Claire Asks, “I've heard over and over that it is a sellers market right now. Before I list my Minneapolis home, seriously, how much work do I really need to do to get it ready? I feel like all I need to do is vacuum the carpet and open it up for offers. Do you agree? How much are sellers doing to sell their home?
That's a really great question, Claire, and I get that question all the time. Obviously, yeah, it is a sellers market, depending on what price point you're in.
I do a lot of work in the Edina- South Minneapolis area, which has higher price points.
What is a higher price point? I would say anything over 900 or a million dollars, is definitely a higher price point in the Edina and Southwest Minneapolis area. If you are marketing a home or looking for someone's help,, like myself, to sell your home at 900+, I will tell you that it takes a lot more effort than if you're selling a home in the 400 to 500,000 range, and even less if you’re under $400,000.
Now if you have a house that's under $400,000, it is gonna fly off the market because you don't have new construction to compete with and there's a ton of buyers looking for a house at that price point.
However I will tell you, there's still ways to maximize the ROI on your investment, and your investment is your house and the equity you can get out of your house, because the more equity you can pull out of your house, the more you can use to go buy another piece of real estate for you and your family.
A real strong ROI, comes from a very well prepared property. When a buyer walks in, you have to remember, it's their brand new home. You might've been living there for 17 years, but for this new buyer, this is their brand new home.
If you do the right things to make it feel that way, we can make an emotional connection.
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