Licensed real estate broker/owner
Did you end up selling your home in Prides Crossing? In case you didn't, now may be a good time to put it on the market. There is only one home currently available for sale in Prides Crossing...supply and demand. For years there's consistently been between 24,000 and 32,000 homes available on the market in the Denver metro area. Right now there's just over 14,000 homes available and many of them are short sales, foreclosures or HUD homes. If your home is in good condition you might want to get it on the market now instead of waiting until spring when most people like to put their homes on the market. The lack of inventory is making it a bit difficult for Buyers to find a nice home right now. Currently I have an offer in on a home for one of my Buyers that wasn't even listed for sale. We're having to door knock to find homes for our buyers. We are running around asking other Realtors and Real Estate Agents if they have homes coming available that fit our Buyers needs. The nice homes that are priced fairly are getting multiple offers and selling a little over list price. Why wait till spring when you most likely will have lots of competition. Let me know if you want me to give you an idea of what it would sell for right now.
The Kinslow Team LLC
Coldwell Banker Residential Brokerage
It really boils down to your loan balance and can you get out now. The big quetion is "are you able to get out!" I have sold Real Estate for 32 years in Aurora so I have the experiance to get a home sold. I have seen so often that sellers rent their homes because they can't sell it and they think a few more years. Can you aford to keep feeding the rental? Every year, what are you adding in depreciation on you bottom line? I have seen where the seller hangs onto the home and brakes even with cash then they have $40,000 gain on deprisiation they pay taxes on it and that really hurts. They think well if I wait a few more years and the value goes up a little to pay for the taxes you owe, it will be fine. Each year you keep adding more and more depreciation on to your gain and it get worse and worse. Check with your account!!!
Sometimes, the lose is great for your bottom line also.
If you think I can help you, feel free to call me at work... Jim Greer 303.693-9117 PS. I do have my listing under contract right now at a good price. or emai me direct email@example.com
I would wait it out if your tenant is strong and you are able to manage your mortgage well. The rental market is strong due to all of the foreclosures. You will need your home to be "sharp" and may need to upgrade it to make it competitve in the marketplace to sell right now.
Please call me next year when you are ready to sell it for the highest price in the shortest time
Exit Realty DTC
It really depends on what you are wanting to do. I would suggest getting a Comparative Market Analysis done by a Realtor to help determine what your home could potentially sell for and if that would meet your criteria. The median sold price for homes in the last 6 months in Prides Crossing is $213,500.00. That's based off of 10 listings that sold. There are currently 15 homes for sale in the Prides Crossing neighborhood. Talking with a Realtor could benefit you in determining whether you can achieve your goal and is usually provided for free with no obligation. I hope this was helpful and please feel free to contact me with any questions. Good Luck!
Signature Realty, Inc.