Thinking About Selling Your Fridley Home?

Thinking About Selling Your Fridley Home? 

HomeSellers typically wait to put their home on the market in the spring. We commonly hear Sellers do this because they believe more home Buyers will make a purchase in the spring or summer. This is true to some extent but let’s take a look at a couple of missed details.

More Tire Kickers and Inventory

Home Buyers shopping for a home in a cold January are “Serious Buyers”. They typically do less tire-kicking and have a lower inventory of homes to choose from. When they see something that meets their buying criteria, they make an offer. On the other hand, when Buyers have more time to shop and more inventory to choose from, they commonly wait longer to make an offer. Buyers think their perfect dream home is going to come on the market any day and they wait for it.

Home Sellers are now at a disadvantage “They have more competition” because everyone tends to wait until spring to sell their property. Sellers have to price their home slightly below the competition. The property must offer more amenities, be priced right or their property will sit on the market waiting for the competition to sell first.

The bottom-line, inventory in Fridley and the surrounding cities is extremely low right now and it’s starting to go up. If you’re thinking of selling, start your research now.  Determine if it’s the right time for you. Start by contacting a reputable REALTOR® that knows your neighborhood. Ask them for a “Comparative Market Analysis” (CMA). Most REALTORS® offer this as a FREE
service, so don’t pay for one. An experienced agent should provide you with
detailed information on home sales in your area. This information will be used
to determine what you property will sell for in today’s market. Also, expect
them to provide a marketing plan and give you an itemized “Sellers Net Proceeds Estimate”. This estimate will disclose an itemized list of sales expenses and how much money will be in your pocket after your sale.

Don’t think you have to make repairs or update your home before contacting a REALTOR®, it’s important you contact them first. They can help you determine what to do and most importantly, what NOT to do, to sell your home “Fast and For Top Dollar”.

View the uploaded PDF’s. Inventory is lower than average in Fridley. It’s a perfect time to sell because Supply and Demand will affect home prices. Click here to see some homes for sale in Fridley.

Courtesy of Tim Van Auken – Counselor Realty, Inc. – MN Licensed Broker – Equal Housing Opportunity