• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Grand County Real Estate

| Colorado RE/MAX Red

  • Search Properties
    • Featured Properties
    • Explore Local Areas
  • Communities
    • Granby
      • Grand Meadows
      • Cabin Village
      • Condo / Townhomes Developments
    • Grand Lake
    • Hot Sulphur Springs / Parshall
      • Aspen Canyon
      • Copper Creek
    • Kremmling
      • Big Horn Park
      • Blue Valley Acres
      • Gore Lakes
      • Old Park
      • Rabbit Ears Village
      • Spring Creek Ranch
    • Winter Park / Fraser / Tabernash
  • Buyers Resources
    • Mortgage Calculator
    • Historical Sales Data
    • Manufactured vs. Modular
    • Local Vendors
  • Sell My Property
    • Sold Properties
    • What’s My Home Worth?
    • Preparing Your Home for Sale
    • Seller’s Road Map
    • Historical Sales Data
    • Manufactured vs. Modular
    • Local Vendors
  • About Rebecca
    • Blog
    • Testimonials and Reviews
  • Contact

Pricing Your Home

June 3, 2016 by Rebecca Guthrie Leave a Comment

It is tempting to determine the asking price of your home by figuring what you originally paid for it, adding the cost of improvements plus a healthy profit, and then put it on the market. This is a rookie mistake, however, and can cost you a lot of time and money.

It is essential that you place a smart, competitive price on your property. If the price is too high, your home stays on the market longer, increasing your expenses along the way. You may think it’s a good strategy to start high and then reduce the price if necessary. But, if potential buyers see a history of a dropped asking price, they will either wonder what’s wrong with the home since it hasn’t sold or they will think you must be getting desperate and will offer an even lower price.

Your real estate agent can tell you that sellers who list competitively from the start get a better price than those who list high and then go lower and lower. Let your agent help you avoid the overpricing trap. Together you can review a comparative market analysis of similar homes to yours that have sold in your area recently.

Also, consider your local market conditions. Are homes in your neighborhood selling quickly? Is it currently a buyer’s market or a seller’s market? Are you listing during the spring home buying season or in the middle of winter?

Remember that some buyers are motivated by more than just price, so plan to be flexible to get your home sold quickly. When do the buyers want to move into the house? Can you, the seller, finance the the home? Are you willing to leave the patio furniture or an area rug? Be open and creative as you review the buyer’s offer.

Price your home based on reality, not just wishful thinking, and depend on your agent to be your best ally in finding your bottom line.

Filed Under: Homeowner Advice Tagged With: Featured, Selling

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Grand County Real Estate

RE/MAX RED
404 Park Ave / P.O. Box 496
Kremmling, CO 80459
Phone: 970-485-4141

Follow Us

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest

CONTACT REBECCA


Sorry we are experiencing system issues. Please try again.
  • Search Properties
  • Communities
  • Buyers Resources
  • Sell My Property
  • About Rebecca
  • Contact

© 2022 Grand County Real Estate. All Rights Reserved.
Real Estate Website by imFORZA
Equal Housing Opportunity Logo
"All information deemed reliable, but not guaranteed and subject to change without notice."