Low Inventory Means It’s A Good Time To Sell

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Low Inventory Means It’s A Good Time To Sell

The central Denver real estate market has a record-low inventory of homes that are available for sale.  In January of 2012 there were 2,504 available condos and houses in the city of Denver. One year later, that number plummeted to 1,425 – a 43% decrease! With so few homes on the market and ready for sale, and an increasing number of buyers who are ready to invest in a home, the next 12 months will be an excellent time to sell a home at a healthy asking price. 

IF YOU’VE BEEN APPREHENSIVE ABOUT SELLING YOUR HOME, HERE ARE SOME INSIGHTS THAT MIGHT HELP YOU IN YOUR DECISION:

RISING PRICES | The average sales price for a home or condo in Denver has increased by 15% since 2012. With a limited number of home choices, inspired buyers are competing for the home they want, and are willing to pay a fair asking price, if not a little more.

DESIRABILITY | The neighborhoods of Central Denver have always been prized for their high walkability scores. The organic business districts in Washington Park, West Highlands, Platt Park, and Capitol Hill are prime examples, and downtown’s growing popularity only adds to the panache of life in the city.  For Downtown commuters, living closer to work seems to be a growing trend.

NEW CONSTRUCTION | For many buyers wanting to stay in central Denver as their family grows, builders are adding square footage by scraping existing housing and replacing it with modern, larger residences.

IF YOU DECIDE NOW IS THE TIME TO PUT YOUR HOME ON THE MARKET, HERE ARE SOME THINGS TO CONSIDER:

 + Fully Commit | Selling a home you’ve lived in for many years is understandably a tough transition.  You need to prepare yourself for the detachment, and be mentally ready to go through the sales process.  With this focus and dedication, you’ll be in a great position to sell.

 + Get Ready | Before the “For Sale” sign goes up, you’ll need to be sure your home is presented in the best way to sell.  Details such as making sure the entryway looks its best (with a new front door, clean walkway, trimmed hedges, etc.); a fresh coat of paint; eliminating interior clutter (sparseness is better than a room filled with personal mementos); inexpensive accessories (such as new towels in the bathrooms, fresh scented candles in living spaces and flowers in the kitchen); new hardware and polish on older cabinetry; clean windows and other fine touches will help your home to sell.

 + Interview | During the process, interview at least three different real estate brokers and find out how they can help you (with things such as getting your home ready for sale and assessing a favorable sales price).  Make sure that you are working with someone who has a strong marketing team behind them who can make the sales process seamless.

 + For Sale | With your personal commitment, a nicely presented home and a solid team in place, you’ll be ready to sell your home to a “sellers’ market”.

Fuller Sotheby’s International Realty – Dedicated to the extraordinary. The exceptional. The unique.
Call 303.893.3200 to find your expert partner in real estate.

 

 

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