If you have a home that you would like to sell in the city of Denver, CO, there are a number of ways that you can sell it. For starters, you can hire a real estate broker to help you find a suitable buyer for the house. Unfortunately, this will take a long time, and you will have to renovate the house to make it attractive to potential buyers. This can be incredibly costly, so you may need to take out a personal loan to pay for the repairs and renovations.

The second option is to sell on your own. You will need to post pictures of the house on real estate listings online as well as your social media account. After all, your friends, or the friends of your friends, may be interested in buying the house. You will also have to place a ‘For Sale’ sign in front of the property for passers-by to see. The third option is to sell directly to a real estate investor for cash. Whichever option you choose, it is important to note that there are many types of home buyers in Denver. They include:

i) First-Time Home Buyers

These are young individuals who have just landed their first job and have a short credit history whether positive or negative. They are always looking for affordable properties with few bedrooms because they are yet to have kids, or have just one. Selling to a first-time home buyer may not be ideal because they may not have the deposit needed to secure a mortgage. In fact, they may not be able to afford the property. They also have high-standards, so you will have to spend a lot of money on renovations just to make them happy. After accepting the price a first-time home buyer has quoted, the deal may still collapse because the lender may refuse to approve the mortgage application for one reason or another.

ii) Real Estate Investors

Under this category, you will find a number of different buyers. The first is the flip-and-sell buyer. These are firms or individuals that buy rundown properties, carry out renovations and sell at a higher price. The second is the traditional real estate investor who buys properties at below market prices, rent them out for a while and sell at a much higher price in the future. There are also those who buy and rent for decades before selling.

iii) Cash Buyers

These are real estate investors with enough cash to buy homes for cash. They usually buy houses in their current condition and pay cash. In return, the seller saves money on repairs and renovations.