenever you want, often without a termination fee. Companies like Real Estate Corners provide this flexibility, making it a low-risk option for you.

Experience the best with Real Estate Corners.

If you’re looking for the perfect flat fee agent in MN, look no further than Real Estate Corners. We offer an FSBO package starting at just $299 to help you navigate the home-selling process with confidence. To find out more about how we can assist you, leave us a message or call us at (612) 483-1230.

Purchasing a home for the first time can indeed be an exciting journey. However, it’s no secret that this process often comes imbued with a fair share of stress. Navigating the dynamic market of homes for sale by owner in MN, wading through complicated financial jargon, and making substantial decisions can feel overwhelming. Yet, the promise of owning your own home, a space truly yours, makes every step worth it.

At Real Estate Corners, we understand the nuances of the MN market and the unique struggles that first-time home buyers face. For over 20 years, we’ve been the trusted partner of residents in Minnesota, helping them navigate the complex landscape of homes for sale by owners in MN. Our team of licensed real estate professionals is equipped with unrivaled knowledge, systems, and processes that ensure a smooth and stress-free home-buying experience.

Choosing Real Estate Corners means opting for a local, knowledgeable, and committed partner in your home-buying journey. We’re not just any real estate company—we’re a locally operated firm that understands the unique dynamics of the homes for sale by owner in MN. Our team is accessible 7 days a week, ready to answer any questions and guide you toward the best decision for your real estate needs. More than just saving you stress, we’re also committed to saving you money.

Explore our Rebate program and save thousands of dollars on your next home purchase!

Our rebate program is designed to help you save money on your home purchase by giving you a percentage of the commission we earn when we sell your current home. The amount of your rebate will depend on the price of your home and the terms of our agreement.

In addition to saving money, you’ll also get the same great service from our team of experienced real estate agents. We’ll help you find the perfect home for your needs, negotiate the best possible price, and close the deal smoothly and efficiently.

So, if you’re thinking about buying a new home, don’t forget to check out our rebate program. You could save thousands of dollars!

If you’re a Minneapolis homeowner considering when to sell, remember that timing is key. Selling your home involves more than just setting a price and showcasing its attractive features. The timing of your Minneapolis home sale can affect not only how quickly it sells but also the potential profit. Knowing the optimal time to list is crucial, and staying informed about local real estate trends is a must. Consulting a realtor can also help you make a well-informed decision. Understanding these factors can open the path to a smooth and successful selling experience.

Timing for maximum returns

If your primary objective for your Minneapolis homes for sale by owner is to maximize profits, consider the months of March, May, June, and September. These months typically hold promise for higher returns, with some studies suggesting that a September sale, after listing in June, can potentially yield about 7.55% more than the average annual house price.

Data from 2020 suggests that houses listed in March in Minneapolis were priced higher than those listed in December. May is also seen as a lucrative month to sell, as houses tend to sell for about $30,089 more than the annual average. Conversely, January is often regarded as the least favorable month to sell, with estimated sales prices generally 9.47% lower than the yearly average.

The ideal time for rapid sales

If the objective is to expedite the sale of your Minneapolis homes for sale by the owner, the optimal months to do so are May and July. One school of thought suggests that finalizing the sale in July can potentially lead to a swift transaction, up to 10 days quicker than usual. This implies that listing your property in April increases your chances of a speedy sale in July.

In contrast, others argue that May offers the most expedient sales opportunities in Minneapolis. Homes sold in the first half of May tend to close approximately 18 days sooner than at other times of the year. On average, houses sold in May remain on the market for around 29 days, which is 24 days less than the yearly average. Conversely, January is traditionally viewed as the least favorable month for swift sales, with homes typically remaining on the market for an average of 73 days, which is 17 days slower than the norm.

