7 min read Mar 05, 2024

How to Sell My House Fast in Minneapolis, MN in 2024?

32.7% of homes in Minneapolis were sold above the list price in Q4 of 2023. Additionally, the number of houses sold rose to 395. If you list your house now, you have a better chance of getting it sold quickly at a good price.

For a quick sale, choosing the right strategy in the City of Lakes is crucial, be it listing on the MLS or selling for cash. Your goal should be to minimize the days on market without losing thousands in your hard-earned equity.

3 Powerful Tips to Sell Fast 🚀

  • In September 2023, 34.1% of Americans sold homes for cash, the highest ever since 2014. Cash buyers ensure a swift sale of your property.
  • An MLS listing provides you with maximum exposure and competitive offers. Houzeo.com is the fastest way to list on your local Minneapolis MLS.
  • FSBO websites empower you to sell your home yourself without the hassle of any real estate agents. Most FSBO homes sell in just 2 weeks.

4 Options to Sell Your Home Fast in Minneapolis

Here are 4 ways you can sell your house quickly in Minneapolis:

1. List on MLS

The Multiple Listing Service (MLS) can get you top dollar for your property. According to Bright MLS, you can sell your house fast and for 17.5% more than off-market homes if you list it on the MLS.

A Flat Fee MLS listing service in Minneapolis typically costs about $399, and your listing will be live on the platform in 24 hours. You can also look forward to all-cash offers and a hassle-free sale without the burden of steep agent commissions.

2. Sell to a “We Buy Houses for Cash” Company

“We Buy Homes for Cash” companies give you instant cash offers and typically close within 10 to 15 days. They allow you to sell your house as is in Minneapolis, and save you thousands of dollars in repair costs.

However, these companies give you only 30% to 70% of your home’s market value.

3. List With a Realtor

Realtors in Minneapolis have the expertise to sell your property fast. They help you conduct showings, negotiate offers, and complete all the paperwork until closing. In exchange, you pay them a steep 5% to 6% of the home sale price as a commission.

4. Sell For Sale By Owner

FSBO websites in Minnesota let you list your property without paying any commission. However, you need to conduct market research, advertise your property, and draw up a FSBO contract yourself. Moreover, you may not be able to sell your home quickly due to zero MLS exposure.

    🚨iBuyers May Drain Your Equity: While once a viable option, iBuyers have now either shut down or suffered massive financial losses. Our analysis suggests that iBuyers will offer much less than Fair Market Value for your home in 2024.

6 Tips on How to Sell a House Faster in Minneapolis

Here are a few tips and tricks to help you sell your home faster:

1. Pick the Right Time to Sell

It’s important to choose the right time to get your house sold faster. In a buyer’s market, homes take longer to sell. On the other hand, homes sell faster and for a higher asking price in a seller’s market.

» Minnesota Real Estate Market: Read what 2024 has in store for the Gopher State!

2. Hire a Professional Home Stager

Home staging largely involves cleaning, rearranging, and renting furniture. It also uses other aesthetic tactics to make your home visually appealing. A staged home can get you 1% to 5% more money than the asking price.

3. Improve Curb Appeal

It’s advisable to enhance the exterior of a home through design elements, upgrades, and maintenance efforts. Curb appeal also helps to increase your property’s value.

4. Offer to Pay Repair Costs

If your property has minor damages, you can repair them before accepting an offer. This saves you time on negotiations and helps you sell your home fast. Alternatively, you can sell your house “as-is” to cash buyers and skip repair costs altogether.

5. Offer Seller Credit

Seller credit is a buyer’s closing cost that you offer to pay as an incentive. It could cost you an additional 4% to 5% of the final price of your house. Although this Minnesota closing cost is significant, it helps you sell your home quickly.

6. Offer Flexible Move-in and Move-out Dates

If you or your tenant are occupying the property, ensure that you’re ready to move out as soon as possible. If you’re flexible on your move-out, you can offer the buyers a flexible move-in date. This will help you close the deal in a short time.

» Is Burying a Saint Joseph Statue to Sell Your House Fast Worth Trying?

What to Avoid When Selling My House Fast in Minneapolis?

Methods like a short sale or auction help you sell your house, but not quickly. The time these methods take to close ranges between a few days to a few months.

  • Short Sale: In a short sale, the lender agrees to the home sale to recover their outstanding mortgage. This process can take up to 6 months to close.
  • Auction: You have zero control over your home sale in an auction, and it fetches less than its market value. Moreover, no MLS exposure can translate to a longer selling duration.

It’s easy to sell your house fast without any pitfalls! Subscribe to our newsletter for expert tips to speed up your Minneapolis home sale.

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Top 3 Companies to Sell Your House Fast in Minneapolis

  1. Houzeo.com: Houzeo is America’s most advanced real estate marketplace. If you list on Houzeo, your listing gets exposed to all potential buyers via the MLS. This makes it the best option to sell your house fast for multiple offers.
  2. Opendoor: You can close on your home’s sale in 10 to 15 days. However, Opendoor’s service fees can be as high as 5% of your home’s sale price.
  3. Minneapolis Cash Home Buyers: They make free, no-obligation cash offers within 2 days. However, you’ll probably get only 70% of your property’s Fair Market Value.

How Do I Sell My House Fast Minneapolis?

The fastest way to sell your home for full price is to list it on MLS in Minnesota. This provides you with maximum exposure and multiple offers. You can close the deal on your terms, whether you decide on a quick house sale or wait for better offers.

However, you have to hire an agent and pay a 6% commission to get on the MLS. But with Houzeo, you skip the listing agent commission. Instead, you pay a one-time flat fee for an MLS listing to list your house.

Check out how Houzeo works in this video:

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo technology and MLS exposure.

Frequently Asked Questions

What is the fastest way to sell my house in Minneapolis?

The fastest way to sell a house is by listing it on Houzeo. An MLS listing via Houzeo will get you maximum exposure to home buyers, including cash buyers. List now!

How fast can I sell my house in Minneapolis?

You can sell your house quickly in Minneapolis within 2 to 3 weeks if you list it on MLS and mark your property as "cash only." That way, cash home buyers can offer instant cash for your home and help you sell fast.

How do I sell my home fast for cash in Minnesota?

You can sell your home fast and for top dollar by listing on the MLS in Minnesota via a cash marketplace like Houzeo. Other options to sell fast for cash are selling your home to iBuyer or to "we buy houses for cash" companies.

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