at Keller Williams Integrity
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
John and Frances Kellogg JULY 29, 2022
Kyle Gephart
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Online Valuation Analysis How accurate are Zestimates?
6.4%
$48,800
Zestimates varied up to 6.4% or $48,800 compared to actual MLS prices.
A
2 Active
ADDRESS
PRICE
ZESTIMATE
DIFFERENCE
1981 E Nichols Drive
$675,000
$688,900
2.1%
8099 S Williams Way
$759,000
$807,800
6.4%
SOLD DATE
SOLD PRICE
ZESTIMATE
DIFFERENCE
6/30/22
$712,500
$715,600
0.4%
S
1 Sold
ADDRESS
8063 S Race Way
Source: Zillow
Kyle Gephart Cell: 720-520-4448
3
8010 S Williams Way, Centennial, CO 80122-3247, Arapahoe County APN: 2077-35-4-21-011
CLIP: 2210622253
Beds 3
Full Baths 3
Half Baths N/A
Sale Price $152,900
Bldg Sq Ft 2,678
Lot Sq Ft 9,191
Yr Built 1989
Type SFR
Sale Date 07/30/1990
OWNER INFORMATION
Owner Name
Kellogg John F
Mailing Zip
80122
Owner Name 2
Kellogg Frances L
Mailing ZIP 4
3247
Mailing Address
8010 S Williams Way
Mailing Carrier Route
C016
Mailing City & State
Centennial, CO
Owner Occupied
Yes
Property Zip
80122
Census Tract
56.31
Property Zip4
3247
Neighborhood Code
Four Lakes-0839
Property Carrier Route
C016
Township
05S
School District
Littleton 6
Range
68W
Elementary School
Sandburg
Section
35
Middle School
Powell
Quarter
SE
High School
Arapahoe
Block
1
Subdivision
Four Lakes Sub 6th Flg
Lot
8
PIN
2077-35-4-21-011
% Improved
65%
Alternate PIN
032516429
Tax District
1129
Schedule Number
207735421011
Legal Description
LOT 8 BLK 1 FOUR LAKES SUB 6T H FLG EX M/R
LOCATION INFORMATION
TAX INFORMATION
ASSESSMENT & TAX
Assessment Year
2021
2020
2019
Market Value - Land
$188,000
$188,000
$188,000
Market Value - Improved
$354,700
$374,900
$374,900
Market Value - Total
$542,700
$562,900
$562,900
Assessed Value - Land
$13,442
$13,442
$13,442
Assessed Value - Improved
$25,361
$26,805
$26,805
Assessed Value - Total
$38,803
$40,247
$40,247
YOY Assessed Change (%)
-3.59%
0%
YOY Assessed Change ($)
-$1,444
$0
Tax Year
Total Tax
Change ($)
Change (%)
2019
$4,186
2020
$4,425
$239
5.71%
2021
$4,272
-$153
-3.46%
CHARACTERISTICS
Lot Frontage
105
Baths - Total
3
Lot Depth
99
Baths - Full
3
Lot Acres
0.211
Stories
2
Lot Sq Ft
9,191
Fireplace
Y
Land Use - County
Single Family Resid
Fireplaces
1
Land Use - CoreLogic
SFR
Heat Fuel Type
Gas
Building Type
Single Family
Heat Type
Forced Air
Year Built
1989
Patio Type
Patio/Terrace
Bldg Sq Ft - Above Ground
2,678
Garage Type
Attached Garage
Bldg Sq Ft - Basement
1,056
Garage Sq Ft
616
Bldg Sq Ft - Finished
2,678
Roof Material
Wood Shake
Bldg Sq Ft - 1st Floor
1,358
Exterior
Brick Veneer
Bldg Sq Ft - 2nd Floor
1,320
Foundation
Concrete
Basement Type
Basement
Quality
Good
# Buildings
1
Equipment
Dishwasher, Disposal
Bedrooms
3
Property Details
Courtesy of Kyle Gephart, REcolorado
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.
