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Sell a Denver Home Faster: The First 14 Days on Market

Brian Lee BurkeBrian Lee Burke
Jul 1, 2022 • 7 min read
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Sell a Denver Home Faster: The First 14 Days on Market

In the Denver metro a listing gets its most showings in the first 14 days and its best offer in the first 7 to 10. Buyers with saved searches in REcolorado see the home the hour it goes live, tour it that week, and decide by the second weekend. After day 14 the home falls off the newest-first sort on every portal and the only lever left is price. This post is the 14-day plan: the price band on day 0, the launch day, the showing rules, how to read the traffic, and the exact day to reduce when the offers do not come.

The week before launch (documents, repairs, photos) is a separate post: the pre-listing week for Colorado sellers. The full month, day by day, is in Need to Sell a Colorado House Fast? The 30-Day Plan.

Why the first 14 days decide the sale on the Front Range

Three things happen in the first two weeks that never repeat. Every buyer whose saved search matches the home gets one alert, on day 0. Every buyer's agent working that price band sees the home on the week's tour lists. And the listing sits on the first screen of every portal, sorted newest first. A home that sells inside 14 days sells to the buyers who were already waiting for it. A home that sits past day 30 sells to buyers who arrive later and open the listing knowing it has sat.

Median days in MLS is published every month in the DMAR Market Trends Report for the 11-county Denver metro. Read the number for your price band and county, not the metro-wide figure: a $450,000 Aurora ranch and a $1.4 million Cherry Hills Village home run on different clocks.

Day 0: launch on the price band, not above it

Portal searches run in bands: $25,000 steps below $500,000, $50,000 steps to $1 million, $100,000 steps above that. A buyer whose top is $600,000 never sees a home listed at $605,000. Launch at $599,000 or $600,000 and the home appears in both the $550,000 to $600,000 search and the $600,000 to $650,000 search.

  • Price from closed comps, not from the neighbor's asking price. The Kenna Real Estate Group's Smart Pricing Report pulls closed REcolorado sales within about a mile and the last 90 days, the active competition, and a list price with a low and a high. Order it here: Smart Pricing Report.
  • The "test the market" price costs 14 days. A home launched 5% over the comps gets the first-week showings and no offers. The reduction on day 14 lands with buyers who already saw the higher number and wait for the next one.
  • Price the condition, not the memories. Popcorn ceilings, a 20-year-old furnace, brass fixtures and an original 1990s kitchen are priced by the buyer whether the seller prices them or not. The Front Range version of that math is in the Denver seller pricing strategy post.

Which day of the week should a Colorado listing go live?

Thursday morning, with every photo loaded and showings open from Friday. Buyer's agents build weekend tours on Thursday and Friday; a Monday launch spends its newest-first days in the middle of the week when tours are thin. Go live complete or do not go live:

  • 25 or more professional photos ($200 to $500 in the Denver metro), a floor plan and a 3D tour. "Professional photos coming" wastes day 0.
  • Measured square footage with its source. Colorado's Square Footage Disclosure form states where the number came from (appraiser, builder plans, county assessor). Say which.
  • Documents attached: the Seller's Property Disclosure, HOA documents, the radon result, the sewer scope, the roofer's hail letter. Buyers' agents skip a listing that makes them ask.
  • The numbers buyers will ask anyway: HOA dues, metro district mill levy, last 12 months of Xcel Energy and water bills, roof and furnace age. Put them in the listing remarks or a one-page sheet on the kitchen counter.

Days 1 to 3: showing rules that let every buyer in

Every declined showing is a buyer who tours the competition instead. The rules that get the most buyers through a Denver metro home in the first three days:

  • Showing window 8 a.m. to 8 p.m., seven days, one hour of notice, lockbox. Go-and-show beats "call first" by a wide margin in showings booked.
  • The seller leaves. The pets leave. A buyer's agent needs 30 to 45 minutes; a dog in a crate ends the showing in 10. Board pets for the first two weeks.
  • Lights on, blinds open, thermostat at 68 to 70. Front Range sun through open blinds is the cheapest staging there is. In winter the walks are shoveled by 8 a.m. and the mag chloride is hosed off the garage floor.

