Selling Your home in Colorado

We understand there is more than just one way to sell real estate. Therefore, we strive to provide a variety of tools, techniques and concepts to assist our Realtors in creating and implementing the best marketing plan available to help you accomplish your real estate goals, while keeping your needs and your home specifically in mind. There are many fine details that if overlooked, could result in a lower sale price. To maximize the sale of your home, you need a professional and qualified Realtor.

Sterling Real Estate's expert realtors strive to stay on the pulse of changes in the industry and use the most effective and cutting edge marketing and sales techniques. Our knowledgeable realtors are here to answer all your questions and to get your home sold in the shortest amount of time and for top dollar.

After you hire a Sterling Real Estate Group agent to list your home, the first step is to determine pricing. The listing price is one of the most important factors in asuccessful home sale. Many people tend to list too high and they either have to reduce the price, or it takes much longer to get any offers. We will determine the right price with a comparative analysis in your market.

Next, your agent will help you prepare your home for sale with cleaning, repairing, and staging the home to make the best impression and maximize your return on the sale. We will then photograph, list, and begin marketing the home. Buyers will tour at open houses and showings. Depending on the state of the market, you might receive multiple offers. We will advise and advocate for you to negotiate the best possible deal. Once you accept an offer, the home will go under contract. The home must then pass inspection, title search, an appraisal, sometimes a property survey, final loan approval, and a walk-through by the buyer. Once everything is clear, it's time to close!

Closing is the final step in your home selling process. During the closing, the deed is delivered to the buyer, the title is transferred, financing documents and title insurance policies are exchanged, and the agreed-on costs are paid. Some of the final documents are signed. Keep in mind that you may be required to pay at closing, including agent commissions, loan fees, title insurance charges and recording filing fees. These costs typically come out of the profits realized on the sale of the home.

In October 2024, the Greater Metro Denver real estate market saw an uptick in new listings and active listings when compared to this time last year. There were 10,322 active listings (both attached and detached), an increase of 37% Year Over Year. New listings increased by 23% YoY bringing the months supply of inventory to 3.09, a 40% increase YoY. Demand (pending) for both attached and detached increased 19% YoY to 3,489 and remained relatively flat month over month (2%).

Days on market also increased to 44 days, on average. This was a 42% increase when viewed YoY and a 6% increase MoM. Prices for detached properties increased by 4% when compared to last month, and stayed relatively flat YoY. Attached property prices decreased 5% YoY. The median price for a single family home for the month of October was $644,400 while the median price for an attached property was $399,400.

The 2024 Election is over and people are still sitting back during this transition period from what we can see. Regardless of the price range, pricing homes correctly is fundamental to successfully selling your home. However, if you take the time to prepare your home for market by de-cluttering and making minor repairs and staging as needed, you can still anticipate getting a good offer for your home. The agents at Sterling Real Estate make it their mission to make sure your home is prepared properly and advertised in the best light possible. The faster the home sells, the better chance you have of getting closer to asking price, as Buyers tend to be waiting for that first or second price reduction, if the home is over-priced.