Archives for posts with tag: homes for sale in Denver CO

The competitive nature of the real estate market brings a whole new meaning to “keeping up with the Jonses.” When a prospective buyer enters search terms for specific criteria and location, whatever homes listed on the results page will be in competition with each other. Along with your home, the buyer is likely going to be looking at some of these other houses that fit your criteria. This means that you’ve got to stay competitive by both keeping up and standing apart. Some ways you can keep your home competitive when selling Baker real estate:

Keep up with your web presence

The number one way that buyers connect to sellers now is through the internet. With so many options for what kind of home you want, the internet makes it easy to filter out what you don’t want to look at. Because so many buyers primarily look for listings on the internet, it is essential to have an established web presence. Your agent should be working to market your listing on a variety of types of sites. And if your house was promoted on these sites when you first put your home up for sale, but haven’t been posted anywhere recently, you should market to some new sites and reach a different range of people.

Pricing

Pricing competitively is a no brainer, especially if you’ve become attached to the house and you have other houses around to keep up with. Many potential buyers know the asking and selling prices of comparable homes in the area, and they will know when a price is out of the correct range. If they have the choice of pursuing a home that is priced competitively and a home that leaves a lot of room for negotiation, they will more likely think the more reasonably priced but comparable home is a better use of their time.

Updates

A major reason that a homeowner will pick one home over another is because one is updated while the other needs some work. Even if an outdated area includes a budget for an upgrade, many sellers may be deterred by the idea that your house requires more work than another house. Even small updates or redecorations can make a difference, but most buyers will not be interested in too much of an overhaul unless they actually want to renovate everything to fit their own tastes. Have fresh eyes look through your house for any sore spots and work to give a better impression.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

If you have reached an unofficial agreement or even signed some paperwork beginning the transaction to own a house, you should know that oftentimes what even looks like a sure sale can fall apart. Getting attached to a home only for there to be a problem or technicality in your way can lead to disappointment when your dream home falls out of your grasp. To make everything smoothly, perhaps consider a real estate agent to help guide you through putting up Denver Colorado homes for sale. During the transaction process, be on guard for the common ways that transactions fall through.

Contingencies

A contingency is a condition set into a transaction agreement that must be met before transfer of ownership becomes official. If the buyer or seller has a concern about something getting accomplished before the contract becomes official, then they can work this into the contract just in case. These are promises made by the two parties that protect them in case they need to fall out of the sale if the conditions cannot be performed. A contingency may have to do with passing inspection, or perhaps the buyer wants to include a clause that the sale of the house is not final until they sell their previous home. A contingency that most contracts have is that the buyer must obtain secure financing to purchase the home.

Disclosure

If you are seriously considering a home, there are things about the home that the owner is required to disclose. A disclosure is a required action by the seller to inform the buyer of anything they may need to know after taking over ownership. This could be anything that could affect the future ownership and value of the home. The exact rules may vary from state to state, but this could be something like leaving out that construction project that you know will be starting up later this year, making a lot of noise and covering up a great view. It could be a leaky roof or a termite inspection. A seller can face penalties such as lawsuits if they fail to disclose of a home issue.

Underwriting

An underwriter is a member of the lender’s team that will evaluate the risk involved with lending the hopeful buyer money. The underwriter will take a look at the actual value of the home in case it must be used as collateral and other financial information necessary to evaluate risk.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

It’s not uncommon for those looking to sell their home to become hopeful about certain potential buyers, only for the buyers to suddenly lose interest. You could be left scratching your head, wondering what you’ve done wrong. With everything on a home seller’s plate, they may have overlooked something that resulted in the buyers becoming uninterested. If you’re selling your home, take a look at these common potential buyer turn offs:

You’re not following procedure

Though it may depend on the market, a home sale transaction follows a certain legal and traditional procedure. If you don’t follow this established process, this could be seen as a red flag for buyers, who do not want a mess over technical matters to get in the way of buying their home. Hiring a good agent can ensure that you’re following the status-quo.

You’re always present at showings

A general rule for showings is that it is better for the seller not to be there. Potential buyers feel freer to take a serious look at a home if the buyer isn’t buzzing around. Looking at a stranger’s home is already slightly awkward, and so a buyer’s presence can take them out of their element and distract them from looking close enough for fear of being impolite. Without the seller’s presence, the buyer can more freely critique the home and tell their true feelings to their agent and buying partners so they can find the perfect piece of Berkeley real estate.

You weren’t totally forthcoming

When you put your home up for sale, you have to inform potential buyers about the home’s vulnerabilities that could cause issues for the new owner in the future. Disclosure isn’t just courteous, they’re required. Misrepresenting homes to buyers has resulted in lawsuits over later problems with the house, such as a chronically leaky roof or a driveway that is prone to flooding. A famous case over termites in 1986, Hill v. Jones, came about because the buyer failed to inform the seller of an infestation before the parties had entered into a contract.

