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How Much Cash Can You Get For Your House In Denver?

Posted on: December 21st, 2016 by , No Comments

get for your house in

The first thing on your mind when selling is how much can you get for your house in Denver, right?

To find out how much you can get for your house in Denver or elsewhere, is to know what your bottom line number is and what you want to start as an asking price. Of course if you could sell a $300,000 house for $1million just because you wanted that, we’d all do that every day of the week and twice on Sunday. Imagine the appreciation you’d see on Denver houses. Wow. In reality, there’s what we can call a “cap” on what house will actually sell for based on supply and demand of a neighborhood’s housing.

The two only ways find out what you can get for your house in Colorado.

Although the blog seems to have a specific city in mind, the city being Denver, people from all over the State of Colorado will come across this blog. Not only do you have people in Denver trying to figure out what they can get for a house, you may live in Golden and want to know what you can get for your house in that part of town.

Selling a house by owner or to a house buying company: With this route you’re either going to sell your house manually to private buyer by doing all the work yourself to get it done. Including handling open houses, paperwork and transactions with the title company. Which is fine if you have the time. You can also sell to a local house buying company who already has a team in place to get the job done. All you have to do is figure out if there’s a win/win between what they’ll offer and what you’re asking.

Listing your house for sale on the Multiple Listing Service: The majority of people may fall into this category. Not because it’s always the best for their situation but because it’s all we’ve been taught is the answer in selling a house. When listing with a Realtor this is going to allow a sale to be handled for you by a professional as well. They are going to be acting as a matchmaker to find a buyer for you and handle everything mentioned you’d have to do manually when selling for sale by owner.

What does this have to do with figuring out how much you can get for your house in Denver?

  1. Listing a house on the MLS is going to attract a buyer or family that wants to live in the house long term. Long term meaning 10 plus years or longer. This is not just an investment, it’s a decision to live in a place to call home. They are looking for something that’s in “move in ready” condition which can affect how much you can get for your house in Denver.
  2. A large majority of the buyers looking on the MLS don’t have the means to purchase a house cash and will get a loan whether that’s FHA, Conventional or a VA loan. This means contingencies are going to be at play here. Even in accepting an offer, you still have to look forward to a final inspection and appraisal. Which can affect how much you can get for your house in Denver.
  3. There’s also another fee you may not have thought about when figuring out how much you can get for your house in Denver. That’s if your house needs basic or major renovations. Either way your house will have to be in show room condition in order to get the best price possible. The more updated your house is, the more of a return you may get. Kind of reminds you of the term, “It takes money to make money.”
  4. One more thing about selling the house on the MLS which can affect how much you can get for your house in Denver. That is the 6% commission you’d have to pay as the seller for listing the house with a Realtor. Of course you can always negotiate this fee or find a realty service who charges a flat rate. Bottom line is Realtors provide a valuable service and they do cost money.

All of these play a major factor in how much you can get for your house in Denver. Is it worth the while to list on the MLS, sell manually for sale by owner or sell to a house buying company? Too many factors are dependent upon this decision and that’ll take another blog to list them out.

Don’t rush the decision making process in selling a house in Denver and make sure you weigh out all of your options. If your goal is to sell a house fast, try house buying companies first. If you’re not in a rush and would like to make renovations first, list with a Realtor. Choice is up to you.

Adam Buys Houses Company buys houses all over the Denver Metropolitan area. If you or somebody you know have a house to sell, give us a call direct at 303-997-2045 or simply click the link here to get started on the selling process.

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