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Selling A House In Colorado – Bankrate.com

If you’re thinking about selling your home in Colorado, you are in a good position. So far in 2022, houses and condos in the Centennial State have been selling for around 3.7 percent over their initial asking price, according to d…….

If you’re thinking about selling your home in Colorado, you are in a good position. So far in 2022, houses and condos in the Centennial State have been selling for around 3.7 percent over their initial asking price, according to data from the Colorado Association of Realtors — a signal that the state’s real estate market is hot. However, putting your home up for sale doesn’t automatically mean you will score a big profit. Use this guide to understand when to list, how to attract more buyers and what to expect from the entire process.

Preparing to sell

Before you start thinking about how much you can make from a sale, consider whether you’re actually ready to part ways with your current home. There is an emotional connection, so you’ll need to make sure you are OK with leaving the place where you have spent so much time. There are also serious financial considerations, especially if you’re trying to sell your house while buying another. If you’ve thought about it and are ready to sell your house, it’s time to answer three important questions about the property.

1. Is it worth upgrading your home before you sell?

Major upgrades or renovations take a lot of time and cost a lot of money, and the vast majority of projects do not recoup their full price tag when it’s time to sell. So it’s probably not worth remodeling the entire kitchen or building out a new home office before you list the home. It’s still wise to consider quick or inexpensive improvements, though, that can add value to your home without too much outlay.

2. What should you repair before selling your home?

Think about it this way: You should consider fixing anything that you would want to be repaired if you were buying the home. For example, if an insanely windy Colorado day damaged your outdoor deck, you may want to address that before showing the home. Additionally, think about issues that may be lurking beneath the surface. A pre-listing inspection can help you get out ahead of any major problems before they are found by a buyer.

3. Should you pay to stage your home?

You might also think about investing in a professional home staging service — like dressing your house up in its best evening gown to turn every buyer’s head. The cost of home staging varies depending on whether you need minor sprucing up or more complex services, like long-term furniture rental, but it can be money well spent. First impressions are a critical piece of the real estate game, and a well-staged …….

Source: https://www.bankrate.com/real-estate/selling-a-house-in-colorado/

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