Reasons to GET Your Home on the Market

Waiting for a reason to list your home for sale on the market? There are more reasons this year to list your home on the market. If you’ve been following the market, then you know that it is in a slow and modest recover. 2012 was the start of the first signs of improvement that were consistent in years. 2013 has continued that trend, and the market is in an upswing. The Colorado market is becoming a seller’s market, and homes are going fast.

Inventory Supply is Low

For the past five years, Denver, Colorado has always sold about 4K homes per month. Many homeowners faced financial distress sending their properties into foreclosure. In years past, the market has been flooded with foreclosed homes and short sales. In 2012, we saw fewer foreclosed homes on the property, and 2013 is even better. Interest rates are at historic lows, giving buyers more incentive to purchase, now. The economy is more stable, homes are selling faster, and values are going up, and supply in inventory down, which benefits home sellers.

New Construction is Coming Back

For the past several years, the construction industry has been in a slump. In 2012, the industry picked up, and now in 2013 it is even better. With a recovering market, more builders are jumping back in, and home sellers will be more competition with new home construction in the picture- days on the market will increase, and resale pricing will stay down.

Interest Rates Are at Historic Lows

With the economy and housing industry in a slow and modest recovery, interest rates will continue to go up. Now is the ideal time to list your home for sale on the market as more and more home buyers are taking advantage of the low rates before they continue to go up. Since the fall of 2012, interest rates have already gone up, and they are expected to continue to do so.

Conditions are turning to a seller’s market. Home values rising, inventories low, interest rates low, the economy steady, and homes are building equity faster, making now a prime time to list your home for sale.

Selling Your Durango, Colorado Property

Whatever the reason may be for you choosing to sell your Durango, Colorado property, it is a big decision, and one that you want to consider wisely.  Following, we’ve listed a pleasant guide to help assist you in your sale.

Steps to Selling Your Property

Selling Objectives

There is a lot of preparation required in selling a property and knowing your objectives in selling your property is important.  Perhaps you are relocating, downsizing or upsizing, or perhaps you just wish to move to a different climate or atmosphere.  It is important to know your objectives- what is your asking price, what is necessary to make your property “sell ready”, how soon do you need the property to sell?  These are all important questions.

Also, it is a wise idea to consult with your tax advisor or attorney in order to understand the ramifications of the sale of your property.

Select a Real Estate Broker

When you consider a real estate broker you don’t want to just consider one.  Interview several brokers.  The interview is to evaluate the broker, their experience, their abilities, their professionalism, and how they will market your property.  You should have a list of questions ready for the interview which will help guide you in selecting a broker.

The realtor should provide you with a comparative market analysis during the interview, which will show you properties that have recently sold, as well as, active properties and ones that have been withdrawn from the market or expired listings.

The broker should also discuss a strategy to sell your property which will include how he will market and advertise the property.  Lastly, the realtor should recommend a selling price.

Seller Representation

Colorado State offers two ways in which sellers can be represented- a seller’s agent or as a transaction broker.  Because of the close relationship of a realtor and seller it is recommended that a seller’s agent (realtor) be the preferred choice.  Transaction brokers are not the advocate that the seller has in a realtor.

Pricing Strategy

One of a seller’s most challenging decisions is the list price of the property.  Too high, and you risk losing the valuable first few weeks on the market.  Too low, and you are concerned that you are giving away your property.  Selling price is a tough decision for the seller and this is where your experienced real estate broker is the expert in the situation.  Real estate brokers are more objective than buyers, as they are not emotionally attached to the property, and they are the area and market experts.  Today’s buyers know the market and market values and are turned off by homes that are priced over market value.  If your property is on the market and you aren’t getting showing, or you are showing the property but no offers are coming in, you likely have the property overpriced.

When you determine the list price you will also want to consider the home’s condition, age, location, and features that make your property stand out from others on the market.

Evaluate your local market and position yourself ahead of the market.  For instance if you are in an area with a low supply of housing inventory, then consider setting the list price slightly above recent comparable sales.  If the market is a buyer’s market then you want to consider listing your home at market value or slightly below.

Property Staging

Prepping your property for sale is an important part of your marketing strategy.  Here you want to consider every inch of the property, and to make every inch sparkle and shine!

Curb Appeal

First impressions are everything and you want that first impression to start from the moment your potential buyers drive up to your home.  Here you want to use your real estate agent, as well as, all your own senses- what will potential buyers see, hear and smell?  From the curb to the home, your home should say “welcome home”.

