If you receive a brand new job offer in a completely different region of the country, you will need to quickly sell your current house in Minneapolis. Or, perhaps you want to move and be closer to family, or maybe you may merely need a change of scenery.
Whatever the reason, there’s a lot to learn about the housing market – especially in Minnesota. Selling a home anywhere in the US can be daunting, but with the right information, your home-selling process will go smoothly. Luckily, we have all the information you need below.
First, we will cover how long it takes to sell a house in the United States and then focus more on Minneapolis. We also provide details on accelerating the home selling process and how to prepare your house for sale.
Keep reading to learn all about how long it takes to sell your home in Minneapolis.
The Average Time it Takes to Sell a House in the USA
According to The Balance, the National Association of Realtors outlines that most homes were on the market for 39 days on average in August 2021 from the moment they’re listed until closing day. In fact, houses sold 30 percent faster this year than in 2020.
When looking at the entire year, the average time it takes to sell a home in the United States is about 86 days.
To learn more about how long realtors expect your house to stay on the local market before selling, you can find experts, such as real estate lawyers, to ask about the average days to sell a home in your neighborhood. Experts in the real estate market generally know these statistics by heart.
If you are selling amid a seller’s market, then your home will likely spend fewer days on market posts than at any other point of the year. Both the springtime and the summertime are generally good times to sell a home, as many families prefer to move before their children start a new school year.
The Average Time It Takes to Sell a House in Minneapolis
According to the real estate publication Realtor.com, a Minneapolis house stays on the market for an average of 52 days from the moment you list a house for sale through closing day. This timeline involves approximately 17 days to obtain an offer and about 35 days to close on the home.
The market conditions in Minneapolis are better than the rest of the state, as homes in cities and popular locations tend to sell even faster. Some of the factors that impact home sales and the housing market in Minnesota are:
- Supply and demand from homebuyers
- Rising home prices
- Job market
- Time of year
- The condition the property is in
- The type of housing property you’re selling
Minneapolis houses had their overall home value grow by 6.5 percent over the last 12 months.
What Are the Average Days to Sell a Home in Minneapolis
How long should it take to sell your house in Minneapolis, Minnesota with a real estate agent? The average number of days to sell a home in Minneapolis is approximately 81 days, but you can accelerate this with a few simple steps.
You or your experienced real estate agent need to conduct some real estate market analysis and determine the best time to list your home for sale and the best month to list your property for potential buyers to get the highest possible asking price. In Minnesota, the best month to sell a home is in June, while the worst month to sell is in January.
In June, homes spend 34 days on the market on average. In January, it takes up to 73 days for a home to sell once appearing on the market in Minnesota.
How Can You Speed up the House Selling Process
There are specific ways to accelerate the speed with which you sell your home in Minneapolis, Minnesota. We have some of the best tips for selling your house quickly.
You will need to hire a photographer and stage your home for the perfect photos to market and sell your property.
Keep in mind that you’ll also need to list your home at the right sale price to sell it quickly. If your home is priced too high, it will take much longer to sell, and you might end up reducing the listing price anyway. Try to look at the costs of comparable houses in the region. If you want to sell your home quickly, you can price it a bit lower than others in your neighborhood.
House Preparation
When preparing your house for sale, you need to clean your home and declutter it from extra furniture and personal items. That way, it’ll look great for showings to new homebuyers. The way your home looks is essential. In addition, some steps you can take to improve curb appeal and get homebuyers interested include:
- Painting over the front door to remove chipped paint
- Wash the windows to remove stains
- Add some flower pots or plant flowers in the front yard
- Mow the lawn and make sure the bushes look good
- Fix any lightbulbs or anything broken on the porch or by the front door
Instead of focusing on major repairs in your home, you will want to focus more on quick fixes. You don’t have to renovate the entire house. Instead, look to repair loose tiles, remove carpet stains, tighten leaky faucets, fix up chipped paint, and tighten any loose doorknobs.
Selling Your House at the Best Time
Selling your home during the winter is the worst time to do so, as fewer buyers are out there during this season. The best time to list your home for sale is either during the spring or the summer season.
The majority of people looking to buy a home tend to look at houses during the spring, so if you list during this time, you may have more offers and be able to sell it quickly.
In particular, most real estate experts say that the best time of the year to sell a house is in the spring. Depending on your location, you might be able to get multiple offers for your home after one weekend of showings.
Avoid Major Renovations
You should probably avoid significant renovations and repairs at your home if you’re looking to sell it quickly. You don’t necessarily need to put lots of funds into renovating your place, as minor repairs may be enough to get offers.
In addition, you can make sure to clean up your house so that it looks perfect for showings. Be sure that your kitchen and bathroom counters are clean, as well as your laundry room, tabletops, and fireplace mantel. You can also look to remove the dirt and grime from ceiling fans, blinds, and ovens.
Furthermore, you may want to rearrange your furniture so that potential homebuyers do not bump into anything when they’re walking through your home.
Cash Homebuyers in Minneapolis
Another great way to quickly sell your home is to look for cash home buyers in Minneapolis. Selling your home for cash means you can sell it more quickly by avoiding the staging aspects of the sale. You won’t need to stage any open houses. You can move forward quickly and ask for a cash offer.
Don’t forget to review the price and terms before you accept a cash offer for your house. While some buyers will organize a house inspection and may ask for potential repairs, others are perfectly okay with purchasing your home “as-is.”
Through a cash sale, you’ll be able to sell your home very quickly, with most homes closing in as little as two weeks. You can ask us for help, as we buy houses in Minnesota.
Pre-listing House Inspection
Another critical point to consider is the importance of getting a house inspection before you list your home on the housing market. A handyman can tell you all of the typical problems that your home has before any buyers find out from their own repairman.
With a list of all the repairs your handyman needs to do, you can make sure to fix the minor issues and potentially renovate your home before putting it on the market. This way, you can still price your house high if there are no more significant problems to fix.
Conclusion
Now that you’ve read through this guide, you should have a good understanding of how long it takes to sell a house in Minneapolis, Minnesota. You can follow the many tips here to help you sell your property much faster.
By cleaning out your home and decluttering, repairing minor issues, and getting a great photographer, you will be able to sell your place quickly. Plus, one of the best ways to sell your house quickly is by accepting a cash offer. You can skip the real estate hassles and fees, and enjoy a quick sale
Before you know it, you’ll have a good offer, and you’ll be moving into your new home. You’ll start your life anew in a novel location.