Simplify your Real Estate Journey with Realestatecorners.com: The Ultimate MN Flat Fee MLS and For Sale by Owner Resource for Minneapolis
Navigating the real estate market as a home seller in Minneapolis can be overwhelming, with numerous factors to consider, such as pricing, marketing, and negotiating. The traditional process can be time-consuming and costly, which is why many sellers are looking for alternative solutions like For Sale by Owner MN services. This approach empowers homeowners to take control of their property sales while reducing expenses.
In this blog, we will explore how we simplify your real estate journey with our comprehensive MN Flat Fee MLS and For Sale by Owner MN resources at Realestatecorners.com, making the selling process more manageable and stress-free.
Have complete control with the help of a licensed professional
One of the key benefits of choosing our For Sale By Owner MN service is the ability to maintain complete control over your property sale while receiving support from a licensed professional. Starting at a flat rate of $299, our customizable package offers an array of marketing resources and optional services tailored to your specific needs. This unique approach ensures a smooth transaction, with expert guidance and strong negotiation skills at your disposal, helping you secure the best deal for your home in a timely manner.
Save yourself from thousands of dollars and stress:
Opting for our For Sale By Owner service not only saves you thousands of dollars in traditional real estate fees but also significantly reduces the stress associated with selling a property. Our cost-effective packages and optional services are designed to cater to your specific needs, providing you with expert guidance throughout the process without breaking the bank. This approach allows you to focus on achieving the best outcome for your home sale while enjoying peace of mind and savings.
Take the first step towards a simplified and cost-effective real estate journey with our For Sale By Owner services. Contact our team of licensed professionals at Realestatecorners.com today to get started on achieving the best outcome for your home sale.
HOW TO: List My Home on MLS Minneapolis MN (and Why You Should Work with a Flat Fee Broker)
You may have seen friends selling their homes online and maybe even heard horror stories about being scammed by shady brokers or paying too much for real estate agent’s fees.
But don’t be discouraged!
With some know-how, listing your home doesn’t have to be an intimidating experience full of fears and unknowns.
This blog post will walk you through the steps of listing your home on the MLS in Minneapolis and explain why working with a flat fee broker can help ensure a smooth and successful transaction.
Here’s a step-by-step on how to list my home on MLS Minneapolis MN.
Step 1: Gather the Necessary Documents
Before you begin, ensure you have all the necessary documents.
These documents will include information about your property, such as:
- Address
- Square footage
- Age
- Number of bedrooms and bathrooms
Additionally, remember to gather any documents related to repairs or upgrades made to the property over time.
These documents include the following:
- Recent tax returns
- Proof of ownership
- Deed records
- Inspection reports
- Any other documents that might be useful during the home-selling process
This information will be helpful when creating a detailed description of your home for MLS.
Step 2: Research and Understand Market Trends in Minneapolis
Research is another essential step before listing your home on an MLS site.
Researching recent sales prices for similar homes in your area will give you an idea of what price point would be appropriate for your listing. Consider any neighborhood amenities or features that make your property unique and set it apart from other listings in the area.
It’s also essential to stay up to date with local news regarding job growth or infrastructure developments in Minneapolis that might affect the housing market. These could potentially impact the value of your property as well.
Consider hiring a real estate agent or consultant to provide further insight into Minneapolis’s current market conditions and trends.
Step 3: Take Professional Photos or Videos of Your Home
Pictures are worth a thousand words, especially when selling a property.
High-quality photos or videos offer potential buyers an accurate representation of what they should expect from viewing your home in person.
If possible, hire a professional photographer or videographer who knows how to highlight all the best features of each room within your house – this will give buyers an accurate first impression before they even step inside!
Step 4: Create a Detailed Description Highlighting All Property Features
When creating a description for your property, think about how you would like someone else to describe it if they were selling it instead of you.
Include detailed information about square footage, room measurements, and significant updates or upgrades.
Provide clear descriptions for each room, outdoor spaces, and other notable features such as pools or landscaping elements so buyers can get an idea of what they are purchasing without having seen it in person yet!
Step 5: Decide on an Asking Price for Your Property
Before submitting relevant information to MLS, decide on an asking price based on research conducted earlier regarding similar properties sold recently in Minneapolis.
When determining a fair price point, consider factors such as:
- Location
- Overall condition
- Age of the structure
- Size
Again, consulting with an experienced real estate agent may help with this process since they have experience pricing homes correctly according to current market conditions!
Step 6: Submit Relevant Information to MLS Minneapolis
Once you have gathered all the necessary documents and decided on an asking price, it’s time to submit relevant information to MLS so potential buyers can find it online.
Doing this will open new opportunities for potential buyers across multiple platforms, including real estate websites such as Zillow or Trulia, and through listings on social media sites like Facebook Marketplace or Instagram Reels Ads.
Sounds Hard? Work With a Flat Fee Broker
These steps may sound tedious for a property owner, and in many cases, they are. That’s why it may be worth considering a flat fee broker to help you list your property on MLS and make the process much easier.
Here’s how they can help.
Save Money on Commission Costs
When selling your home, you want to get the best possible return on your investment. Luckily, that’s what you get when you work with a flat fee broker in Minneapolis.
