Should You Accept the First Offer You Receive on Your Denver Home?

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In a strong seller's market, there are two different types of exposure. One has to do with marketing and the other has to do with time. We'll dive into both of these to ensure you understand the best strategies you can put in place to make sure you get the most amount of money for your home with the least amount of stress.

We put a home on the market Thursday of last week. We had 10 showings and two contracts the first day. Both the buyers who submitted an offer tried to pressure us into accepting it within 24 hours. We decided to let the property sit on the market for the entire weekend, which resulted in a total of nine contracts and even some cash offers. The seller was able to leverage all of these buyers against each other and get the best possible offer.

If we would have done this the old school way and accepted the first offer, the seller would have lost out on $11,000 and the chance to rent back the property, which turned out to be a huge bonus for this particular seller. This allowed them to buy their next home while living in their current home after they had closed.

Marketing is also extremely important, even in a strong seller’s market. If we can draw a lot of people into your home in the first couple of days that it’s on the market, we’re going to have a better chance of getting these people to bid against each other. This results in more money in your pocket, better terms, and your choice of financing.

If you have any questions about how our team can use time and marketing to get the best possible results when selling your Denver home, please don’t hesitate to reach out to us. We would love to help you take advantage of this strong market! 

Hire the Right Denver Real Estate Agent

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Want to buy a home? Search all homes for sale.

Are all real estate agents equal? The answer is no. It’s important to interview more than one real estate agent. Today, I want to share some good questions you should be asking a real estate broker before you hire them.

1. Do you work with a team or are you an independent agent? If you work with a solo real estate broker, there’s a high chance they will have a conflict in their schedule when you’re looking at homes. Homes are selling incredibly fast in today’s market, so missing a showing could mean missing out on your dream home. With my team, you have 6 agents available to show you a home whenever you want.


2. How many properties have you sold in the last 12 months? Here in Denver, there are 16,000 licensed agents, and 8,000 of them have never sold a home. The average real estate broker should sell at least four homes a year. When you hire an agent, you’re getting more than their experience; you’re also getting their connections. An experienced agent who sells more than 4 homes a year will know inspectors, title company reps, structural engineers, and attorneys. The more sales an agent has, the better he or she can navigate tricky transactions.


3. Can you provide me with references or testimonials from previous clients? Is there a website where you can see that past clients had good experiences with this agent? You also need to look for recent testimonials. It doesn’t matter if a client had a good experience with this agent 15 years ago.


4. Follow your gut. Work with the person you think understands your needs best and will work on your behalf to accomplish your goals.

If you have any questions, give us a call or send us an email. My team and I would be happy to help you!