iCrowdNewswire Nov 25, 2020 11:09 AM ET
There is never a bad time to sell a house in Denver—why would there be? Denver has great weather all year round, some of the most beautiful beaches in the country, and a unique sense of community. Location aside, the red-hot housing market in Denver lets a homeowner sell at almost any time of year.
Housing inventory is low, and there is a consistent demand for real estate in almost every part of the city so you’ll probably be able to sell your home well above market value.
Pricing is at an all-time high in Denver. The market has seen a complete recovery since the crash of 2008 with no sign of slowing down. Recently the average sales price for a house in Denver is over $600,000.
Denver homes are in high demand, and we can give you the best pro tips and tools to sell your house fast at the most lucrative price. The iron is hot, and all you need to do is strike with the best hammer.
Buyers Love “Alternative Neighborhoods”
When you begin to think about selling your home in Denver, you need to know who you are selling to, and where this population is looking to buy a new home.
Millennials are finally making their way into the housing market nation-wide as first-time homebuyers.
34 percent of all homebuyers were buying their first home, most of whom are in the Millennial generation. This demographic is getting older, settling down, and looking to invest in real estate, but they are also looking to invest in a part of Denver that won’t break the bank. Therefore, neighborhoods that have had historically low property values have become increasingly popular.
Did you know less than 10 years ago houses in Montbello, a neighborhood on the north eastern side of Denver could be bought for $50,000. Today it is hard to find a house in Montbello for less than $350,000.
This new generation of homebuyers cannot afford homes in Central or Western Denver. Neighborhoods like Lakewood, Sunnyside, or Sloans Lake are much higher again.
Denver real estate investor Shaun M has noticed this trend. “I see some stuff that blows my mind…I see some areas like Montbello and Green Valley Ranch exploding. Many people in Denver don’t even know where that is. They have seen a huge increase in value mainly because of the affordability in that area. So people that have been pushed out of the downtown areas of Denver or the West Side in general…you have a bunch of young people coming in there and making the houses cute.”
According to Shaun, for most young people it is not about the price of the house, but rather the ability to make consistent, affordable monthly payments. Young couples and single Millennials are looking to own property, not to pay rent because, in the long run, it is cheaper.
5 Tips To Make Your Denver Home Even More Desirable
Regardless of whether you own a house on the gentrifying East Side of Denver, or Lakewood or Broomfield, your house is going to sell, and sell at a high price. However, we want to make sure that you sell your house in Denver, Colorado at the highest price you possibly can.
When it comes to selling a Denver house fast for top dollar, you absolutely need to know the tricks of the Denver real estate trade.
Pricing is EVERYTHING When You Sell Your Denver Home
When you are selling a home in Denver, keep in mind that housing inventory in the area is low and prices are high. People are looking for what they perceive as a deal on a house. Shaun is adamant about advertising your house at or just below market price. This ensures that you’ll get competing offers from a slew of potential buyers, and creates a sense of urgency to buy the house.
“If the house is priced properly, the house will sell quickly within two weeks to 30 days,” says Jones.
“Most sellers are always afraid. [They say], ‘Oh I don’t want to lose money on the table, you know I can negotiate down but I can’t negotiate up’. That’s like their normal haggling mentality. That is the wrong way to sell a house…You can never underprice a house, but you can definitely overprice a house.”
Forget the Fixer-Upper, Turnkey Homes Sell Fast in Denver
Most likely, you’ll be selling your house to a first-time homebuyer who has scraped together their savings, or borrowed money from their parents to put a down payment on their new home. That means that they do not want to pay more money for repairs and renovations once they have moved in.
U.S. News & World Report housing experts before that before market prices increased so significantly, buyers were willing to buy a house that had more “character.” Now, they are more inclined to bid on a turnkey home where no extra money or fuss is needed.
If you are a Denver homeowner, invest in the cosmetics of your house. Specifically, do these 3 things:
- Put a fresh coat of paint on the walls. We suggest painting your rooms a nice white or beige.
- Redo the flooring, especially if there’s carpet.
- Get that leaky sink fixed before you list your property.
“Of course after renovating I want to sell my house fast in Denver” said Shaun. : When it comes to choosing paint, light colors create a sense of more space. I always paint the ceiling Ultra White and the walls Alabaster (SW 7008)”.
Upgrading Your Denver Home’s Aesthetics Goes a Long Way
Have you ever heard the expression, “people eat with their eyes first” on your favorite competitive cooking show? Well, the same holds true for selling a house—presentation matters.
The more appealing the home is to the eye, the more interested potential buyers will be at showings. Making the appropriate obvious cosmetic repairs and fixes are important (deep cleaning the house, getting rid of the carpet, replacing faulty windows, etc.), but staging a home can really knock viewers’ socks off and attract multiple offers.
“I convinced them [a client] to do staging, and it wasn’t easy because nobody wants to spend that money, but it is money so well spent. We wound up getting $30,000 over the asking price which more than paid for the staging and multiple offers.”
Here are a few specific home staging tips you can use to wow homebuyers in Denver:
- Pack up that clutter! The more superfluous furniture and knick-knacks that you have lying around, the less attractive the space will be to potential buyers. Before you show your house, you want to make sure that your house gives off an easy-going “room to breath” vibe. No one wants to buy a house they feel cramped in.
- Take down all of your personal pictures from the walls, counters, etc. Remember that the buyers want to envision themselves and their families in the house, not yours. Taking down your personal photos will allow the potential buyer to imagine what it would be like for them to own your house and make it their own.
- When choosing a color scheme for furniture, accent pillows and living space always remember that lighter, brighter, more inviting colors are best. It may be common sense, but the brighter your living room or bedroom is, the more positive thoughts people will have about the space.
Finding a new way to arrange your furniture and make the most out of your space will make a significant impact on the way people consider your home for purchase. Sometimes putting in a little extra means reaping the of benefits in the long run.
Good Photography is Crucial If You’re Marketing an Denver Home for Sale
So, you have decided on a great asking price with your real estate agent, the house has been cleaned up, and each room is impeccably staged. The next step is to focus on the marketing of your property, starting with the listing photos. According to Shaun, professional photos could make the difference between just selling your house and selling your house for the best possible price.
“I hire a professional that will come in and take professional photos because if they are not taking professional photos they [the sellers] are shortchanging themselves tremendously,” says Shaun.
The real estate listing photos are the first thing that potential buyers will see related to your home, and you want to get them to come to the house to view the property in person. If you are inexperienced with a camera or decide to capture your house in an iPhone photo shoot, odds are you will not attract the best buyers and therefore the best offers.
Ready to Buy a New House? Sell Your House Fast with a Cash Home Buyer
If you’ve found your dream home, you’ll need to sell your house fast. Skip the risk and hassle of buying and selling at the same time.
With a cash home buyer, they will buy your house for cash so you don’t have to deal with the hassle of selling it.
You can make offers on your new house with no home sale contingency — which means you’re more likely to close and can do so on your own timeline!
The Denver housing market is hyper competitive. Be sure to understand what you want to achieve before taking the plunge.
Good luck and stay safe.