Sell My House Fast in Minnesota
Need to sell your house fast in Minnesota
Competitive cash offers: There’s no need to sort through dozens of We Buy Houses Minnesota websites. Our team of experts understands the local market, and we work with one of the largest cash buyer networks in the nation to ensure you get the best offer possible through HomeLight’s Simple Sale Minnesota platform.
No repairs or roadblocks: We specialize in helping Minnesota sellers move quickly, even if a house needs repairs or you’re going through a difficult situation such as divorce, death in the family, or financial troubles.
Simple and fast: Get the cash you need to move on to your next chapter without the stress of showings, negotiations, or waiting months to close.
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Sell My House Fast in Minnesota
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How to Sell My House Fast in Minnesota: Cash Offer Options
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Richard Haddad Managing EditorClose
Richard Haddad Managing EditorRichard Haddad is the managing editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
Are you a homeowner in Minnesota looking to sell your house quickly? Whether you’re facing a job transfer, financial constraints, or simply eager to embark on a new chapter, the need for a fast home sale can be a pressing concern.
In this guide, we’ll explore two effective options tailored to Minnesota home sellers: requesting a cash offer for your home and hiring a top real estate agent. We’ll delve into the process of obtaining a cash offer and provide insights into house-buying companies in Minnesota.
Additionally, we’ll uncover the benefits of working with a skilled real estate agent and share expert tips to help you sell your Minnesota house fast.
Sell Your Minnesota House Fast With an All-Cash Offer
Get an all-cash, no-obligation offer on your Minnesota home through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses.
Why you might need to sell your Minnesota house fast
Here are some scenarios that might require you to sell your Minnesota home quickly:
- Relocating for work: You’ve accepted a job in another city and need to sell your home right away to start your new position.
- Financial urgency: Unforeseen expenses, medical debt, or a need for immediate funds necessitate a quick sale.
- Inherited property: Managing an inherited house in Minnesota may be challenging or unwanted, prompting you to sell it promptly.
- Divorce or separation: The dissolution of a relationship may lead to the need for a fast sale to settle financial matters.
- Avoiding foreclosure: If you’re facing mortgage delinquency, selling quickly can help you prevent foreclosure and protect your credit.
- Downsizing or upsizing: Changing family dynamics or lifestyle preferences may require a speedy sale to accommodate your new housing needs.
When time is of the essence, and you need to sell your Minnesota house fast, one option is to request a no-obligation all-cash offer for your home.
Option 1: Request a cash offer for your Minnesota home
Selling your home in Minnesota doesn’t have to be a lengthy process. Instead of going through the traditional home-selling steps, you have the option to request a cash offer. Modern platforms like HomeLight’s Simple Sale can connect Minnesota homeowners with cash buyers, providing a streamlined and efficient path to selling your house quickly.
With Simple Sale, you have the flexibility to choose your desired move-out date and close the sale in as few as 10 days. By answering a few questions about your Minnesota home and selling timeline, you can receive a no-obligation all-cash offer in 24 hours. It’s a simpler, faster way to sell your home in Minnesota.
The process of a cash offer in Minnesota
In Minnesota, selling your house fast through a cash offer follows a straightforward process. With the buyer having the necessary funds upfront, there’s no need for mortgage approvals or contingencies that can delay a sale. After evaluating your home’s condition and market value, the cash buyer will present an offer. Once accepted, you can proceed to a swift closing since there are no mortgage-related inspections or approvals to wait for.
Here are the three simple steps in the Simple Sale process:
Who else buys houses for cash in Minnesota?
If you’re a homeowner in Minnesota seeking a cash offer, you can find a number of established house-buying companies and investor groups ready to help. Here are some examples of companies in Minnesota that pay cash for homes:
- Twin Cities Home Buyers, Inc. (Minneapolis–Saint Paul area)
- MN Nice Home Buyers Inc. (Minneapolis–Saint Paul area)
- Minnesota Home Guys (Minneapolis–Saint Paul area)
- Minnesota Home Brothers (Minneapolis–Saint Paul area)
- We Buy Houses MN (Ramsey, Hennepin, and Anoka counties)
- Cash For Houses MN (Anoka, Dakota, Hennepin, Ramsey & Washington counties)
While you can certainly search the internet for additional cash-for-home companies in Minnesota, it’s important to thoroughly research and vet them before making a decision. Alternatively, you can use HomeLight’s Simple Sale platform, which connects you to the largest network of trusted cash buyers in the U.S., providing peace of mind and convenience in your home-selling journey.
Pros and cons of selling to a Minnesota house-buying company
Still unsure if selling your home to a house-buying company in Minnesota is the right choice for you? Here’s a quick comparison of the benefits and drawbacks of this arrangement:
Pros
- Sell fast: House-buying companies in Minnesota can provide a quick and streamlined selling process.
- Skip repairs: You can sell your home as-is, without the need to invest time and money in repairs or renovations.