Improve your landscape- mow your lawn, prune all bushes and shrubs weed the garden and plant flowers.  Everything about the exterior of your home should be immaculate. Power wash the home’s siding, the driveways, and the walkways.  Get a ladder out and clean the gutters.  Add a fresh coat of paint to the front door, a nice welcome mat, and a new knocker.

Make Repairs

For a quick and top dollar sale you want your home in the best possible condition; therefore, make all the minor repairs that give the impression that the home has been well cared for and is move in ready.

De-clutter, Organize and Depersonalize

Part of the potential buyers’ appeal to a home is their visualization of them living in the home.  Consider renting a storage space and pack up all the clutter, the treadmill, and all things that clutter the home and hinder its appeal.  Also pack away personal effects.  Organize the entire home.  Everything should have a place and every nook and cranny of the home should be appealing, including the junk drawer.

Bathroom

Your bathroom is a selling feature in your home and it should sparkle and shine.  Start with cleaning and adding a fresh paint of coat to the walls.  Clean the tub and shower to remove all soap scum (nothing makes a buyer run like soap scum!).  Clean the floors, countertops, lights, sinks, and fixtures.  If your bathroom is outdated, then consider sprucing it up with new lights, new faucets, and fixtures. If you are trying to give the illusion of a larger bathroom space, then consider a pedestal sink and adding a border at the top of the bathroom walls.

Set out nice soaps and fresh new hand towels.

Master Bedroom

Your master bedroom should be comfortable for either sex.  If your room is pure flowers, than the eyes will roll of male home buyers.  Try to have a neutral color and décor that will attract both sexes.  In other words, remove gender specific items and colors!

Kitchen

Kitchens are a main selling point in a home and another priority in preparing your home for the market.  Clear all clutter- get all the clutter off the counters, clean the refrigerator, go through the drawers, and de-clutter and organize EVERYTHING!  Clean every inch from the ceiling fixtures to the walls to the floor and everything between.

If your kitchen cabinets are dull then consider a fresh coat of paint or refinishing them.

Place two or three decorative items on your kitchen counters, such as, a basket of fruit, flowers or a plant and fresh cookies.

Closets

Organize all closets and add lights to the closets if possible.

The Day of Your Showing

On the day of your showing your home should look immaculate- rooms should feel spacious, and it should have a move in ready appeal.  Let as much light in as possible.  If the showing is at night, turn on the lights to illuminate the home.

If your home has any smells that you are having a difficult time with, brew some strong coffee to cover the smell and bake a fresh batch of cookies to place on the counter.

Real Estate Tips

It’s not just about finding perfect home, it is about doing everything in your power to be the accepted offer.  There are a few basic rules to pay attention to so that you don’t end up making a mistake.

Real Estate Basic Rule Tips

Avoid Large Purchases While in the Buying Process

If you have planned your purchase, then you’ve cleaned up your credit to secure the lowest interest rate possible.  Your credit score is now favorable, you owe nothing or next to nothing or you have a maintainable monthly debt.  You’ve made an offer and the buyer has accepted that offer and you feel it’s now time to go purchase that new furniture for your new home.  STOP!  Even if you are paying cash, you don’t want any big changes to any of your accounts- you don’t want your credit debt to change, you don’t want any shuffling of money out of your bank account, or between bank accounts and so on.  If you do purchase, you may run the risk of securing the loan.  Mortgage lenders take a very dim view of adding to or changing your debt structure during the loan process.

Don’t Commit to a Mortgage Loan Based on the Interest Rate

When you shop for a mortgage loan you want to shop interest rate, but, you don’t want to necessarily select the lowest rate mortgage loan.  There are other things to consider aside from the interest rate of the loan and that includes the cost to obtain the loan i.e. points and the monthly payments.  If the loan has an escalating interest rate it can destroy your comfort zone down the road.

Always Have Representation When You Purchase a Home

Always have a professional realtor represent you.  Real estate purchases are a legal process and the role of the realtor is to ensure that every legality is covered and that you thoroughly understand each step of the process.  Your realtor will help you to find your home, negotiate a price, and close the deal.

Have a Property Inspection

A property inspection is essential.  A property inspection will disclose any issues with the property which include sewage systems, HVAC systems, and anything that has to do with the structure of the home and buildings, its safety and livability.  If there is a high risk fire threat then visit the local fire department to discuss any issues.

How Do I Find a Buyer’s Agent?

“How do I find a buyer’s agent” is a common question among homebuyers.  Representation in the legal process to purchase a home is crucial for a majority of home buyers.  With that in mind, we thought that we would offer a few top suggestions regarding how to find a buyer’s agent.