Your price is too high

Whether you are leaving room for negotiation or truly feel that your home deserves a higher asking price than what your research or agent is telling you is fair, a price that is too high is one of the biggest turn offs for buyers. Even if the buyer initially show interest, they may need to be looking for some big redeeming quality with the property to justify spending so much money on a home, and then retreat after finding none. Or, perhaps their lower bid was rejected, and they feel they’ve lost steam when it comes to the home. An unfair asking price could also be seen as a sign that your judgment could make you difficult to do business with.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

One of the most difficult aspects of selling a home is negotiating the price you want. While many may see this as a game of strategy between the two parties, the truth is, the process of getting your ideal price for your home starts well before these negotiations. Keep reading to find out how you should be working towards getting your price before you even put your home on the market.

Take a look at the condition of the market

When you set your asking price, you’re not just looking at the value of your home. You’ve got to look at the state of the market. This could be anything from making a physical survey of the quality of the area to looking at statistics of the market’s health. For example, in the last few months, Denver’s home prices have reached record-breaking highs. This means you could list your home at a reasonably higher than usual price.

Do your research

Before you establish an asking price, you should be looking at comparable homes for sale around you, or at those that have been sold. It could even help to pay a visit to these homes at open houses. Consider what the asking prices were of comparable prices that have taken a while to sell and the asking prices of homes that sold quickly. This will give you a good idea of what price the buyers will be enthusiastic about, and what price may have them hesitating to take the process any further.

Don’t aim too much higher than what you really want

A common strategy for home sellers is to have a high asking price in order to leave room for negotiating. However, there are two reasons why setting the price too high could be a bad idea, and one is specific to Denver. A high asking price can scare off a buyer from considering a home further, as they may have many other more fairly priced homes that seem like less work to bid on. Buyers may see an outlandish asking price as a sign that they may not want to do business with that buyer. They may also look at the asking price on a listing and assume the house is too big or otherwise not what they’re looking for without looking into its other features. Basically, potential buyers don’t like to have their time wasted.

The other reason why this is a bad idea is that in Denver, the demand for homes is very high. So high that you may not even need to worry about getting the price you really want. Many Denver sellers are reporting they were able to sell their home quickly and without any price negotiations at all. If your price is fair, listing your house for exactly how much you want can come across to the buyers as no-nonsense, and could motivate them to want to make an agreement before more competition come around. If you have an interested buyer that will not go as high as your asking price, it likely won’t take long for another prospective buyer to come along with the way Baker real estate is selling.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

Even if you aren’t knew to the real estate game, understanding real estate lingo can be confusing. You may find yourself constantly researching the words you’re looking at. And if you don’t have a real estate agent to help you sort things out with homes for sale in Denver CO, you should look forward to study sessions to get a handle on the process. To help you out, we’ve listed some common real estate lingo with some helpful definitions:

Closing costs—the price of the home in question is not the only expense that buyers and sellers have to deal with. The total costs associated with closing on a home are called closing costs. These may include fees or costs dealing with mortgage, escrow, attorneys, brokerage commission, taxes, transfers, insurance, and anything else that is paid for when buying the home.

Fixture—this term deals with the difference between real property and personal property. In the legal sense, real estate is termed “real property” while anything movable that the previous owners will be taking with them is personal property. Fixtures are a part of real property and are often put in writing so it’s clear who will be getting what, because it can be tricky with items like blinds that could be seen as either and that the previous home owner may have become attached to.

Contingency—a contingency is an agreement that includes an if. This means that the terms of the agreement are not officially legally binding until a certain thing happens. For example, a home buyer and seller could have an agreement that states that the buyer must have an appraisal that matches the asking price of the home before legally purchasing it. Even if they agreed to sell, a seller here could back out if this condition isn’t met because of a contingency provision.

Disclosure—this is anything that the seller must inform the buyer of before they take over ownership. These are things that will have an effect on future value or use of a property. This could be a leaky roof, a property that is prone to flooding, or anything else that the new buyer may need to know.