- Easy process: Selling to a house-buying company simplifies the transaction, as they handle paperwork and logistics.
- No staging or showings: You can avoid the hassle of preparing your home for showings and open houses.
- Flexible move-out dates: House-buying companies offer flexibility in determining your desired move-out date.
- No financing delays: Cash offers eliminate potential delays related to mortgage approvals and financing contingencies.
- Reduced or no closing fees: Selling to a house-buying company may result in reduced or no closing costs.
- Sale is guaranteed: Once you accept an offer, the sale is typically guaranteed, providing certainty in the transaction. There are no contingencies that can delay or cancel the deal.
- Can be a foreclosure solution: Selling to a house-buying company can be a viable solution to avoid foreclosure in Minnesota.
- Less work than a FSBO sale: Selling to a house-buying company requires less effort and involvement compared to a For Sale By Owner (FSBO) sale.
- Peace of mind: Working with a reputable house-buying company offers peace of mind and a smooth selling experience.
Cons
- Lower offers: Cash offers from house-buying companies are typically lower compared to listing your home on the open market.
- Less competition for your home: Selling to a house-buying company may result in fewer potential buyers compared to traditional listings, meaning no bidding wars over your property.
- You give up control: The decision-making power regarding the sale process is transferred to the house-buying company.
- No negotiations: Negotiation opportunities are limited when selling to a house-buying company.
- Can face hidden fees: It’s important to research and vet house-buying companies thoroughly to avoid potential hidden fees or charges.
- Not all companies are reputable: There is a range of house-buying companies, and it’s crucial to choose a reputable and trustworthy one to ensure a fair and legitimate transaction.
- A potential risk for scams: Sellers should remain cautious of potential scams or fraudulent activities and verify the legitimacy of the house-buying company they work with.
Cristina Edelstein-Skurat is a top-performing real estate agent in Minnesota who sells homes nearly 50% faster than the average agent in her Plymouth market. When it comes to house-buying companies, she emphasizes: “Sellers need to understand that they’re not going to get full value for their home.”
However, Edelstein-Skurat acknowledges that there are situations where selling for cash can make sense. “Like a house with major, major issues or where it’s completely outdated everywhere, and the seller or the people helping the seller don’t have the finances, ability, or willingness to put it in a better condition to sell,” she explains. “That’s where there can be the perfect marriage between those ‘fast cash offer’ companies and sellers.”
She adds: “Ultimately, a seller really needs to get a clear handle on what their goals are. If the goal is a quick and easy sale, and they don’t care about the money, then the cash offers make a lot of sense.” However, she recommends that Minnesota sellers consult with an experienced agent before committing to a cash-for-homes company.
Option 2: Hire a top Minnesota real estate agent
Even when time is of the essence, enlisting the services of a skilled real estate agent in Minnesota can be a strategic decision. An experienced agent understands the nuances of the local housing market and can guide you toward a swift and successful sale. From staging your home to skillful negotiation, they can help you maximize your profits, even in a time crunch.
“People contact us a lot about selling quickly, but then sometimes the perception of their house is worse than what it actually is,” Edelstein-Skurat says. “With some minor changes, we can still achieve a fast sale for them. Then the seller doesn’t lose as much equity as they would if they were selling to a cash buyer.”
Now, let’s explore the current market conditions, the advantages of selling with a real estate professional, and how to find a top-performing agent in your Minnesota area.
How fast are homes selling in Minnesota?
According to Edelstein-Skurat, the median days on market (DOM) — the time from listing to having a signed contract — currently hovers around 38 days. “Or a range of about 30 to 40 days, which is up 65% from last year,” she explains. “But even though that sounds like a really big scary percentage increase, it’s still a very limited inventory market, and it’s still a fast-moving market.”
Edelstein-Skurat says sellers should adjust their expectations to fit current market conditions. “The 65% is spelled out to our clients because during the [pandemic-era housing market], sellers got used to homes selling in a weekend, and now it can take over a month on average for homes to sell. So it’s fast, but not as fast as it was, and that can make it feel longer.”
When making moving plans, sellers also need to take into account the additional 44 days a traditional mortgage-backed buyer typically needs to close on a purchase loan.
It’s worth noting that market conditions can vary across different regions in Minnesota, and working closely with a knowledgeable real estate agent can provide valuable insights into local trends and dynamics.
Benefits of selling with a top Minnesota agent
Selling your home in Minnesota with the help of a top real estate agent offers numerous advantages that can accelerate the sale process. Here are the benefits of partnering with an experienced agent:
- Ability to sell for more: A skilled local agent understands the market and can maximize your home’s value, typically resulting in a higher sale price.
- Can generate a speedy sale: An agent’s knowledge of your Minnesota market and effective marketing strategies can attract buyers and expedite the selling process.
- Accurate, effective pricing: An agent can provide an accurate valuation of your home, ensuring it is competitively priced to attract potential buyers.
