colorado real estate

8 things to know when selling your home

It’s a great time to sell a home in Colorado. One recent study found that Colorado is one of just eight states where more than half of all zip codes saw double-digit increases in home values over the previous year. But, even in a booming market, selling your home is complicated. Check out these expert-tips before you sell your home.

Listings down, prices up in mountain towns

Real estate experts say pandemic influences include pent-up demand from buyers, limited availability as potential sellers choose to remain in place, interest rates as low as 2.5% for a 30-year mortgage, and significant increases in location-neutral workers who have proven productive. The active summer buying season extended into fall after limited in-person showings in spring. The tight single-family home inventory and price appreciation have put dreams to relocate on hold for some.

Nothing stands in the way of Colorado’s real estate market

As COVID-19 stormed into the country, many feared the housing market would take a turn for the worse. But fortunately, just the opposite occurred. Lower interest rates, pent-up demand and quarantine have resulted in the recent housing boom. While home values continue to appreciate, this is good news for investors looking to make 20-year real estate investments in 2020.