Unlike traditional real estate agents who charge hefty commissions (typically five to six percent of the total sale price), flat fee brokers only charge a one-time fee — usually around $500 or less — for their services. This means you save money while still getting all the benefits of working with an experienced real estate agent.
Personalized Service and Guidance
Another great benefit of using a flat fee brokerage is that they provide personalized service and guidance throughout your home-selling process. These brokers have experience finding buyers for homes like yours, and they also understand the local market conditions and how to list my home on MLS Minneapolis MN.
This means they are uniquely qualified to help you find potential buyers quickly and get top dollar for your home.
Professional Assistance with MLS Listings
Lastly, when you use a flat fee broker to list your house on MLS, you’ll get professional assistance to ensure your listing looks its best.
Flat fee brokers will review all photos, descriptions, and other details before submitting them to ensure accuracy and quality.
Plus, since many potential buyers search for homes through MLS sites like Zillow or Realtor.com first, this extra step can help ensure your listing stands out from the competition!
List Your Home on MLS Minneapolis MN Today
There you have it: the ultimate guide to listing your Minneapolis home on MLS sites.
It may seem like a complicated and intimidating process, but with the proper guidance and preparation, you’ll be able to take the task by storm.
Remember, if you want help listing your home on MLS sites in Minneapolis, look no further than Real Estate Corners. Our high-quality flat fee brokerage services are second to none, and we are committed to helping you achieve your real estate goals.
Contact Real Estate Corners today. We’ve got your corner covered!
The Most Common Pitfalls of For Sale by Owner and How to Avoid Them
For Sale by Owner (FSBO) is a popular method of selling properties. Many people use this approach if they don’t want to lose capital gains by having to pay a real estate agent. In some cases, it’s more advantageous in hot markets or in-demand neighborhoods.
Still, FSBO is not as easy as it sounds. Selling a property in Minneapolis, MN and other areas takes a lot of effort. There are also plenty of pitfalls that can result in an unsuccessful sale. Thankfully, Real Estate Corners has shared tips to help you out. Keep reading to learn more about what to avoid during FSBO.
Forgo Working with Professionals Altogether
So, you’ve chosen not to work with a real estate agent. That’s perfectly acceptable, but you shouldn’t go without any kind of professional help altogether. A lot is happening in these transactions, and you will need help from experts. There are two types that are essential in selling a home.
- Real Estate Attorney: Unless you’re confident about your legal knowledge and the real estate selling process, then, don’t hire an attorney. But most of the population won’t be, and there are a lot of legal proceedings in selling a house. It’s better to have one at your side for matters like escrow and purchase agreements.
- Property Inspector: These professionals assess the state of your property, checking for issues with safety, structure, and other areas. They can help you prepare a report and identify problems you need to fix before marketing the property. In addition, an inspected property is more appealing to home buyers than one that isn’t.
Getting Too Attached and Emotional
This is a common unaddressed pitfall, especially for first-time home sellers. It’s understandable that many of us are attached to our homes, but this emotion can hinder your sale. Many might not want to do any staging to preserve the look of their interior. Some might turn down good offers early on because saying goodbye so soon is difficult.
What you need to do is see the sale as a business transaction because that’s what it is. This perspective will allow you to be more objective about your decisions.
Setting an Unrealistic Property Price
As a rule of thumb, overpriced homes don’t sell, so make sure that you perform a comparative market analysis to see the average value of homes in your vicinity. You can use this as a frame of reference for your property. In addition, don’t be afraid to undersell. This can attract more home buyers, giving you more opportunities to negotiate a higher price.
Expecting to Settle with the Asking Price
In connection with the point above, you should always expect home buyers to negotiate. It’s their right, after all. There may be some that won’t, but those are rare cases. Because of this fact, don’t go out there expecting that the asking price will be the same as the final selling price. What you can do instead is assign an asking price that gives you more room to negotiate.
Not Considering Security
Selling a property usually means letting strangers into your home during an open house. While most of them will behave professionally, you can’t be sure that all of them will. Some might have ulterior motives like stealing items during the tour so make sure to secure valuable items like jewelry, medications, and electronics when offering house tours.
Concealing Major Issues
You can’t sweep big problems under the rug. Not only is this a deceitful practice, but the issues will eventually be found by the home buyer. They will usually request another home inspection as part of the purchase agreement, and the inspector will spot the problem. What you can do is address the issues ahead of time, or let the prospective buyers know from the get-go.
Forgetting to Stage Your Home for Prospective Buyers
Staging is the process of beautifying your home for tours and visual media for marketing. This is one way to attract more buyers and highlight the best features of your property. Failing to do this can turn off buyers, especially when the property looks too “lived in.” So, browse interior design sites, read Feng Shui articles, and learn all you can about staging your property.
Not Marketing the Property Properly
Marketing your property is a guaranteed way to increase reach and visibility, which then quickens the home selling process. Statistically, you’re more likely to sell faster by having your property added to the Multiple Listing Service (MLS). So, make sure to use digital channels as well as traditional marketing tactics. Use posters, hold open houses, and enlist a limited-service or flat-fee agent who can list your property on the MLS.
