Considering selling your house in Minneapolis? You’ll want to understand your listing costs first. It’s important to understand all of the options available when you’re selling your home. While the go-to method of home sales is to list in the traditional method, either through a real estate agent or on your own, many homeowners don’t realize they will be paying much more out of pocket by choosing either of these methods. We’ll explore some of the listing costs to expect when selling your house in Minneapolis and how to avoid them.
Repairs – Before and After Inspections
Prepping your home to be in selling condition may be one of the largest of the listing costs to expect when selling your house in Minneapolis. Sadly, sellers must pour money into the house, after having listed the home with an agent or on their own. Inspections can sometimes deliver the worst of news, especially in older homes. Structural issues, foundation, or even plumbing problems can literally run into thousands of dollars in many cases. In order to remain within the local, state, and federal laws governing real estate sales, any known issues with the home that devalue the property must be disclosed. Otherwise, you could end up facing legal fees and penalties. In order to avoid this, you could make a direct sale. With a direct sale to Mill City Home Buyers, we take on the risks, buying your home as-is, eliminating any concerns over the costs of repairs.
Commissions and Agent Fees
The services of a real estate agent can be one of the highest listing costs to expect when selling your house in Minneapolis, as the agent’s high commission and additional fees eat away the profits. You should carefully consider the benefits of accepting a cash offer from a professional buyer and avoid all of the expense and the built-in frustrations of the listing and showing experience. When you work with a professional buyer like Mill City Home Buyers, there’s no need to concern yourself with the hassles of keeping your house spotless, showings, or the outrageous expenses of a traditional sale. The price you’re quoted is the amount you’ll receive for the property.
Marketing is the objective of listing and must be budgeted for in the costs to expect when selling your house in Minneapolis. While yard signs still bring in buyers, the internet is the new highway that brings buyers to your door. Merely listing your property on the MLS is no longer enough to be caught in the swift-paced stream of online listings and the variety of sites that users frequent. All of this additional marketing adds up to additional costs, which you as the seller are responsible for. Working with a professional buyer like Mill City Home Buyers lets you avoid these expenses.
Professional Photography and Marketing
Agents will have demands of you as the property owner which add even more to the listing costs to expect when selling your house in Minneapolis. In order to compete, online listings require the highest quality photographs, submitted by a professional photographer. This may also include the services of a professional drone pilot for virtual tours given today’s high demand for this feature on listings. You can avoid the behind-the-scenes expenses that come along with traditional listings by selling directly to a professional buyer like Mill City Home Buyers.
Closing costs for the seller must be considered as well in the listing costs to expect when selling your house in Minneapolis. While some of these costs may be negotiated in the contract, you will be responsible for items such as the transfer tax and title insurance, there are also escrow and closing fees along with any HOA fees, attorney fees, and prorated property taxes. Some sellers also sweeten the deal to attract buyers by paying a credit towards the closing costs. It’s very easy to avoid these costs by selling your home to a professional buyer like Mill City Home Buyers because we pay all of the closing costs.
Real estate agents can only inform you of the average time a house is on the market with a traditional listing. however, they cannot tell you a specific closing date. Regrettably, when you list, at the end of all of your work, the buyer could be denied financing. For those who have moved forward with plans and already moved or those who can no longer financially afford the house, holding the property is a burden and adds greatly to the listing costs to expect when selling your house in Minneapolis. Now, to avoid them there is another option to sell your home quickly, with a definite closing date and firm offer from Mill City Home Buyers!
It costs a small fortune to sell your house in Minneapolis! Why not start off on the right foot? Avoid the listing costs you’d normally expect to pay by selling to Mill City Home Buyers instead! Call us at (612) 260-5577 or send us a message today to find out more about what we can offer you!