If you have been asking yourself “How Do I Sell My House As-Is In Denver Colorado” then you have come to the right place, because we here at HBR Colorado have been successfully working with homeowners in the Denver area, and purchasing their homes with our own cash and then fixing them up and reselling them, or renting them out on the local market. We purchase homes in as-is condition, meaning you don’t have to make any repairs to the property whatsoever, and you can even leave the yard filled with junk, we don’t care! We will handle all of the junk, all of the repair, and all of the closing costs, so if you are interested in using our professional home buying services please give us a call today at (719) 286-0053 and someone from our team will be more than happy to assist you.
How Our Sell Your Colorado Home As-Is Program Works
Our Sell Your Colorado Home As-Is program works in three major steps:
Step 1 – We analyze your property along with other similar homes in the same neighborhood that have recently sold and we come up with the “After Repair Value” which is the full value of your property once it has been fulled restored to it’s best use.
Step 2 – We determine the total cost of all repairs, and exactly how much it will take in order to fix up the home to it’s full market value.
Step 3 – We subtract the cost of repairs from 80% of the full market value of the home to come up with our cash offer.
Since we are paying with cash and can close quickly, and will be taking on all of the risk of fixing up the property and reselling it on the open market, we are able to pay up to 80% of the full market value of the home, minus repairs.
For more information on selling your Denver home fast please read How To Liquidate Your Home Rapidly In Denver Colorado
Don’t Get Hung Up On Percentages And Forget To Calculate The Additional Costs Of Listing With An Agent
A lot of homeowners get hung up on this step, and complain that we are simply lowballing them with our offer of only 80% of the full value of the home. But, most sellers fail to take into consideration the added costs when listing the home with a realtor and waiting around for months until it finally sells. First, there are the repair costs that you will be responsible for. You will be responsible for overseeing all of the repairs, and will have to buy the materials and do it yourself or hire a contractor.
Then, there are the listing fees and commission fees that you have to pay to the real estate agent who is selling your home. Agents typically charge 5 – 6% in the Denver market, so if your home sells for $100,000 then you have to pay $5,000 – $6,000 in commissions to satisfy the agent. On top of all of this, there are the monthly holding costs on the property, as you will still be responsible for paying the mortgage, taxes, insurance, water, electric, sewer, etc for the months that you are still holding the mortgage and until the day that the house finally sells.
For more information on our home buying program please read our other page We Buy Houses Denver CO
Adding Up The True Cost Of Listing Your Home With An Agent
So by the time it’s all said and done, yes you were able to get a lot more money for your home, but look at all of the added time, effort, and money that had to go into the process. That lengthy, drawn out process is exactly what we are going to have to go through after we buy the home, and that’s precisely the reason why our cash buying program works the way it does, at the 80% home value minus repairs formula. Our formula is much better than other home buyers in this same market, who usually are only willing to pay 60 – 70% of the full market value of the home.
We are only interested in making deals that are win-win for everyone involved, so unless you really need to sell in a hurry and don’t have the time or money to perform the repairs, then our program probably isn’t right for you and you should consider listing your home with an agent. If you do need to list your home with an agent, we can also help with that too, and will refer you to one of our highly recommended, licensed real estate agents in the Denver market. Feel free to give us a call today at (719) 286-0053 and we will be able to come up with a custom solution for your specific situation, and we’ll get your home sold fast!
If you are ready to sell your home as-is for cash in Denver Colorado then please fill out the form below with your name, property address, phone number, and other information and someone from our professional home buying team will contact you within 24 hours with a free online quote of exactly how much we’d be willing to pay for your home in cash. If you accept our offer, then we can close out the deal within 7 business days, or whenever it’s most convenient for you.