Hello Newbie Buyer,
It is a challenging market to sell your home, but the upside is that you are also buying in this market. Within St. Paul there are some areas that are holding their values while in other areas, average sale prices are down considerably. That being said, with the Fed dropping interest rates again, there are buyers out there and homes are selling. I have been working with a buyer for St Paul and 2 out of the 7 homes that we wanted to set up a showing were already sold.
There is another option that you might want to consider and that would be renting out your smaller home in St. Paul and when the market improves a few years from now, you could put it on the market then. In addition to working with buyers and sellers, our team specializes in Investment Properties, which means I can provide you with guidance and information on what it takes to successfully rent your home. We are holding a Tenants 101 Seminar at the beginning of April. If you are interested in more information about this seminar, or would like to have a free no-obligation market analysis of your home, please let me know.
Rochelle Ann Allison
Keller Williams Premier Realty