Not Performing Due Diligence
These days, verbal agreements are all but binding. So, in a major transaction like selling a home, you must perform due diligence. This means making sure that every real estate-related document is scrutinized, validated, or reviewed. This includes purchase agreements, inspections, and titles.
Selling to Unqualified Home Buyers
One of the biggest pitfalls you can get trapped into is selling your home to an unqualified buyer — one that doesn’t have the capabilities to finance the transaction. So, make sure to ask for a pre-approval letter from their mortgage lender. If you’re working with a cash buyer, you can ask for proof of funds.
There’s also the matter of buyers who are dependent on the sale of their previous home to fund their purchase of your house. Be careful around these since it might be difficult to reach your target closing date if they’re unable to sell their property on time.
Final Thoughts
FSBO is possible, and it’s a great way to maximize your profits. However, you might feel discouraged because of the many pitfalls you could face. Follow our tips above to help you navigate a real estate transaction successfully.
If you instead want to work with a real estate agent but dislike paying commission, partner with a flat fee agent instead! Contact Real Estate Corner today to learn more.
Sources:
https://www.goldenstatehomeinspections.com/ideal-advantages-of-seller-home-inspections
https://www.washingtonpost.com/realestate/remember-home-buyers-you-have-the-right-to-negotiate-everything/2012/06/14/gJQAO4fLdV_story.html
https://realtyna.com/blog/what-advantages-using-multiple-listings-service-mls/
https://www.investopedia.com/articles/mortgages-real-estate/08/home-seller-mistakes-selling-house.asp
https://www.sparefoot.com/self-storage/blog/22683-avoid-these-nine-for-sale-by-owner-mistakes-when-you-sell-your-home/
How To List My Home on MLS To Sell Quickly
Are you looking to list your home on MLS to sell it quickly?
Whether you’re a first-time property owner or an experienced real estate investor, utilizing an MLS can be a great tool to speed up the listing and, eventually, the sale process.
Here, we’ll provide helpful tips for everyone from rookie property owners to well-seasoned investors. We’ll help you use this often-overlooked marketing tool that, when utilized correctly, can maximize profits while reducing market time on properties listed!
Let’s start this journey together.
Read our blog post for more information about using an MLS to sell your home quickly and maximize your return.
Price the Home Correctly
Picking a great price when listing your home on MLS is more complex than it looks, but fortunately, there’s a simple formula to help.
Before setting your price, check out what similar properties have sold for in the recent past –– this should give you an idea of what your home could fetch in the market.
You can then make necessary adjustments based on certain unique features of your property, like its size and age, giving it an edge over other listings.
If the price is too high, you could wait a long time, or worse — no one will buy it. On the other hand, if you price too low, you could miss out on potential profits.
It’s best to find the right balance of pricing that matches your home’s value and will attract potential buyers.
If you want your pad to be seen by the right people in the housing market, do your research and make sure you’re pricing it right!
Showcase Your Home’s Best Features
An MLS provides one advantage: you can share your home’s unique features and benefits, from updated appliances and fresh paint colors to neighborhood amenities and landscaping.
This gives buyers complete insight into what they are possibly investing in, which could prove incredibly influential in their decision.
On top of that, as a seller, you want to draw as much attention as possible with your listing –– make sure it stands out! After all, who wouldn’t appreciate seeing beautiful photos paired with captivating descriptions? Take advantage of this chance to showcase what sets your property apart.
Use Professional, High-quality Photos and Virtual Tours
It is possible to make your home more attractive to potential buyers without them even stepping inside.
Professional photography and virtual tours can make a difference in helping a sale go as quickly and smoothly as possible.
From the perfect angles for each room to styling the space with inviting decor items, getting the visual aspect right can be the ace in the hole that helps you close that dream deal.
Not only will these tools turn heads online, but they can also provide potential buyers with all the info they need to make up their minds –– no physical viewings required!
Leverage Online Resources and social media
Every home need that perfects audience to find it, and the internet is the best place to connect with them.
Social media platforms like Facebook, Twitter, and Instagram can effectively get the word out about your house’s MLS listing while offering fun, creative marketing opportunities.
Advertising campaigns are also available to target specific interests or demographics — you never know who could be searching for a permanent residence that looks just like yours!
Maybe you even have a celebrity buyer out there who is on the lookout for their dream home — make sure you’re using online resources like real estate websites to stay on top of all possibilities and maximize the exposure of your property.
Create Compelling Descriptions of Your Property
When creating a listing for your property on the MLS, make sure that you create compelling descriptions that accurately reflect your home’s features. Include details such as:
- Square footage
- Number of bedrooms and bathrooms
- Location
- Amenities
- Nearby schools and shops
Be sure to highlight any unique features of the house, such as a pool or outdoor living space, that could appeal to potential buyers.
Make sure your descriptions are concise yet informative, so prospective buyers can understand what makes your property special without being overwhelmed by too much detail.
Work With an Experienced Real Estate Agent
Finally, working with an experienced real estate agent can help ensure that your listing receives maximum exposure among prospective buyers.
Real estate agents have access to industry tools such as automated marketing systems, which allow them to send out mass emails about new listings or feature certain homes in specific areas where buyer activity exists.
