Average Cost to Sell a House in Colorado

Alex Long

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Alex Long

October 1st, 2022
Updated October 1st, 2022

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Find out the average cost of selling a house in Colorado

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Many homeowners are wondering if now is a good time to sell a house. It really depends on your situation, but you should know that selling a house isn't free — in many cases, it's quite expensive.

In fact, the average home seller in Colorado loses about 10.04% of the sale price to selling costs.

By working with Clever Real Estate, however, you could save $10,039 selling a $580,275 house — the median value for homes in Colorado. That's because Clever agents only charge 1% or $3,000 (if the sale price is below $350,000) to list your house, as compared to the state average of 2.73%.

💰 Compare hand-picked agents, sell for 1%

Find top-rated agents from local brokerages, and get pre-negotiated listing fees of just 1%.

Clever's service is 100% free, with zero obligation. Interview as many agents as you like until you find the perfect fit — or walk away at any time.

Average cost to sell a house in Colorado

How much does it cost to sell a house in Colorado? It depends on the sale price, realtor commission rates, and the condition of the home — among other things.

The average home seller in Colorado ends up paying about 10.04% of their sale price on selling costs when it's all said and done. For a median-priced home of $580,275, that comes out to about $58,236.

For a more specific estimate of costs to sell your home, check out our home sale calculator below.

Common expenses for home sellers in Colorado

Specific costs to sell your house may vary depending on your circumstances, but below is a list of some of the more common expenses. Talk to your realtor to see which expenses you should plan for and how much you can expect to pay.

Common expenses
Estimated cost*
$200 to $7,055
🏘️ Realtor fees
$27,737 to $36,325
$2,572 to $16,361
$617 to $4,972
Total
$31,127 to $64,713
*Based on a $580,275 home — a typical home value in Colorado, (Zillow Research data, August 31, 2022)

Some expenses are unavoidable, but there are ways to bring down the total cost to sell your house.

Since realtor commissions take up the largest portion of your costs to sell your home, they're the first place you should look to save money. You can do this by selling for sale by owner (FSBO) or by hiring a discount real estate broker.

Be aware that saving on your listing commission by selling FSBO doesn't mean you'll get the same sale price, and you could end up losing money in the end.

You're better off working with a company like Clever. You'll keep the benefits of a full-service agent while getting a discounted rate on your listing fee.

How much will I make selling my house in Colorado?

How much you make selling your house depends on a lot of factors — most importantly, the value of your home, your mortgage balance, and agent fees.

If you don't have a mortgage, all you need to do is subtract the total cost to sell your home from the sale price. On average, selling costs are 10.04% of the total cost. So, you could make $522,039 if you sell your house for the state median home value of $580,275.

However, most homeowners have a mortgage on their home. In Colorado, the average homeowner owes $273,718. In this case, subtract your mortgage balance from the total proceeds to determine how much profit you're actually making.

Your agent should provide you with a seller's net sheet that outlines all the expected costs, including your mortgage balance, to show you how much you'll walk away with after the sale is complete.

» MORE: See what other factors affect your home sale profit

Cost of selling a house calculator

Use this home sale calculator to get a better idea of how much you'll have to spend to sell your home — and how much you'll take home after!

Home selling costs in Colorado: An in-depth breakdown

🚨 Disclaimer: We’ve compiled an overview of some of the most common home selling costs in Colorado. This guide is not 100% comprehensive, and actual costs will vary from one house to another. Talk to your real estate agent and lender for the most accurate sense of how much it will cost to sell your home.

Preparing your home for sale

Unless you plan to sell your house "as is" or to an iBuyer, you'll probably need to do some kind of prep before listing it.

If you're interested in an easy cash offer, you might consider the iBuyer option.

iBuyers purchase homes in their current condition with no required improvements, saving you time and money. The downside is they tend to offer below market value in exchange for convenience.

To find out how much an iBuyer would offer for your house, fill out the form below to compare offers from top cash buyers.

If you want the highest sale price, a traditional listing is your best bet. That also means you'll need to do some kind of prep before listing. High demand houses in great shape might just need a deep clean and decluttering. Other homes might need a new coat of paint, some minor landscaping, or upgrades for dated aspects of the house.

» MORE: Specific costs of prepping your home

Your agent is going to be your best asset when it comes to deciding what preparation strategies are best for your home.

🌟Ask an expert

On a vacant home, staging is a big help. I have been utilizing virtual staging and it really helps the online photos pop!

I also recommend fixing items you know to be an issue. If the washer isn't working, replace it. If the A/C isn't pumping cool air through the house, get it serviced.

  • Donna Jarock, Coldwell Banker Realty, Englewood, CO

Realtor fees in Colorado

Realtor fees are the largest portion of your cost to sell your home.

In a standard real estate transaction that involves two traditional, full-price agents, the seller is usually on the hook for covering the commission fee for both agents. Luckily, this fee usually comes out of your sale proceeds, so you shouldn't pay it out of pocket.

Realtor fees in Colorado
% of sale price
Cost*
Listing fee
2.73%
$15,842
Buyer's agent fee
2.79%
$16,190
Total
5.52%
$32,031
*Based on a $580,275 home — a typical home value in Colorado, (Zillow Research data, August 31, 2022)

» LEARN: How realtor commission is split in a home sale

The average amount Colorado homesellers spend on realtor commissions is $32,031 — that could be more than half of your total home selling expenses!

