Better Management Better Results®
Property Management Icon
Property
Management
Real Estate Sales Icon
REAL ESTATE
SALES
Homes for Rent Icon
SEARCH
RENTALS

33rd Company News

Should I Sell My Home? 2015 Minnesota Twin Cities Real Estate Market Update

Tom Sedlack - Monday, February 9, 2015

 

 

Should I Sell My Home? 2015 Minnesota Twin Cities Real Estate Market Update



Today’s topic on the 33rd Company blog is whether it’s a good time to sell your home in today’s real estate market. If you listen to all the hype in the media and the talk about consumer strength, you’ll think that now is a great time to sell and there’s a lot of money to be made. As a real estate agent, I would love to sell your home right now. However, this is a big decision and there are some factors you should consider before selling.


Time of Purchase


Did you purchase your home at the peak of the market? If so, you might not want to sell it right now because it will be harder to get back what you paid for it. Holding onto it for a little bit longer will allow it to appreciate and you’ll get closer to earning the profit you want when you sell.


Location


The area your home is located in is very important when it comes to deciding whether or not you should sell. Take a look at the local market and get an idea of how much inventory is available. This will have an impact on how quickly you’re able to sell your home and for how much.  


Townhome or Single Family


There are so many townhomes out there on the sales market right now that it might not be a good time to sell, especially if your townhouse is a two bedroom model.


Price


Price has a lot to do with whether or not you should sell. If your property is on the lower end of the pricing scale and valued at $200,000 or $250,000, it might be a good time to sell. If your property is worth more than that, you might want to wait because higher prices are not coming up too far yet.

Yes, the market is exploding and prices are rising. But you want to ask yourself all these questions when you think about selling. Remember that you can’t just pick a price and decide that’s what you’re going to get for the home. It has to be priced for the market and it has to appraise at the right value.


If you have any questions, or need help deciding whether now is a good time to sell your property, please contact us at 33rd Company Property Management.

award winning SERVICE YOU CAN TRUST

Our Award Winning Service Icons