at Keller Williams Integrity
MarComparativeketAnalysis 4750 Uravan Street, Denver, Colorado 80249 4750 Uravan St. Denver,CO 80249 AUGUST 9, 2022 Suleka Amin The Bartic Group at Keller Williams
4750 Uravan St, Denver, CO 80249-8693, Denver County APN: 211-04-003 CLIP: 7683428474 Beds 4 Full Baths 2 Half Baths N/A Sale Price $317,300 Sale Date 01/12/2015 Bldg Sq Ft 2,574 Lot Sq Ft 5,000 Yr Built 2014 Type SFR OWNER INFORMATION Owner Name Kaur Dalbir Mailing ZIP 4 8693 Mailing Address 4750 Uravan St Mailing Carrier Route R083 Mailing City & State Denver, CO Owner Occupied Yes Mailing Zip 80249 LOCATION INFORMATION Property Zip 80249 Census Tract 83 88 Property Zip4 8693 Topography Flat/Level Property Carrier Route R083 Neighborhood Code Parkfield 0002 School District Denver County 1 Township 03S Elementary School Lena Archuleta Range 66W Middle School Mcglone Ece 8 Section 21 High School Martin L King Quarter NE Subdivision Cp Bedrock Filing 3 Block 3 Zoning PUD Lot 3 TAX INFORMATION PIN 211 04 003 % Improved 81% Schedule Number 0021104003000 Tax District 151D Legal Description C P BEDROCK FILING NO 3 B3 L3 ASSESSMENT & TAX Assessment Year 2021 2020 2019 Market Value Land $88,400 $88,400 $88,400 Market Value Improved $376,400 $376,500 $354,400 Market Value Total $464,800 $464,900 $442,800 Assessed Value Land $6,320 $6,320 $6,320 Assessed Value Improved $26,910 $25,340 $25,340 Assessed Value Total $33,230 $31,660 $31,660 YOY Assessed Change (%) 4 96% 0% YOY Assessed Change ($) $1,570 $0 Tax Year Total Tax Change ($) Change (%) 2019 $4,130 2020 $4,195 $66 1.59% 2021 $3,972 $224 5.33% CHARACTERISTICS Lot Acres 0 1148 # Buildings 1 Lot Sq Ft 5,000 Total Rooms 6 Land Use County Single Family Resident Bedrooms 4 Land Use CoreLogic SFR Baths Total 2 Year Built 2014 Baths Full 2 Bldg Sq Ft Above Ground 2,574 Stories 1 5 Bldg Sq Ft Basement 1,493 Heat Type Warm Air Bldg Sq Ft Total 4,067 Garage Type Attached Garage Bldg Sq Ft Finished 2,574 Garage Sq Ft 379 Bldg Sq Ft 1st Floor 1,852 Quality Average Basement Type Partial FEATURES Feature Type Size/Qty Opn Prch Frm 96 Att Garage Frm 379 Property Details Courtesy of Suleka Amin, REcolorado Generated on:08/09/22 The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 1/2
The data within this report is compiled by CoreLogic from public and private sources The data is deemed reliable, but is not guaranteed The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality Page 2/2
(1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal (2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the property valuation analysis process
PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Suleka Amin, REcolorado Generated on:08/09/22
The FSD is a statistic that measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation The FSD can be used to create confidence that the true value has a statistical degree of certainty
The confidence score range is 50 100 Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales
MORTGAGE HISTORY Mortgage Date 01/14/2015 03/12/2014 Mortgage Amount $269,726 Mortgage Lender Cornerstone Hm Lndg Housing Cap Co Borrower Kaur Dalbir Oakwood Homes LLC Mortgage Type Conventional Mortgage Purpose 1st Time Sale Refi Mortgage Term 30 Mortgage Term Years Title Company Stewart Title
SELL SCORE Rating Low Value As Of 2022 08 07 05:18:44 Sell Score 443 ESTIMATED VALUE RealAVM™ $631,500 Confidence Score 92 RealAVM™ Range $582,600 $680,500 Forecast Standard Deviation 8 Value As Of 07/26/2022
LAST MARKET SALE & SALES HISTORY Sale Date 01/12/2015 Deed Type Warranty Deed Sale Price $317,300 Owner Name Kaur Dalbir Price per SqFt Finished $123 27 Seller Oakwood Homes LLC Document Number 4270 Sale Date 01/12/2015 Sale Price $317,300 Buyer Kaur Dalbir Seller Oakwood Homes LLC Document Number 4270 Document Type Warranty Deed Title Company Town & Cntry Title Svcs Inc
