Selling Denver Real Estate

Here you'll find tips, news and tools for selling Denver real estate.

Found 4 blog entries about Selling Denver Real Estate.

What happens when you don’t sell the first week?

There are many different philosophies on how to price a home but the result of not getting a contract in the first week is clear: a lower sales price and missed opportunity.

To see what happens to offer prices during and after the first week on the market, I graphed data for both detached and attached homes in multiple price ranges in the city of Denver.

• Under contract in the first week? Homes averaged 2.3% over the list price.

• Under contract in the second week? The sale price dropped 0.24% below asking price.

• Under contract in week 3 and later? See the graph below.

The 2.5% swing from week 1 to week 2 means $10,000-$12,000 less for the seller (based on the average home in Denver.)

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Although the weather may tell another story, fall has finally arrived. Third quarter is behind us and spring’s volatile market conditions have given way to a healthy, but not-so-crazy, pace. Which makes this the perfect time to take a breath, look back and assess the situation in Central Denver.

Since the beginning of the up market (2012) in Denver, we have seen a very even distribution of sales between the first and second half of each year, varying by only a few percentage points:

 

So far, 2015 seems to be matching this pattern.
• The first half of 2014 saw a total of 4,080 sales in Central Denver
• The first half of 2015 saw a total of 4,061 sales, or 19 less

Now, let’s look at Central Denver price changes in the first three quarters of 2015.

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lowball_232You've decided to sell your home. It's been de-cluttered, staged, priced according to the current market, and now all you need is a buyer.

Your agent calls you up with the first offer. "Brace yourself," he says, "It's not as high as we would have liked..."

At 30% below the asking price, it's not even in the ballpark, and frankly you're pissed. The house has never looked better, it's priced smartly, you're insulted by the nerve of this lowball offer. So, how do you handle it? Your first reaction is to instruct your agent to tell this person you're not interested, and not to come back until they have something more realistic.

Even though this is your first offer, what if it's your last? What if this person is a serious buyer, but just testing the waters

7,431 Views, 4 Comments

The spring selling season is quickly approaching and buyers are gearing up to find the perfect home. It's well known in the real estate industry that, if you pan to sell a home, the spring is the best time to do it. Buyers come out in droves and the market bares more rewards for those sellers who are ready. Here are some quick ways you can get your home in top shape for maximum return.

Curb Appeal And First Impressions

First impressions are key to a quick sell. Buyers want to walk up to a home and feel this is the one. Taking advantage of a buyers first impression is as simple as cleaning up the front yard and getting rid of the clutter. Rake the dead leaves from the fall, add some fresh potted plants to the curb, and if needed, touch up chipped or

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