An experienced real estate agent will also know how to market properties effectively and what price points are best suited for different types of homes so that you can get the most out of selling yours quickly.
Contact Real Estate Corners to List My Home on MLS Minneapolis MN
Selling a home on MLS isn’t as difficult as it may seem, and with the right tips, resources, and help from an experienced realtor –– you can make your property stand out from the rest!
With the added visibility of the MLS, potential buyers will be lining up to see the house. Not to mention the amount of money you could save by simply taking advantage of these cost-effective strategies for boosting visibility.
Don’t let your listing blend into the crowd –– get started by contacting Real Estate Corners to list your home on MLS in Minneapolis, MN! We offer exceptional services and tailor-made marketing plans to ensure your property’s potential reaches its peak.
This could make all the difference in turning casual observers into actual buyers and getting your property sold faster than ever before.
Contact us now and give yourself peace of mind knowing that you’re doing everything possible to ensure your listing stands out on MLS in Minneapolis, MN!
References
1. https://realestate.usnews.com/real-estate/slideshows/secrets-to-selling-your-home-faster
2. https://www.virtuance.com/blog/3-tips-to-sell-your-listing-faster/
3. https://www.bankrate.com/real-estate/how-to-sell-your-house/
4. https://realestatecorners.com/contact-us/
5. https://www.styldod.com/blog/5-effective-real-estate-listing-tips-to-sell-your-home-faster
6. https://www.ramseysolutions.com/real-estate/5-no-cost-tricks-to-sell-home-faster
7. https://www.houzeo.com/blog/tips-to-sell-your-home-fast-as-a-fsbo/
8. https://www.investopedia.com/articles/mortgages-real-estate/08/sell-down-market.asp
9. https://www.homelight.com/blog/sell-your-home-fast/
10. https://www.forbes.com/sites/allbusiness/2019/03/06/real-estate-agent-tips-sell-property-listing-in-buyers-market/?sh=6fddd1842735
11. https://www.styldod.com/blog/5-effective-real-estate-listing-tips-to-sell-your-home-faster
12. https://marketing.homes.com/5-tips-for-selling-listings-faster/
What Are Some of the Most Important Things I Should Know When Staging My Home Before I List My Home on the MLS?
Have you ever wondered how to list my home on MLS Minneapolis MN? Every first-time home seller in the city has considered this. In most cases, it’s the real estate agent who’ll handle the majority of the work, but one step where you can be as involved as you want is home staging. This is the part where you prepare your home to showcase its best qualities and impress buyers on the MLS.
What are the most important aspects of it? What things should you do to make your property appealing on its listing? We’ve shared some of the most essential considerations to have when staging your home. Keep reading to learn more.
What Is Staging?
The common idea about home staging is making the property beautiful to attract buyers, and that’s certainly true. However, this practice also serves other purposes. Home staging helps you:
- Turn awkward or weird areas into usable spaces
- Establish a mood or atmosphere
- Make the interiors and exterior photogenic for marketing purposes
- Hide flaws
- Give prospective buyers a chance to imagine themselves inside the home
Because of these advantages, home staging becomes a worth-it investment when selling your residential property. Before you hire a home staging company, here’s what you can do on your own.
1. Clean and Declutter
This should be a no-brainer, but it can be difficult to clean and declutter if you’re still occupying the property. Whether or not you’re still living in it, you can still do a lot to make things orderly and tidy. Start by cleaning every surface in the kitchen, bathrooms, bedrooms, and living room. You should also remove knickknacks, toys, hobby items, and other belongings that will only clutter your spaces. Move them to storage boxes and away from view.
2. Renovate the Kitchen and Bathroom
More than cleaning, kitchens and bathrooms usually need to be upgraded to make them more appealing. These places are exposed to humidity, smoke, and grime, making surfaces look old and used.
To increase the value of your home and make these spaces more enticing, a remodeling project may be necessary. This doesn’t have to be something extensive. Even a simple paint job can do wonders.
3. Consider Your Lighting
Making your home look warm and appealing involves a lot of good lighting. It’s what makes your interiors feel cozy yet bright and inviting. In general, you should take advantage of natural light as much as possible. For spaces that have small windows or no access to sunlight, use warm-colored bulbs. According to HGTV, you should aim for 100 watts for every 50 square feet for ambient light. Don’t forget to include accent and task lighting.
4. Add Storage, But Don’t Overdo
Once you’re done with the decluttering, you might find plenty of extra space in your rooms. You can use this to add extra storage and make your interiors feel more organized. Storage in key areas is also one of the most sought-after features by property buyers. To showcase this aspect of your property, you can include the following in your pictures:
- Closets and cabinets with minimal contents
- Shelves with minimal decorations
- Undershelf baskets, hanger racks, and shoe racks
5. Brighten with Light Colors
Unless the dark tones are part of a property’s overall appeal, refrain from using these colors during home staging. These absorb light and diminish your efforts in accentuating your spaces. That’s why light hues, neutrals, and pastels are the go-to colors for paint, furniture, and curtains. These colors also give a bright and inviting atmosphere that looks excellent in the MLS.