(3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric
Map of Comparable Listings STATUS: A = ACTIVE P = PENDING S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 4750 Uravan St 4 2.00 2,574 2 9142106 A 18251 E 47th Drive 5 3.00 2,311 $599,995 3 9928098 P 4647 Walden Way 3 3.00 2,267 $619,900 4 6945530 S 4689 Walden Way 3 3.00 2,056 $561,000 5 7504745 S 4587 Walden Court 4 3.00 2,909 $625,000 6 2227872 S 4674 Walden Street 3 2.00 2,087 $585,500 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 4
18251 E 47th Drive Denver, CO 80249 MLS #9142106 $599,995 5 Beds 3.00 Baths 2,311 Sq. Ft. ($260 / sqft) ACTIVE 8/6/22 Year Built 2013 Days on market: 2 Details Prop Type: Single Family Residence County: Denver Subdivision: Parkfield Style: Traditional Full baths: 1.0 3/4 Baths: 1.0 Half baths: 1.0 Lot Size (sqft): 5,510 Garages: 2 List date: 8/6/22 Updated: Aug 8, 2022 5:24 AM List Price: $599,995 Orig list price: $599,995 Taxes: $3,550 School District: Denver 1 High: Montbello Middle: Dr. Martin Luther King Elementary: Waller Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer Association Fee Frequency: Included in Property Tax Association Name: Included in Property tax Association Phone: NA Association Yn: true Builder Name: Oakwood Homes, LLC Building Area Source: Public Records Construction Materials: Frame, Vinyl Siding Cooling: Central Air Direction Faces: South Exterior Features: Spa/ Hot Tub Fencing: Partial Flooring: Carpet, Tile Heating: Active Solar, Forced Air Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Kitchen Island, Open Floorplan, Smoke Free, Spa/Hot Tub, Walk-In Closet(s) Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2311 Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 1 Parking Features: Concrete Parking Total: 2 Patio And Porch: Deck, Front Porch Property Condition: Updated/Remodeled Roof: Composition Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 5
Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 6
Street,
*Easy freeway access. *Close to restaurants and shopping.
Remarks
*10 minutes from DIA
Comparative Market Analysis 4750
Immaculate and open floor plan with 5 bedrooms on the upper level. The primary bedroom boasts a huge window to enjoy the views and primary bathroom boasts an organized walk-in closet with shelves and a full linen closet in the bathroom to meet all storage needs. The 4 other bedrooms are spacious and well laid out for a home office, children rooms or whatever the need! Beautiful new wide plank porcelain tile floors throughout the main level. Huge center island with solid granite counter tops makes this a perfect home for entertaining or quiet time alone. Stainless steel appliances and upgraded cabinets are complete with tile back splash and ample pantry closet. Welcoming spacious entryway/foyer as well as a handy mud room between the kitchen and garage! Laundry room is conveniently located on the upper level to accommodate the 5 bedrooms and 2 full baths, and washer/dryer are included. In the great room is a modern electric fireplace with interchangeable crystal and wood inserts, plus a beautiful rustic mantle. Ceiling fans and central air are a welcome feature in our beautiful summer season. Also included is a fully functional hot tub, large deck and huge fenced backyard.
Front and back sprinkler system provide ease in caring for the lot. Home faces south and the natural solar rays in the winter make it easy to remove snow. The solar ownership can be purchased out right or buyer can take over lease payments. Property has received a credit from Xcel energy every month for 5 years with the solar system
Security Features: Carbon Monoxide Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: C P BEDROCK FILING NO 3 B6 L6 Tax Year: 2020
*5 minutes from the A line station which goes straight to downtown Denver and DIA
*Close to schools and parks.