CMA—a comparative market analysis or competitive market analysis. This report will analyze the market for similar homes in the area that were sold, and what price they were sold for. These reports also often show details for homes currently on the market.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

Bad neighbors can be a huge frustration for home owners. Whether you are buying or selling, you should take into account how your neighbors will affect your real estate experience. If you are selling, bad neighbors could scare off that perfect match. If you are buying, you don’t want to buy a house next to residents that you don’t think would be pleasant. Whether you selling or buying Denver Colorado homes for sale, keep these qualities of a bad neighbor in mind:

Close proximity

This may not always be a bother, but even the best neighbors can be a pain if their property is too close to yours. You may have to deal with common issues of close neighbors—dogs getting into each other’s yards, tree branches growing over fences and dropping leaves into the other’s yard, or perhaps just being so close that you can hear even the lowest of conversations. This can be even more difficult to deal with if your neighbor is “bad” in the social sense, as in impolite, antagonistic, or any other quality you wouldn’t seek out in a companion.

Intrusiveness

This would be proximity in the social sense, or perhaps a lack of privacy. If you neighbor’s yard has a clear view of your yard, windows, or other elements, then you should hope that neighbor isn’t also nosy. Even if they are respectful of your privacy, it may be irritating relaxing in your yard knowing that you don’t have total privacy. If they aren’t respectful of your privacy, well, then you might consider getting some nice blinds.

The other type of intrusiveness may come from neighbors that may feel overly friendly. Some neighbors may not realize how often is appropriate to drop by for a chat or to wave down your car for a word as you pull in your driveway. Even if you like them personally, too much interaction can feel a bit smothering if you live next door to someone, and communicating this could cause future resentment. The major problem here is that if someone is intrusive, it’s impossible to avoid if that person lives right next door.

Noisiness

This is perhaps one of the major complaints of homeowners concerning their neighbors. Sure, you can call the authorities for when things get too loud, but this noisiness may not always be a clear cut house party. It could be a dog that barks intermittently or some occasional but very loud banging as they drag out their trash cans. If this type of noise is exorbitant, it can be hard to stop.

Untidiness

If your neighbors have an untidy lawn, this depreciates the look of your own property. You don’t want to take meticulous care of your perfectly manicured lawn only for the aesthetics to be ruined by that untidy neighbor.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

Recently, we took a look at do’s and don’ts for home sellers when showing their home. Now we’ll be talking about the other side of things. When you are looking for homes for sale in Denver CO, it is important to follow certain etiquette when attending a home showing. If you’re going to take a look inside of a home, make sure to follow these important tips:

Don’t bring your kids or pets

This should be obvious, but you would be surprised how many showing attendees think of attending a home showing as a trip to a park. It is better to not bring your kids, but if they must come, make sure they are not running around and causing a ruckus in your host’s home. If your child makes a mess or breaks something, this can turn your dream home into an awkward situation that may not be worth pursuing for the resentful seller anymore. Generally you will not want to bring pets at all, as you cannot always control their behavior or the allergies and preferences of the home sellers.

Leave everything how you left it

If you are attending a home showing, it is important to remember to look, not touch. If you have to touch something, make sure everything is still in order when you leave it. This also means cleaning up after yourself if you use any of the facilities.

Try not to schedule for awkward times

When scheduling a showing, you will want to schedule a look at appropriate times. Many sellers know that they should try to accept any times that a buyer wants to look at a home, and also that they should try and be absent during showings. This is why you will not want to schedule showings too early or too late in the day. You don’t have to adhere to normal business hours, but you don’t want to schedule a time that the seller may not have left for work yet or when they are trying to go to sleep.

Focus

When you are looking at a home, try not to waste the time of the agents, sellers, and buying partners by focusing on the matters at hand. This does not necessarily mean non-home buying issues are off limits, but try not to be so social or otherwise distracted that you don’t get to the point of the visit. Be polite and conversational, but make sure that you take care of business at the same time.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

Home showings are like first dates. It’s important to make a good impression and communicate what you have to offer. Afterward you may be nervously dialing a number or answering your phone. Just like there are first date faux pas, there is certain etiquette when it comes to showing your home. Don’t be guilty of these common showing ‘don’ts.’

Don’t buzz around the showing

Although the rule is not set in stone, it is generally thought that the owners shouldn’t be around while a showing is taking place. Even if the seller is not being intrusive, the prospective seller may not be able to totally focus on imagining themselves living in the house, ask questions, or voice opinions to their agent or buying partners. It is usually distracting to have the current home owner there, and the prospective buyer may feel pressure to express positive thoughts to the current owner.

So, if you are present while your home is showing, it is important to give the prospective buyer some space. You can be polite and introduce yourself, but don’t buzz around them as they are taking a look at things. That way, they feel more comfortable with taking a close, scrutinizing look at your home that they will need in order to advance further in the process. You should also make sure that any pets or other members of the household are absent as well. Try to be able to schedule showings whenever the buyer can come, but be sure your Denver real estate agents know what times you absolutely cannot be showing your home.

