How soon should you call your Realtor if you are looking ahead to buying or selling? | HomesMSP | Real Estate Minneapolis (2024)

If you are thinking about making the call (or text or email), it’s probably time… even if you aren’t planning to actually make the move for another six months or even longer. Sellers should call earlier than buyers, sometimes even a year or more before planning to make the actual move.

The bottom line is, contact your agent whenever you have a question or need some help… that is what we are here for!

SELLERS

Contact us before doing any improvements to sell your home… focus on decluttering, cleaning and basic repairs first, then call your agent before doing anything else. Your Realtor knows your market and can advise you on what changes will have a positive impact for your specific home… what is and isn’t recommended may surprise you. Also start looking online at houses in your area to get an idea of how your competition is preparing, staging and pricing their homes.

Some things you should discuss with your Realtor when you get together at yourhome are…

• Current market,what your house might sell for and your estimated net proceeds…possible variations based on potential impact of improvements you may be considering
• If you will be buying after you sell, what is available for you to buy… maybe make a ‘buying’ tour of homes. Does it financially make sense to make the move? Do you have special requirements with limited property choices so it makes more sense to buy first if you can?
• If you decide to move forward, your Realtor can help youmake decisions on what you should do to make your home have greatest appeal… improvements should match the market for your particular home and neighborhood
• Your Realtor will likely also bring in a stager to help make decisions on things such as paint colors and decor… staging is very different from decorating, and sets the stage so buyers want to picture themselves living in your home
• Ifwhere you liverequires a city inspection before you sell, be sure to have that completed before hiring anyone to come in and do any work… coordinate required repairs to be done at the same time

Stay in touch with your Realtor as you make progress on your plan. The two most difficult parts of getting ready to sell are often… declutter, then declutter again, then declutter again!… and CLEAN, CLEAN, CLEAN every nook and cranny including closets, drawers, cupboards, garage, ceilings and light fixtures, and mostly importantly kitchens and bathrooms.

BUYERS

• Not surprisingly, 93% of Minnesota buyers start looking for homes on the Internet… a good wayto initiate the shift from dream to realityis driving by properties of interest in different neighborhoods to start defining location. Location isso important because that is something you can’t change and it can have a profound impact on how happy you are with your new home.
• After your initial digging, it’s a good idea to contact your Realtor even if you aren’t ready to buy yet. Have them set up an automated MLS search for you of different neighborhoods of interest to get a sense of what kinds of properties are available at what price. Start going to open houses to actually get inside the homes.
• It is a good idea to also contact a lender at this point to help you focus in on price range… and also find out if there are things you can do to assure you get the best interest rate, such as tips to improve your credit score or correct errors on your credit report.
• Once you are about4-6 months from your target closing date it is time to meet with your agent, more clearly define what you are looking for and start actively looking…also get your financing pre-approval. Average time to find a home is about 3 months, plus another 1-2 months from purchase agreement to closing.

Finding the right home is a process, which I find usually starts fairly broad and narrows focus as we start actually looking at properties. Contact us whenever you have any questions about a property or a neighborhood or find a property you simply must see… I usually recommend seeing at least one other property in the neighborhood for comparison with properties in serious consideration.

Sharlene Hensrud, RE/MAX Results Realtor – Email – Minneapolis-St. Paul Buyer’s Agent

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