On my way home to Texas from Minnesota
It's been a fabulous 4 days in the cool of Minnesota! I came because my daughter had a baby shower yesterday, and I sure didn't want to miss that.
They'll be leaving Rochester this summer after 5 years in training at Mayo Clinic. A hot topic of conversation during my visit was the marketing plan for their home. I've referred them to a local Realtor who will no doubt have better advice for them than I do, but some things like staging are universal.
We've also talked about, pricing, when to put it on the market, competition, days on market, and the general process of selling a home. It's a somewhat unique community in that the medical residents will all start selling their homes, and newcomers will start buying, after the "match" takes place in March. That's when the new medical residents know for sure which program they've been matched to across the nation. According to one local Realtor, the timing with that is everything. If you list too soon, you've set the bar for your competition to under price you with theirs by a little. Wait too long and you've missed the window when the new residents are shopping online in anticipation of their trip to town to buy.
With 5 years in their present home, they've been evaluating what needs upgrading on a limited budget and what they can expect in profit/loss. I find it interesting that this community seems to hold it's own against the general fluctuation of the market because of the annual influx/exit of the residents.
Along with the cool weather, new grandbaby on the way, what's left of the colorful leaves, Trader Joe's, the Mall of America, and Mayo's wonderful gym facilities, it was fun to explore a different real estate market. A good trip!