Don’t press the prospective buyer afterwards

It’s not the status quo to communicate with the buyers afterward unless they want to pursue the home further, but the modern showing process often offers more opportunity for feedback. Many online listing have an application where prospective buyers can leave comments for the seller after the showing. But with this new process comes new etiquette. Don’t pester the prospective buyers for a response, and be sure to accept constructive criticism gently—don’t argue with the buyer over their opinions or take them personally. The buyer may have given negative feedback despite being interested, so you don’t want to scare away the potential sale.

Don’t leave valuables sitting around

As much as you would like to trust people you are showing your home to, since you will not be around for every showing, make sure your valuables or other personal items are put away. This way, you don’t have to deal with the awkwardness of questioning showing attendees over lost items.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

If you are looking to sell your home but nervous about interacting with prospective buyers—don’t worry, buyers are just people. Many buyers will be easy to work with, and your interactions will be different depending on the type of buyer they are. Not all buyers are the same, but you often spot a trend when it comes to decision making and personalities of the buyer. But there’s no need to crack open the psychology textbook: like any other interaction, just try to read their personality—if they’re a minimalist, then their buying process will probably reflect this. Your Denver real estate agents will likely be the go-between , but if you get a chance to chat, take a look at some common trends when it comes to certain types of buyers:

The first time buyers

About the buyer: First time buyers will be more tentative when it comes to selecting their home. They may make most communication through the agent. They also may ask a lot of questions. Most buyers are cautious, but usually for a different reason. When it comes to first time buyers, they might be nervous concerning their new life stage and intimidated by what a big decision their first home will be.

What to do: The most important thing with first time buyers is to be patient. If an interested buyer has never bought a house before, pressuring them can scare them away from the sale. Make sure you keep interactions relaxed and casual.
The thorough lookers

About the buyer: Some buyers will be very thorough with their decision making process. This does not necessarily mean that they will take a long time, but rather that they may inspect every aspect of your home closely and want to know very specific details about everything. Some people just enjoy shopping and like to know everything about what could potentially be theirs.

What to do: You could consider indulging this aspect of this type of buyer, letting them know all the little tidbits about the home. Letting them enjoy the process can increase their intrigue concerning the house. Also, it is a very good idea to clean just as thoroughly as they will inspect. You can expect this thoroughness when it comes to every aspect of the buying process, from showings to signing on the correct dotted line.

The careful decision makers

About the buyer: This is not to say that it is bad to be careful or that those who decide on a home quickly are not careful, but some buyers may like to take a bit longer with these decisions. Unless there is competition, such as other bids for your home, they may not seem very motivated to buy your home.

What to do: Don’t assume that just because a potential buyer doesn’t seem interested that they are not thinking about your home. They may just be cautious about making decisions. If you aren’t getting bites otherwise, it is important to be patient with these buyers as well.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

We’ve been taking a look at community features that can add to home value. If you’re trying to buy or sell a home, the house and personal property itself is not the only thing you’ve got to think about. Community matters when it comes to home value. If your neighborhood has nice schools, well maintained landscaping and streets, and other features, then that makes your home more competitive in the market. Some other neighborhood or subdivision features that can supplement home value:
Proximity to amenities

Neighborhood factors in especially when you’re looking at how close it is in relation to all your favorite spots. This adds a personal type of value, but you should also consider proximity to urban areas, parks, shopping, nightlife, sporting centers, and other attractions. For many Denver neighborhoods, such as Berkeley real estate, Baker, Cherry Creek and nearby Aurora, outdoor recreational areas will be a huge draw when looking at where to live. The Cherry Creek reserve and other outdoor areas offer opportunities for hiking, camping, swimming, boating, cross-country skiing, and much more. If you are in close walking or driving distance to these areas, this adds to the value of your home. You can also look at the overall convenience of living in Denver—you’re a short car ride away from skiing in the Rocky Mountains and surrounded by plenty of different types of recreational areas and state parks.

Special events

Living in a community that is close to any special events can increase home value, even if these events aren’t happening every day. Even annual events bring attention to the area, which makes properties more desired overall—value tends to follow the action, as restaurants and other establishments that add value often sprout up around areas that hold special events.

Pet friendliness

There are two main concerns when it comes to pet friendliness. If you’re talking about buying and selling real estate, the home owner will be able to decide whether or not to get a pet—unless you live in a condominium or similar type of complex that has certain restrictions on dogs. The other issue is how nice the community is in terms of use for your pet—are there nice dog-walking paths nearby? This is where pet friendliness goes beyond whether they are allowed or not. A community that is good for pets can add serious value to a home, especially when you consider how important pet-specific amenities are in the life of a pet owner. If you are close to a dog park or another park that is pet friendly, then this could be a major selling point. And if you have a small backyard, a nice neighborhood for dog walking can be a good solution when looking to list Baker real estate.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.