In 2022, 77% of sellers who chose the “homes for sale by owner” route in MN successfully sold their properties without a realtor. However, 13% of these sellers encountered challenges related to contracts, paperwork, and home inspections, according to a survey.
At Real Estate Corners, we want to simplify the FSBO process by handling some aspects, such as marketing your home on the Multiple Listing Service (MLS). Plus, we offer reasonably priced additional services, such as color brochures, professional yard signs, competition monitoring, online open house directory, and email blasting to local Realtors. As professional real estate agents, we also provide tailored advice and tips to our clients to ensure their homes are FSBO-worthy. Read on to know what they are!
Ensure the contract is in order
Even homes for sale by owners in MN need a contract. It’s essentially the purchase and sale agreement that covers the terms and conditions of the home sale, such as deadlines, closing process, and contingencies. The goal is to promote a smooth sale, so it’s up to the seller to draft this. However, you can also hire a professional for assistance. Contact a flat-fee MLS listing service provider like us to ensure your contract is error-free
Make a detailed contract
AnFSBO contract must have all the necessary details, such as:
- A clear title
- Purchase price
- Names of the parties involved
- Deadline
- Closing costs
- Property details
- Property disclosures
- Contingency clauses
- Signature block
Prepare your home for an inspection
Homes for sale by owners in MN can attract more potential buyers if they are professionally inspected. A home inspection can help you address issues that may come up and set the ground for negotiations with the buyer if repairs are necessary. Make sure the professional inspector can do their job well by decluttering, turning all utilities on, and providing access to every area of the house. Additionally, move your pets to another place until the inspection is over, and make a list of the upgrades and repairs you have done to your house.
Get more advice from the Real Estate Corners!
Call (612) 483-1230 to consult our experts about homes for sale by owner in MN. Our FSBO package starts at $399 and provides all the help you need to advertise your home effectively.
