In a recent analytic study, Denver, Colorado came in second place for the fastest selling real estate market, meaning that most homes being sold in Denver are taken under contract within a very small time frame. The average is about 1 month.
This is both good and bad news for sellers looking to put their homes up for sale in the Denver area. Though it’s nice to see that it has the potential to sell quickly, other real estate agents have seen the same market trend, which means there’s a lot more competition. If you want to really bring in a sale for your recently listed home, you’ll need to follow some guidelines.
Right now, the average selling price for a home in Denver is around $235,000, a figure that has risen by several percent in the last few months. People seem to be more lenient on paying the price of a new home, but don’t think just because the prices are going up that you can inflate the value of your real estate. It’s important to keep the price somewhere around this figure because if not, another real estate agent will and then a potential sale is lost.
Try to offer things that other real estate agents aren’t, especially if the selling price is a little higher than the others. Offering local storage in Denver isn’t something real estate agents typically do, so giving the buyers the opportunity to have somewhere to place their valuables as they move will greatly increase interest. A package that includes a moving truck for the new homeowners’ belongings could go a long way in generating a quick sale. Never underestimate the power of stress levels.
Putting a “for sale” sign on the house isn’t enough these days. List the property everywhere imaginable to get as many people as possible to see it. There are a lot of websites dedicated to selling homes in the Denver area that are really popular with prospective buyers. You also have the option of listing the property in the local newspapers and on Craigslist.
Think about people who aren’t local in the area. Every year, thousands of people move to Denver for various reasons and they’re all in need of homes as well. After your ad is placed all over the town locally, branch out. Put your listing in newspapers from outside the area, list it in some other websites that aren’t specifically for Denver, and spread the news about it via social media. People moving into an area like this are more likely to buy quickly since they don’t want the hassle of constantly traveling back and forth, so getting the information out to them will drastically quicken the selling time.
Before putting any kind of house on the market, take a look at the trends, do some research, and see what other real estate agents are doing. If you plan for the sale, you’ll stand a greater chance of succeeding.