Developing An OnTarget Denver Real Estate Listing Price

Developing An OnTarget Denver Real Estate Listing Price

There is less guesswork than you might think about establishing an on-target Castle Rock  Centennial  or Greenwood Village real estate listing price. There is really very little mystery:

Comps and CMAs
When you hear your Realtor™ refer to ‘the comps,’ you probably think of them as the printouts of the Denver real estate listings which are comparable to your own property. More comprehensively, a CMA, or Comparative Market Analysis, also includes a broad look at pending and completed sales, as well as withdrawn listings. That analysis will also include and account for differentiating factors, such as upgrades you have made to the home, location, and other features that make your home unique.

Market Conditions
  
Market conditions will also play a strong role in developing a real estate listing price that’s likely to attract serious buyers. If conditions indicate a seller’s market, it means that there aren’t many homes available for sale. Contrarily, if it is a buyer’s market, recent trends show that numerous homes are available for sale, but buyers are in short supply. Other factors can come into play. If an area has become economically depressed, for instance, pricing a home on the higher end of the standard is more likely to result in a higher DOM (days on market).

Appraisals
Getting an appraisal is helpful in nailing down an acceptable real estate listing price. The extra expense provides a highly educated estimate for what today’s market will bear (and also valuable preparation for you are likely to hear when you enter into serious negotiations). It’s also important to remember that the bank’s loan approval will hinge on whether or not the selling price is in excess of the appraised value of the home.

One of the major benefits of working with a Castle Rock  Centennial or Greenwood Village Realtor™ when developing the real estate listing price for your home is the degree of expertise we bring to the process of setting an advantageous listing price. My own years of experience and knowledge of the Castle Rock  Centennial and Greenwood Village market is invaluable when it comes to setting a fair price that spurs buyers to act quickly.  Looking to sell?  Call me today!

Curious what your home is worth?  Use our FREE online valuation tool 
Click Here !

         Jason Peck is a Broker Associate at Keller Williams. He has been recognized locally and nationally as in expert in real estate. Locally he is 6th in Denver Metro home sales out of 5,000 agents and has been recognized by the Wall Street Journal and Real Trends as one of the top selling agents in America.  He is co-author of the National Best Selling Book, “The New Rise in Real Estate”. For more information feel free to 
contact him  or call 720-446-6301.

 
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Developing an On Target Denver Real Estate Listing Price by Jason Peck


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Phone: 720-446-6301
Dated: February 3rd 2014
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