Matt Tepp

Matt joined us in June and runs all things marketing. He graduated from the University of North Dakota in December of 2017 with a major in strategic communication and a minor in psychology. In his free time he likes to golf to with his dad, workout at the local gym, and watch sports. He is active in the Make a Wish Minnesota Organization.

Avatar

Which Option Works Best For You When You Want To Sell Your Home?

When selling a house in the Twin City area, most people immediately think about hiring an agent and listing the property on the MLS. This is a great solution for many people, however, you should know there are other options available to you. There are many ways to sell a house! Consider your options to discover which selling method is right for you and your situation!

Sell Directly to A Professional Home Buyer

You can sell your house without using an agent, ultimately saving a ton of time and money depending on the situation. Minnesota Home Guys is a company that will buy your house using a straight-forward and simple process. With a direct sale, you won’t have to worry about commission, repairs, cleaning-up or waiting for a buyer to come along. You will immediately know the amount you are receiving as well as the closing date so you aren’t left in limbo, wondering when your house will sell.

Direct sales are becoming increasingly popular, however, not all buyers are the same. Make sure you do your homework on both the local market and the buyer you are working with. A direct sale may not offer full price, but for some people, the amount saved on repairs and wasted time more than makes up for the difference in price.

List Your Home With An Experienced Agent

Of course, listing your house is an option. Take the time to learn about everything that is involved and what will be expected of you. No two agents work exactly the same and there are no guarantees. Your property can be listed for any price, but there is no guarantee you will receive it. Watch out for agents who try to “wow” you with a high listing price. If it’s priced too high, it will likely sit on the market, possibly for months at a time. You will inevitably have to lower the price, while your property drops down the list of homes available on the MLS. If you decide to list, make sure your agent prices your home to sell. Not just setting a high price to convince you to sign a listing agreement.

Offer Seller Financing

This can work for some people who don’t need the cash from the home immediately. You can elect to carry the note setting up a “rent-to-own” structure. Your tenant will “rent” the property at a higher than average price, with some of the money going toward a down payment on the home. They will then have the option to buy the property outright at the end of a certain period of time, typically around 2 years.

Consider Your Other Options

If selling simply isn’t in the cards and you need to move, there are other options. You can rent the house out as either a short or long term rental. The trouble with this can be finding great tenants and retaining them for as long as possible. Renters can be quite nomadic, and tenant turnover can cost you dearly. If you haven’t done this in the past, consider hiring a property manager to help you keep everything in order.

Do you want to sell your house in the Twin City area? Find out what we can do for you! Send us a message or give us a call today! (952) 649-3200

Just How Much Will Listing Your House Cost You?

The price to sell a house in Minneapolis can fluctuate greatly. It all comes down to the house itself, the needed repairs, the location, etc. Each agent will work a bit differently. Some will charge you for things, while others are “all-inclusive.” Before you commit to an agreement, find out what listing your house in Minneapolis will really cost you!

Upfront Costs

Cleaning

To create an environment that is appealing and welcoming, you will want to make sure the house is clean. You can do a good job yourself, but bringing in a professional to do a thorough cleaning of the house from top to bottom, can make the whole house look different. If you aren’t replacing the carpets or flooring, you will want to pay to have a professional clean those as well. Don’t neglect the outside. If you have a second story, it might pay off to hire a pro to come wash your windows!

Storage

Packing away all of your unnecessary items can be time consuming and just a pain. Personal possessions and clutter will not appeal to potential buyers. Having your items stored away will allow buyers a chance to envision themselves in the house. However, depending on how much you have, you may need to rent an offsite storage space or pod to hold your items, costing you money until you can move into your new home.

Repairs & Upgrades

Fixing and painting walls, replacing cracked tiles and smoothing floorboards are just the start of what may be a lengthy repair process when getting your home prepared to sell. You might also take this opportunity to make minor upgrades such as new fixtures or hardware. Spending money on these things can help improve the value of your home. You just need to be comfortable paying up front.

Landscaping

The front yard is the first thing people see. First impressions are everything when it comes to showings. If potential buyers pull into the driveway and see an ugly yard, it will leave a sour taste in their mouth before they even step into the door. Adding plants, flowers, new doors or fencing can help add a little curb appeal to your property.

While The House Is Listed

While the property is on the market, you will still find yourself paying to have it for sale. There are many expenses you will be paying during this time that you could avoid with a fast and direct sale upfront.

Monthly Costs

Even if you have moved out of the house, you still need to keep the water and electricity on for people viewing the home. You will also have to continue paying the homeowner’s insurance and property taxes up until the day of closing. You will also need to continue taking care of the cleaning and routine maintenance of the home. With many properties sitting on the market then having to go through escrow, it could be months until the house has officially closed. During this time, you could be out thousands of dollars you could have otherwise kept in your pocket.

