Tuesday, July 7, 2015

Getting Over 100% Of List Price

The Twin Cities Metro Area is currently boasting a seller's market according to the Minneapolis Area Association of Realtors in their article, Getting Over 100% of Your List Price.  This means that there is low inventory (number of houses on the market) combined with a high demand from buyers.


When it's a seller's market, you tend to see homes sell quickly and for close, or above, list price because of multiple bid offers.  It should be noted that this only happens to homes that are already fairly priced and in pristine selling shape.

If you're ready to put your home up for sale, this news couldn't be better.  But you still need to do your homework.  Location is still the most important factor in pricing and demand for your home.  This means that just because the Twin Cities Area as a whole is pointed towards sellers, your local market (city and neighborhood) may not be.

To ensure that you receive the highest offer for your home, you need to price your home competitively, get your house in great shape, market it well, and listen to all the advice from your realtor.

If you're thinking of selling your home and want to work with trusted and proven realtors who will work hard for you, then consider conctacting Sharla & Eric Stafford of Stafford Family Realtors.  They would love to talk with you about how to achieve the best offer for you home.

Source:  Michelle Schwake for Stafford Family Realtors

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