About Selling Real Estate in Denver Colorado
Selling your Denver area home or investment property is a serious and complex process that involves many participants, and is best performed with the assistance of an experienced, licensed professional. Before you begin, you will want to collect the most current and up-to-date information on local market conditions and how the home selling process works in your area.
Some of the most common questions include: When should you sell? How do you get the best price? What is the right price for your property? What kinds of repairs and renovations may be needed before putting the home on the market? How long will it take to sell and close? What will be your net proceeds from the sale? What will my real estate agent do for me, and what must I be prepared to do for myself? How can I defer capital gains taxes on the sale of my investment property?
Before you select a listing agent, call us for answers to these questions and many more.
Competition is good! We subscribe to the views of the FTC and DOJ as presented in their Report on Competition in the Real Estate Industry . Colorado Law and our local MLS policies comply with their recommendations, and foster competition in the real estate industry, including alternative brokerage models and negotiated real estate commission rates based on the consumer’s required level of service.
See also: Our home marketing program
Request Online Home Valuation Report
If you would like a free, no obligation online market valuation analysis for your home, or for any other Denver Metro area or Douglas County property that you own, you can start by clicking here: Request Home Valuation. Your home valuation will be sent to you by Email, generally within 24 hours. If you are thinking about selling soon, you may need a more detailed valuation and marketability analysis, which we can also do for you at no charge after a brief visit to your home.
Pricing is an art, not a science. In preparing your home valuation, we will apply our extensive experience and analyze numerous factors, including:
- The general condition of your home,
- Improvements which could contribute to getting the highest price in the shortest time frame with the least expense on your part,
- Recent “sold” comparables in the neighborhood, including time on market,
- Directly competing “for sale” and “under contract” properties,
- The general state of the local market including interest rates and “for sale” inventory levels.
In the final analysis, the value of your home is determined by what a ready, willing and able buyer will agree to pay for it.
Preparing Your Property For Sale
First impressions are important.
In preparing your home for sale, it helps to look at your home from the buyer’s perspective. Look for the following:
- Curbside appeal counts. So does having a clean, uncluttered, staged home which shows off its best features to maximum advantage.
- Minor and sometimes major repairs should identified and completed in advance. Many times, the best approach may be to have a complete pre-listing home inspection performed by a professional inspection firm. Discuss this with your agent.
- If your home has a basement that is not equipped with a radon mitigation system, radon testing is a good idea. Inexpensive “DIY” radon test kits are available at most local home improvement stores. “DIY” test kits are not going to be as accurate or reliable as testing by a professional, which most buyers will have done at their expense as part of their inspection process, but should give you a pretty good idea if your home might need radon mitigation.
- If your home is more than 20 years old, have a sewer scope inspection performed. Collapsed and/or constricted sewer lines can be common in some areas, especially where trees or shrubs may have been planted above the main sewer line.
- Have your HVAC system (furnace and A/C) inspected and serviced just prior to listing, including filter replacement. Keep the HVAC contractor invoice handy, or tape a copy of it on the front of your furnace for buyers and their inspectors to see. Buyers will almost always request HVAC inspection and servicing as part of their inspection objection process.
- In our market, properly functioning windows and doors are important to buyers. Repair or replace doors that may be damaged, and windows that are cracked or whose seals have failed, generally evident by water condensation trails and/or or fogged areas between the panes.
- Trim overhanging tree branches and bushes away from the home. Clean out gutters and drains.
- Always keep driveways and sidewalks clean and clear of snow and ice during snowy weather. You may be held financially liable for falls and injuries caused by snow and/or ice patches!
- If possible, remove all items stored in attic and crawl spaces, including empty boxes. Home inspectors will need ready access to those areas.
Your agent knows the details required for this kind of preparation and may have other suggestions after visiting your home. If needed, they have access to contractor resources to help you in the preparation process.
Help for Distressed Sellers
In the recent local real estate market downturn, many home owners are finding that they may not have as much equity in their homes as they thought. They may be “upside down” as a result of an inflated refinance or home equity line of credit appraisal, or because of declining market values in their community. Are you a distressed seller, looking at possible foreclosure, short sale, bankruptcy or other special circumstances? Contact us for a free and confidential consultation. We may be able to help you!
Thinking About Selling “By Owner”?
- “By Owner” Frequently Asked Questions
- Why Hire a Professional to Sell Your Home
- Common Selling Mistakes
Request Seller Reports
These reports should help you answer some of the questions you may have about selling your home or other real estate, and will describe what the Denver Home Value Team at Cobalt Realty can do to help you through that process. When you have the right information, and experienced real estate professionals like the Denver Home Value Team by your side, you will be closer to reaching your goal – selling your home quickly, at the best possible price, and with the least possible inconvenience to you and your family. When you are ready to list your home, you can even request the Colorado standard real estate agency disclosures and listing forms to review prior to an in-home pre-listing meeting.
Select the desired reports and they will be instantly downloaded to your PC. If you don’t have it already, you may need to download the latest Adobe PDF Viewer/Reader to be able to view some of these reports.
Related Home Seller Resources
Guide to working with a professional – From The National Association of Realtors®.