If you’ve ever watched“The Price is Right,”you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.
In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year.
They will have to employ the same strategy:be the closest without going over!
As we have explainedbefore, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!
Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!
Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in realitynothing was wrong, the price was just too high!
If you are thinking about listing your home for sale this year, let’s get together to properly price your home from the start!
Author:Michael Le Phone: 303-356-8282 Dated: January 16th 2019 Views: 248 About Michael: Michael has been a Real Estate Broker in the Denver area for 21 years. With over hundreds of closed...
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About Distinct Group - Keller Williams Real Estate
Distinct Group of Keller Williams is comprised of a team of local real estate professionals committed to selling some of the most desired homes throughout the Colorado front range. Selling these "right addresses" is the mission of Distinct Group of Keller Williams Real Estate, LLC. Let us know what you're looking for. Please take advantage of the helpful tools on this website, including property valuation option, but also feel free to contact us personally.
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"Kelly Hunter recently handled a long distance home sale for me. Her knowledge of the area where I was selling was excellent. She was immediately responsive to all the questions that I had, and kept me informed throughout the process (sometimes several times a day). She was able to negotiate a very satisfactory price for the home. I would highly recommend Kelly to anyone selling or buying in the Denver area