Tips for Home Sellers

There are currently 260 blog entries related to this category.

It’s still a fast-moving seller’s market in Denver, with numerous properties going under contract as soon as they’re listed. The average days on market for all properties was only 28 days. That’s a 31% decrease from one year ago.

There were 7,791 Active Listings on the market, a 4% increase from May, and down 5% from one year ago. 5,414 went under contract, down 4% from May, and 5,582 homes were sold and closed. That’s a 5% increase from the previous month.

Download a copy of this month's report here, and watch this month's video, featuring Live Urban brokers Susie Best and Patrick Gibson, featuring Denver's Congress Park neighborhood and the Denver Botanic Gardens.

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Investment properties are few and far between in the Denver Metro area, and with available housing inventory so low, homebuyers and developers alike are scrambling to find homes to purchase, whether they are looking to live in them or renovate and sell.  It's almost impossible to find fix-up properties in super popular neighborhoods like West Highlands, LoHi, and even Wheatridge, Edgewater and Arvada.  

Which is actually great news for areas that have been a bit slower to cover from the recession, including South Westminster.  There was a great article in the Denver Post this past weekend that highlighted the progress of the city's recovery and emerging property boom....here is an excerpt:

WESTMINSTER —It's been a slow process and is far from done,

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Signaling the start of the summer buying and selling season, the real estate market for the Denver metro and surrounding area saw increased activity in May as buyers scooped up available inventory despite near record prices. Download a copy of this month's report here.

The pace of home sales picked up during the month of May, as the number of sold properties rose 19 percent month over month. In particular, demand for single-family attached homes saw a marked increase, rising 25 percent over last May. 

Inventory in the Denver area continued its upward trend, as active listings increased 15 percent from April, and the number of new listings climbed 11 percent month over month. However, the market is still very competitive, as days on market

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What is a back up offer? And does it make sense in this crazy Denver Real Estate Market? The answer is absolutely, yes! A back up offer is basically a second place offer. If the seller already accepted an offer, or didn't accept your offer but yours is close, then you could have the option for your offer to be a back up offer in case something happens to the offer that was accepted. Essentially, you are the second place offer that would move into the first position if the first place offer doesn't go through. 

With the crazy Real Estate market we are experiencing in Denver right now, most buyers don't consider making a back up offer because they think that if someone is lucky enough to get a house under contract, they aren't going to risk it not

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When I bought my house in Berkeley three years ago, I thought it would be years before we needed more space. 2 kids later, we are busting out and needing more space so we have decided to bite the bullet and add on. In this ongoing blog post, I will try to highlight what it takes to do an addition and offer any tips and good stories along the way that I can. 

Ideally we would have loved to pop the top. Based on our square footage, and location on our lot, it would have been very expensive and we wouldn't have been able to get more than two bedrooms out of it. So after meeting countless times with our extremely patient architect, Mark Fitzwilliam with Fitzwilliam Architects, we found a design that works and offers all that we need and more.

We

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LIVE Urban agents and their clients have seen everything on the MLS...and they still haven't found THE ONE.

If you, or anyone you know, has been thinking about selling your home that might fit one of these needs, please reach out to a LIVE Urban agent...we have a buyer waiting to buy your house!

Heather Truhan has a client looking for 1+BR condo in Central Denver (I-25 to Colorado, 23rd to Alameda) in healthy HOA... reserved parking and higher floor with great natural light and balcony. Willing to update. City or mountain view and higher floor are more important than finishes and space. Up to 175K. 

Mic Ortega has the following clients desperately seeking a new place to LIVE:

Aaron is looking for a home under $300,000 in Wheat Ridge, Olde
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Here's another case study for the "It Sold Before You Could See It Here" files...
Sandi Klatt listed 100 Park Avenue West #405 recently for LIVE Urban Real Estate...but if you blinked, you missed it!



We asked Sandi a few questions:  
LIVE Urban: Why do you think this property sold so quickly?
Sandi: DEMAND.  ANYTHING IN THE UPTOWN AREA UNDER $300K LOOKS TO GO QUICKLY.  ESPECIALLY IN A BUILDING WITH AS MUCH TO OFFER AS PARK AVENUE.     LIVE Urban: How many showings and offers did you receive before going under contract?   Sandi: INTERESTING...FOR THIS ONE I EXPECTED A LOT MORE SHOWINGS.  FIRST DAY ONLY HAD TWO.  THE OFFER SELLER ACCEPTED WAS FROM THE FIRST DAY.  BUYER'S AGENT PUSHED EXTREMELY…
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About this time every year, I pick up a copy of 5280 The Magazine to check out their Denver Real Estate guide. It typically provides pretty good insight into the state of the market in Denver at the time and highlights some of the hottest areas. And while it isn't always the most accurate source, I know lots and lots of buyers and sellers read it and rely on it when doing their shopping so I think it is a very important Real Estate guide to pay attention to.

I won't copy the entire article here, but I will point out some of the highlights that I think are important. To read the entire guide, click here. The first thing I always look at is which neighborhoods they picked for their top hoods. This year we have Wash Park East, South Park Hill,

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The Denver Market continues to accelerate...and the proof is in all of the listings that we keep seeing go Under Contract just days...and even hours...after they hit the market.

This property listed by Casey Shea for LIVE Urban Real Estate is a perfect example...if you blinked you probably missed it, it went Under Contract so quickly!

We asked Casey why this home sold so darn quickly...

LIVE Urban: Hey Casey, congrats on that quick sale! Why do you think the property went Under Contract so quickly...and were there any special circumstances or features that led to that result? Casey Shea: I think it was just the lack of inventory in the
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Denver is the fastest selling Real Estate market in the country right now. With an average days on market of 25 days, Denver homes are selling two days quicker than the next hottest market of Oakland California. A new report out from Realtor.com lists the top 10 fastest selling homes in the country and this is the first time I've ever seen Denver at the top. With more and more people moving to Denver, affordable prices, great interest rates and so many attractive neighborhoods, it is not too difficult to figure out why homes are selling so fast. And with limited inventory available, I don't see this trend slowing down anytime soon so now is definitely the time to buy and sell. Let us know if we can help.

Realtor.com®’s report shows the

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