ARTICLES

Selling a Home in a Subzero Market

The conventional wisdom has long held that real estate is among the safest investments that a savvy individual or entity can make. Despite the tendency of a neighborhood’s desirability to fluctuate somewhat over time, the effectively finite supply of land in a particular area makes it almost inevitable that the value of a well-maintained property in a decent neighborhood will increase.

Across the country, many markets experienced tremendous price inflation over the first several years of the current century. Aggressive speculation only served to heighten the effects of this upward pressure, and eventually the train went off the tracks.

If you are looking to sell a home that your company owns as an investment property, contact the experienced Minneapolis business lawyers of Skjold ▪ Barthel, P.A. at 612-746-2560. We can help you to evaluate the terms of any purchasing agreements or other documents associated with the sale of the property to ensure that your interests are adequately represented.

Minor Risks, Major Rewards

Although there are some signs that the frozen real estate market may be thawing a bit, it is still important for sellers to do everything that they can to present their property as positively as possible. The longer a home sits unsold, the longer it acts as a drain on your company’s financial resources without offering any counterbalancing reward. A few helpful hints to prepare the way for a relatively quick sale:

• Price reasonably – while you don’t want to give the home away, it’s important to measure it against other current prices rather than the price at which you purchased it
• Deal with damage – if the property has been in the hands of renters, there may be more than the usual signs of wear and tear; it’s too much to expect a buyer to see past them, so it’s likely worth your money to spruce up the place
• Curb appeal matters – do your best to ensure that the lawn and other foliage are properly maintained so the house looks lively and not abandoned
• Set your staging to stun – it may be beneficial to stage the home so that buyers can view it as a place to live, bearing in mind that the décor should match the price range and should not be too bold

Contact Us

A successful sale means cash into your pocket instead of out. Contact the Minneapolis real estate lawyers of Skjold ▪ Barthel, P.A. at 612-746-2560.