NOW is the best time to sell your house in the Twin Cities. According to a press conference held this year by REALTOR® associations, Twin Cities had a great year with closed sales finishing at 13.7 % higher than 2014. Also, last year’s conditions show that sellers have “regained their pricing power and are accepting near-full price offers on their listings”.
Both Zillow and Trulia show that the market is tilting towards the advantage of the seller. We’ve gathered common denominators from both and compiled them into a list of reasons why you should sell your house in the Twin Cities NOW:
Sales Prices Have Gone Up
Trulia has noted that the sale price for homes in Minneapolis have gone up by approximately 4.3% from October 2015 to January 2016. The number of sales have also increased.
Zillow, on the other hand, has observed that the value of homes in Minneapolis have gone up by 2.3% when compared to last year. Basically, this is beneficial to the seller because their house can be listed at a higher price without staying in the market for a long time.
Despite the rising sale prices and values, inventories have declined. Per Trulia’s chart, the number of listings have declined from 780 to about 720 from January 6, 2016 to January 13, 2016. That’s only after a week’s time.
If you’re a seller, you should take advantage of this inventory shortage by listing your house up for sale now. Since not a lot of houses are on the market, your house will get better exposure. This increases its chances for a quick sale.
Cash Transactions with Investors
In Minneapolis, you can find investors who are willing to purchase your house for cash. Investors don’t need you to fix your house which means you don’t have to conduct open houses and wait for a good offer to come. Investors can make a quick offer, buy your house for cash and close on your timeline.
The combination of these three factors makes NOW an ideal time to sell your house. Many sellers make the mistake of waiting longer to get higher prices for their house, but it is best to take advantage of favorable market conditions now while they last.
Additionally, working with an investor like Gold Path Real Estate who can offer you a good deal, a smooth transaction and a quick close without doing any repairs or other hassles, you’ll be sure to sell your house in no time.
There are no commissions, closing costs, marketing fees, or other unexpected fees involved. Working with Gold Path Real Estate, is the ideal solution for sellers looking to take advantage of current market conditions. Call 612-758-0071 or click below to discuss your specific situation NOW!