6. Change the Layout
Living in a home for many years means having a layout that you’re used to. However, what’s functional to you might not be appealing to most people. So, rework your room layouts based on what looks best, not what’s practical. That means focusing on balance, aesthetics, and mood instead of usefulness. If you’re not sure where to start, consult feng shui websites or interior design blogs.
7. Mind Your Exteriors
Don’t focus only on your interiors. You should also make improvements to your exteriors, like your front and backyard. These parts make the first impression during open houses, and home buyers will always look for them when browsing listings. Here are some things you can do to enhance curb appeal:
- Repair and paint fences, decks, and outdoor furniture.
- Get rid of weeds and mow the grass.
- Trim hedges, bushes, and trees.
- Add flowers and ornamental plants.
- Power wash windows, sidings, and pathways.
- Clean the pool, if you have one.
8. Depersonalize Spaces
It’s important for prospective buyers to imagine themselves living in the property. Having personal items visible in the photos will make this difficult. So, during home staging, make sure to depersonalize the spaces. Hide family photos, clothing, art pieces, personal bathroom items, toys, and other items that remind viewers of your presence.
9. Remove Signs of Pets
Some people are allergic to pet dander. Others just aren’t ready to have dogs or cats as part of their household. So, if you want to appeal to a larger audience, it’s better to remove signs of pets during home staging.
10. Add the Final Touches
Before taking the marketing photos to add to the MLS, you can include final touches to maximize the impact of your visual media. You can try:
- Adding a bouquet of fresh flowers on the living room table.
- Lighting a few candles.
- Placing plush towels on the bathroom counter.
- Turning on the lights.
- Touching up paint.
- Rearranging drapes and curtains.
Final Thoughts
Home staging is a guaranteed method to make your property more appealing to a wider audience. However, you don’t need to invest a lot in it for your marketing media or MLS listing. Follow the guide above to make the most impact with staging your home. For more tips and ideas on how to get your home ready for sale in the Minneapolis and surrounding areas, please Contact Real Estate Corners today.
Sources:
https://www.hgtv.com/lifestyle/real-estate/15-secrets-of-home-staging-pictures
https://www.homesandgardens.com/news/features-house-buyers-want
https://www.cnbc.com/2019/02/06/curb-appeal-is-key-to-selling-a-home-say-corcoran-conlon-and-torres.html
https://www.investopedia.com/articles/mortgages-real-estate/08/staging-home.asp
https://www.homesandgardens.com/advice/home-staging-tips
Best Practical Tips on How to Improve Your Credit Score before buying a House
Everybody has a dream home; it could be a single-family bungalow or an astounding five-story manor. Whatever vision you have in mind, preparing yourself and your finances to realize your dream is crucial.
One of the best things you can do today to work toward your goal is to improve your credit score. Having a good credit score is vital if you want to take a mortgage loan. However, boosting your credit score doesn’t just happen overnight. You must work on it for some time, but the benefits are worth it!
Here are some practical tips you can start doing today to boost your credit score and improve your chances of securing a mortgage loan.
Why Should You Improve Your Credit Score?
Taking out a huge mortgage loan when buying a home is common for most households in the nation. Unless you’re extremely well-off and can afford to pay for your dream home in cash, you should really take care of your credit score.
Lenders use your credit score to determine various things about your financial capabilities, such as:
- If you have any existing debts.
- If you can pay a loan on time.
- If you regularly take out loans.
These are some things lenders can find out about you through your credit score. A good credit score gives lenders the confidence that you can repay a loan on time.
If you think that having no credit history is a good thing, you’re wrong. Lenders have no data to draw their conclusions which could also hurt your chances of securing a loan.
Taking out loans is okay, so long as you know how to manage them. Paying off your loans on time makes you a more viable applicant for lenders when taking out a significant mortgage loan.
How Can You Boost Your Credit Score for a Mortgage?
Bringing your credit score up takes a lot of time and work. If you want to secure a mortgage, here are some steps you can start doing today to build an impressive credit score.
Clear Your Debt First
First things first, try to clear your debt. Regardless of how small it is, debt will always be a hindrance to your credit score. Prioritize paying off debt first before anything else.
If you have an enormous debt to clear, try to break them down into smaller payments. You can also speak with your creditor to make a realistic, manageable, and suitable payment arrangement for your financial situation.
Minimize Your Credit Card Use
If you’re trying to improve your credit score for a mortgage, then you should minimize your usage of credit cards. Excessive credit card use can lead to debt and hurt your score more than it can help.
Before using your credit card, make sure you can pay your balance on time every month. This will not only help you avoid debt, but it can also boost your credit score. The key to an excellent credit score is by using only what you can afford and paying your bills on time.
Dispute Any Credit Report Errors
Credit report discrepancies happen more than you think. To ensure that any errors don’t hamper your credit score, review your reports every time you get them and dispute any incorrect information immediately.
You should also keep track of your existing and paid debts on your credit report and keep receipts. You can use this to disprove a questionable credit report.
Refrain From Applying for New Credit
When scoring your credit, creditors include all your existing lines of credit. Applying for too many loans or opening multiple credit cards can lower your score as lenders view this as a sign of financial instability.
