Are you searching for a new home in Minnesota? Looking at houses for sale by owners can be a good start. It will save you time and possibly money because for sale by owner (FSBO) allows you to buy the house directly from the owner instead of through a real estate broker or agent. It benefits the seller, too, as they don’t have to worry about the listing agent taking 5-6% off their final sale price at closing. This means they can keep more profits from the sale.
Here at Real Estate Corners, we offer solutions to help home sellers sell their property quickly with our FSBO package. Our licensed real estate agents will list their homes on the local Multiple Listing Service (MLS) to expand their reach. The MLS is a valuable marketing tool for Realtors because it allows us to promote or find properties for our clients.
However, only professionals like us can access and post on it, making our FSBO service necessary for sellers who want to use the MLS to market their homes. Once a house is listed on the MLS, the listing also appears on hundreds of other real estate websites, including Trulia.com, Realtor.com, CBBurnet.com, Redfin.com, and EdinaRealty. Imagine the amount of exposure sellers can get with that!
We can help you, too!
At Real Estate Corners, we go beyond supporting homeowners who want to sell their homes and get them listed on the MLS. We help buyers like you in finding houses for sale by owners. The best thing about our service is it’s free. Plus, you can earn up to $4,000. Here’s how our buyer’s services work:
- Option 1: Have you found a house you want to buy? We can represent you as the buyer. With this option, you will get a 1% cash rebate of the selling price up to $4,000 at closing.
- Option 2: Are you selling your house and looking for another one? We can help with that, too. Our licensed real estate agents will represent you as a buyer, and you will get a 0.5% cash rebate of the selling price (up to $4,000) when we close the sale.
There’s no catch
We understand your needs differ from other buyers when finding houses for sale by owners in Minnesota. We take different considerations to mind, including your budget, family size, community, location, and lifestyle. Our goal is to identify your needs to ensure you will find the perfect property that suits your requirements. At the same time, we guarantee a smooth buying process that lets you profit, too.
We can provide our buyer’s services at no cost because we profit from our listing service. So, don’t hesitate to ask us to help you find an FSBO home.
House-hunting made easy
At Real Estate Corners, we simplify the process of finding and selecting houses for sale by owners. Use our property search tool here to find some prospects from the sellers we’re helping. We work closely with home sellers who signed up with our FSBO package to connect them with qualified buyers like you and speed up the selling process.
Is it worth buying an FSBO home?
The housing market inventory grew by 35.2% in May 2024. It’s a significant increase from the numbers in May 2023. With more homes for sale, mortgage rates are expected to decline, making now a good time to hit the market.
The best way to become a new homeowner is by buying houses for sale by owners. In 2023, NAR found that 10% of homes sold were FSBO. By partnering with us, you can find the right FSBO house that fits your budget and requirements. Use comprehensive search and various filter options to find a suitable property. We can also represent you as the buyer when you make an offer.
How to find FSBO homes?
Many buyers search for houses for sale by owners through various channels, including online listing websites like Trulia, Realtor.com, and Zillow. You might even find them on local classified ads and social media platforms. Attending open houses and local property auctions in Minneapolis could also lead you to FSBO properties that meet your requirements.
Here are a few tips to find and buy an FSBO home:
- Narrow your search
Various factors can make it challenging to buy a property listed as FSBO. Since you’re doing it yourself, be careful when choosing a home to invest in. To find the best investment, explore multiple areas in Minnesota instead of restricting your search to a single area. This will allow you to find houses for sale by owners that align with your desired amenities, budget, and needs.
- Visit the area
This is a must before buying any property. Get to know the neighborhood and get a feel of the locality. An FSBO listing might have nice pictures, but sometimes, they can be deceiving. It never hurts to verify things for yourself and check the house in person.
- Get approved for financing.
As an FSBO buyer, you could either pay in full in cash or consider financing, such as short-term, permanent, or seller financing. If you go for financing, you must prove to the seller that you’ve been approved and can secure the funds promptly.
- Make an acceptable offer and request a home inspection and appraisal.
Before making an offer, analyze the properties that have been recently sold in the neighborhood within the past 3 to 6 months. This will also help the buyer determine if they are selling at a competitive price. Additionally, take the time to hire a licensed home appraiser and inspector. An inspector can help you avoid a potentially problematic property that’s expensive to repair. Meanwhile, an appraiser can determine the home’s true worth and help lenders decide on fair financing.
Save time with Real Estate Corners.
At Real Estate Corners, we save you from the hassle and effort of finding houses for sale by owners with our buyer’s service and property search tool. Are you interested? Call (612) 483-1230 to speak with one of our licensed real estate agents.
