Are you thinking about selling your house in Denver but wondering, “How much will it actually cost me?” You’re not alone! Many homeowners focus on their home’s listing price but overlook the hidden expenses that can impact their final profits. From agent commissions and closing costs to repairs, staging, and even moving expenses, selling a home in Denver and Broomfield involves more than just putting a “For Sale” sign in the yard.
The True Costs of Selling a Home in Denver & Broomfield
1️⃣ Real Estate Commissions: Do You Have to Pay a Buyer’s Agent?
One of the biggest expenses in any real estate transaction is agent commissions. In Denver and Broomfield, sellers typically pay the commission for both their listing agent and, if offered, the buyer’s agent.
However, under the latest National Association of REALTORS® (NAR) settlement, sellers now have more flexibility in structuring commissions. While some sellers choose not to offer a buyer’s agent commission, doing so can significantly impact buyer interest and competition for your home.
💡 Pro Tip: A well-priced home with a competitive buyer’s agent commission attracts more buyers, potentially leading to higher offers and a quicker sale.
2️⃣ Closing Costs: What Will You Owe at Closing?
Many sellers assume that closing costs are primarily the buyer’s responsibility. However, in Broomfield and Denver, sellers typically cover a portion of the closing fees, which may include:
- Title Insurance ($1,500–$3,000) – Protects buyers from ownership disputes.
- Escrow & Settlement Fees ($300–$600) – Covers paperwork, fund transfers, and administrative costs.
- HOA Transfer Fees (Varies) – If your home is in an HOA, expect to pay a flat fee or percentage of the sale price.
💡 Pro Tip: Before listing your home, ask your Broomfield real estate agent for a seller net sheet to estimate your closing costs.
3️⃣ Home Repairs: What Needs to Be Fixed Before Selling?
Buyers expect a home to be in good condition, and many will request repairs after an inspection. Addressing minor and major repairs ahead of time can prevent last-minute negotiations and help you sell faster and for more money.
🔹 Minor Repairs: Fresh paint, leaky faucets, and updated lighting can make a big impact.
🔹 Major Repairs: Roof issues, plumbing problems, and electrical concerns may be deal-breakers for buyers.
💡 Pro Tip: A pre-listing home inspection can help identify potential red flags and allow you to fix them before negotiations start.
4️⃣ Home Staging: Is It Worth the Investment?
In the competitive Broomfield real estate market, staging can be a game-changer. Staged homes sell faster and for higher prices because they help buyers visualize the space.
📌 Staging Options:
- Owner-Occupied Staging – Enhances your current furniture layout.
- Vacant Home Staging ($1,500–$3,000) – Professionally furnished for better presentation.
- Virtual Staging – Digital furniture added to listing photos (cheaper but not as impactful).
💡 Pro Tip: Ask your Broomfield realtor if staging is right for your home. In many cases, even minor staging adjustments can make a big difference.
5️⃣ Property Taxes: What You’ll Owe at Closing
Property taxes in Colorado are paid in arrears, meaning sellers must pay their share up until the closing date.
For example, if annual property taxes on your home are $5,000 and you sell in May, you’ll owe around $1,600 in prorated taxes.
💡 Pro Tip: Work with your Denver or Broomfield real estate agent to calculate your estimated tax liability before listing your home.
6️⃣ Capital Gains Tax: Will You Owe Taxes on Your Sale?
If your home has appreciated in value, you may be subject to capital gains tax on the profit from the sale. However, many sellers qualify for exemptions:
- If you’ve lived in the home for at least 2 out of the last 5 years:
- Single filers can exclude up to $250,000 in profit.
- Married couples filing jointly can exclude up to $500,000 in profit.
💡 Pro Tip: If your profit exceeds these limits or you’re selling an investment property, consult a tax professional for guidance.
7️⃣ Moving Costs: The Last Expense Sellers Forget
Once your home is sold, moving expenses can add up quickly!
- Professional movers ($2,000–$5,000 for local moves)
- Truck rentals & storage fees (varies)
- Temporary housing & travel costs (if moving long-distance)
💡 Pro Tip: Plan ahead and get multiple moving quotes to avoid last-minute surprises.
Final Thoughts: Be Prepared for the True Costs of Selling Your Home in Denver
Selling a home in Broomfield or Denver isn’t just about setting a price and accepting an offer. Understanding the full financial picture ensures you’re prepared for the hidden costs that many sellers overlook.
At North Star Team at Compass, we specialize in helping Broomfield and Denver homeowners sell their homes faster and for top dollar while avoiding costly mistakes.
📌 Want to maximize your profit and avoid surprises?
📌 Thinking about selling but not sure where to start?
Let’s chat! Contact John Grandt and the North Star Team today for a free home-selling consultation.
📍 Serving Broomfield, Denver, and surrounding areas
How Can I Help You With Your Broomfield Real Estate Needs?
I am consistently among the top real estate agents in Broomfield and I strive to exceed client expectations.
You May Be Wondering… What is My Home Worth?
Do you wonder what your home is worth in the current market? Do you desire a specific Property Valuation Report that I routinely prepare for my clients? Please contact me.
If you are considering buying or selling, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).
Visit www.northstarcompass.net. Phone: 720.351.8488, or [email protected]
For questions regarding the Broomfield Real Estate Market in general contact:
John Grandt
Real Estate Professional | Team Lead
North Star Team at Compass
[email protected]
720.351.8488