Remember that every time you apply for new credit, it will show on your report, making lenders wary about lending to you. Make sure that before you open a new credit line or request a limit increase it is critical for your financial health.
Never Miss Out on Bill Payments
Paying all your bills on time is essential to maintaining a great credit score. If you think you might miss out on payments, either set up automatic payments or contact your lender and decide to avoid late payment fees.
Late payments could stay on your credit report for seven years, which can significantly damage your score for an extended period.
How Long Does It Take to Improve Credit Scores?
As mentioned, improving your credit score might take some time. How long it takes for you to rebuild your credit score depends on how much debt you have and how far you are from your target score.
Most mortgage lenders require aspiring homeowners to have a credit score of 620 or better before they’re approved for a loan. If you have a severely low credit score, are just starting out, or have a considerable debt to pay, it might take you years to get to this score.
If you maintain an excellent credit score and remain debt-free, you can expect a significant increase in your credit score within months.
Start Building and Saving for Your Dream Home
Rebuilding your credit score is a huge undertaking and might take years to accomplish, depending on your goal and situation. The strategies we provide can help you improve your score and ultimately will help you get closer to your dream home.
If you have no credit history, this is an excellent time to start building your credit. Start with small purchases, pay them on time, and build from there.
If you’re ready to purchase a home in Minneapolis, our team at Real Estate Corners can help. Real Estate Corners is a premium and vetted flat fee Minneapolis, MN, real estate company.
We can help you find the home of your dreams, help you get pre-approved for a loan, and provide you with more tips to improve your credit score.
Contact us today, and let’s get started!
Sources:
- https://realestatecorners.com/about-us/
- https://www.cnbc.com/select/how-to-boost-credit-score-before-you-apply-to-mortgage/
- https://www.bankrate.com/real-estate/fix-credit-score-to-buy-house/
- https://www.mymove.com/mortgage/increase-credit-score/
- https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/improve-credit-score-for-mortgage/
- https://www.fastexpert.com/blog/fix-credit-fast-buy-house/
- https://www.bankrate.com/real-estate/flat-fee/
- https://www.rocketmortgage.com/learn/what-credit-score-is-needed-to-buy-a-house#:~:text=Your%20credit%20score%20is,rate%20you’ll%20qualify%20for
- https://assurancemortgage.com/important-credit-score-for-home-loan/
- https://www.mclainproperties.com/blog/why-credit-scores-are-important-when-buying-a-house
- https://www.cnbc.com/select/side-effects-of-bad-credit/
- https://www.nerdwallet.com/article/mortgages/whats-exact-credit-score-need-buy-home
- https://www.fortunebuilders.com/how-important-is-your-credit-score-in-real-estate/
6 Tips for Selling Your Home By Owner in Minneapolis, MN
If you’re like most people, your home is your biggest asset. And when it comes time to sell, you want to get the most money possible. But what if you don’t have the budget for a real estate agent? Or, if you want to save on commissions? Selling your home by owner, also known as FSBO (For Sale By Owner), is a great option.
However, selling by owner is not without its challenges. You’ll need to be extra diligent in marketing your home while navigating the legal complexities of selling real estate, such as disclosures and contracts. You’ll also need to be prepared to show your home at a moment’s notice.
With a little preparation, you can successfully sell your home while avoiding the risks and mistakes often made by first-time “for sale by owner” sellers. Here are a few tips from our real estate experts to help you through the process and ensure that your home sells quickly and for top dollar.
1. Understand Your Responsibilities as an FSBO Seller
The first step in successfully selling your home by owner is understanding the responsibilities that come with the territory. As an FSBO seller, you’ll be responsible for all aspects of the sale, including:
- The price of your home: You’ll need to do your own research to find out how much your home is worth. If you need assistance determining the value of your home, we recommend that you use our home value request form for an accurate home valuation.
- Making repairs and necessary updates: You’ll also be responsible for making any repairs or updates to your home before listing it for sale. This could include anything from painting the walls to repairing a leaky roof.
- Vetting and negotiating with buyers: All buyers who express interest in your home will need to be vetted. This includes everything from running a credit check to negotiating the final sale price.
- Choosing the right time to sell: The timing of your sale is important, especially if you’re selling in a buyer’s market. You’ll need to pay close attention to trends in the Minneapolis housing market to find the right time to list your home.
- Filling out necessary paperwork: There will be a lot of paperwork involved in selling your home. This includes things like the sales contract, disclosure forms, and lead paint disclosure forms. You’ll need to make sure that all the paperwork is filled out correctly and that both you and the buyer understand everything that’s in the contract.
2. Review Our Minneapolis FSBO Package
Our For Sale By Owner MLS Package Minneapolis MN, is a program that allows you to list your home on the MLS (Multiple Listing Service) without using a real estate agent. The package includes the following:
- Six months of marketing your property on MLS.
- Your home will be listed on national websites like Realtor.com, Zillow, and Trulia.
- Upload photos to show potential buyers what your home looks like.
- 24/7 access to edit or update your listings.
Additionally, we will forward our leads’ phone and email information directly to you so that you can contact them yourself. We also provide advice and support every step of the way. To view our complete FSBO package, please visit our website.