*Close to Green Valley Ranch Golf Club and Recreational Center. Uravan Denver, Colorado 80249
18251 E 47th Drive Denver, CO 80249 MLS #9142106 $599,995 5 Beds 3.00 Baths 2,311 Sq. Ft. ($260 / sqft) ACTIVE 8/6/22 Year Built 2013 Days on market: 2 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 7
4647 Walden Way Denver, CO 80249 MLS #9928098 $619,900 3 Beds 3.00 Baths 2,267 Sq. Ft. ($273 / sqft) PENDING 7/22/22 Year Built 2013 Days on market: 16 Details Prop Type: Single Family Residence County: Denver Subdivision: C P BEDROCK Full baths: 2 0 Half baths: 1.0 Lot Size (sqft): 4,940 Garages: 2 List date: 7/6/22 Pending date: 7/22/22 Off-market date: 7/22/22 Updated: Jul 22, 2022 11:06 AM List Price: $619,900 Orig list price: $619,900 Taxes: $3,669 School District: Denver 1 High: High Tech EC Middle: Noel Community Arts School Elementary: SOAR at Green Valley Ranch Features Appliances: Dishwasher, Double Oven, Microwave, Range, Refrigerator Association Yn: false Basement: Full, Unfinished Below Grade Unfinished Area: 10170 Construction Materials: Vinyl Siding Cooling: Central Air Fencing: Full Fireplace Features: Living Room Fireplaces Total: 1 Flooring: Carpet, Laminate Heating: Forced Air, Natural Gas Interior Features: Eat-in Kitchen, Entrance Foyer, Granite Counters, Pantry, Primary Suite, Walk-In Closet(s) Levels: Two Listing Terms: Cash, Conventional, VA Loan Living Area Total: 2267 Lot Features: Level Main Level Bathrooms: 1 Parking Total: 2 Property Condition: Updated/Remodeled Roof: Composition Security Features: Smoke Detector(s) Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: C P BEDROCK FILING NO 3 B10 L16 Tax Year: 2021 Virtual Tour: View Water Source: Public Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 8
Comparative Market Analysis 4750
Suleka
Zoning: PUD Remarks
Amin
The Bartic Group at Keller Williams
80249
Street,
Come see this fabulous home! Greeted by an abundance of natural light, new paint, rich dark cabinetry, granite countertops, and a spacious open floor plan. This home features rustic plank wood flooring, oversized kitchen island, stainless steel appliances, pantry and gorgeous stone fireplace. Spacious Master suite, double sinks, oversized tiled shower, walk in closet, great flex space with loft upstairs, laundry and 2 additional bedrooms. Plenty of room for growth in the unfinished basement. Close to airport and shopping! Uravan Denver, Colorado
Cell: 7202780699 9
4647 Walden Way Denver, CO 80249 MLS #9928098 $619,900 3 Beds 3.00 Baths 2,267 Sq. Ft. ($273 / sqft) PENDING 7/22/22 Year Built 2013 Days on market: 16 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 10
4689 Walden Way Denver, CO 80249 MLS #6945530 $561,000 3 Beds 3.00 Baths 2,056 Sq. Ft. ($273 / sqft) CLOSED 2/18/22 Year Built 2013 Days on market: 5 Details Prop Type: Single Family Residence County: Denver Subdivision: Cp Bedrock Filing 3 Full baths: 3.0 Lot Size (sqft): 4,775 Garages: 2 List date: 1/27/22 Sold date: 2/18/22 Off-market date: 2/1/22 Updated: Feb 21, 2022 8:03 AM List Price: $495,000 Orig list price: $495,000 Taxes: $3,604 School District: Denver 1 High: Noel Community Arts School Middle: Noel Community Arts School Elementary: SOAR at Green Valley Ranch Features Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer Association Yn: false Building Area Source: Public Records Concessions: No Construction Materials: Frame, Rock Cooling: Central Air Exterior Features: Private Yard Fencing: Full Fireplace Features: Gas, Gas Log, Great Room Fireplaces Total: 1 Heating: Forced Air, Natural Gas Interior Features: Five Piece Bath, Kitchen Island, Master Suite, Open Floorplan, Walk-In Closet(s) Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2056 Lot Features: Level, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Total: 2 Patio And Porch: Patio Roof: Composition Security Features: Security System, Smoke Detector(s) Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 11
Community Yn: false
Remarks
Public Sewer Structure Type: House Tax Legal Description: C P BEDROCK FILING NO 3 B10 L21 Tax Year: 2020 Virtual Tour: View Water Source: Public Window Features: Window Coverings Zoning: PUD
