What's My Denver Home Worth? | Alana Hankins Group

If you’re thinking about selling your home, you’ve probably spent some time thinking about what it could sell for.

Here’s the good news – if you’ve owned your Denver home for at least a few years, there’s a good chance it’s gone up in value from when you first purchased it. That being said, determining a property’s market value and accomplishing a top-dollar sale are two different things.

Looking to get a market valuation from a Top Denver Real Estate Agent? Click here to book an appointment with me.

Why Are Denver Homes So Valuable?

Just a few years ago, Denver welcomed an unprecedented wave of new home buyers. These incoming buyers (many of whom were relocating from elsewhere in the country), created an elevated demand for real estate. As this demand started to outpace supply, property values in Denver started to climb significantly.

Although this trend has now balanced out, Denver homeowners are still benefiting from this period of accelerated appreciation.

Selling your home in Denver? Read these related blogs for more helpful advice.

What Determines My Home’s Value?

If you’re wondering what your home could go for in today’s market, you may be surprised to learn that it doesn’t actually have an objective dollar value. Rather, your home is ultimately worth whatever buyers will pay for it. However, an informed valuation from a knowledgeable real estate professional can give you some expectations of what you could get in the current market.

When evaluating your home, an agent will factor in all kinds of information, such as the age and condition of the property, location, recently sold homes in your area, buyer trends, economic factors, and more. That said, a property valuation is just an estimate – it doesn’t mean that’s the number your house will sell for. With the right selling strategy, you may be able to exceed your agent’s preliminary number.

Valuation Vs. Pricing

It’s also important to note that your agent’s valuation won’t necessarily be where you set your asking price. Having a sophisticated pricing strategy in place is essential to getting your home sold quickly and for the highest possible price.

Depending on the market, your real estate agent may recommend listing your home below their initial evaluation number. This may seem somewhat counterintuitive, but it’s an effective way to maximize buyer interest in your home – and can even spark a price-boosting bidding war.

Discover a New Lifestyle

One of the best parts of homeownership is equity. Over the last several years you’ve worked hard to pay off your mortgage. Whether you’re all the way there or getting close, you now have all kinds of equity to tap into. To that end, this equity can be used to upgrade your home or lifestyle.

Today, many Denver homeowners (especially empty nesters) are discovering how far their equity can take them – and it’s often a whole lot more than they expect. If you’ve owned your home for many years, there’s a good chance it’s gone up in value substantially. When the time comes to sell, your returns can open up all kinds of opportunities.

For instance, I’ve worked with sellers in recent years who were able to accomplish a great sale and buy their dream home in a neighborhood they previously thought was out of reach. Or, maybe you’re looking to downsize your home and spend more time on your passions. What your ideal future looks like, tapping into your home’s equity can help you get there.

Already thinking about where you want to live next? Check out these related blog posts to find the right Denver community for you.

How to Make the Most of Your Sale

The longer you’ve owned your Denver home, the more it’s appreciated in value, and, if you’re thinking about selling, you may be surprised at how much equity you’ve built.

However, a top-dollar home sale isn’t always guaranteed. While property values have gone up nicely in recent years, market conditions are always changing. If you’re looking to maximize your home’s equity and sell for the absolute highest price, you’ll need a professional expert by your side – like me!

As a local Denver real estate agent with more than two decades of experience, I know the market better than most. I also have an exceptional track record of securing top price per square foot thanks to my intuition and data-back selling strategies. Start your selling journey today.