DON'T Wait Until Spring to Sell YOUR Home!

By
Real Estate Agent with REMAX Specialists Minnesota License#90858

As a REALTOR® in the north and east Minneapolis/St Paul area, I hear it all the time...Potential home sellers lamenting about how it is too late in the year to sell their Minnesota home. It’s late October now, so soon the snow will fly and no one will be buying. “We missed the market this year so we will have to wait until spring to sell our house now!”

My response is quite simple. “If you can list your home now, you REALLY should.”  Teri Eckholm REMAX Specialist SOLD Sign

 

And the reasons are equally simple:

  1. Low Inventory
  2. Continued Demand

 

The Minneapolis/St Paul metro area has become a year round market. Sure, more people do move in spring and summer but traditional sellers have an opportunity to shine if they list their homes when there are mostly distressed homes on the market. These very low interest rates and increasing news reports about how home prices are edging up, have gotten buyers off the proverbial fence and into the market. Home buyers are waiting for well maintained and well priced homes to hit the market. This is an opportunity few home sellers will take advantage of because they think people do not want to move in the winter. And some people don’t want the inconvenience of showings during the holidays.

But in my experience, the buyers looking in the fall and winter months are very serious about buying a home. Home buyers are tired of viewing bank-owned properties that need work and have no disclosures. They are frustrated with short sale homes that they will have to wait months for possession. Most buyers prefer to buy from a traditional seller….and buyers do worry that prices and interest rates could edge up in the spring. So home buyers are looking in October and will be looking in November, December and January too. But a well prepared home seller might not have to wait that long. In the past few weeks, homes that I have listed received offers within days of hitting the market. Pricing and preparation were key to getting the quick offers. These are not flukes either. I have seen many well priced listings fly off the MLS in October.

Quick Staging Tips for Selling Your Home this Fall:

  1. Rake leaves and clean gutters—Unfortunately, this may need to be done daily if you are getting lots of showings. But buyers cannot assess the condition of the lawn, sidewalk and roof if it is covered with leaves.
  2. Heat up cinnamon sticks—Put a few cinnamon sticks in a pan on the stove or in a microwave dish with water just before a showing so it smells like an autumn festival!
  3. Turn on the gas fireplace—If you've got it, flaunt it! A crackling fire adds ambiance and makes a house feel like home!
  4. Pumpkins and mums—Accent the entry with a pumpkin, colorful mum or other fall décor to give seasonal curb appeal.
Posted by

Teri Eckholm. REALTOR with RE/MAX Specialists, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2014 www.terieckholm.com

 

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  1. Ginger Harper 10/22/2012 01:14 PM
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Topic:
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Minnesota Anoka County
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Tags:
sell mn home quick
fall homeselling tips
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best time of year to sell a home
best minnesota realtor
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Comments 23 New Comment

Show All Comments
Rainer
32,319
Glenn Gurvitch
My Area Realty

Great post, couldn't agree more!!

October 21, 2012 06:20 PM
Ambassador
625,591
Doug Rogers
Your Pineville Louisiana Agent
Bayou Properties Realty

We have VERY limited inventory in certain price ranges. Go on the market now and likely sell quickly, or wait until Spring and blend with the crowd.

October 21, 2012 06:44 PM
Rainmaker
1,033,780
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group

Teri -- you raise a lot of great points.  I think this quote says it all

"... a well prepared home seller might not have to wait that long. In the past few weeks, homes that I have listed received offers within days of hitting the market. Pricing and preparation were key to getting the quick offers."

October 21, 2012 07:38 PM
Ambassador
1,289,525
Praful Thakkar
Andover, MA: Andover Luxury Homes For Sale
Keller Williams Realty

Teri, sometimes I just wonder why people have misconception that the homes can be sold only in Spring, Summer and to an extent in Fall!

It will be easier for me to show this to couple of my sellers and ...hope to get listing NOW! Thanks for great post.

October 21, 2012 07:55 PM
Rainmaker
119,742
Chuck Mixon
Cutler Bay Specialist, GRI, CDPE, BPOR
The Keyes Company

you brought out some very good points, Great post.

October 21, 2012 09:09 PM
Rainmaker
450,277
Andrea Bedard
M.A.; REALTOR Silver Spring, MD and beyond
Thompson Company Realtors

Hi Teri, I had a hard time trying to find suitable homes to show to my buyers last winter, the inventory was so low and I'm already starting to see the same thing happening. This season is truly one to shine for sellers, with the right preparation and marketing, it can turn into a happy selling season - the buyers are out there!

I especially love your 2nd tip!

October 21, 2012 09:29 PM
Rainmaker
996,054
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

Teri, the Fall is a good time to sell, and THIS Fall is an even better time to sell.  Fewer homes on the market, and that is an advantage for the seller.

Also, your four staging tips make a lot of sense.

October 21, 2012 09:34 PM
Ambassador
1,432,579
Jennifer Fivelsdal
Mid Hudson Valley real estate connection
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

Teri  A timely answer to a frequently asked question, this is certainly a good time to sell, less competition.

