This article is about "pricing your home right" this Spring. For the most part, I think it's right on. When I post an article, it's usually from a national perspective. That's why I try to preface the article with our perspective, as it pertains to here in Parker Colorado and the Denver Metro Area. Our experience here in Parker and Castle Rock tells us that almost any home priced from $475,000 to $800,000 will go under contract within a few days. Pricing it correctly will definitely yield the best offers. But, frankly, regardless of how it's priced, it will sell. For instance, as I write this, Cheryl is with clients looking for a home here in Parker or Castle Rock in the $500,000 to $600,000 price range. She has 3 homes to show them today, 2 tomorrow and 1 on Saturday. Hopefully, more will come on the market today and tomorrow. She will probably be competing with at least 30 to 40 other agents trying to secure a home for their clients. Results? Multiple offers at over asking. It's a tough go for buyers. It's great for sellers. It might take many offers on our clients' part. But, rest assured, we will prevail. We always do. We've written as many as 14 offers before we got a real contract. So, enjoy the attached article. But, do remember it's from a national perspective. As always, Cheryl and I would consider it an honor and a privilege to help you with any of your real estate needs. Call me a 720.220.5058 or Cheryl at 303.981.7339.
Want To Sell Your House This Spring? Price It Right.
Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:
“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”
In today’s market, how you price your house will not only make a big difference to your bottom line, but to how quickly your house will sell.
Why Pricing Your House Right Matters
Your asking price sends a message to potential buyers, especially today.
If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.
If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to drive interest when your house sits on the market for a while. But be aware that a price drop can be seen as a red flag by some buyers who will wonder what it means about the home.
To avoid either headache, price it right from the start. A real estate professional knows how to determine the ideal asking price. They balance the value of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This helps lead to stronger offers and a greater likelihood your house will sell quickly.
The visual below helps summarize the impact your asking price can have:
Bottom Line
Homes priced at the current market value are selling faster and at a better price right now. To make sure you price your house appropriately, maximize your sales potential, and minimize your hassles, let’s connect today.