Pricing your Denver area home for sale - What factors will influence the price of your home?

The real estate market is constantly fluctuating, so pricing is not an exact science. Rather, it's a reasonable figure derived from a number of different components, such as:

• The status of the current real estate market.
• Hard facts such as lot size, square footage and home condition.
• Desirability factors such as location, amenities & property attributes.
• Selling and listing prices of comparable homes.
• A sophisticated & comprehensive marketing plan.
• Your level of motivation.

It's important to note that the following conditions do not affect your home's price:

• The profit you wish to make from the sale.
• The amount of money you've spent on improvements.
• What your friends and neighbors have told you it might be worth.
• What you originally paid for the home.

Why not "shoot for the stars"?
Nobody wants to leave money on the table, but given the current market conditions, it's not a good idea to be on the high-end of the real estate market - unless your property is in exceptional condition.  Pricing your home should NEVER be based on an emotional decision or what a seller "hopes" to make on the sale of their home.  The days of thinking "we'll start $10-20k high because we need wiggle room when the buyers negotiate us down" are gone.  The most recent nationwide correction in home property values and buyer awareness in the overall real estate market simply does not allow for these games to be played.  Overpricing today will most likely hurt your chance of selling quickly tomorrow.  When selling a home, it doesn't matter where you start (list price), it only matters where you finish (closing) - and you must never forget that YOU are in control of the final sales price.  If it's not what you can live with - you don't have to accept it.

If you have questions about which Denver area Real Estate Agent/Realtor you should hire to list your home, request a FREE Denver Home Market Analysis or call me at 303-520-3179 to schedule a free, no-obligation consultation at your home or my office to learn more about how I can represent your real estate needs.

Use my free Seller's Toolbox to learn about things sellers should consider before listing your Denver area home for sale, frequently asked questions or to request a FREE comparative market analysis to determine how much your Denver area home is actually worth in the Denver metro area including Arvada, Brighton, Broomfield, Denver, Golden, Highland/Sloan's Lake, Highlands Ranch, Littleton, Louisville, Longmont, Thornton, Westminster, Wheat Ridge, Adams County, Denver County & Jefferson County.  Use my website to learn about what factors influence your asking price, get tips on preparing and staging your home for sale, and information on avoiding foreclosure.

If you would like to sit down for coffee and discuss the Denver Real Estate market, just call me anytime at 303-520-3179.  Anthony Rael, Metro Brokers Arvada-Northwest offers professional & trustworthy real estate services to buyers & sellers throughout the Denver metro area including Arvada, Brighton, Broomfield, Denver, Golden, Highland/Sloan's Lake, Highlands Ranch, Littleton, Louisville, Longmont, Thornton, Westminster, Wheat Ridge, Adams County, Denver County & Jefferson County.

Leverage my life-long knowledge of the Denver Metro area - from homes, condos, lofts or investment properties, new homes builders, schools & local amenities to reliable & trustworthy business partners like mortgage brokers & home contractors to maximize your investment, secure your future and realize the home of your dreams.

I look forward to working with you soon.