How to Find a Buyer’s Agent

•    Ask your family, friends, or co-workers for suggestions about any real estate agents that they may know who they would recommend.
•    Look for realtors in your local area.  Your local paper, the Yellow Pages, and the Internet are all ideal sources to find local agents.  Consider the company’s advertising, their history and professionalism, and any testimonials that are offered.
•    Select a few companies with a solid reputation.  Let the company know what you are looking for in a real estate agent and ask them to make a few recommendations.
•    Interview agents.  Ask questions, and determine their skills.  You should feel comfortable with the agent.

What to Ask a Prospective Agent

Q.  How long have you been a real estate agent?
Real estate agents with experience are typically the best choice.  They have experienced the real estate market’s ups and downs and have acquired the skill to negotiate.  However, you want to be certain that they have the time available to dedicate to your home search- which is often a benefit of a fresh real estate agent.

Q.  Are you a full-time real estate agent?
The benefit of a full-time real estate agent is that their focus is 100% on real estate.  Full-time agents typically utilize the latest technological advancements and developments, as well.

Q.  Have any clients ever filed a complaint?
If you find that a complaint has been filed against them, then ask for all the facts.

Q.  Do you have referrals I can contact?
Ask for references and by all means, call them.

Q.  How much time will you spend with me?
If you are only available on certain days of the week, or certain hours, than you need to ensure that the real estate agent works those hours.

Q.  Do you work as part of a team?
If the real estate agent is part of a team, ask if other agents will be showing you homes, as well.

Q.  How many buyers have hired you in the last year?
If you find that the agent does not have a high volume of buyers he / she has worked with, then this may be an indication that they prefer to work with sellers, which may be where they are best.

Q.  Are you a specialist in the area I want to shop?
Agents that specialize in the area where you are shopping for a home, will be a benefit.  Ask the agent if he specializes in the area and what is his specific knowledge.

Q. Do you work in my price range?
Ask the agent if they work in the price range that you are shopping for.  For example if you are looking for a home in the $200K price range, and the real estate agent work in the high end price range, the agent won’t likely be a good fit.

When you interview agents you should be attracted to their experience, communication, and personality.  Communication throughout your real estate experience is vital.
With the right agent, the buying process is less stressful.

Should You…or Shouldn’t You? Things to Consider when You Sell Your Home

There are many factors homeowners consider when it comes time to put their home on the market- should you list the home “For Sale by Owner?”  Should you put a lot of work into the home in order to improve its value before you place it on the market?  Should you wait until peak season to put your home on the market?  There are many things to consider.  Let’s take a look at a few.

Home Improvement Tips

Home improvements are one of those “Should I, or Shouldn’t I” questions. The real estate market has been improving steadily with many predictions that the recovery will continue this 2013.  Home improvements will help your home to stand out above others on the market.  It is important that you carefully calculate high dollar improvements, repairs and upgrades and weigh to ensure that they will add value to your home (your real estate agent can help you here).   Following are the top home improvement projects that attract buyers.

1.    Painting.  A fresh coat of paint is one of the easiest and cheapest home improvements you can make that will attract buyers.  A fresh coat of paint gives the appearance that the home has been well cared for and gives the home a fresh smell. To attract the largest volume of buyers, paint in neutral colors.
2.    Clean or replace the carpets.  Stained carpets and / or carpets with odors diminish the value of a home, the appearance of the home, and don’t sit well with potential buyers.  Dirty carpets are not welcoming, and give they give the impression that the home was not well-kept.
3.    The kitchen is one of the biggest factors in a home for home buyers.  No matter what the layout or appliances in your home, your kitchen should be updated.  A fresh coat of paint, or finish to the cabinets, updated fixtures, and new lighting will all enhance the appearance of the kitchen to attract more buyers.  If your appliances are outdated, then consider new energy efficient, stainless steel appliances.
4.    The exterior of your home should be in stellar condition as this is the first impression of your home that homebuyers will have.  Power wash the exterior of the home, the sidewalks, and the driveways.  Paint and repair the exterior if necessary.  Mow the lawn and have all trees and bushes trimmed.  If your home has decks and patios, consider refinishing the deck and staging it for the homebuyer.
5.    Bathrooms are another room in the home that should be immaculate.  Re-caulk and re-grout the showers, sinks and tubs.  Also stage the bathroom with fresh scented soaps and personal hand towels.

Should You Wait Until Peak Season to Sale?