October 21, 2012 10:24 PM
Ambassador
1,265,356
William Johnson
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
RE/MAX Associates

Hi Teri, This is an excellent post and I was going to suggest it, " Too late". With so little inventory, lots of properties that might be scheduled for Spring would do well being brought to market now. 

October 21, 2012 10:51 PM
Ambassador
1,094,065
Michelle Carr-Crowe Just Call 408-252-8900 Luxury Homes in Top Silicon Valley Schools-San Jose, Cupertino, Saratoga & Palo Alto
Family Helping Families Buy & Sell Homes 40+ Years
Just Call 408-252-8900 Lynbrook Homes Cupertino KW
This is so true. I am encouraging people so now also.
October 21, 2012 11:25 PM
Ambassador
1,440,489
Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Teri  The old story in the Fall "wait for Spring" to list your home does not apply when there is an inventory shortage

October 22, 2012 05:38 AM
Rainmaker
891,596
Michael Setunsky
Your Commercial Real Estate Link to Northern VA
Michael's Commercial LLC

Teri, sellers need to realize that in order to maximize exposure they should not wait until Spring to list.

October 22, 2012 06:35 AM
Ambassador
671,201
Karen Crowson
Livermore Wine Country Homes
Alain Pinel Realtors, Pleasanton, CA

Yes please. We're still dealing with multiple offers. Not all buyers want to play in that arena. When they have a bit more to choose from, they're more likely they are to actually purchase, not just offer on a house. If everyone waits till spring, they're apt to have more competition.

October 22, 2012 08:30 AM
Rainmaker
192,181
Brian Kuhns
Fort Wayne Real Estate by Brian Kuhns
Coldwell Banker Roth Wehrly Graber

Buyers who are ready have picked through the low inventory that's out there and are ready to take advantage of these interest rates...who knows what they'll be next spring. I agree, if you can and are ready put your house on the market now

October 22, 2012 09:58 AM
Rainmaker
604,403
Teri Eckholm
Acreage & Lakeshore REALTOR Minneapolis St Paul
REMAX Specialists

June--Thanks! There really isn't a whole lot of attractive homes right now so any traditional seller can stand out this fall!

Jane--Surprisingly over the past couple of years we have had wimpy winters with little snow so there has been a trend for year round sales...this year with the lack of inventory, it can really pay to list your home now!

Pippa--I too have a few buyers just waiting for that perfect home to list!

Glenn--Thanks!! I appreciate it. :)

Doug--Blend or get lost in the crowd in spring...or stand out now. Exactly!

October 22, 2012 11:47 AM
Rainmaker
604,403
Teri Eckholm
Acreage & Lakeshore REALTOR Minneapolis St Paul
REMAX Specialists

Joan--Thanks Joan!

Praful--Let them know that my clients that listed now received offers in days! Price it right and get it ready, it has a good chance of selling!

Andrea--Cinnamon makes a house smell wonderful! And yes, tough to find a perfect home when there are none to look at over the winter.

Chuck--Thanks!

Karen--Low inventory seems to be a nationwide trend...Glad you liked the tips too!

October 22, 2012 11:51 AM
Rainmaker
604,403
Teri Eckholm
Acreage & Lakeshore REALTOR Minneapolis St Paul
REMAX Specialists

Jennifer--I hear this question every fall but this year the answer really rings true. If you can list and are ready to move, do it!

William--Thanks!! Yes, list now and have better odds of being a stand out!

Michelle--Wise advice! :)

Karen K--Exactly!

Michael--I agree and wanted to get the word out...list now, there is a good demand!

Karen C--Multiple offers here too...expecially on entry level homes. There is a strong demand and low inventory!

Brian--Yup! And buyers really do want something new to see. If they see what they like, most are ready to write up an offer too.

October 22, 2012 11:58 AM
Rainmaker
538,148
Ginger Harper
Your Southport~Oak Island Agent!
Coldwell Banker Sea Coast Advantage

This is so true if you are in a hot area of the country. Right now, our inventory is still high and the demand is still low. I think mainly because we are in a coastal community with 2nd homes and vacation home..  But the market is inching its way back.

October 22, 2012 01:15 PM
Rainmaker
624,561
Wayne and Jean Marie Zuhl
The Last Names You'll Ever Need in Real Estate
Hallmark Realtors

Hi Teri - good advice. Our inventory is dropping but the buyers are still anxious to grab up the great deals!

October 22, 2012 01:36 PM
Rainmaker
604,403
Teri Eckholm
Acreage & Lakeshore REALTOR Minneapolis St Paul
REMAX Specialists

Ginger--My market is the Minneapolis/St Paul area and our inventory of good well priced homes by traditional sellers is nearly gone. Expecially in lower price points. Not true about cabins in northern MN but they started to sell again with the lower interest rates. We are seeing many multiple offers on homes again too!

Wayne & Jean Marie--Exactly! Lots of anxious buyers wanting to take advantage of the lower interest rates if they can find a home!

October 22, 2012 02:22 PM
Show All Comments
Rainmaker
604,403

Teri Eckholm

Acreage & Lakeshore REALTOR Minneapolis St Paul
Looking to buy or sell in the Twin Cities? Contact Me Today!
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