If you are thinking about selling your home, you’re in luck; metro Denver is currently experiencing a strong sellers’ market. Having the market on your side certainly removes a lot of stress from the process of selling your home. However, there are still some things we suggest you do before listing your house that can reduce its time on the market, ensure you get a great sale price and make it all as painless as possible.
Pick the right agent.
This may be the most important decision you make when selling your home. Of course, we’re partial to any of COListings’ Colorado Realtors®. That’s because our team of award-winning agents have years of experience selling homes in the Colorado region. They are familiar with the Colorado real estate market and will be your adviser, your marketer and your trusted colleague through the entire home selling process.
What’s more, COListings is a real estate search engine that directly connects with the MLS to share your listing with buyers who come to our site or any other sites with MLS directories.
We hope you take a moment to learn more about COListings and our agents. But regardless who you choose, here are some things your agent should be able to do for you.
- Help you set an appropriate list price for your home
- Develop a strategy for marketing and selling your home
- Give you advice about preparing for an open house
- Show your home to buyers and market it to other agents
- Provide guidance about how to respond to bids
Do your homework.
Your agent should be the expert and able to provide guidance and advice about setting the price of your home. However, it’s helpful to do your own research as well. Study up on the comparable sales, or “comps,” in your area. Information about home sales in your neighborhood will help you determine an appropriate list price for your own house. Ask your agent to print out MLS listings for you to review.
Take a tour of your home.
Before you place your house on the market, walk through and attempt to see it from the buyer’s perspective. Remember, the idea is to create a space where other people can imagine living their lives. It’s important to take a month or so to fix things up before you take photographs and list your house.
- Consider renting a storage space and taking out the superfluous furniture, knickknacks and personal items.
- If your furniture is on the tattered side, think about renting some simple pieces to stage your home in a way that maximizes the space and creates an appealing atmosphere.
- Paint over boldly colored walls and touch up holes and stains.
- Make small repairs that will stick out to potential buyers during a walk through—burned out light bulbs, leaky faucets, broken appliances. Use WD40 to make sure everything opens easily and quietly.
- Deep clean your house. This means, clean the windows, blinds, baseboards, light fixtures, basically all the areas you typically neglect.
- Don’t forget about curb appeal. What does your house look like from the street? Make sure the grass is cut, flowerbeds weeded and any clutter or litter picked up.
- Remove any items you plan to take with you to avoid confusion. If you want to keep the window treatments or light fixtures, replace them with things you will leave behind.
Get your papers straight.
It’s a good idea to prepare yourself for inquiries about your property from potential buyers. Here are some items to pull together to be able to answer questions and entice buyers.
- Any copies of rental agreements
- Utility bills
- Tax bills
- Operating manuals for appliances and HVAC systems
- Notes about wall paint colors
- Any applicable warranties
Make sure any outstanding town or city permits are closed and any building violations cleared. Talk to your accountant about potential tax issues associated with selling your home.
Save up for unexpected costs.
When selling your home, you will incur quite a few minor expenses. From pre-inspection reports to staging costs to minor renovations, all these little bits can add up. There are also closing costs—the buyer and seller’s agents’ commission, transfer taxes and fees, attorney fees and bank fees (if you have a mortgage), title insurance and the potential repair of inspection items.
It’s helpful to make a budget for selling your home and keep track of what you actually spend in the various categories on a spreadsheet.
When you are ready to sell your house, we hope you consider COListings. One of the best things about our company is the upfront pricing structure. Our commissions vary based on the level of service we provide. We can help you sell your home for as low as 4.8% or up to 7.0% commission, based on the level of service you choose. Give us a call today to discuss the details.