Peak season is during the summer and fall, and a common question among homeowners is whether they should wait until peak season to sell their home.
One factor that home sellers have to consider is that there are buyers at all times of the year.  While many real estate agents may advise to wait if the home seller is not in a rush to sell their property, with the right agent, anytime of the year can be beneficial.

Should You List Your Home For Sale by Owner?

Selling a home “For Sale by Owner” means a substantial savings.  The process is a legal process, and there is a lot of money involved, and it will be necessary that the seller has specific knowledge before he / she places the home on the market.

Home sellers will need to possess market knowledge in order to ensure that they properly price the home and use marketing strategies to sell the home.   The home seller will need to have good communication skills to interact with potential home buyers and will need to have good negotiating skills.  They will also have to detach themselves emotionally from their home, as an emotional connection to the home can stand in the way of one’s ability to sell the home.

The advantages of a real estate agent are that the agent is an expert in market knowledge and expertise.  Agents specialize in local real estate markets and have the tools to market the property in multiple channels thus bringing in high volumes of potential buyers.  Real estate agents act on behalf of the seller in each step of the process, from helping to stage the home, to setting a price, to showing a home, to negotiating the deal, to closing the deal.  Sellers who don’t have specific knowledge, or the necessary time or skill to show the home, will benefit from the assistance of a real estate agent.

Low Cost Home Improvements

Most homeowners feel as though their home is their sanctuary.  It’s much more than a sanctuary, however.  It is an asset and it is important to not only maintain your home, but, also to occasionally spend some time and money on low cost improvements. Home improvement projects not only add to the enjoyment of the home, they add to the value of the home.

Low Cost Home Improvement Ideas

Replace the carpet.  Old carpet or carpet that is an ugly color or in poor condition is definitely worth replacing.  The cost of new carpet isn’t as much as you think that it would  be.  In fact to replace the carpet in a home, the cost is generally about $300 per room.  The benefit is a home that is updated, and one that offers a new sense of comfort.

Update your bathroom.  Yes, a complete bathroom remodel is costly; so, consider updating one or two features in the bathroom.  A new sink, the addition of shelves and sconces, a floor replacement, new mirrors and faucets, a jetted tub, a new showerhead, and heated towel bars are all low cost updates.

Paint.  Paint is one of you most affordable and most transforming improvements to a home- not to mention, it is a project that is simple to do.  A new coat of paint can take a room from dull to dazzling.

Organize your home.  An organized home is a comfortable home and it makes a huge difference in the appearance of the home.  Consider closet organizers, pantry organizers, and storage in the garage and attic.

Install wainscoting.  Raised wood panels add sophistication and style and they update the home in a truly attractive manner.

Have your cabinets face lifted.  A cabinet facelift is a budget solution to updating many rooms.  Consider new finish or paint, and new knobs.

Update the lighting.  The perfect touch of ambience can be achieved through lighting, and this is a project that can be done room by room.

Update the windows.  While this can be a costly makeover, it is one that will not only add value and attractiveness to your home, it is one that will save on energy costs should you go with energy efficient windows, and a makeover that can be done room by room.

Home improvements can be simple or complex and are a means to bring about more pleasure in the home, as well as, add value to the home.

Determine the Resale Value of a Home before You Buy

When you purchase a new home, you typically have a list of preferences for the new Colorado home. The criteria list will likely include detail such as your number of bedrooms and baths, location, floor plan, and so on.  There are a few more things to consider that you may not have considered!

It is important that when you shop for your new home, that you understand that not all buyers have the same criteria in a home, and, although your intentions may be to live in the home forever, the day will likely come that you will resale the home, and you’ll want a home that is attractive to as many buyers as possible.  Simply put, consider the home’s future resale value before you purchase the home.  Yes, there is no sure way to determine the future resale value, but, there are some tips that will help you to determine the potential resale value.

Comparative Market Analysis

When you find a home you think you’d like to purchase then ask your agent for a comparative market analysis.  What this is is a list of other homes that have sold in the neighborhood.  When you receive your comparative market analysis, you will want to consider:

•    What have other house in the neighborhood sold for?  What is the average sale price?  Are they comparable to what you expected?  How do these figures relate to future prices?
•    Of homes that were listed, how many actually sold?  Where there many that never sold?
•    How many days were the homes on the market before they sold?  Do they seem to have been on the market for a considerable amount of time before they received an offer?

Once you have looked over and analyzed the comparative market analysis then drive the neighborhood and look at each home on the list.  Take into consideration the visual of the home, and whether you like what you see.

