Steps to Sell Your Home
About this video
In this episode, we discuss the steps to take when you are ready to sell your home.
About this video: Jason walks through the steps you should take when you are ready to sell your home and some important things to consider and research before you choose your agent and what to know and expect after you sign.
Key takeaways
- The steps to selling a Twin Cities home. Step 1: talk with an agent, who gathers details about your home's condition and planned updates and prepares a comparative market analysis.
- Step 2: meet at the home to review pricing, marketing and commission, with no commitment either way. Step 3: sign a listing agreement that sets out pricing and both sides' obligations.
- Research agents first: look for 50-plus reviews on Google or Zillow. Jason notes the average agent sells about five homes a year.
- In a shifting market, don't cut the price too soon. If comparable homes take about 60 days to sell, reducing after 15 days gives away money unnecessarily.
- After an offer: the agent confirms the buyer's pre-approval, then you work through inspection, appraisal and title. Sellers can often sign closing documents ahead of time instead of attending the closing.
Questions this video answers
What are the steps to selling a house in Minnesota?
Get a market analysis, meet with your agent to set price and strategy, sign a listing agreement, market the home, accept an offer, complete inspection, appraisal and title work, then close. Sellers can often pre-sign closing documents.
When should I lower my asking price?
Compare your days on market with similar homes. If comparable homes have been taking about 60 days to sell, cutting your price after two weeks is usually premature.
Read more: Sell your home · Reviews
Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on November 18, 2022; check the current numbers in our market reports.
