If you have had any thoughts of selling your house, you really need to know what your house is worth. (Use our simple tool to find out.) The next step is to compare what it's worth to what you owe. If it's worth more than you owe on your mortgage, congratulations! You have equity!
And friend, we are here to tell you that our market (Aurora, Centennial, Parker, Denver) is begging for equity sales. We wrote about this topic last week, and in November, and explained it most thoroughly a few weeks before that. We keep beating this dead horse because everywhere we go, people (not realtors) keep telling us how dreadful the real estate market is and how nothing is selling and it's an awful time to sell. This is simply not the case--and knowledge is power.
Here's one example: Our office put an equity sale on the market at 6:00 p.m. this Tuesday. Within 24 hours, the house had 6 showings and a full-price offer. True story.
Let me repeat: inventory is down 25% over last year, and over 50% of it is bank-owned properties and short sales. If you have a well-cared-for house and you have some equity, you will be a very big fish in a very small pond.
So, to sum up: should you sell your house? If you have even the vaguest intention of selling your home any time in the next few years, you may want to consider jumping in right now. Find out what your house is worth, take a look at what else is available, and call (720-891-9000) or email Marty. He'll set up a time to discuss your options. We would love to help you get it prepped and sold in record time, at a price you can feel good about.
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