An Outdoor Inspection of your Prospective Property

When you conduct an outdoor inspection of your potential new home, be objective.  While this may be your dream property and you are biased, you must visualize the property as other buyers will visualize it.  Here, take into consideration the following:

•    The shape of the lot.  If the lot is an odd shape, it will likely be more difficult to resale.
•    Consider the amount of outdoor space in the front and back of the home.  This is a consideration to most potential buyers and you’ll want to ensure that the home has a decent amount of space in both.
•    Is the lot level?  If the lot is not, then you run the risk of drainage issues or water pooling.
•    Is the landscape of the home high-maintenance?  This is often a drawback for potential homebuyers, and you’ll want to consider the maintenance of the yard.
•    The location of the home will also need to be considered.  Is it a home that is in a good location?  Is there an airport nearby with noisy planes overhead?  A railroad track, or high traffic areas, etc.?  If the location is a noisy location, this will definitely be a turnoff.
•    Does the home have a two car garage?  For most homebuyers a two car garage is a must have.
•    Does the home have safety issues?
An Indoor Inspection of your Prospective Property
A visualize inspection of the inside of your potential new home is also important and you want to consider the following:
•    How many bedrooms the home has.  Most homebuyers prefer a home with three to four bedrooms.
•    How many bathrooms the home has.  The ideal number of bathrooms for a home of median (three to four bedrooms) is 2.5.
•    Where is the laundry room?  If the bedrooms are upstairs and the laundry room is downstairs, this is definitely going to be a turnoff for most homebuyers.
•    What is the location of the kitchen to the garage?  The kitchen should be adjacent or close to the garage for convenience.  The kitchen should also be close to the dining room and backyard, as well.

Preparing Your Home to Show

A big step in the selling process of your Colorado home is preparing it for sale.  When you prepare your home for show, you want to prepare it so the first impression is a big impression.  You often have only the one chance to interest the potential home buyer, and it is important that the stage is set!  So, let’s take a look at the best way to prepare your home for show.

Preparing Your Home to Show
The first thing to consider is your first impression needs to be the best impression of your home and property, and starts with the curb appeal of your home.  As the potential home buyers drive up to the home, they should have a great impression of the home.  Sending good vibes is essential and each aspect of the exterior of the home should be a focus.  Start with your lawn and make sure it is nice and green, well-manicured and neat.  Be sure that the exterior of the home has been power washed, the windows nice and clean, the porch is well kept and is well lit.  The front door of the home should be nice and clean, with nice looking door knobs, and a fresh finish or coat of paint if necessary.  Also, be sure that you have a nice welcome mat that greats the viewers, as though it is home.

During winter months be sure that all snow and ice is removed from sidewalks and steps.

Be sure to fix minor imperfections such as scratched woodwork, scraped or faded walls, windowsills, and so on should all be restored to good condition.  Be sure all wood in the home is polished, and the walls have a fresh coat of paint, if necessary.

Clean all the windows and draperies, as well as, the ceilings.  Let as much natural light in as possible.

De-clutter.  Clutter turns off potential buyers quickly, as often they can’t see past it.   Take out  all clutter and unnecessary items, and open as much space as possible.  Be sure that all hallways and stairways are clean and free of clutter, as well.
Be sure to have the kitchen as clean as possible. The kitchen’s is one of the most important rooms in the home, and it needs to be as neat and tidy as well as in the best condition as possible.  Be sure to clean the all items, including the walls, doors, dishwasher, inside the cabinets, etc.  Countertops should be clean and free of clutter, knobs should be updated, faucets shiny, the stove and oven clean, as well as, the sinks.
Be sure that the bathrooms sparkle.  The sinks should be nice and clean, faucets shiny,  linoleum, grouting and tile clean and free of soap scum, mirrors polished, and the window, if a window in the bathroom should be open.

Be sure that closets are well organized and what isn’t needed, remove.  Be sure that when the buyers arrive you have any closet lighting on.
Don’t overlook your utility space.  All utility spaces, the garage, the basement and the attic should be neat and orderly and clear of clutter.  Brighten the walls with a fresh coat of paint if necessary.  If there are musty smells place bags of limestone in the moist places.

Be sure that you all major appliances are in good working condition.  Be sure that the heater filter is fresh. Clean the exterior of all appliances which includes the furnace.  Perform as many repairs yourself rather than leave them.  This will add to the attractiveness of your home.  Be sure all screens are on the windows, doors are on track, doorknobs tight, and so on.  Have molding finished, dripping faucets fixed, and any damaged wood repaired.

