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.
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.
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.
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.
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.
For Sale By Owner (FSBO)
With a pure For Sale By Owner service, the flat fee listing provider will list your home on the MLS. The provider will also offer additional support such as brochures, a yard sign, negotiation assistance, and more. This is not the same, however, as working with a full-service real estate agent.
Full Representation Services Option
With a full representation option from a flat fee listing service, you can still access a bevy of services for a flat fee to help you sell your home. The listing service provider will do all of the work selling your home, or as much as you want them to do. This is an advantageous option because the more help you can receive with the selling process and handling financial and legal aspects of the transaction, the smoother the entire process will go.
Save Thousands With A Flat Fee MLS Listing
With a flat fee MLS service, Minneapolis, MN home sellers will save at least 50% on typical agent commissions. The 50% saved is the amount a full-service listing agent for the seller would receive. This amounts to several thousands of dollars on many home sales. If you happen to find a buyer who is not represented by a buyer’s agent, you would also not have to pay a buyer’s agent commission. Otherwise, you would still owe that commission from the selling price of the home.
The amount you can save using a flat fee listing service depends on the selling price of your home and the standard commission rate in your area, whether greater Minneapolis, MN, or elsewhere.
So, for many home sellers, a flat fee realty service is the better option.
To learn about the flat fee listing service options we offer at Real Estate Corners, Inc., or to arrange a no-cost consultation, give us a call today at 612.483.1230 send us a message by using our contact form.
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.
If you are preparing to sell your home, you probably are aware of the costs associated with a home sale. However, you may not be aware of how much a commission-based home sale can take from the sale price of your home. With a flat fee listing, you can keep that money instead. At Real Estate Corners, Inc., we can help you get your home listed on the MLS and provide other services as well with a Flat MLS Listing Fee Minneapolis MN area home sellers can benefit significantly from our services, both financially and home-marketing wise.
1. Reap Significant Savings
You can potentially save thousands of dollars on the sale of your home by going with a flat-fee realty service. You can keep the 3% realtor commission in your pocket instead of it going to the seller’s realtor. On a $300,000 home sale that is $9,000. So you gain the $9,000 minus the flat fee you pay for the listing service. You will still pay the buyer agent’s commission which may be in the range of 3% of the selling price as well. When everything is completed, you can end up saving several thousand dollars you would have otherwise paid from the sale of your home.
2. Help With Budgeting
With a flat fee listing service, the fee for the realtor will not change with the selling price. The same flat fee applies to a wide range of asking and selling prices. This can help you better budget for the future.
3. Get Great Value
Even though you are saving on realtor costs with the flat MLS listing fee option, you are still getting great value. Flat fee listing professionals can still handle much of the home selling process for you, that is, if you choose the full service option. They will provide ongoing support beyond just listing the property, including marketing help and managing the closing process, plus other coordination activities between you and the buyer.
4. Access to Multiple Options
You can choose the level of service you want with a flat fee service. You can choose our For Sale By Owner options or our Full Service Realtor option. If you want to list your home as FSBO, but also want additional marketing exposure than you are capable of producing on your own, we have options for accomplishing that, including 12 month MLS listing, color brochures, email blast to local realtors, professional 6 foot broker yard sign, monitoring the competition, online open house directory, market analysis, and facilitate the transaction services.
To learn about the flat MLS listing fee options we offer at Real Estate Corners, Inc., or to schedule a free consultation, call us today at 612.483.1230 or fill out our contact form and leave us a message.
With a flat fee MLS listing services, you have an alternative option for selling your home, instead of opting for a traditional real estate agent. Selling your home on your own without such an agent is referred to as “For Sale By Owner” (FSBO). If you want to go the FSBO route, a flat fee listing agent can assist you with the marketing of your home by listing it on your local Multiple Listing Service (MLS). At Real Estate Corners, Inc., we provide flat rate MLS listing for our clients. We can help you market your home so ready buyers can see it while helping you save money on paying commission upon the sale at the same time.
The Importance of the MLS
Real estate agents use the MLS to list properties and share them with other agents, enabling their clients to find homes and sale homes. Local MLS databases run into the hundreds across the country. Most of the real estate sites such as Realtor.com, Zillow, and Trulia get their property listing data from the MLS. This is why it is crucial to have your home listed on the MLS if it is to be seen by many people searching for a home like yours.
A flat fee listing agent can help get your home listed on the MLS even without using a complete real estate professional service.
Flat Fee Listing Services
As the name implies, a flat fee MLS listing service charges an upfront flat fee to list your home on the MLS. At the bare bones level, the service ends there. However, many flat fee MLS listing services provide addition help for their flat fee, including options to purchase additional services that can help you market your home and get it noticed by willing buyers.
Although you may not get all of the services you would get from a full realtor service provider, you can still get a large complement of services to assist you with the marketing and selling of your home. In addition, you are also saving potentially thousands of dollars by not having to pay the selling agent’s standard 3% commission.
Choosing a Flat Fee Listing Service, or Not
Whether the flat fee listing option is right for you will depend on the time, money, and energy you want to spend on selling your home. The financial savings involved is the big appeal of a flat fee listing service. And remember, you can still get a significant amount of help if you choose a full service package and/or other options the flat fee listing service may provide.
With flat fee listing MLS, Minneapolis, MN home sellers can have their homes listed on the MLS and also take advantage of additional service available to assist them in the home selling process.