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Updated over 2 years ago, 05/22/2022
advice on selling my primary residence
Not sure where to post this so I'm posting it here. I own two homes. I am selling my primary resident. Already have it on the market. However per the realtor I'm using the market has really slowed down. I'm in the Minneapolis market. It's an older home and needs new windows for sure. I did recently have new flooring and paint done in the lower level. Thinking of getting the exterior painted also. I'm not in a huge hurry to sell but would like to be out by fall. Would you all recommend putting in another $20K in hopes that in the next 90 days I can recoup that by raising the selling price? I am estimating the updates and staging (I'm going to be moving out in the next 3 months to my other house) will be around $20K , so I'd at least want to raise the price by the cost of the updates. Current list price is $355,000, so I'd be around $375,000 if I wanted to recoup my cost of updating. my gut tells me to update the house and then put it back on the market. But I want to make sure I'm not missing anything. Are there other options I should consider?