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Selling your house in a seller’s market 2021 – What To Know!!
Video Transcript Below
Seller Beware, it’s a crazy competitive seller’s market. You may be thinking of selling your house, or maybe you already are.
There are a few things you need to consider. I know it can be nerve-wracking with all these offers being thrown at you. I understand it can be stressful, but don’t worry I’ve got you covered. Hi, my name is Tristan Colborg with the Denver Real Estate Agent.com and EXP Realty in Denver. As your local real estate expert, there are a few things I’ve learned when selling homes here in Adams County. I specialize in selling homes here in Commerce City, CO 80022 and Thornton, CO 80602. Obviously, you want the best price for your house and the best terms.
Dealing With Multiple Offers
When you’re dealing with multiple offers, the agent representing the buyer may remove the contingencies. That’s great, and I’ve found that buyers sometimes will pay a significant amount over the home’s list price. But you need to make sure that if they do this, that they remove the appraisal contingency. Also, make sure they truly understand what it means to remove that contingency. The buyer will pay the difference between the home’s appraised value and their offer amount, meaning what the appraiser says it’s worth and the price offered. So if the difference is huge, you need to make sure the buyer has the funds on hand to pay that difference in addition to their down payment and closing costs. I have seen homes where the buyer paid $50,000 over the appraised value, and the buyer had to come out of pocket for that difference. So be careful when selling and make sure this is a consideration.
Agent Helps Choose The Best Offer
Remember, these are just a couple of things to consider when selling your home. Thanks for watching. I’m Tristan Colborg with The Denver Real Estate Agent.com, and I am always here to help you sell your home and make sure that the process goes as smoothly as possible. Feel free to call me for any reason, and remember, you deserve an elevated real estate experience. Also, check out my YouTube channel, The Denver Real Estate Agent for more tips to keep you safe when selling. And don’t forget if you’re thinking of selling your home here in Commerce City, Colorado 80022 and Thornton, Colorado, 80602, I am your specialist.