Getting More for Your Denver Home

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation
Hello, and welcome back! 

Today, I'm standing in one the premiere neighborhoods in Denver, in front of one of our newest listings. It's in Washington Park, which is known as one of the premier neighborhoods in all of Denver. The home is going on the market for only $350,000 and will probably have 10 offers by Monday. The average sales price in Denver is roughly $315,000, so this is just above it! 

The home is a 3-bedroom/1-bathroom home and is about 1,500 square feet! This gives you an idea of where the Denver market is trending. We're expecting a 12% to 15% appreciation year in most of the best neighborhoods in Denver. If you've got a desirable home like the one we're at, we recommend you vacate the property for the first week it's on the market because buyers will be flocking to it. 

If you want advice on how to get the most for your home in this great market, give us a call or shoot us a quick email. Keeping the home well-lit, decluttering it, having professional photos taken, and staging your home are all great ways to maximize the value of your home. We would love to help you take the steps necessary to get top dollar for your home, so reach out to us soon! 

Booming Market: Capitalize on Low Inventory, Appreciation and New Home Construction!

There are many great Denver area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (303) 523-4364 for a FREE home buying or selling consultation to answer any of your real estate questions.

Booming Market: Capitalize on Low Inventory, Appreciation and New Home Construction!

A common question that my clients have been bringing up is whether or not they should buy now due to the current appreciating, seller’s market. My answer to them is always yes – when you combine the factors of low inventory, our booming economy, appreciation and active home builders, you create a perfect storm for investing.

Home builders spend millions of dollars investing in areas and neighborhoods; they don’t build with low expectations of their return. They also are building to make up for the lack of new inventory! You are also seeing new commercial buildings and small businesses rising up all over Colorado – it’s booming! However new construction is not the only category that is being effected by the low inventory. There are actually more homes under contract then there is available inventory!

Appreciation is huge; we are seeing homes in this market increase by 10-20% and the healthy market shows no sign of this stopping. We are in a supply and demand market, not an interest rate or false-lending driven market. Although interest rates are solidly sitting at 3.5%, we are really being pushed by the huge wave of appreciation. Now is the time to capitalize because there is no sign of it slowing down.
To slow appreciation down, more homes will need to come onto the market and that will take time. If more homes come onto the market, it will take time for those homes to sell; this means appreciation will continue! You also don’t to invest in any house in any neighborhood. Be sure to keep location of the property, popularity of the area, and how long you intend to live there.

Your location is essential because you don’t want to face power lines, back up to a busy road or commercial buildings and you don’t want a small backyard with little practical space. You also want to live in a popular area like the Highlands, the Knolls or the Baker area in Denver. Those areas are appreciating quickly! Most investments work the best in the long-term, so duration is also essential. By planning out a 5-10 year plan, you will see amazing return! In fact, your house value should double every 15 years in Denver.

If you have any questions about finding a home or putting your home on the market, feel free to call me. I always look forward to our call being the best call of your day!