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Denver experienced a population boom in recent years, and most great homes found buyers in a relatively short period of time. Now that things have gotten a little less hectic, the market has settled down. This is great news for people who are happy to live in their Denver homes for the next decade, but it may not be so advantageous for families looking to move out of town.

PROPERTY VALUES IN DENVER

It’s virtually impossible to pinpoint a sole lifestyle in Denver. There are just as many large families as there are young entrepreneurs. Denver serves everybody, and it does so with a wide variety of properties designed to suit a myriad of budgets.

In an area where you’re just as likely to see well-to-do business people as you are to see millennial couples, you can expect property values to shift all over the board. Affordable areas like Windsor are troves of humble homes, where South Park Hill sees a higher standard of living.

Denver has grown a lot over the years, creating a blend of old and new constructions. Newer homes are designed with modern luxury in mind, commanding a higher home value. Some of the older homes have seen better days, and these properties are generally regarded as less desirable.

A home with a low state of repair that hasn’t been modernized in decades won’t command that high value, and neighborhoods with many homes that fit this bill will see lower average values for this exact reason.

Denver, CO 2016 Housing Market Snapshot

thedenver-100.com

CURRENT MARKET IN DENVER

By technical standards, Denver’s market is exceedingly healthy. In fact, it’s one of the healthiest in the state of Colorado. Despite its health and stability, the market is also on the cooler side.

Things are stable in Denver, with a very low amount of properties carrying negative equity and virtually no issues with delinquent mortgages or foreclosures. Most residents of Denver are sticking around for the long haul, and the influx of new residents has come to a gentle stop. When people are happy and snuggly settled, it’s typical for a market to cool down.

Just shy of 15% of homes in Denver will sell at a price cut, while slightly over 1% sell for less than their previous sale price. The homes that sell do so successfully, even if they’ve been sitting on the market for a while.

Denver Colorado Skyline at Sunset

Downtown Denver

WHAT IF I CAN'T SELL MY HOUSE?

Even if it takes a long time, most homes on the market will find a buyer. This is most likely a result of rent being exceedingly high in Denver – in some places, it’s double the national average. For this reason, many renters decide that it is a more economical option to purchase a home if they intend to stay in Denver for the coming years.

The majority of homes will sell in Denver, even if it does seem to take forever. If you don’t have the time to wait for the right buyer or if your wait has gone on longer than you can stand, you might want to consider breaking tradition and selling in an alternative manner.

While most homes in Denver sell on a long enough timeline, not every homeowner can wait it out for months, or even years, until the right buyer comes along. This is especially true for homeowners looking to sell older properties.

Many people relocate to Denver and fall in love with newer construction. Dated homes or homes in need for repair won’t see the short list of considerations for many potential buyers, and a homeowner’s options to remedy this situation are limited.

DOES YOUR HOME NEED REPAIRS?

If your property doesn’t align with the expectations of a typical buyer, you can take it upon yourself to shape the home into their vision. The only complication you may face when opting to take this route is that it’s expensive, and requires a significant amount of out-of-pocket expenses. Not all of these expenses offer a return on investment, so in the long run, it may not be worth your time or money to choose to go in this direction.

LIVING IN A BAD NEIGHBORHOOD?

Sometimes the property itself isn’t the problem, but the neighborhood is cause for concern. Neighborhoods with higher crime rates don’t look good on paper, and many families with children are quick to pass up properties in certain locations.

If your home is located in East Colfax, Green Valley Ranch, Gateway, Lincoln Park, Montbello, or Five Points, buyers are most likely overlooking your home in favor of areas with better safety statistics. This doesn’t mean your home is unsellable – it just means you’ll have to find a buyer that doesn’t mind the state of your home or the area it’s in.

WILL AN INVESTOR BUY MY PROPERTY?

If you’ve become disillusioned with the waiting game, it’s safe to assume an investor will be interested in your property. It doesn’t matter how much work your home needs to become desirable to the general public, or what the rest of your neighborhood is like.

Investors seek out these homes for purchase and spend their own time and money transforming them into the vision a typical buyer finds most appealing. Home Buyers USA is a team of investors with a wealth of experience in doing exactly that.

If you’re looking to unload your Denver home that’s difficult to sell, we’re more than eager to prepare you a quick cash offer. All you need to do is provide us with your contact information as well as the details surrounding the property you’d like to sell.

One of our experts will contact you to facilitate the quick and easy sale of your home – no matter how difficult the traditional market has been for you.

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THREE STEPS TO OUR PROCESS

When you decide to contact us, we use a three step process to jumpstart the sale process. It’s easy and it doesn’t require much on your part. We’re already well equipped – we just need you to help us help you.

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