So you’ve listed your house, and naturally, you want to sell it fast and at the highest price possible. But price cuts are at their highest level since the pandemic. Supply has increased, so our sellers’ market just isn’t the same as it was two years ago. But this is a good sign - the Denver housing market is rebalancing! Yet the old 2020-2022 strategy of setting the asking price too high could force you to settle for a disappointingly lower offer. your house in the most strategic way, trust my expertise. I will help you adjust to the market shift and find the perfect price for YOUR home -
Why Overpricing Is Making Sellers Lose Their Money
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Higher prices “scare off” buyers - they are on a much tighter budget as they grapple with higher interest rates and cost of living expenses.
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More inventory means more options for buyers. So you may experience competition for an offer as there could be similar properties in your neighborhood/area for sale.
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So, overpriced homes will sit on the market for more weeks/months. The longer a house sits, the less it will sell for as buyers think there is something “wrong” with it (source: National Association of Realtors).
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As sellers become “desperate” for an offer, low-balling buyers will have the majority of the negotiating power, forcing a significant price cut.
The Best Strategy For Your Pricing
To sell your home as fast as possible at or perhaps above the asking price, we’ll use data based on your local market TODAY (not last year…or even last month)! I also have some expert tactics to attract buyers’ attention through high-quality, effective marketing and inspire them to see themselves owning your home.
I’m ready to hear about your needs and goals so I can provide you several different pricing strategies. That way we use an approach that gives you the most confidence and success.
Contact me and I’ll start crunching the numbers for you.
Source: Keeping Current Matters