At Real Estate Corners, we understand that selling your home can be a complex process. We’re dedicated to simplifying this journey by offering expert insights and personalized guidance tailored to your specific needs. If you’re considering putting your Minneapolis homes for sale by owner, we’re here to help you navigate this crucial decision and make it a rewarding experience. Contact us today to make the most out of your home sale journey. We are eager to help you turn the key to your successful home sale.

When it comes to selling your property, opting for the For Sale By Owner (FSBO) route in the vibrant Minnesota real estate market can be a tempting way to avoid agent commissions. The thriving market—particularly the Minneapolis homes for sale by owner listings—showcases a plethora of opportunities.

However, it’s essential to approach FSBO with a realistic understanding of the challenges at hand. While it allows you to have full control over the selling process, it requires a significant commitment of time and effort. Moreover, statistics indicate that FSBO homes may sell for less than agent-listed properties, potentially undercutting the savings on commissions. Plus, the lengthier selling times and the higher likelihood of contract failures after an offer acceptance are aspects one should consider carefully.

Leverage the power of a flat-fee MLS listing service.

A flat-fee MLS listing service can be a game-changer, especially for Minneapolis homes for sale by owner. By tapping into this service, you pay a set fee to list your property on the Multiple Listing Service (MLS)—a database commonly used by real estate brokers to share information about properties with each other. This opens up your property to a wider audience, increasing its visibility to potential buyers. Additionally, it offers the benefits of professional representation without the hefty commission charges, which results in substantial savings.

At Real Estate Corners, we offer you the best of both worlds: the cost-effectiveness of selling your own home and the broad exposure of a Multiple Listing Service. Our outstanding flat fee MLS listing service in the Minneapolis region provides you the opportunity to spread your property’s presence across hundreds of public websites showcasing MLS listings.

We handle the complexities of getting your property listed on the database, a task that traditionally requires a licensed real estate agent. Thus, we not only save you significant agent commission fees but also ensure that your property reaches potential buyers effectively and efficiently.

Discover the ease and affordability of selling with Real Estate Corners today and let your Minneapolis home become the next standout listing in the Minneapolis homes for sale by owner market.

The process of selling a home often involves more complexities than one might initially imagine. It reaches beyond the simple act of advertising the property and patiently awaiting potential buyers. In fact, to expedite the sale of your property, a strategic approach is genuinely beneficial.

One such strategy involves partnering with an established flat fee agent in MN. These professionals efficiently list your property on the MLS (Multiple Listing Service)—a platform accessible exclusively to licensed Realtors. This nationwide database enables real estate brokers to identify properties suited to their client’s needs, consequently promoting your home to a broader network of agents and potential buyers nationwide.

Cost efficiency

Engaging a flat fee agent in MN can dramatically decrease your costs. Unlike traditional real estate agents who charge a percentage of the home’s selling price as commission, flat fee agents charge a pre-determined, fixed-rate irrespective of your property’s value. This approach can result in substantial savings, especially for higher-priced properties.

Expanded reach

Working with a flat fee agent in MN also expands the reach of your property listing. Traditional methods limit your exposure to local markets. However, flat fee agents utilize the MLS, which is a nationwide database accessible to licensed Realtors. By leveraging the power of the MLS, your property is exposed to a vast network of potential buyers well beyond your local sphere. This broadened visibility increases the chances of attracting interested buyers, accelerating the sale of your property.

Professional touch

Real Estate Corners provides not just a service but an experience characterized by professionalism and a thorough understanding of the real estate market. Our team of experienced professionals ensures that your property presentation stands out with high-quality photographs, compelling descriptions, and strategic pricing. We handle every step of the process with meticulous attention to detail, from listing your property to negotiating with buyers, thus ensuring a seamless and stress-free home-selling experience. Collaborating with Real Estate Corners means entrusting your property to an expert who understands the nuances of the market and is committed to achieving your real estate goals.

Take the first step towards selling your home with minimum hassle and maximum reach by contacting Real Estate Corners—your dedicated flat fee agent in MN.