But you don't have to spend that much. Clever negotiates discounts with top listing agents that can save you thousands of dollars when you sell your home.

💰 Clever pre-negotiates low commission rates for you!

List with the best agents in your area for just $3,000 or 1%:

  • Sell with a full-service agent from a top brokerage
  • No upfront fees — you only pay when your home sells
  • Our agent matching service is 100% free with zero obligation

Closing costs

Closing costs are a blanket term for the various fees and expenses both buyers and sellers pay at the close of a real estate transaction. Closing costs don't include realtor commissions.

Common closing costs in Colorado
Typical % of sale price
Estimated total*
Title insurance (owner's policy)
0.18%
$1,053
Title insurance (lender's policy)
N/A
Typically paid by buyer
Transfer tax
0.02%
Typically paid by buyer
Title fees
0.20%
$1,148
Recording fee
0.00%
$10
Buyer incentives
2%
$11,606
Total
2.44%
$14,178
*Based on a $580,275 home — a typical home value in Colorado, (Zillow Research data, August 31, 2022)

Depending on the market and demand for your home, you may be able to negotiate for the buyer to cover most of the closing costs. However, in a buyer's market, they may negotiate for you to cover most of the closing costs.

» MORE: How much are seller closing costs in Colorado?

In fact, sometimes sellers will offer additional incentives or concessions to sweeten the deal and attract more buyers.

🌟Ask an expert

Offering a home warranty is one good option for enticing buyers that offers a good return on investment.

Buyers may also ask for a dollar credit amount in lieu of the seller making any repairs. Personally, I am a big fan of this solution.

  • Donna Jarock, Coldwell Banker Realty, Englewood, CO

Moving expenses

Depending on the distance you are moving and if you're hiring professionals, moving can be expensive.

In Colorado, the average moving costs are $617 locally and $4,972 for 1,000 miles or more — which accounts for packing supplies, movers, and carrying costs.

» MORE: See how much the average seller spends on moving expenses

Additionally, sellers should remember they need to pay for utilities until the new owner takes over. If you move out before closing, make sure you budget for this expense.

How to avoid losing money on your Colorado home sale

Regardless of whether you're selling a single-family home in Boulder, a condo in Denver, or a duplex in Colorado Springs, there are steps you can take to minimize unnecessary expenditures and keep more money at the end of the sale.

1. List with a low commission real estate agent

The easiest way to save money is to cut down on realtor fees, which are your largest negotiable expenses.

Clever can match you with local full-service agents from well-known brokerages like RE/MAX, Keller Williams, and Century 21. But, instead of paying the typical 2.73% listing fee, you'll only pay 1% or $3,000 (for homes under $350,000)! On average, sellers save over $10,039 on realtor fees.

With Clever, you can compare multiple Colorado agents to find the one that best fits your needs. Even better, finding an agent through Clever won't cost you a dime, and there's no obligation to move forward until you find the perfect agent.

Work with a full service agent for only 1% or $3,000!

Clever negotiates discounted listing fees with top agents to help you save money when selling your home!

2. Time your sale to get top dollar for your Colorado home

The best month to sell a home in Colorado is in May. In this month, homes typically sell for about 10% more than the average listing price in other months. Besides that, it’s also historically when homes sell fastest — listings are often snatched in about half the time it takes in other months.

This may be because of the pleasant weather, especially with summer settling in. With the winter chill dissipating, families are more inclined to be out and about, ready to house hunt and attend open houses.

Take note, however, that most other sellers will sell during this month too, so make sure to do renovations or maintenance in advance. That way you'll be ready to list at the start of May to get ahead of your competitors.

For the easiest time selling, work with a realtor — they know the best marketing and pricing strategy to sell your home fast without diminishing your profit. They can give the best advice for your area, as local trends tend to vary wildly from the state’s market.

» MORE: When is the best time to sell a house in Colorado?

3. Negotiate like a pro

Home sales are among the largest financial transactions of most people's lives. Unfortunately, most of us don't sell houses very often, so we're not well-practiced at negotiating these deals.

That's why working with a great agent is so important. They do this for a living and will negotiate the best deal possible without losing the buyer's interest.

» MORE: Negotiate so both the seller and buyer get something they want

If your negotiations include making repairs for the buyer, we recommend using HomeAdvisor to connect you with top local professionals. You can compare quotes and get high quality work for the best price while saving the hassle of doing it yourself.

4. Save on repairs and upgrades

Another trick for saving money is hunting for discounts and being efficient when upgrading major appliances. For example, companies like Whirlpool may give you 10% off when you buy two or more full-priced appliances.

You can also cut down on labor costs by using services like TaskRabbit. Whether it be cleaning, landscaping, installing appliances, or moving, TaskRabbit can connect you with people in your area who will help for less than a full-time professional would charge.

FAQs about costs to sell in Colorado

Closing costs in Colorado are usually about 2.44% of the sale price, or $14,178, on average. That said, this doesn't include realtor commissions, which make up the largest portion of your expenses and run about 5.52% of your sale price.

The average home seller in Colorado spends about $58,236, or 10.04% of the sale price. This can vary widely depending on the state of the market and condition of your home, but working with an agent who offers a discounted rate will be a great help in keeping this cost down.

In 2021, the average Colorado home seller made about $522,039 on their home sale before paying off their existing mortgage, if they had one. For a more specific idea of what you can expect to walk away with, check out our home sale proceeds calculator.

Additional resources for Colorado home sellers

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