This market is familiar to me. It could change overnight or first thing this Spring.
Homes are still selling but at lower prices than before. So it is very important to
price it right at market value. Also renting is different that a year ago. Many calls and
everyone has pets. This could results in damage which also brings the price down.
It is a hit and miss situation. I suggest listing with us as we have a very inivative marketing
program. Hope to hear from you soon. Toni Heiden

Bryan,
All of the answers you have received have been great advice. The largest component to getting your home sold in today's market is PRICE$! Make sure you have an updated Market Analysis and price it right from the start! Your most exposure is in that first couple weeks and if it is not priced right then you will be playing catch up with the market while your home sits. You may have to take a slight hit on your equity, but when you go to buy a new home in Denver you will probably get it for a better deal in a Buyers Market. Instead of refinancing, I would suggest selling and looking at other financing options for less money down on your new home. FHA just raised thier loan limits again and you can put as little as 3.5% down.

That's an awesome idea Sandy! Trades are very common right now and create a win win situation! I hope it works out for both of you. Good luck!

Hi Bryan, I just read your question. This is probably too far fetched but my son just put his 2 bedroom condo on the market 2 days ago, in Thornton, Colorado. Maybe you 2 could trade to save you both lots of money. He put it on for $125,999.00 I think, and it's a newer well kept. You can look at it here on Trulia, the address is: 3251 E. 103rd Place, 1110. Zip code is 80229. There are 6 pictures of it. You never know, it could help the both of you.

Hi Bryan! Our market is still tough, but things are loosening up a little. So I don't know when you previously had your home listed or for what price, but I would suggest getting with your Realtor and have them run some fresh comparables with new days on market computations and settlement figures for you before you make a final decision. There is always the lease to own option (which you could do here and in Denver) but those come with risk. The refinance idea is good, but comes with a cost. So depending on how much equity you have, it could be a good option or it could put you at higher loan to value ratio which could make it more difficult to sell, especially if the markets drops. Also, keep in mind that renting is also a risk. Hope that helps. Please don't hesitate to call me if you'd like to discuss this further.

Shelly Christensen, Broker Associate
Re/Max 4000, Inc.
(970) 985-1525

You may want to consider refinancing if you have enough equity in the home. Then you would have more for a down payment. If you want to do a cash out refinance then you would not want to put the house on the market because that would make it very difficult to refinance. On the other hand , you would be qualified for an FHA loan and would only need 3.5% down on the new home in Denver. There are several loan options for your current residence and the home you're purchasing in the future. I am available anytime to answer questions.

Thank You,

Dominique Ressurreicao
Co-Branch Manager
American Pacific Mortgage
559-892-6812