How to read the first week of traffic

Count showings, not portal views. Views measure the photos; showings measure the price.

Showings, days 1 to 7OffersWhat it meansAction
10 or more1 or morePriced on the bandSet an offer review time on day 4 or 5
8 to 1202% to 4% high, or one condition itemGet feedback, fix the item or cut on day 10
3 to 705% or more high for the bandCut to the next band on day 10
0 to 20Price or photos are brokenNew photos and a band cut on day 7

Hundreds of portal saves and three showings is a price problem; few views is a photo problem. The table assumes a Denver metro home under about $900,000; above that, halve the showing counts and add a week.

What buyer feedback means and how to respond

The listing agent calls every buyer's agent within 24 hours of the showing. The Front Range answers repeat, and each one has a fix or a price:

  • "Smells like dog" or "someone smoked in here": a fix, not a price. Carpet cleaning $150 to $400, ozone or enzyme treatment $300 to $800. Details in the clean-house post for Colorado sellers.
  • "Roof looks old" or "is there hail damage": a free roofer's inspection letter in the documents. Damage from a storm inside the insurance window becomes a claim, and the roof is replaced for the deductible.
  • "No radon system": a mitigation quote ($800 to $2,500 on most Denver metro homes) attached to the listing, or the system installed before the second weekend.
  • "HOA dues are high" or "the metro district taxes": nothing to fix. State the numbers in the remarks and price to them.
  • "Dark" or "dated": 3000K bulbs in every fixture ($60), paint in the rooms that photograph ($400 to $800 a room), or a band cut.

Day 4 to 7: when to set an offer review time

Set one when the home is showing two or more times a day by day 3: "Offers reviewed Monday at 5 p.m." Do not set one with fewer than eight showings booked; a review time that passes with no offers tells every agent the home is overpriced. Compare offers on the terms that decide whether the sale closes:

  • Earnest money of 1% to 2% of price, held by the title company.
  • Loan type and lender letter: an underwritten approval, not a pre-qualification.
  • Appraisal gap coverage in writing, in dollars.
  • Inspection terms: a shorter Inspection Objection Deadline, or a cap on repair requests.
  • Concessions requested, including any buyer broker compensation the buyer asks the seller to pay.
  • Closing date and any Post-Closing Occupancy Agreement.

The Colorado contract's deadline list (Inspection Objection, Inspection Resolution, Appraisal, Loan Termination, Closing) is walked through in how to sell a house in Colorado. Fewer and shorter deadlines close faster.

An offer on day 2: take it or wait?

A day-2 offer at or above list from an underwritten buyer is the buyer who was waiting for the home. The rule the Kenna Real Estate Group uses: accept or counter within 24 hours when the terms are clean and the next three days hold fewer than six showings; hold it to the review time when they hold six or more. The second-week buyer pays the same price twelve days later, after twelve more days of mortgage, utilities and showings.

Days 10 to 14: the price reduction rule

Fewer than eight showings and zero offers by day 10 means the price is wrong for the band. Reduce on day 10 or 11, on a Thursday, to the next search band down: $624,900 to $599,000, not $624,900 to $619,900. A $5,000 cut moves no buyer into the search; a band cut sends a price-reduced alert to every saved search that missed the home the first time. It is a second launch.

  • One real cut beats three small ones. Three cuts in a month read as a seller chasing the market down.
  • Change the first photo the same day. A twilight exterior or the best room replaces the front-of-house shot buyers already scrolled past.
  • Do not pull and relist. Agents see the listing history on every portal.

Sellers who need the home gone on a court, lender or employer date have a different set of choices, including a cash number: quick sale strategies for motivated Colorado sellers.

