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February 2023 Real Estate Market Update

8 To-Do’s to Prep Your Home to Sell this Spring

Did you know the month of May has the rep for being the best time of year to sell? The median time it takes for Minnesota homes listed in May to sell is 25 days, which is 15 days faster than the annual average. So, sure. Look towards May. But here’s the thing. It takes more than the right month to get top dollar. It’ll take careful planning and preparation — and that isn’t gonna happen overnight. So…if you’re thinking of selling this spring, here are 8 things you can knock out NOW that will make it all worthwhile before the warm weather hits and buyers start moving!

1) Declutter, donate, and organize your closets, drawers, and attics.

2) Clean out the garage and consider painting the walls and floor.

3) Identify major repairs and make a plan to fix them one by one.

4) Ensure that major appliances are in working condition.

5) Focus painting efforts – think entryway, foyer, kitchen, and bathrooms.

6) Replace your house numbers and mailbox to make it easy for sellers to find your home.

7) Clear out winter debris little by little.

8) Reach out to us if you need help planning for sale! We also offer a list of experienced vendors to help with any potential project or repair you may run into!

Selling your home in 2023? Let’s partner together to maximize your profits. Contact us to get started.

February Real Estate Updates


FEBRUARY MARKET REPORT INSIGHTS
The US housing market began the year in a state of rebalance, with many buyers and sellers remaining cautious while they wait to see where the market is headed. Demand for housing persists, but higher mortgage interest rates have cut into housing affordability. However, mortgage rates did decline steadily throughout January, falling to their lowest level since September, which sparked a recent surge in mortgage demand. Lower rates should aid in affordability and may soon lead to an uptick in market activity ahead of spring selling season.


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