Setting the correct initial list price is one of the most important decisions that home sellers make in today’s market. The initial list price will impact both the amount of time a property takes to sell & the final sale price. Research shows that when a house is overpriced upon the first day of its listing, & subsequently requires price reductions, it will take up to 3x longer to sell that house in the Denver market compared to a house that’s priced right from the start.
Trusting the price of your home on Zillow, Trulia or other real estate marketing platforms is not always best. Having a professional tour your home, consider many factors involved, & run a comparative market analysis is the best route to take in ensuring your home is priced properly. Otherwise, it could pose a risk for sitting on the market too long, simply being skipped over because it’s priced too high, or not getting enough for what the home is really worth.
COMPARATIVE MARKET ANALYSIS (CMA)
How much is your home worth? Should you ask for more? How long will it take to sell? We can provide answers to these & many other questions by completing a CMA, which takes into account all the variables that may affect the value & marketability of your home. With the CMA, we can estimate your potential bottom line profit. We will discuss other factors that contribute to the price we set for your home
COMPARABLE PROPERTY DATA
Research of similar homes currently on the market, as well as recent sales & expired listings, help determine your home’s fair market value.
MARKET CONDITIONS & COMPETITION
Economic outlook & season trends, as well as the number of competitive homes on the market, can affect demand for your home.
MORTGAGE CONDITIONS & OUTLOOK
Interest rates & anticipated movement up or down affect the size of your prospect pool.
LOCATION
Proximity to schools, parks, shopping, and transit can play a significant role in determining your listing price.