- Professional negotiation skills: A skilled negotiator can advocate for your interests, leading to favorable terms and a faster closing.
- Expert partner by your side: An experienced agent will guide you through each step, offering valuable advice and insights.
- Will know what to fix and not fix: Agents can identify necessary repairs or improvements that will have the greatest impact on the sale without unnecessary expenses.
- Elevated marketing: An agent will apply professional marketing techniques and extensive networks to showcase your home to a wide range of potential buyers.
- Contract savviness: Agents handle contracts and paperwork with precision, ensuring a smooth and efficient transaction.
- Can manage documents and disclosures: Agents are well-versed in managing the necessary documents and disclosures required in a real estate transaction.
- Network of skilled professionals: Agents have connections to a network of professionals, such as inspectors and lenders, who can expedite the selling process.
As Cristina Edelstein-Skurat emphasizes, working with an expert agent allows for a customized approach that takes into account market dynamics, price points, and the need for effective marketing. Experienced agents will also act quickly.
“If somebody is working with a team like ours, we have a whole dedicated team of client care specialists so that when the buyers call or reach out to us about our listings, we’re immediately calling them, or we’re getting a hold of them in the first five minutes. We’re getting the buyer into the house,” she says.
How to find a top Minnesota real estate agent
Finding the right real estate agent for your Minnesota market can make a world of difference, and HomeLight’s Agent Match platform can assist you in your search. With a comprehensive analysis of over 27 million transactions and thousands of reviews, we can connect you with a top-rated agent in the Minnesota area. Whether you’re selling or buying a home, let HomeLight guide you toward the best agent to meet your specific needs and ensure a successful real estate journey.
Expert agent tips to help sell your Minnesota house fast
To sell your home quickly in Minnesota, consider these expert tips from top real estate agents:
- Price it right from the start: Work with your agent to set a competitive price that attracts buyers and avoids prolonged market time.
- Focus on curb appeal: “I’ve seen sellers that don’t do some of the work,” Edelstein-Skurat says regarding curb appeal. “Make sure your landscaping looks good. If not, it can make the house look more in disarray.”
- Stage your home: “Truly, truly, truly in this market, there are a lot of homes that are on the market for 70 days or more. Those are the houses that are not staged correctly — exterior and interior,” says Edelstein-Skurat.
- Make your home show-ready: “When sellers are actually doing the prep work to get the home show-ready, those are the ones that are still selling very quickly,” Edelstein-Skurat explains. “The right preparations are a huge factor in selling fast.”
- Declutter: “Get rid of almost everything you own,” Edelstein-Skurat quips. “That’s kind of a joke, but if you can do some major decluttering, the home will sell faster. I just saw a $1 million listing…and the closet was spilling out with clothes. Showing it like that is not a good strategy.”
- Open up space: “If buyers get any feeling that they won’t fit in the home — which is one of the main reasons people make a move because they want more space — they’re not going see themselves as being able to successfully live at home, and they will devalue what they believe it’s worth,” Edelstein-Skurat says.
- Highlight outdoor living: Minnesota buyers appreciate outdoor spaces, so showcase patios, decks, and scenic views to captivate their interest.
- Highlight a home office: Create a welcoming home office or workspace to cater to the increasing number of remote workers in the state.
- Get a pre-listing home inspection: Address any potential issues before listing to boost buyer confidence and streamline the selling process.
- Leverage social media reach: Utilize popular social platforms to share engaging content, such as walkthrough videos or photos, to increase visibility and attract potential buyers.
- Offer a home warranty: Provide peace of mind to buyers by offering a home warranty, particularly for buyers who may be on the fence, or those shopping with a tight budget and limited money to make future repairs.
“Since the interest rates increased, buyers are less forgiving of having to do some work to the home or update it because they are typically being pushed to the top of their monthly payment affordability,” Edelstein-Skurat says. “Whereas before, they could justify dealing with some issues when the rates were lower because they had some financial breathing room to get a better house for their monthly payment.”
Ready to sell your Minnesota house fast?
Whether you opt for a cash offer or choose to work with a top Minnesota agent, the key is finding the best approach for your specific needs.
- When the need to sell is urgent, a cash offer through a platform like HomeLight’s Simple Sale could be an ideal solution.
- Alternatively, hiring an experienced Minnesota real estate agent can ensure your house is professionally marketed and priced to sell quickly. HomeLight can connect you with a top-rated agent in your market.
Even if time is of the essence, you might consider both options.
“Why not consult with an expert first,” Edelstein-Skurat advises. “If it’s someone like our team, we actually work with several cash investors, which we invite to make offers after we have met with the seller to understand what their goals are.”
You can also compare a cash offer from Simple Sale with an agent’s opinion, which gives you more flexibility to choose the best path forward.
With knowledge, resources, and options at your disposal, you’re equipped to navigate your fast home sale in Minnesota with confidence.
Header Image Source: (Phil Hearing/Unsplash)
