Is My Home Priced to Sell?

Pricing your home is both an art and a science. Achieving the optimal price is the result of both objective research inter comparable properties and a gut feeling about your property and the current market. The right price should:

Attract buyers
Allow you to earn the most money possible
Help you sell as quickly as possible

The simple fact is, price is the number one factor that most homebuyers use to determine which homes they want to view. And its important to remember that, although the price is set by you, the value of the home is determined by the buyer. Try to avoid allowing your enthusiasm to impact your better judgment- overpricing is a common mistake that can cost you in the end.

With that in mind, here are some reliable guides to use when pricing your home:

Factors Affecting Your Asking Price

How quickly you need to sell
The amount of competition in your price category and area
The availability, flexibility and affordability of financing
The sale prices of similar homes sold in your area during the past six months to one year

Factors That Should not Affect Your Asking Price

The original cost of the property price is determined by today's market
Any investments you've made in improvements
The cost to build your home today
Emotional attachment
The opinions of friends and neighbors

Problems That Can Arise From Overpricing

You might help sell similar homes that are priced lower
Your home may stay on the market longer
You could lose market interest and qualified buyers
You might create a negative impression of the property
You could lose money as a result of making extra mortgage payments while incurring taxes, insurance and unplanned maintenance costs
You may have to accept less money
A potential buyer may face appraisal and financing problems as a result of the inflated price

With a mix of real world experience and advanced training, Angela Burdick, CRS, GRI has the tools necessary to compute the fair-market value of your home based on both the marketplace and personal considerations like your must-sell date. Remember, the right price is the key to a successful sale. So work with Angela Burdick, to price you home accurately the first time. Would you like to get an approximate estimate on your home? If so click here and fill out our easy form.

Angela Burdick CRS, GRI, ABR

Call Me: 
Office: (833) 738-1380
Direct: (303) 886-1900
Angela Burdick
Realty Innovations
5753 S. Prince St. Unit 753
Littleton, CO 80160