3. Hire a Real Estate Attorney
Although you’re not required to hire a real estate attorney when selling your home, it’s still a good idea to have one on hand to help with the legal aspects of the sale. A real estate attorney can help you:
- Understand and comply with your state’s real estate laws to ensure that the sale of your home is legal and binding.
- Navigate the often-confusing world of real estate contracts to make sure that you’re not signing away your rights or agreeing to something that’s not in your best interest.
- Prepare and review the sales contract.
- Handle the transfer of the title of your home from you to the buyer.
A real estate attorney can also provide you with valuable advice and guidance throughout the process of selling your home. If you don’t have a real estate attorney, you can ask your friends or family for recommendations, look for one online, or contact your local bar association.
An experienced agent also will be familiar with your local laws and regulations and can facilitate the transaction for you. We are at Real Estate Corners offer a facilitation service in Minnesota for a half percent of selling price with a max of $2,000, for more information, please contact us
4. Market Your Home Effectively
As a “for sale by owner” seller, you are responsible for marketing your home. This includes taking quality photos, writing compelling descriptions, and pricing your home correctly. You’ll want to create eye-catching listings with great photos and use social media and other online tools to reach as many potential buyers as possible. Also, place ads in local newspapers and make sure potential buyers know your home is for sale. Finally, make sure to market your home consistently to ensure it gets the attention it deserves.
There are a number of ways to market your home effectively, and you should explore all of your options to find what works best for you. With a little elbow grease and some creativity, you can successfully sell your home quickly and for a great price.
5. Find the Right Buyer
It’s important to find a buyer who is qualified to purchase your home. This means finding a buyer who has been pre-approved for a mortgage and is serious about buying a home, so you don’t waste your time with tire kickers. You should also make sure that the buyer is able to meet your asking price. Remember that you are in control of the sale, and you should only sell to a buyer who meets your criteria.
6. Be Prepared To Handle Closing and Move-Out Details
Once you have found a buyer who wants to purchase your home, you still need to handle the closing and move-out details. This includes dealing with paperwork, scheduling the closing date, and making sure everything is in order for the transfer of ownership.
At Real Estate Corners, our full-service realtor can assist you from initial consultation to post-closing. We will help you determine the value of your home, market your property, find a buyer, and handle all of the paperwork and details involved in the sale. This will allow you to relax and enjoy the process, knowing that everything is being taken care of by professionals.
Conclusion
FSBO selling is a daunting task, even under the best circumstances. By following these simple tips, you can successfully sell your home and save money in the process. Just remember to be patient, prepared, and flexible. If you think you need some help, consider hiring our real estate agent at Real Estate Corners. Our flat-fee realty service can help take the stress out of selling your home. Plus, our unique marketing approach can be tailored to fit your home and your needs. So, if you’re thinking about selling your home in Minneapolis, MN, contact us today! We’d be happy to help you through the process and answer any questions you may have.
Sources:
4 Advantages to Hiring a Flat-fee MLS Service in Minneapolis, MN
Are you thinking of selling your home in Minneapolis, MN? Selling your property in Minneapolis takes time, effort, and money. If you’re serious about closing a sale, you might need an experienced real estate agent manning all of your sales processes.
Unfortunately, an agent’s services will add to the costs of selling your home. Also, you’re leaving all of the control in the hands of the realtor. What if you wanted more control over the sale of your property and more savings? We have the answer for you — sell using an MLS listing service.
With an MLS listing service, “for sale by owner” homes in Minneapolis, MN, can be listed without the help of an agent. You’ll gain complete control of your home sale and save thousands of dollars on realtor commissions.
Now, you might be asking yourself the following questions:
- What’s an MLS listing service?
- Why should I list my home on an MLS in Minneapolis, MN?
We’ll answer these questions in detail. Read on to learn about what an MLS is and the four benefits of using one in Minneapolis, MN.
The Basics: What’s an MLS Listing Service?
Before we dive into the advantages of using an MLS listing service in Minneapolis, let’s talk about what an MLS listing service is.
MLS stands for “multiple listing services.” It’s a platform or service that enables you to list your property and its specifics on various listings like Trulia, Redfin, and Zillow.
Why is this useful? When you’re selling your home or property, you want it to be visible to various buyers and parties. The only way to improve your property’s visibility is by including it on real estate listings.
However, there’s a problem here. To get your home to show up on a listing, you need access to the listing platform. Unless you’re a real estate agent, you won’t have access to any listing platform.
If you’re selling your property “for sale by owner” (FSBO), you’ll need an agent’s services to assist with listings and other aspects of the sale process. If you hire an agent, the agent will charge you for services. Also, you’ll have to pay a commission if the agent sells your home, and this can amount to thousands of dollars.
This is where a flat-fee MLS listing service comes in. By using ours, you can benefit in four ways.
1. Savings
As mentioned earlier, selling your home in Minneapolis through an agent will cost you service fees and commission rates. Between these two fees, it’s the commission rate that costs a lot.
Most real estate agents will charge a commission rate of 5-7% of your home’s sale value. If an agent sells your home for $300,000 and charges a 6% commission, you can expect to pay $18,000 in commissions. As a result, you will have $282,000 left before other closure fees.
