The best agents in the Twin Cities know pricing

If you are thinking of selling your Twin Cities home, one of the first questions on your tongue is most likely, what is my property worth in today's market.  Knowing what comparable properties sold for is a great indicator for pricing your home. Commonly, the most challenging aspect of selling a home is listing it at the correct price. When it comes time to price your home, using a skilled real estate agent can really pay off. If the listing price is too high, you’ll miss out on many buyers who are searching in the price range where your home should be. You probably won’t receive as many offers because buyers who would have been interested in your house are scared off by the high price. By the time the price is corrected, you’ve already lost exposure to a large group of potential buyers.  The listing price becomes even trickier to set when prices are quickly rising and falling. An experienced agent will be aware of where and how fast the market is moving, both when setting the price and negotiating an offer.

The price of your home can be determined by an analysis of the following:

  • Sold comparable properties
  • Current listed comparable properties
  • Market conditions
  • Neighborhood analysis
  • Property features

The top listing agents in Minnesota will help you interpret the data

The best real estate agents in the Twin Cities Metro are the agents that are local, knowledgeable, highly rated, and experienced.  These top Realtors will be glad to help you establish the current value of your home in the current Twin Cities Metro. The most experienced and highly rated listing agents will help you analyze all of the homes that are currently on the market and in the same location as yours. Depending on your particular circumstances and how quickly you need or want to sell your home will help us develop the best pricing strategy for you. If you a potential home seller in the Twin Cities who has been waiting for the right time to list your house for sale this might be the time. 

Supply and Demand in Hyper-Local Real Estate Market

It’s all about that wonderful law of supply and demand.  Have an expert listing agent with Remax Results and the Minnesota Property Group help you analyze the supply and demand of the houses in your community, development, city and school district.  The supply and demand for residential real estate in the Twin Cities is constantly changing and the best Realtors in the Twin Cities can help you accurately assess this. 

Interest rates play into a homes' value

Although interest rates are still near record lows, the prediction is that as the year progresses they will become higher.  Many to Realtors and Mortgage Bankers predict rates will top out at 5.1% by the end of the year. The fear of rising rates is creating a sense of urgency with buyers, pushing them off the fence of indecision. If you are a seller the scales are tipping in your favor.

The Twin Cities seller’s market that began in 2014 and is predicted to continue into the early part of this year.  Many market analysts predict that rising interest rates coupled with increased inventories may turn the market in favor of buyers later this year.

 

 

 

 

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From Our Blog
Monday, March 27, 2017

Twin Cities February Housing Market - A Look at the Numbers

Twin Cities Home Sellers Doing the Happy Dance Market snapshot: This is a very difficult market for buyers, especially in the lower price tiers as the theme of low inventory coupled with high demand endures. As inventory levels continue to shrink, ...  Read More