Pricing Your Property for Sale
The real estate market is constantly fluctuating, so pricing is not
an exact science. Rather, it's a reasonable figure derived from a
number of different components, such as:
The status of the current real estate market.
Hard facts such as lot size, square footage and home condition.
Desirability factors such as location, amenities & property
attributes.
Selling and listing prices of comparable homes.
A sophisticated & comprehensive marketing plan.
Your level of motivation.
It's important to note that the following conditions do not
affect your home's price:
The profit you wish to make from the sale.
The amount of money you've spent on improvements.
What your friends and neighbors have told you
it might be worth.
What you originally paid for the home.
Why not "shoot for
the stars"?
Nobody
wants to leave money on the table, but given the current market
conditions, it's not a good idea to be on the high-end of the real
estate market - unless your property is in exceptional condition.
Pricing your home should NEVER be based on an emotional decision
or what a seller "hopes" to make on the sale of their home. The
days of thinking "we'll start $10-20k high because we need wiggle
room when the buyers negotiate us down" are gone. The most
recent nationwide correction in home property values and buyer
awareness in the overall real estate market simply does not allow
for these games to be played. Overpricing today will most
likely hurt your chance of selling quickly tomorrow.
When
selling a home, it doesn't matter where you start (list price), it
only matters where you finish (closing) - and you must never forget
that YOU are in control of the final sales price. If it's not
what you can live with - you don't have to accept it.
If you have questions about which Denver area Real Estate
Agent/Realtor you should hire to list your home,
request a FREE Denver Home Market Analysis or call me at 303-520-3179
to schedule a free, no-obligation consultation at your home or my
office to learn more about how I can represent your real estate
needs.
If you would like to sit
down for coffee and discuss the Denver Real Estate market, just call me
anytime at 303-520-3179. Anthony Rael, RE/MAX Alliance offers professional & trustworthy real estate
services to buyers &
sellers throughout the
Denver metro area including
Arvada,
Brighton,
Broomfield,
Denver,
Golden,
Highland/Sloan's Lake,
Highlands Ranch,
Littleton,
Louisville,
Longmont,
Thornton,
Westminster,
Wheat Ridge, Adams
County,
Denver County,
Douglas County &
Jefferson County.
Leverage my life-long
knowledge of the Denver Metro area - from homes, condos, lofts or
investment properties, new homes builders, schools & local amenities to
reliable & trustworthy business partners like mortgage brokers & home
contractors to
maximize
your investment, secure your future and realize the home of your dreams.
I look forward to working with you soon.
