If You’re Not Getting Showings You’re Priced TOO High

Reblogger Teresa Lansford, MBA, GRI, MRP,SFR,ASN
Real Estate Agent with Bristlecone Realty Group

Thank you Belinda for getting to the point - PRICE SELLS - or keeps a home from selling. Homeowners hang on to their emtional ties and the falsehood that it "Just takes one buyer". Buyers don't search for "one" house, they look at many - probably hundreds of homes by the time they've looked on line as well as in person. Because buyers look at so many homes, they aren't easliy easily duped into spending more than market value ( your home is only worth what a buyer is willing to pay for it.) I agree with you completely, if it's priced well, it will sell.

Original content by Belinda Spillman CRE# 40005863

 

If You’re Not Getting Showings You’re Priced TOO High

 

 

realtorThe Colorado real estate market is HOT!  There is still a shortage of inventory even though sellers are slowly beginning to list their homes for sale.  This equates to a Colorado Seller’s Market but that doesn’t mean you can grossly over price your home.

 

Many sellers currently think they can add $10,000 to $25,000 to the fair market value of their home just because the market is hot.  That is not the case.  Buyers and their agents are savvy enough to avoid the over-priced listings altogether.  They know that the sellers aren’t really motivated if they are just throwing a sign in the ground to see what happens and they know those sellers will be difficult to work with through the entire transaction.  Most cases, these type of sellers refuse to do any repairs to the home at inspection time (especially if they accept a less than full price offer for their home). 

 

If you price it right – it will sell.  And I’m not talking about months on the market.  Well priced homes are selling in a matter of days and sometimes hours. 

 

This is the time to hire a professional real estate professional who is familiar with your area and trust them when they tell you what your home would sell for in today’s market.  Another option is to hire an appraiser and have them to do a full blown appraisal of your home. 

 

And remember – your home is only worth what a buyer is willing to pay for it.

 

Belinda Spillman
Aspen Lane Real Estate
Managing Broker/Owner
Metro Brokers Marina Square
(303) 884-2026

www.AspenLaneRealEstate.com

Belinda1126@hotmail.com

 

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Rainmaker
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Jeff Fisher
RE/MAX Fine Properties - Scottsdale, AZ
RE/MAX Fine Properties

This is true in any market and any home.  Price is where the buyer sets their expectation and begins their search. Priced too high and they simply don't see your home online or in person. 

May 21, 2014 10:54 PM #1
Rainmaker
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William "Bill" and Karen Farragher
EXIT Blue Water Realty, Matawan, NJ 07747 - Matawan, NJ
SFR

Oh so true, it is amazing how many sellers just don't get it. 

May 22, 2014 05:33 AM #2
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Rainer
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Teresa Lansford, MBA, GRI, MRP,SFR,ASN

Your Pikes Peak Real Estate Partner
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