Selling your Minnesota home can be a challenging process, especially when you need to sell by a certain date. Whether you need to close by a deadline so you can move or you’re trying to purchase your next home, it’s important to know exactly what to expect when selling your home.
If it’s your first time selling a home in Minnesota, the experience can be even more stressful as you’re not sure what to expect. Bill Buys Houses is here to help!
Bill helps homeowners sell quickly so they can move on to the next stage of their lives. If you need to sell your house fast, give us a call and get an offer right away.
Let’s discuss what to expect when you’re planning your home sale timeline, such as:
- The average time it takes to sell a home in Minnesota
- How the housing market may impact your home sale
- The effect any necessary renovations can have on your selling process
- Signs your home is struggling to sell
- What happens when a home sits on the market for a long time
Average Time To Sell Your House
According to industry experts, the average home stays on the market for about 24 days.
Unfortunately, for anyone who needs to sell in a hurry, time on the market is just the beginning of the home sale process. Once you’ve found a buyer, it can take about 46 more days, on average, to close.
Altogether, that adds up to more than two months, and that’s if everything goes as planned and the market works in your favor. In reality, every sale is different, and there are no guarantees.
There are many additional factors that can make a sale take longer, like these:
- Local and national housing markets
- The domestic and global economy
- Unexpected market forces
- Condition of a home
- Time of year
How Housing Markets Impact Sale Time
One of the biggest factors influencing the time your home spends on the market is the national housing market. Unfortunately, the housing market can vary from one year to the next according to various global and domestic issues.
The number of homes available in your area can also play a role in sale time. If buyer demand is high and the number of homes available in your area is low, this can drive up competition and create a seller’s market, often making sales go faster.
On the other hand, when there are more homes to choose from, and demand is low, it can take much longer than expected to find a buyer.
The Need To Invest Before Selling Can Set You Back Further
Sometimes, home sellers can find themselves in the unenviable position of having to spend money to make their homes more marketable. If your home needs significant updates or repairs, this can set your sale back months.
The physical and financial toll of investing in a home to sell can add up dramatically.
When Your MN Home Is Struggling To Sell, There Are Signs
If your home has been on the market for a while, it can be difficult to tell if this is normal and you should just wait it out or if your home is simply not selling. In a perfect world, every sale would happen swiftly and smoothly, but we don’t live in a perfect world.
If you’ve been trying in vain to sell your home for more than a few months, here are a few warning signs to watch out for:
- You haven’t had any showings for several weeks.
- After the initial interest, you’ve had fewer inquiries.
- No potential buyers are asking detailed questions about your home.
- Your real estate agent hasn’t been checking in regularly.
- When your agent does check in, there’s nothing to report.
- Other homes in your area listed after yours keep selling.
The Curse Of Market Time
Whatever the reason your home isn’t selling, the longer it sits on the market, the more likely its market time is to scare off potential buyers. If you’re already in the process of buying a new home, extended market time can land you in the precarious position of paying two mortgages at once.
Here are a few questions to honestly consider if you’re having trouble getting interest in your home:
- Are problems with inspections sabotaging your sale?
- Is your home in need of significant updates?
- Are images clear and attractive?
- Is your home professionally staged?
- Do the pictures available online accurately represent your home?
- Are potential buyers able to schedule a showing with your real estate agent easily?
- Does your home have a feature that makes it less desirable to modern buyers, like too little bathroom, closet, or kitchen space?
- Is your home priced competitively when compared to similar houses on the market in your area?
Traditional Home Sales Can Fall Through
There are many reasons why a home sale can fall through. It can come down to financing issues, appraisal issues, title problems, significant necessary repairs, personal reasons, or even cold feet.
If you’ve made it far enough in the home sale process to accept an offer, you might worry about it falling through. It’s a real concern. That’s why selling your home for cash is a better way to offload a house that is stalled on the market.
Sell Your Minnesota Home Faster With A Cash Offer
A quicker way to sell your home, particularly if you’re up against any of the above situations, is to accept a cash offer from a local home buyer. This process is easy and eliminates the hassle of preparing your home for sale. Plus, if you are having problems with the inspections, a local cash buyer won’t be worried about that.
With a company like Bill Buys Houses, we will schedule a walkthrough of the home to assess its value in its current state. Then, we’ll write up an offer and present it to you.
If you choose to accept the offer, you’ll have your cash in hand in a matter of days, rather than the months it can take to sell your home traditionally.
Pros Of Selling Your Home For Cash
There are many pros to selling your home for cash. It’s a less complicated and much faster process than selling your home traditionally, and you don’t have to do any work! Even if you need to sell a fixer-upper, a cash buyer like Bill Buys Houses will still make you an offer.
Plus, there are no realtor fees, which means more money in your pocket. Selling your home for cash is also a great way to avoid foreclosure.
Bill Buys Houses In Minneapolis For Cash
If you can’t risk waiting months to sell your Minneapolis home, the real estate experts at Bill Buys Houses can help. Our team of investors will schedule a walkthrough right away, so you don’t have to wait.
There are many benefits to selling your home for cash with Bill Buys Houses! We are local home buyers, not an investment firm. We care about the local neighborhood in Minneapolis and want to ensure our cash offers are fair. We have many years of experience in buying and selling homes, making us experts in almost every situation you can imagine.
We don’t worry about your personal situation, whether you’re selling an inherited home or need cash quickly.
After giving you a cash offer, we’ll provide you with instant cash as soon as we close.
Expect to wait about a week from start to finish in most cases. To sell your house fast, contact us online or call to request an offer at 651-270-9191.