Open houses, winter launches and hail season

Hold one open house the first Saturday, 11 a.m. to 2 p.m., and a second only when no offer has come in. It adds showings; it does not replace the lockbox window. Front Range homes sell in every month: December and January listings compete with fewer homes and meet buyers with a reason to move, so shoot photos at midday and keep the walks clear. From May through September, attach the roofer's letter and the insurance claim history so the buyer's inspector and insurer both have their answer on day 1. Season-by-season timing is in the best times to buy or sell a house in Colorado.

A rate buydown instead of a price cut

When feedback is "the payment is too high", a seller-paid 2-1 buydown moves the buyer's first two years of payments more than a $15,000 price cut on a $600,000 home, and costs the seller about the same. The group works with Mike Oswald, VP of Mortgage Lending at Rate, NMLS 261003, Equal Housing Lender, who prices the buydown for a specific buyer's loan before the seller signs the concession. You are free to use any lender. Start on the Colorado financing page and the 3-2-1 buydown page.

Where to go next

Talk to the Kenna Real Estate Group

The Kenna Real Estate Group at Keller Williams DTC runs this 14-day launch on homes from Fort Collins to Colorado Springs: the Smart Pricing Report, the Thursday launch with every document attached, the showing calls, and the day-10 decision made on numbers. Call or text 303-955-4220. A live person answers. Not a robot, not a phone tree. You can also search every home for sale in Colorado to see what your home competes against this week.

Homes for sale that match this post

Guides

Questions about any home in Colorado? Call or text 303-955-4220. A live person answers.

Quick answers

How many showings should a Denver metro home get in its first week?

Ten or more for a home priced under $900,000 on the correct search band. Eight to twelve with no offer points to a price 2% to 4% high or one condition item; fewer than eight by day 10 calls for a cut to the next band.

What time of day should the listing go live on REcolorado?

Thursday morning, so saved-search alerts land while buyer's agents are building weekend tours. Showings open Friday with a lockbox and a one-hour notice window.

How big should a price reduction be on a Colorado home?

One full search band: $25,000 below $500,000, $50,000 between $500,000 and $1 million. A $5,000 cut moves no new buyer into the search and reads as chasing the market.

Should I leave the house for showings?

Yes, and take the pets. A buyer's agent needs 30 to 45 minutes to tour a home; a seller in the kitchen or a dog in a crate cuts that to 10 and ends the conversation about the home.

What paperwork should be attached to a Colorado listing on day 0?

The Seller's Property Disclosure, the Square Footage Disclosure with its source, HOA documents, the radon test result, the sewer scope report and a roofer's inspection letter. Buyer's agents skip listings that make them ask.

Is a seller-paid rate buydown better than a price cut?

When feedback says the payment is too high, yes. A 2-1 buydown lowers the buyer's first two years of payments more than a $15,000 price cut on a $600,000 home and costs the seller about the same. Mike Oswald at Rate prices it for the specific buyer's loan; you are free to use any lender.

Does a winter launch hurt a Front Range sale?

No. December and January listings compete with fewer homes and meet buyers with a reason to move. Shoot photos at midday, keep walks clear, and attach the furnace service record.

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WRITTEN BY
Brian Lee Burke
Brian Lee Burke
Team Leader and Licensed Broker, REALTOR® since 2003, Author

Brian Lee Burke is the founder and team leader of Kenna Real Estate Group, a real estate team at Keller Williams DTC. A licensed REALTOR® since 2003, Brian helps Colorado buyers and sellers navigate residential real estate, new construction, pricing, and negotiation. He is also the author of The Real Estate Playbook and Mastering Real Estate: Your Guide to Becoming a Top Agent.

View Brian Lee Burke’s full profile.

WRITTEN BY
Brian Lee Burke
Brian Lee Burke
Team Leader and Licensed Broker, REALTOR® since 2003, Author

Brian Lee Burke is the founder and team leader of Kenna Real Estate Group, a real estate team at Keller Williams DTC. A licensed REALTOR® since 2003, Brian helps Colorado buyers and sellers navigate residential real estate, new construction, pricing, and negotiation. He is also the author of The Real Estate Playbook and Mastering Real Estate: Your Guide to Becoming a Top Agent.

View Brian Lee Burke’s full profile.

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