You don’t just want to sell your home. You also want to do it quickly! Less time on the market means less inconvenience, less property taxes to pay, and less waiting to take the next step in your life. Naturally, a shorter listing period means faster payment as well.
It doesn’t take all that long to sell a home, in the grand scheme of things. Listings that sold in Becker County, MN during May 2024 spent a median of 55 days on the market. That’s not counting the closing period, which lasts an average of 44 days; just shy of 100 days, total.
Does that still sound like too long to wait from listing until closing? Then we have great news: You can greatly increase your chance of selling your Detroit Lakes home quickly. You just have to follow a few hot Realtor tips!
List During Summer
More specifically, list your home for sale during June or July. Homes sell fastest during these months for a few reasons. Families are eager to get settled before the new school year starts. Summer is a popular time of year to move, and prospective buyers are aware that they’re competing against one another for limited inventory. Homes also have better curb appeal when the weather’s nice (go figure), which excites and motivates buyers.
List on a Thursday
One out of five houses are listed on a Thursday nationwide. In some markets, it’s one out of three. This is not some freak coincidence. Market data clearly show that homes listed on Thursdays go pending faster than homes listed on any other day of the week. This is largely because real estate agents are busiest during Fridays and Saturdays, and therefore have more time to commit to new listings on other days of the week. Furthermore, a large number of homebuyers schedule weekend showings. By putting your listing in front of them first, it’s more likely to make a bigger impression.
Sell As-Is
If you want to sell your home for the highest price the market has to offer, then it’s advisable to make a few choice updates and repairs before listing. But if your primary goal is to close quickly, then you’re better off selling your house as-is. The lower your listing’s price, the higher the chance it will attract cash buyers. Cash buyers aren’t subject to the mortgage underwriting process, which can greatly shorten the time until closing.
Choose an Experienced Realtor
How many listings do you help close in a year? What percentage of your business is home selling? May I have your references? These are just a few of the questions you should ask a Realtor before hiring them as your listing agent. Here is one more: How long have you specialized in my market? The ideal candidate will come to the table with decades of specialized experience under their belt. They’ll know how to market your listing most effectively. They’ll probably already know of multiple prospective buyers before they even list your home for sale. These are just a couple of the advantages you’ll gain by hiring a seasoned local Realtor!
If you’re selling your home in Detroit Lakes, then you’ve already discovered the best local real estate agency. Action Lakes Realty has specialized in Detroit Lakes since 1975, and has multiple agents who know our primary market inside and out. If you’re aiming to sell your home as fast as possible, then your best next step is to contact us today!