Timing is Everything: When is the Best Time to Sell Your House in Minnesota?
It’s no secret that the Minnesota housing market is considered a very seasonal market. Gone are the COVID days of throwing a home up for sale any time of the year and expecting everyone to flock to it. So, what does a “normal” market mean? It means now more than ever; it’s essential to have your Realtor create a thorough plan to capture those seasonal buyers! Rates are higher, days on the market are longer, and buyers are becoming pickier.
The Minnesota housing market historically cools down during the holiday season and speeds back up in February. However, homes still sell in the Fall and Winter months if the following are accomplished:
Price: Price it RIGHT and they will come. No shocker but pricing is critical when listing your home. If you price it too high, you will likely net less vs. pricing it right from the get-go. And this is where a competent Realtor can educate you on what really affects the pricing of a home. And trust us, it’s more than “my neighbor just sold for X…”
Condition: The condition is what you can do to prepare your home for sale. Whether pricing it as an as-is sale or putting some work into the house to ensure the condition reflects the price, the shape of the home plays an essential role in the pricing. Experience says spend a little bit of money to make the home stand out and you will net more money.
Location: The Twin Cities market can be extremely street specific. A house that sold even a mile out with similar specs may not be a true comparable. Much more goes into weighing the cost of the location of the home. The location is what it is. We can’t move your home, so we will want to consider the location when pricing it from the get go.
We can help you with all of the above and put a plan together regarding the necessary steps to sell your home! Here’s a quick view of some of the steps that we would take to help guide you in selling your home:
When the price, condition, and location all align, a house will sell. But remember, the best time to capture buyers to purchase your home is usually February through July. So, technically, the spring season is among us - even with all that snow. Send us a message if you are interested in starting a conversation about prepping your home for sale.
