Colorado Real Estate News

Frequently Asked Questions for Homesellers

You may be hesitant to sell your home. We get it. The memories are profound. Perhaps the window overlooking the willow tree will always be where your cat perched, or the bathroom is where you realized your family of three was soon to be a family of four. Although it may seem challenging to move on from your house, a new home will provide a better canvas for new memories to bloom in a space better catered to you and your family’s needs. So, let’s dig in and alleviate some questions you may have. 

1. Should I sell my home now? Why?

Absolutely. The real estate market is white-hot right now and homesellers are benefiting greatly. According to the Denver Metro Association of Realtors®’ June Market Trends Report, the average increase in active listings from April to May is 8.11 percent. However, May of 2021 saw a decrease of 20.01 percent, the most significant month-over-month decrease on record. The only other month-over-month decrease came in 2000 at 3.15 percent. With scarce inventory, millennials reaching peak homebuying years and the renewed importance of home, hungry buyers are clamoring to purchase properties and are willing to pay a premium for their dream home.

Are you not convinced? According to Realtor.com, the national median listing price increased 15.20 percent from the previous year, hitting $380,000. The market is on fire and waiting for you to capitalize on it, but sellers should act fast. Interest rates dipped below 3.00 percent at the end of May, but low rates won’t be here for the long term. Homebuyers have greater purchasing power with lower interest rates so selling your home now or within the next few months will earn you the most value for your residence.

2. Are there costs to selling my house?

Yes. Typically, you must pay 10 percent of your home’s value in fees and expenses. 

Selling expenses can break down into the following categories:

  • Prepping and staging your home 
  • Real estate agent’s commission
  • Repair costs
  • Seller concessions 
  • Homeownership costs
  • Closing costs 

However, with residential real estate’s close-to-list price of 105.92 percent in the Denver metro during May 2021, that additional income can take care of a great deal of the costs.

3. How long will it take to sell my house?

Waiting for your house to sell used to feel like watching paint dry. But the good news is that the average is much lower than you’d think. According to the Denver Metro Association of Realtors®’ June Market Trends Report, homes are flying off the shelves. May 2021’s residential real estate had average days in MLS of only 11 compared to 24 days a year ago. 

4. What can I do to maximize my profits?

Making your home as presentable and appealing will enable you to receive as much profit as possible. Consider fixing minor aspects of the house, such as leaky plumbing and loose doorknobs. Keeping the yard maintained is a simple fix that could make a significant difference—adding fresh mulch in flower beds or new pine straw to give an orderly first impression to prospective buyers. Presentation is everything. For some expert guidance, Kentwood’s unique Amplify service grants you access to a curated team of professionals trained on how to best enhance your home’s appearance and value with no cash out of your pocket until your property is sold. 


If you are on the fence about selling your home, you should strongly consider listing it now, as the conditions are primed to earn you a large amount of cash for your property. The memories and familiarity may seem challenging to move on from, but the comfort and joy that you created in your old house can be brought with and improved upon to make any new space your home, along with benefiting from a better-suited environment. For assistance with selling your residence and navigating our unique market conditions, contact an experienced Kentwood broker today. 

Colorado Real Estate News

2019 Promises Lots of Opportunity in the Denver Real Estate Market

Opportunities in the Denver Real Estate MarketHomebuyers and sellers are seeing a lot of opportunity in the metro-Denver real estate market as of late.

Since 2012, homeowners have received incredible appreciation. For those considering selling their home to move-up or to tap into their equity, now is an ideal time to do so. In addition to being in the midst of a seasonal slowdown, over the last few months, the market has been shifting toward balance creating conditions that benefit both buyers and sellers. So, what exactly are these conditions?

More Home Choices for Buyers and Continued Strong Home Prices for Sellers

In November, year to date, housing inventory has increased 46.76 percent compared to last year in the residential market (single-family and condos), but was down 11.82 percent from last month. Those figures reflect that fewer homes sold in the Denver area in November, down 17.27 percent from October, and that dropped the number of sales year to date to less than any in the past three years. For perspective, though, the market has been in the fast lane for several years and is simply shifting to more neutral conditions.

The low months of housing inventory will keep homes prices strong. While the average sold price of $462,344 was down 6.3 percent from the peak price mid-year, it is up 6.47 percent year over year.

Seller’s Market for Homes Priced Under $1 Million

Single-family homes priced under $1 million had three months or less of inventory at the end of November, showing sellers still had control in the bulk of the market. Anything under five months is considered a seller’s market and over six months is a buyer’s market.

Buyer’s Market for Home Priced Over $1 Million

The luxury single-family home segment is sitting at 7.22 months of inventory, and the luxury condo market is sitting at 6.67 months. This is an important indicator as this shows that the ‘luxury market’ (homes priced at $1 million and greater) is officially a buyer’s market.

Overall, 2019 promises to be another strong year for both homebuyers and sellers in the Denver-area. So, rest up this holiday season and get ready for a fresh start come January.