Selling a Home

Cleaning 101 Before Listing

Before you put your home up for sale, you'll want to ensure it's clean for all of the buyers that will come through. A dirty house isn't appealing, and you won't get a good offer, if you get one at all, if your home isn't in tip-top shape. Cleaning your home doesn't have to be overwhelming, below we've listed the top things to remember to clean for each room.

FOYER:

+ Clean the door and hardware.
+ Wipe off all fingerprints on windows/furniture. 
+ Clean off scuff marks on floors and door.
+ Replace all light bulbs and ensure light fixtures are working.
+ Tidy/clean up the coat closet. People WILL look in there to see the size.

KITCHEN: 

+ Wipe down all cabinets.
+ Clean all appliances, inside and out.
+ Clean stove hood, on top and bottom.
+ Clean behind the refrigerator, on top and bottom too.
+ Ensure the microwave is clean of food splatter. 
+ Clean the space behind the sink.
+ Wipe down blinds/shades.
+ Wash any kitchen rugs, clean the floors and baseboards.
+ Store all of your pet food/food out of sight.

BATHROOM: 

+ Clean behind the toilet and under the sink.
+ Only display absolute necessities, declutter.
+ Organize and clean under the vanity.
+ Scrub floors and clean grout lines.
+ Keep dirty clothes and towels off the floor.
+ Be sure to lock away any medication.
+ Clean the fan and make sure it's functioning.
+ Replace any dead lightbulbs. 

BEDROOM:

+ Wash sheets, comforters, and blankets.
+ Clean the curtains and rugs.
+ Dust furniture. 
+ Remove any obvious stains from fabrics.
+ Keep closets clean and organized.
+ Store away...

Using Paint to Enhance the Size of a Room

Paint colors can drastically affect the feeling of a room. It can make it enjoyable to be in, or leave you feeling uncomfortable. It can alter the perception of the room's shape and size and add to, or take away from, the atmosphere you're trying to portray in your space. The paint you use in your house can make or break its aesthetics. 

COLOR TIPS

Dark Colors:
+ Adds coziness to a room.
+ Used to make a large room feel smaller.
+ Advances the color in the room.

Light Colors:
+ Used to make small rooms feel bigger.
+ Recedes the color in a room.
+ Light colors help the space feel airier.

Lighter colors tend to recede, which makes it appear farther away, therefore making the room feel bigger. Darker colors tend to advance, which makes them seem closer, in turn making the room feel smaller. You can use colors to completely modify the size of a room by perception. You can use this concept to minimize unattractive features in your house or highlight focal points. 

If your room is too large and doesn't make the space feel cozy, you can paint your ceiling a darker color than the walls, to help them feel a little lower. Conversely, if your ceilings...

Residential Property Disclosure Basics

Residential Property Disclosures

When selling your home, you're obligated, by law, to disclose certain information about your property. Most states require that all sellers complete a written property disclosure form. Majority of the forms have a required set of questions that must be answered. 

THE BASICS

Most states require sellers to complete this form when listing for sale. Nearly all of the questions are a basic yes/no/unknown response. The questions will address material facts, major defects, special disclosures, and federal disclosures. All forms vary by state and require different information. 

MATERIAL FACTS

These include the age of the property, it's condition, known problems, and defects. These are all of the information that would influence a buyer's decision to purchase your home. These disclosures require you to address known defects, things that are reasonably apparent,...

The Process: Steps 7 & 8 For Selling Your Home in Denver

Step #7: Preparing to Close

About a week prior to the scheduled closing, we will provide the date, time and place of the close. We will also stay in constant contact with the Buyer’s agent to make sure everything is on course for a successful close.

Final Walk-Through

Expect the Buyer to enter the property to complete their final walk-through 1-2 days before the settlement date. This is to ensure that any items that were agreed to be fixed are now in working order as outlined in the contract and that corresponding receipts are readily available (per mutual agreement in the contract).

Settlement Sheet Review and Closing Costs

As soon as I receive a copy of the Settlement Sheet, we will review together to confirm its accuracy per the Contract.

Depending on how the Contract was initially structured and the type of loan (Conventional, FHA, or VA), the Seller might expect to pay for the following:

  • Owner’s Title Policy and Extended Coverage Premiums
  • Existing Loan Payoff(s), i.e. outstanding loan balance
  • Release of Deed of Trust Process Fee(s)
  • Pro-Rated Real Estate Taxes (taxes are paid in arrears in Colorado)
  • Tax Certification
  • Pro-Rated Water and Sewer (this will be held in an escrow account by the title company. You will be refunded any excess amount by mail following the settlement)
  • Real Estate Closing Fee (usually split between Buyer and Seller)
  • Courier Fees
  • HOA Dues Proration, Transfer Fees, and Document Distribution
  • Wire or Cashier’s Fee
  • Escrow Set Up Fees
  • Miscellaneous Recording Fees
  • Listing and selling broker’s commission
  • Home Owners Associations special assessments

Remember, this is a general overview and is subject to various factors, especially the type of loan.