Have as few people in the home as possible when you show the home.  Too many people will distract potential buyers.  If you have animals, take them to a neighbor’s home during the showing of your home.

If you show your home at night, then be sure that all lighting is on inside and out.

Showing Your Northern Colorado Home for Sale

So, you have your Colorado home for sale; but, have you taken the measure to increase your chances of getting an offer from a potential homebuyer after a showing?   Following are a few tips to help ensure you have the most potential for getting those offers after your showing:

Showing Your Northern Colorado Home for Sale
•    Enhance your home’s curb appeal.  Curb appeal is the first impression of your home and here you will want to ensure that it is one of the cleanest, most presentable, most attractable appearances on the block, and in the neighborhood for that matter.  Be sure that the exterior of your home is clean and tidy and that the yard is well groomed.  The porch of the home should be well-lit, with a nice welcome mat, attractive door handles, and preferably a nice potted plant on the porch.

•    Spruce up the entryway.  The entryway is another crucial element in the show of your home, and its potential appeal.  The entryway is one of the first impressions of your home, and it should relay a big impression.  Be sure that the foyer of the home is immaculate.  Also, as a nice welcoming touch, add a nice “welcoming” candy dish near the front door to help the buyers to feel welcome.
•    Have the temperature of the home at a moderate level.  The home shouldn’t be too hot or too cold, but, comfortable.

•    Be sure that the home smells pleasant, and fresh.  One of the best ways to help the home to be inviting is to bake a fresh batch of cookies, to boil cinnamon and nutmeg on the stove, or allow the fresh breeze to come through an open window.  Try not to go for the floral air freshners, as this can be a put off to many potential homebuyers.

•    Be sure that the lighting is set right.  Make use of all natural lighting, and be liberal with artificial lighting.  Remember that with the proper lighting rooms will look bigger.  Also, be sure to set the lighting in the closets.

•    Set the tone of the home!  Here, if you have a fireplace, light a fire (if it is winter, of course), turn on soft music, or indoor or outdoor water fountains, which can be quite soothing.

•    Be sure that your home has the simple touches.  Place fruit in a basket on the counter in the kitchen, place personal hand towels and soaps in the bathrooms, add a basket of throw blankets in the living room, vacuum the carpets in one direction and so on.

•    Have a list of the attributes of the home that the buyer can take with them.  List every highlight you can think of.

•    Allow buyer feedback.  Buyer feedback can help a tremendous amount in future showings.  Ask the potential buyers what they like about your home and what their turnoffs were.

•    Always have snacks out.  This is not only a great way to relax the potential buyers, but, it is a great way to “get to know” the buyers.  A “chat” with the potential buyers about the highlights of your home can go a long way.

How to Get a Denver Home Appraisal

When selling a home it is necessary to obtain a 3rd valuation of the property, better known as a home appraisal.  This is necessary in order to be able to obtain a loan from a lender or bank.  The lender or bank uses the valuation to confirm that the property is worth the price you offer.  Most often, the bank or lender will choose the appraiser if you are purchasing a home.  If you are the seller, you can hire an appraiser.

How to Get Your Denver Home Appraised
1.    Begin your selection of an appraiser by interviewing appraisers.  You will want to choose an appraiser that has experience appraising properties in your area and in your anticipated price range.

2.    Once you have chosen the appraiser check with the Colorado State’s Division of Real Estate to ensure that they have a valid appraiser’s license.

3.    Ask the appraiser to disclose all costs, including all fees and commission.  You will also want to discuss timeframes such as the amount of time needed to conduct the the appraisal, when he / she will be able to set up an appointment, and the timeframe from the appraisal of the property to the time you will receive your report.

4.    Prior to your scheduled appraisal, make all necessary repairs and clean the property.  De-clutter the inside of the home, as well as, make all necessary touch ups.  Be sure the outside landscape is groomed, and the exterior of the home is tidy and maintained.

5.    Make your appraiser aware of all upgrades and additions to the home.  Here, you should make a list of all upgrades and additions, as well as, improvements you’ve performed on the home and have it ready for the appraiser.

6.    Be sure to be at the property at the scheduled time for the appointment.

7.    Before you make the entire payment for the appraisal, make sure you have a completed report in your hand.  Some appraisers require a partial payment upon appraising the property.

8.    Let your appraiser know of any properties in the area that were sold above or below market value.

9.    Be sure that your report has no less than three similar market comparisons.