Marketing

Professional photos, including drone shots that capture the home from all angles can be even more money out of your pocket. To successfully list your house, you will want to ensure there are great listings and great photography of the home. You will also need to stay on top of your agent marketing wise. Are they posting the listing on social media? In the papers? In real estate groups? Some agents are great when it comes to marketing, but you need to make sure they are posting your listing on every avenue possible to get the word out.

After An Offer Has Been Made

Once an offer has been made, and accepted, you will still be responsible for the insurance, utilities, and taxes up until the day of closing. Depending on the lender this could add several weeks to your time-frame. In turn, adding more money you are paying to own the home. Most offers are contingent on an inspection and appraisal process. You can avoid the below costs with a direct offer from a company who purchases as-is.

Negotiated Repairs

An inspection is required before the house and sold and if there is a major problem with the house, the potential buyer will likely request it be fixed before going through with the sale. (The bank isn’t likely to fund a loan for a damaged property either.) If your buyer decides to rescind the offer, you will need to disclose the needed repair to all potential buyers going forward.

At The Closing Table

Commissions

Once you are signing final sale paperwork, it is also time to sign over a check to your agent. This will typically run about 6% of the final sale price of the home.

Closing Costs

Many additional fees are lumped together as closing costs. These include document filing, title search fees, credit check costs, transfer taxes, property taxes and more. On average, this will run you another 2% of your final sale price.

Once you add up all the costs, you can see that listing may not be right for every property. Many people find greater benefits by choosing a direct sale! Run the numbers for yourself, and make the decision that works best for you!

Interested in selling without the traditional listing costs? We can help! Send us a message or give us a call today! (952) 649-3200

Charity Spotlight: Military Warriors Support Foundation

 

For the month of January, Minnesota Home of Guys has chosen to donate 5% of all closing costs in every deal we make to the Military Warriors Support Foundation. The Military Warriors Support Foundation is a non-profit charity found by LTG. Their mission is to provide support and programs that facilitate a smooth and successful transition for our wounded heroes and Gold Star families. While it can be a difficult process for many, the Military Warriors Support Foundation offers a wide variety of programs that focus on things such as housing and homeownership, employment, recreational activities, and transportation assistance.

Through their Home4WoundedHeroes program, the foundation awards 100% mortgage-free homes to combat wounded veterans and Gold Star spouses of heroes who have fallen in combat. Also, each family receives three years of family and financial mentoring so that they can learn the skills necessary to become successful homeowners

Their Skills4Life program the foundation offers different recreational programs such as golf outings, as well as hunting and fishing trips. This program gives families an opportunity to bond and develop relationships with mentors and fellow heroes in the great outdoors.

Being in the real estate industry, this really hits home to us and we couldn’t be happier to back a foundation that gives homes to our nation’s heroes. With one of our owners, James Kolde spending time overseas in Iraq and Afghanistan as a civilian firefighter our goal is to give back to those that make the ultimate sacrifice for our country. If you would like to make a donation to the foundation, or learn more about it and how you can get involved, please head over to militarywarriors.org.

 

Charity Spotlight – The Wounded Warrior Project

Minnesota Home Guys is pleased to announce our charity for the month of September in our spotlight series, where we take 5% of closing costs in every deal we make each month and donate it to a charity that hits close to home with us.

For the month of September we have chosen the Wounded Warrior Project, a national organization that supports injured veterans. Whether they be physical or mental injuries, the Wounded Warrior Project offers the help our veterans deserve. According to woundwarriorproject.org, every warrior has unique challenges and goals which is why they offer a variety of veteran programs and services to help warriors take the steps they need to get better, free of charge.

Services the Wounded Warrior Project Offers:

There are 5 major categories of services that they provide; get connected, mental wellness, physical wellness, career and VA benefits counseling, and personal independence. Get connected is a networking program that allows veterans to join different community programs. The mental wellness program allows veterans to join interactive therapy programs for issues such as PTSD. According to the Wounded Warrior Project they have provided 42,000 hours of intensive outpatient care and therapy sessions. The physical wellness program gives warriors an extra boost at getting back into shape after an injury in the line of duty may have created a setback.

The career and VA benefits counseling program allows warriors an opportunity to learn what benefits they receive and helps them pinpoint a career path that fits their needs. The personal independence program is designed to help warriors suffering from moderate-to-severe brain injury, spinal cord injury, or neurological conditions take positive steps towards independent living. Services in this program include social and recreational, wellness, volunteer week, education, as well as other life skills.