When you use an MLS listing service, you get to save more after the closure of a sale. By using our MLS listing service in Minneapolis, you don’t need an agent, so you don’t have to pay expensive commissions and realtor fees. You get to profit more from the closure of your home’s sale.
2. You Know What You’re Paying For
When you sell your home through a realtor, you’ll receive a list of fees and commissions you must pay throughout the sale process. However, unforeseen circumstances can change how a realtor operates. As a result, unexpected charges or fees may occur.
Unforeseen fees are non-existent when you sign up for a flat-rate MLS FSBO service. When you choose to use an MLS service package, you’ll find various service packages that will fit your budget as you sell your home.
We offer a competitively priced MLS listing service for FSBO sellers in Minneapolis, MN. It’s also upgradable to full-service representation if you decide to leave all control of your home’s sale to our service.
Reach out now to learn more about our flat-fee MLS listing service in Minneapolis, MN.
3. More Visibility for Your Property at a Fraction of the Cost
This advantage ties into the first advantage. An MLS listing service places your property in various real estate listings without you having to pay for a broker’s services. With your property visible on listings like Trulia and Zillow, you’ll have various buyers reaching out to you.
One of the ways we optimize closure percentages is by placing your property on local listings. This way, the chances of someone in the city reaching out to you will increase. To learn more about how we do this, get in touch. We’d be happy to tell you more.
4. Your Home’s Sale in Your Own Hands
A realtor and broker can take the guesswork out of your home’s sale. However, nobody knows the best parts of your home better than you. Also, you might already be familiar with the real estate game or are willing to learn the ropes as you go.
Either way, all you really need help with is the listing part. With an MLS listing service, you can show off the best parts of your home on various listings and take the reins over its sale value.
You’ll also benefit from the freedom to choose which buyer to deal with and when. After all, with your property visible in several listings, you’ll have more options and room for flexibility.
Make More Money as an FSBO Seller With Our Flat-rate MLS Listing Service
Using a flat-rate MLS service in Minneapolis, MN, gives you several benefits. First, an MLS service enables you to save money on your home sale as you forego commission payments and realtor fees. Also, you get what you’re paying for with no unforeseen charges getting in the way of your sale’s closure. Most importantly, your property will be visible in various listings, giving you more control over its sale.
With advantages like these, the choice is clear — use an MLS listing service in Minneapolis, MN. If you’re looking for a service like this, we’re here. Get in touch for our FSBO flat-rate MLS listing service in Minneapolis, MN.
Sources:
https://realestatecorners.com/minneapolis-for-sale-by-owner/
https://realestatecorners.com/how-to-sell-your-home-for-sale-by-owner/
https://www.upnest.com/1/post/flat-fee-mls-listing-services/
https://www.simpleshowing.com/blog/everything-you-need-to-know-about-a-flat-fee-mls-listing
Is a Flat Fee Realty Service Really a Better Option?
With a flat fee listing service Minneapolis, MN home sellers can have their homes listed on the MLS for a flat fee, as the name implies. The real estate broker licensed by the state offering this service will often not only list the property, but also offer additional services to help the homeowner sell the home, including marketing assistance. At Real Estate Corners, Inc., our flat fee MLS service gets your home the visibility it needs for eager buyers in the market to see it.
Common Myths About Flat Fee Realty
With flat fee real estate, you pay a flat fee instead of the typical 3% seller’s commission fee in order to have your home listed on the MLS. This home selling model is preferred by many home sellers. However, there are some myths about flat fee realty that need to be dispelled. At Real Estate Corners, Inc., we offer flat fee listings of homes in addition to other services to help you with marketing and selling your home. With the option of real estate for sale by owner Minneapolis, MN home sellers can benefit in various ways despite the myths about the process.
Let’s set the record straight about some of the myths here:
Myth 1: Buyers Agents Ignore Flat Fee Listings
This is simply not true. Even though the listing is a flat fee listing, the agent for the home buyer still receive a commission on the home sale. So the buyer’s agent has every inventive to pursue the property under a flat fee listing for their clients. In addition, buyer’s agent have an obligation to operate in a certain manner that would prohibit them from avoiding these properties.
Myth 2: You Will Receive Little Help Selling Your Home
This is not true with a reputable and experienced flat fee listing service. Although you may opt for a pure For Sale by Owner options that does not include any extra help, many flat fee realty companies offer an array of extra services in the form of a full service flat fee package or through purchasing certain individual services you want. You can choose the level of support you desire for selling your home, while still not having to pay the typical selling agent’s commission.
Myth 3: Flat Fee Real Estate Listing is the Same as FSBO
Both FSBO and flat fee real estate listing are ways to sell a home without the representation of a formal listing agent. However, that’s the only similarity between them. Flat fee sellers have access to multiple services that can make the selling process efficient and effective. FSBO sellers without adding other available services, do much or all of the work on their own, including marketing, price negotiations, and closing.
For information about the flat fee real estate for sale by owner and full service options we offer in the greater Minneapolis, MN area, or to request a free consultation, call us today at 612.483.1230 or use our contact form.