And... Closing Day!

Following the review of the final settlement sheet, (prepared by...

7 Ways to Get Your Home Ready to Sell

Denver residential real estate is hot right now with no imminent signs of changing. When properly priced and in great condition, homes under $400,000 are moving quickly and receiving multiple offers. Even under these conditions, sellers can use this opportunity to maximize profit and limit days on the market with proper preparation.

Here are 7 tips to help prepare sellers to make sure their home is sellable before officially putting it on the market:

1). Repair: Fix any problems you’ve had with your house that you haven’t gotten around to yet!

 Whether it’s a minor or major issue and most certainly if it’s a safety item that needs to be repaired or replaced, it’s better to get it out of the way before the home goes on the market. In the metro-Denver area, roof issues are common, especially following spring and summer hailstorms.  Homeowners are often unaware of the issues until months later. Appointments for insurance adjusters to inspect roofs can take weeks so it’s imperative to address issues prior to listing.   Lending underwriters are unlikely to lend on a property with a bad roof so unless a buyer is paying cash, it is easier to address before it goes to market than when under contract. Additionally, it is a good idea to have the furnace cleaned and serviced, ensure electrical items are to code as well as fix any other safety-related items. Some real estate agents suggest a pre-home inspection, which is usually unnecessary. 

2.) Make it less personal: Remove most of the family pictures, wallpaper, and other personal effects.               This will help prepare you mentally to move on from your current house, and will also make your job easier once it comes time to start showing it. Removing clutter will maximize the perceived space in your home to potential...

Make These 5 Home Improvements Before You Sell

Considering selling your Denver home?

Selling your home is often a must before finding a new one, and getting top dollar for your current home is what Denver Realtors and homeowners strive for. Even if you are just planning on moving down the road, adding certain upgrades to your home can drastically improve its value. When the upgrade will net you more money in sales than it cost you to do, that’s a positive return on your investment (ROI). Certain upgrades will give you a great ROI, while others are necessary to sell your home in the first place. Here’s a list of some of the improvements that will give you the most bang for your buck:

Basic Maintenance & Replacements: New roofs, siding, cocking, and windows may not seem like flashy upgrades but they are among the most profitable when it comes to increasing resale value. Buyers look for move-in-ready homes that they aren’t going to have to spend a lot of extra money on. When these basic maintenance projects aren’t done, buyers tick dollars off of what they are willing to pay for the home. Knowing that a house has been cared for well and is in good shape is a great selling point. These projects also increase the efficiency of your home, so you can tell your buyers to look forward to lower utility bills. Getting these projects out of the way will provide peace of mind for both you and your buyer.

 Curb Appeal: As cliché as it is, first impressions are absolutely critical. When buyers are searching for a new home, the exterior is their first impression, and it will either get them in the door or send them elsewhere. In the competitive Denver Real Estate market, sellers want to attract every person that drives by and sees the home. As such, you want your home to look as nice on the outside as it does on the inside. You may not be able to change your neighbor’s lime green shutters but you can give your home a...

Curb Appeal, Making an Impression

THE DO’S AND DON’TS OF GETTING YOUR HOME READY FOR THE MARKET

Detailed below are seven simple tips to consider while preparing your Metro Denver home for sale. Your relatively modest time and monetary investments will be reflected in your home’s shorter stint on the market and higher selling price.

1) Power Wash the entire outside of your house, including the windows, garage door, and front door. Although homeowners don’t often assess the cleanliness of their home’s exterior, potential buyers certainly do. You will be amazed by how much more appealing your home looks in photos and marketing materials as well as in real life after a thorough power wash. If you don’t own a power washer call Arapahoe Rental at (303)-798-1328, as they typically stock several models to rent.

2) Paint matters. A fresh coat of paint can make your house stand out and show that it has been maintained. Hiring professionals are well worth the money if your house’s exterior is looking shabby. Maybe the trim simply needs a coat of paint to make the house pop. Painting or refreshing the front door is a must. When selecting paint colors for the front door red, black or navy typically work for Colonials, Tudors, Cape Cods, Craftsmen Bungalows, or Denver Four Squares. Shades of beige or terra cotta work on Mediterranean or Mission style homes and bolder and more daring color selections work for Victorians, Italianates, and Mid-Century Modern homes. Finally, don’t forget to polish the address numbers on your house either; it will help buyers remember the address attached to the house they want!

3) Mow your lawn, trim your hedges and trees, add or replace sod, and tend to any flowers during the warm months. Having a neat lawn with properly trimmed foliage will entice buyers into seeing what the interior of your home has to offer. Selling during winter months entails removing snow from driveways, sidewalks, and entryways. Aside from removing liability issues,...

Why You Should Consider Selling in the Winter

Selling In Winter Attracts Serious Buyers

The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.

Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.

Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.

Bottom Line

If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.

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