This stunner is located in a great area and has everything you might need but it's missing you. From the outside, we see a lovely exterior with a driveway and garage. The living room is perfect for entertaining,for movie nights next to the fireplace or to simply lay back and relax. The dining area and kitchen are amazing and count with lots of space for cooking, storing the goodies and enjoying meals. Plus the stainless steel appliances and beautiful conuntertops give it such a unique touch. The bedrooms and bathrooms are an excellent size and have so many beautiful finishes that add a great look to the place. Aside from the extra spaces you get around the house that are just perfect for you to use however you might need. The fenced backyard is just delightful with a patio area and some green space as well that is fitting for pets, guests or for you to enjoy Uravan Denver, Colorado
Senior Sewer:
Comparative Market Analysis 4750
Street,
80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 12
4689 Walden Way Denver, CO 80249 MLS #6945530 $561,000 3 Beds 3.00 Baths 2,056 Sq. Ft. ($273 / sqft) CLOSED 2/18/22 Year Built 2013 Days on market: 5 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 13
4587 Walden Court Denver, CO 80249 MLS #7504745 $625,000 4 Beds 3.00 Baths 2,909 Sq. Ft. ($215 / sqft) CLOSED 3/2/22 Year Built 2014 Days on market: 5 Details Prop Type: Single Family Residence County: Denver Subdivision: C P BEDROCK FILING NO 3 Full baths: 2 0 Half baths: 1.0 Lot Size (sqft): 5,060 Garages: 2 List date: 1/20/22 Sold date: 3/2/22 Off-market date: 1/25/22 Updated: Mar 3, 2022 2:05 AM List Price: $610,000 Orig list price: $610,000 Taxes: $3,892 School District: Denver 1 High: DSST: Green Valley Ranch Middle: Dr. Martin Luther King Elementary: SOAR at Green Valley Ranch Features Appliances: Microwave, Oven Association Yn: false Basement: Full, Partial Below Grade Unfinished Area: 369 0 Concessions: Other Concessions Amount: 1050 Construction Materials: Vinyl Siding Cooling: Central Air Fireplaces Total: 1 Heating: Electric Interior Features: Granite Counters Levels: Two Listing Terms: Cash, Conventional, VA Loan Living Area Total: 2909 Lot Features: Level Main Level Bathrooms: 1 Parking Total: 2 Roof: Other Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: C P BEDROCK FILING NO 3 B14 L15 Tax Year: 2020 Utilities: Electricity Available, Natural Gas Available Zoning: PUD Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 14
Cell: 7202780699 15
Suleka Amin The Bartic Group at Keller Williams
Remarks Built in 2014, this Denver two-story home offers granite countertops, and a one-car garage. This home has been virtually staged to illustrate its potential.
Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249
4587 Walden Court Denver, CO 80249 MLS #7504745 $625,000 4 Beds 3.00 Baths 2,909 Sq. Ft. ($215 / sqft) CLOSED 3/2/22 Year Built 2014 Days on market: 5 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 16
4674 Walden Street Denver, CO 80249 MLS #2227872 $585,500 3 Beds 2.00 Baths 2,087 Sq. Ft. ($281 / sqft) CLOSED 5/27/22 Year Built 2013 Days on market: 19 Details Prop Type: Single Family Residence County: Denver Subdivision: Parkfield Full baths: 2 0 Lot Size (sqft): 5,549 Garages: 2 List date: 4/21/22 Sold date: 5/27/22 Off-market date: 5/10/22 Updated: May 31, 2022 4:36 AM List Price: $585,000 Orig list price: $540,000 Assoc Fee: $1,200 Taxes: $3,268 School District: Denver 1 High: DSST: Green Valley Ranch Middle: DSST: Green Valley Ranch Elementary: Lena Archuleta Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Washer Association Amenities: Park, Trail(s) Association Fee Frequency: Included in Property Tax Association Fee Includes: Trash Association Name: Green Valley Association Phone: (303) 307 3240 Association Yn: true Concessions: Buyer Credit/Incentives Concessions Amount: 350 Construction Materials: Vinyl Siding, Wood Siding Cooling: Central Air Exterior Features: Balcony Fencing: Full Flooring: Carpet, Laminate, Wood Heating: Forced Air Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2087 Lot Features: Level Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Total: 2 Patio And Porch: Covered Pets Allowed: Yes Roof: Composition Senior Community Yn: false Sewer: Public Sewer Structure Type: House Tax Legal Description: C P BEDROCK FILING NO 3 B9 L3 Tax Year: 2021 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 17
Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 18
Water Source: Public Zoning: PUD Remarks Welcome Home! This Fantastic Updated Gem In GVR with Main Floor Primary Bedroom! Enter this Home and Enjoy the Open Floor Plan, and High Ceilings with Tons of Natural Light! The Kitchen Features
Oversized Granite Counter Island, Upgraded Stainless Steel Appliances, Staggered Shaker Cabinets with Crown Molding and Upgraded Long Pull Handles, and HUGE Oversized Pantry! The Entertaining Space of the Kitchen Flows into The Large Family Room and Dining Room Where the Pocket Windows and Back Door Immerse Sunshine! Walk Into the Private Primary Bedroom that Boasts High Ceilings, Extra Space, Spa Like Shower, Oversized Closet and Dual Sinks. Upstairs Is a Wide Open Bonus Room with Nearly 650 Square Feet of Space with a Non Conforming Bedroom and Extra Living Space! When Buying a Home there are 3 Things to Consider! LOCATION, LOCATION, LOCATION! This Home is in the HEART of Green Valley Ranch. Close to Shopping, Highways, Parks, Restaurants, Airport, Trails, LightRail, Schools, Town Center Park Amphitheater, Library, and MUCH MUCH MORE! This is a MUST See Home! All information deemed reliable Buyer and Buyers to verify all information
4674 Walden Street Denver, CO 80249 MLS #2227872 $585,500 3 Beds 2.00 Baths 2,087 Sq. Ft. ($281 / sqft) CLOSED 5/27/22 Year Built 2013 Days on market: 19 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 19
Comparable Property Statistics A 1 Active Listings P 1 Pending Listings S 3 Sold Listings LOWEST $599,995 AVERAGE $599,995 HIGH $599,995 AVG PRICE / SQFT $260 AVG DOM 2 LOWEST $619,900 AVERAGE $619,900 HIGH $619,900 AVG PRICE / SQFT $273 AVG DOM 16 LOWEST $561,000 AVERAGE $590,500 HIGH $625,000 AVG PRICE / SQFT $256 AVG DOM 9 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 20
Sold Property Analysis Averages 104.8% Homes sold for an average of 104 8% of their list price. 9 Days on market It took an average of 9 days for a home to sell. Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 4689 Walden Way $495,000 $561,000 113.33% 5 $273 4587 Walden Court $610,000 $625,000 102 46% 5 $215 4674 Walden Street $540,000 $585,500 108 43% 19 $281 Averages $548,333 $590,500 107 69% 9 $256 Comparative Market Analysis 4750 Uravan Street, Denver, Colorado 80249 Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 21
Summary of Comparable Properties A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 18251 E 47th Drive 5 3.00 2,311 $599,995 $260 Averages 2,311 $599,995 $260 P PENDING LISTINGS
Comparative Market Analysis
Suleka Amin The Bartic Group at Keller Williams Cell: 7202780699 22
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 4689 Walden Way 2/18/22 3 3.00 2,056 $561,000 $273 4587 Walden Court 3/2/22 4 3.00 2,909 $625,000 $215 4674 Walden Street 5/27/22 3 2 00 2,087 $585,500 $281 Averages 2,350 $590,500 $256 4750 Uravan Street, Denver, Colorado 80249
S SOLD
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 4647 Walden Way 3 3.00 2,267 $619,900 $273 Averages 2,267 $619,900 $273 LISTINGS
Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
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Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area.
Pricing a home for sale is as much art as science, but there are a few truisms that never change. Fair market value attracts buyers, overpricing never does. The first two weeks of marketing are crucial. The market never lies, but it can change its mind.
Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.
at Keller Williams Integrity
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PRICINGINTELLIGENT&TIMING
TIME ON MARKET (IN WEEKS) ACTIVITY 1 2 3 4 5 6
With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks.
at Keller Williams Integrity
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.
Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage.
The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.
If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price.
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.
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