How to Ensure a Quick Sale for Your Home in Eden Prairie

December 27, 2020

How to Ensure a Quick Sale for Your Home in Eden Prairie

Are you ready to sell your house quickly? If you are like most people, you probably answered a resounding—yes! However, how do you go about doing that? Here we are going to give you some tips on how to expedite the home selling process in Eden Prairie, as well as the one thing you can do that, will guarantee a quick sale.

Before we get started, though, let’s look at some Eden Prairie housing market trends.

What’s Trending in the Eden Prairie Housing Market?

The Eden Prairie housing market is extremely competitive. More homes receive multiple offers than those that don’t. And some of those homes also enjoy waived contingencies. Hot homes sell for about 4% more money than their listing price and are under contract in about eight days.

Positive home selling trends include the median sale price of a house in Edin Prairie is around $383,000 which is +14.7% year-over-year. Additionally, there were 123 homes sold which is +39.8% year-over-year. The median days on the market are currently at 18 which is -22.9% year-over-year.

More positive trends include the sale-to-list price is at 100.9% which is +1.6% year-over-year and the number of homes that sold above the list price is at 53.7% which is +50.6% year-over-year. The number of homes that had price drops is extremely low at 13% which is -27.7% year-over-year.

Now, let’s discuss how to sell a house fast.

How to Sell a House Fast in Eden Prairie

If you want to sell house Eden Prairie residents, experts can be your best source of area information. Here is what they recommend for how to sell your Eden Prairie home fast.

  • Find a real estate agent with an exceptional track record, decide to sell the house yourself for sale by owner (FSBO), auction it, or look for other non-traditional methods of selling your home.
  • Put your house on the market only at specific times of the year. Generally, homes sell more slowly between November and February. If you want a quick sale, you will probably need to choose a non-traditional selling option.
  • Determine the pricing for your home according to the current market value based on other comparable homes that have been sold in your area.
  • Pay for professional pictures, list your home on Zillow, and promote your home on social media.
  • Decluttering, depersonalizing, and pack anything you do not have to have or will use in the next few months, then clean everything inside and out and from top to bottom. Rent a storage unit if you need a place to store your packed boxes and oversized furniture.
  • Then do all the repairs, replacements, and have it freshly painted.
  • Hire a stager to stage your home to highlight its best features and make sure there is as much natural light as possible.
  • Address and freshen your home’s curb appeal and schedule some open houses.
  • Then sit back and wait for potential buyers to walk through your home.

There are other things you could do as well. Such as making your home stand out by setting out freshly baked cookies or other niceties that will make a great first impression and help ensure prospective buyers remember your home.

Options for Selling Your Eden Prairie Home

You have several options for home sale. However, not all of them ensure a quick sale. In fact, there is only one method that will ensure the quick sale of your home. More about that in a moment.

Realtor option – this will cost you thousands of dollars in commissions and there is no guarantee that your house will sell quickly.

Selling the house yourself – this option will save you a little money but not as much as you think. This is because you will probably opt to at least pay the buyer’s agent commission; otherwise, most local agents will not show your home to their clients. Additionally, you still must pay closing costs. Therefore, between the commissions, the time, and loads of extra work on your part, you still might not sell your house quickly and you are not likely to receive the sales price you’d hoped.

Auction – you could sell your house at an auction, but most people buying from an auction expect to pay bottom prices. That means you will probably get a lot less than you anticipate selling your home at an auction.

What other options are left?

Selling your house to an investor – this option is your absolute best bet for selling your house quickly and without all the hassle of selling it traditionally.

But wait…won’t an investor pay me a lot less than selling my house traditionally?

Not necessarily, but it is important that you find the right investor. One that will take the time to look at your house and perform enough due diligence to price it accordingly. Most investors ask for your address then run it through a database to generate an offer. That does not give anyone enough information to price your house fairly. Therefore, it is best to avoid those types of investors; otherwise, you will get a lowball offer.

How to Judge a Fair All-Cash Offer

If you want to determine what is a fair offer from an investor there are several factors to consider. You need to tally all the costs involved if you were to sell your house traditionally. For example, Realtor commissions, repairs, replacements, fresh landscaping, and other curb appeal items, paint, staging, cleaning supplies, marketing materials, and any other costs related to the sale of your home.

Tally all those costs then add them to your investor’s offer while leaving a little room for the investor to make a profit. Next, factor in what your time and sanity are worth. Then use that information to determine whether you feel you’ve received a fair offer.

Also, don’t forget, that when you sell your home to an investor, you won’t have to do any repairs, replacements, cleaning, no showings, no nothing. An investor will buy your house As-Is.

What’s Next?

Would you like some information about selling your house without a Realtor and without having to do it all yourself for a quick turnaround? If so, we can help. Please Contact OneStep Offer today. We will answer all your questions. Then, if you would like, we will provide you with a fair, all-cash offer on your home. This is a simple, quick, no-obligation, hassle-free way to sell your home without all the time-consuming protocols of selling your home the traditional way.