How you can help:

James Kolde, one of Minnesota Home Guys founders and owners was a civilian firefighter at Camp Dwyer in Afghanistan where he built connections with veterans and is why the Wounded Warrior Project means a lot to him and our company. If you are interested in joining our initiative to raise money this month you can head over to https://www.woundedwarriorproject.org/donate to sign up for a one time, monthly, or an honor and memorial donation!  

Dedicated Professionals Using Our Simply Sold Process:

Minnesota Home Guys is dedicated to making sure our cash offer process is as quick and easy for everyone we encounter. Whether it’s outlining our process clearly, having a one page purchase agreement, allowing you to leave whatever you want behind, to closing in 3-7 days, we want to make your life a little easier when it comes to selling your home.

We pride ourselves when we hear stories in regards to our process, hearing the story from Holly, who sold us her house in Minneapolis really touched us. “I want to say thank you so much for what you both did helping everyone who is helpless and hopeless, you both helped me to sell my house.” Helping people like Holly is what we strive to do, we want to help people who are in a wide variety of different situations, get them the help they need, and take that burden of selling their home off their chest. “I will always share to everyone about how your business is the BEST!” If you’re feeling overwhelmed by the process of selling your home or just want to learn more about what we offer please feel free to reach out to us at (952) 649-3200 any time and we’ll help anyway we can!

Charity Spotlight Series – Make a Wish

Minnesota Home Guys is pleased to announce our charity for the month of August in our spotlight series, where we take 5% of closing costs in every deal we make each month and donate it to a charity that hits close to home with us.

For the month of August  we are spotlighting the Make a Wish Minnesota organization located in right here in the Twin Cities. Make a Wish Minnesota is an organization that grants children with critical illnesses wishes. Wishes can vary from going deep sea fishing, to meeting a famous athlete or celebrity, or just having a shopping spree at the Mall of America.

The Make a Wish founding principle of their vision is to grant a wish for every eligible child.  Wishes are more than a nice thing, they impact everyone involved, from the volunteers, administrators, to of course the wish kids, the impact varies and granting a wish for any child may help them get the courage to comply with their medical treatments and help parents feel a little more optimistic. The most important part is it just lets the kids be a kid, even if it is just for a day or week.

This charity hits close to home with our company with one of our own, Matt, who is a volunteer within the organization. Matt started volunteering for Make a Wish in June where he is a shopping spree assistant, helping visiting families navigate throughout the Mall of America when they come to town for their wishes of having a shopping spree there. Matt, as well as our director of finance, Heather, participated in the “Walk for Wishes” 5K event on August 4th at Minnehaha Park in Minneapolis.

Want to get involved with Make a Wish and/or want to donate? Please head over to mn.wish.org to learn more about volunteer opportunities, or to donate. Stay tuned for our announcement on our website for our next charity on September 1st.

Dale Helm
Dale Helm
12:55 08 Jan 18
I highly recommend the Home Guys if you are looking to sell your home. The process was very streamlined, transparent, and straight forward. I worked directly with James whom I found to be a very honest, caring, and ethical businessman.James truly cared about our needs and listened to our concerns. Because of James our dream of a new home became a reality. A huge selling point for us was the fact that this transaction could occur far faster than a normal one, without realtor fees, closing costs, or the typical red tape.We had never done this kind of thing (selling to a home improvement company) but now that we have - we are really glad we did. It was the right move for our situation. If you are considering selling your home to a home improvement company (flipper) I do not think you will find a better one than the Home Guys - I give them the highest of ratings.
Dana Rankin
Dana Rankin
22:22 23 Sep 18
Great team awesome company!
Julie Amber Gianera
Julie Amber Gianera
15:20 14 Jan 18
Easy, easy, easy! I highly recommend MN Home Guys and would absolutely use them again. It was about two weeks from first contact to close, and then closing only took 15 minutes. Great company, wonderful service.
Brian Tucker
Brian Tucker
20:30 09 Jan 18
Easy to work with, very reasonable offer for my property, easy closing. Great doing business with them!
Brent Brent
Brent Brent
09:25 10 Jun 17
I contacted to Minnesota Home Guys to purchase our first home and really can’t say enough about them. They are knowledgeable, approachable and very professional. Buying a home in this market is challenging, but working with Minnesota Home Guys made it as painless and straightforward as possible. I would highly recommend them.
Grant Jones
Grant Jones
10:11 03 Jun 17
One of the best and fast services provider. They provided me a fair price for my house. I am totally satisfied. Thank you!
See All Reviews
Scroll to Top