Contrary to popular belief, selling a house doesn’t always require hiring a real estate agent. Many sellers in MN choose to take the homes for sale by owner (FSBO) route to save on agent fees and have more control over the sale. If you’re considering selling your house in Minnesota without an agent, here are some tips:
Do your research
Learn more about the current real estate market in Minnesota. Research recent sales of similar properties in your neighborhood to get an idea of where the market currently sits. This will help you set a competitive and attractive price for your home.
Gather essential documents
To sell your FSBO house in MN, you’ll need to gather important documents, including the property deed, survey, tax information, disclosure forms, and any relevant permits or certificates. Make sure you have all the necessary paperwork organized and readily available for potential buyers.
Prepare your property
Create a good first impression by improving your home’s curb appeal. Make necessary repairs, declutter, and deep clean the property. Stage your home to highlight its best features and create a welcoming atmosphere for potential buyers. Consider professional photography to showcase your home’s beauty in online listings.
List it on the MLS
FSBO websites, local classifieds, and social media platforms are not enough to showcase your home to as many buyers are possible. It’s best to use a flat fee MLS listing service to put your property in front of agents who are looking for suitable houses for their buyers. By appearing among other MLS homes for sale by owner in MN, your property can get more exposure.
Arrange showings and open houses
Prepare your house for open houses by ensuring it is clean, well-staged, and inviting. Be available to answer questions, highlight the property’s unique features, and provide any necessary information.
Negotiate and close the deal
Consider offers carefully, including price, contingencies, and closing timelines. Once you’ve accepted an offer, work with the buyer’s agent (if applicable) or an attorney to handle the legal and financial aspects of the sale. Facilitate the transfer of ownership and ensure all necessary paperwork is completed correctly. Ensure all outstanding obligations, such as mortgage payments and property taxes, are settled before the closing date.
By conducting thorough research, effectively marketing your property, and navigating the negotiation and closing process, you can successfully sell your home without the need for a real estate agent. Remember to stay organized, communicate effectively with potential buyers, and seek professional guidance when necessary.
If you need help with your FSBO journey in MN, Real Estate Corners, Inc. is here. We offer different homes for sale by owner packages in MN. We can start by listing your property on the MLS for a low flat fee. Added marketing support is available for a small additional charge.
