5 Indicators It is Time to Sell Your Home in Minnesota

8/6/2018

You’ve been thinking about selling your Minnesota home for months now. But, for whatever the reason, you’re still living in it. If you’re finally ready to take the plunge, Home Avenue can help you sell your home through our flat-fee real estate service. If you are unsure about selling in this market, these five indicators may give you the nudge you need.

1. You’ve Been Eyeballing the Same House

You can’t stop thinking about the house you’ve always wanted. You’ve peeked through the windows, looked it up the Home Avenue listing, and driven by several times to see if it’s still on the market. It’s a more beautiful house than yours with less maintenance. The only thing that’s missing is you. If so, it’s time to sell your home.

2. It’s a Sellers Market in Your Neighborhood

Have you recently tested the market to see what your house is worth? Have you peeked at the market value of your neighbors’ houses? If it’s possible that you could turn a significant profit for your property, you may want to consider selling your home.

If you’re not sure whether the time is right, a Home Avenue real estate agent may be able to sit down with you and crunch the numbers. A real estate professional may also be able to show you similar markets in the Twin Cities metro area.

3. Your Family Has Outgrown the Tiny House

Few things are as uncomfortable as a cramped house. If you’re trying to shuffle all the members of your family around to accommodate everyone, you may want to consider upsizing to a larger home.

There are several homes available in the Minneapolis area. There may be some priced within your range that offer more square footage so that your family can live comfortably. Speak with a Home Avenue agent or visit the MLS listing on our website to see what’s available.

4. Remodels and Repairs Are Doing Nothing For Your Home’s Value

Your home’s value is not only based on your upgrades and repairs but also the market values of the houses in your neighborhood.

If the property values are consistently low, you may not get a good ROI on your renovations. The risk in selling a home with a low property value is in settling for a lower price. The trade-off, however, is that you’re no longer spinning your wheels financially by hemorrhaging money in needless expenses.

5. Interest Rates are Low in the Real Estate Market

As of June 2018, Minnesota mortgage rates are as follow:

● 30-Year Fixed Rate Fixed
○ 4.42%
○ 0.03%
● 15-Year Fixed Rate Fixed
○ 3.84%
○ 0.00%
● 5/1 ARM
○ 3.92%
○ 0.02%

Moreover, while they’re not as low as they were back in 2017 (historically low rates of 3.5%), they’re still impressive enough to consider purchasing a new home. If you’re not happy with your current home, now may be the time to make a move.

Take Advantage of Flat Fee Realty with Home Avenue

If you’re ready to sell or buy a new home in the Twin Cities metro area or throughout Minnesota, Home Avenue can help you every step of the way. We offer flat-fee realty for sellers and cash-back rebates for buyers.

To find out more about the features and benefits of flat-fee realty, contact us today at 952-929-7355, or you can message us at info@homeavenue.com.