- Average Total Closing Costs: ~1%–3% of the sale price (Source: https://www.bankrate.com/real-estate/average-closing-costs/)
- Average Timeline for a Traditional Sale: 90–115 days total (10–12 days prep, 45–60 days on market, 30–45 days closing) (Sources: Zillow, Redfin)
- Disclosure Requirements: Sellers in Minnesota must disclose structural or environmental issues and any other material facts. (Source: https://www.revisor.mn.gov/statutes/cite/513.52)
- Alternatives: As-is and sale-leaseback options are gaining popularity for faster, less disruptive sales.
Selling a home in Minnesota typically takes 90–115 days. Here's the breakdown:
- Preparation: 10–12 days to clean, repair, and stage.
- Days on Market: 45–60 days (Source: Redfin Market Data)
- Closing: Around 30–45 days once under contract.
|
County/Metro |
Market Insights |
|
Hennepin |
Twin Cities market, competitive in spring and summer. |
|
Ramsey |
St. Paul buyers expect energy efficiency. |
|
Dakota |
Suburbs drive family-focused demand. |
|
Anoka |
Balanced market, fewer bidding wars. |
|
Olmsted |
Steady activity, anchored by healthcare economy. |
Use a Comparative Market Analysis (CMA). Pricing too high can lead to extended days on market. Pricing too low may leave money on the table.
Minnesota requires disclosure of structural issues, plumbing/electrical systems, and environmental concerns. Failure to comply may result in legal action. (Source: https://www.revisor.mn.gov/statutes/cite/513.52)
|
Method |
Pros |
Cons |
|
Traditional Sale |
Max exposure; market competition |
~60–90 days total; staging & prep required |
|
Wholesale |
Rapid close (often <30 days); no prep |
Offers may land ~30% below market value |
|
Sale-Leaseback |
Sell as-is, stay in your home, avoid staging/showings |
Requires ≥20% equity to qualify |
Typical seller costs in Minnesota include:
- Agent commissions: ~5–6%
- Title and escrow fees: ~0.5%
- Seller concessions and HOA fees (if applicable)
(Source: https://www.bankrate.com/real-estate/average-closing-costs/)
Sell2Rent offers:
- As-is sale with no showings
- 24-hour cash offer
- Close in as little as 15 days
- Stay as a renter after selling your home
Whether you're aiming for top dollar, a fast sale, or the ability to stay in your home, Minnesota homeowners have options.
Explore traditional, wholesale, or leaseback strategies depending on your financial goals and personal needs.