Generated on: 07/29/22 Page 1/3
FEATURES
Feature Type
Size/Qty
Attached Garage
616
Covered Porch
56
Patio Slab Or Terrace
270
First Floor
1,358
Second Floor
1,320
Basement Total
1,056
SELL SCORE
Rating
Low
Sell Score
378
Value As Of
2022-07-24 07:42:55
LAST MARKET SALE & SALES HISTORY
Sale Date
07/30/1990
Deed Type
Warranty Deed
Sale Price
$152,900
Owner Name
Kellogg John F
Price per SqFt - Finished
$57.09
Owner Name 2
Kellogg Frances L
Document Number
6001-630
Seller
Neumeister W O & Neumeister F
Sale Date
12/09/1992
Sale Price
07/30/1990
08/10/1989
03/28/1988
$152,900
$147,000
$62,000
Neumeister W O
Henderson Contruction Co I nc
Nominal
Y
Buyer
Kellogg John F & Kellogg F L
Kellogg John F & Leslie F E
Buyer
Kellogg Kellogg F L
Kellogg Leslie F E
Seller
Kellogg John F & Leslie F E
Neumeister W O & Neumeist er F
Henderson Construction Co Inc
Cb Partners
Document Number
6750-750
6001-630
5749-594
5408-478
Document Type
Quit Claim Deed
Warranty Deed
Warranty Deed
Warranty Deed
Multi/Split Sale Type
Multiple
MORTGAGE HISTORY
Mortgage Date
06/17/2015
06/12/2015
11/09/2005
01/28/2002
12/23/1992
Mortgage Amount
$62,500
$260,400
$250,000
$120,000
$132,000
Mortgage Lender
US Bk National Assn
US Bk National Assn
US Bk National Assn
US Bk/Nd
Colorado Nat'l Bk
Borrower
Kellogg John F
Kellogg John F
Kellogg John F
Kellogg John P
Kellogg John F
Borrower
Kellogg Frances L
Kellogg Frances L
Kellogg Frances L
Kellogg Frances L
Kellogg Kellogg F L
Mortgage Type
Conventional
Conventional
Conventional
Conventional
Conventional
Mortgage Purpose
Refi
Refi
Refi
Refi
Nominal
Fixed Rate Loan
Fixed Rate Loan
Mortgage Int Rate Type Mortgage Term
10
30
Mortgage Term
Years
Years
Title Company
Southwest Fin'l Svcs
Southwest Fin'l Svcs
30 Years First American Title
US Recordings Inc
Mortgage Date
09/06/1990
08/11/1989
04/13/1988
Mortgage Amount
$137,600
$83,870
$27,900
Mortgage Lender
Union Fsb
Borrower
Kellogg John F
Borrower
Kellogg Leslie F E
Neumeister W O
Henderson Contruction Co Inc
Mortgage Type Mortgage Purpose
Private Party Lender
Fha
Private Party Lender
Resale
1st Time Sale
Resale
Mortgage Int Rate Type Mortgage Term Mortgage Term Title Company
Property Details
Courtesy of Kyle Gephart, REcolorado
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.
Generated on: 07/29/22 Page 2/3
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Kyle Gephart, REcolorado
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.
Generated on: 07/29/22 Page 3/3
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Map of Comparable Listings
STATUS:
MLS #
STATUS
ADDRESS
BEDS
BATHS
8010 S Williams Way
3
A = ACTIVE
S = CLOSED
SQFT
PRICE
3.00
2,678
-
1
Subject
2
2048113
A
1981 E Nichols Drive
4
3.00
2,796
$675,000
3
2205748
A
8099 S Williams Way
4
5.00
2,964
$759,000
4
9735648
S
8063 S Race Way
3
3.00
1,941
$712,500
Kyle Gephart Cell: 720-520-4448
5
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
1981 E Nichols Drive
Centennial, CO 80122
$675,000 ACTIVE
4 Beds 3.00 Baths Year Built 1987
7/29/22
MLS #2048113 2,796 Sq. Ft. ($241 / sqft) Days on market: 0
Details Prop Type: Single Family Residence
Lot Size (sqft): 6,534
Orig list price: $675,000
Middle: Powell
Garages: 2
Assoc Fee: $79
Elementary: Sandburg
County: Arapahoe
List date: 7/29/22
Taxes: $2,980
Subdivision: Four Lakes Full baths: 2.0
Updated: Jul 28, 2022 7:16 PM
School District: Littleton 6
3/4 Baths: 1.0
List Price: $675,000
High: Arapahoe
Association Amenities: Park, Playground, Pool, Tennis Court(s)
Association Yn: true
Fireplace Features: Family Room, Wood Burning
Association Fee Frequency: Monthly
Below Grade Unfinished Area: 598.0
Association Fee Includes: Capital Reserves, Maintenance Grounds, Recycling, Trash
Construction Materials: Wood Siding
Features
Association Name: Four Lakes - 5150 Association Phone: 720-961-5150
Basement: Walk-Out Access
Cooling: Central Air Distance To Bus Numeric: 1 Distance To Bus Units: Miles
Fireplaces Total: 1 Flooring: Carpet, Tile, Wood Heating: Forced Air
Interior Features: Eat-in Kitchen, Granite Counters, Jet Action Tub, Kitchen Island, Pantry, Smoke Free, Vaulted Ceiling(s), Walk-In Closet(s) Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2796 Lot Features: Level
Kyle Gephart Cell: 720-520-4448
6
Comparative Market Analysis
Main Level Bathrooms: 1 Main Level Bedrooms: 1 Parking Features: Concrete Parking Total: 2 Patio And Porch: Covered, Deck
8010 South Williams Way, Centennial, Colorado 80122
Pets Allowed: Number Limit Roof: Composition
Tax Legal Description: LOT 6 BLK 1 FOUR LAKES SUB 1ST FLG EX M/R
Senior Community Yn: false
Tax Year: 2021
Sewer: Public Sewer
Water Source: Public
Window Features: Double Pane Windows, Skylight(s), Window Treatments
Virtual Tour: View
Structure Type: House
Remarks Welcome to this fabulous 2-story home in the desirable neighborhood of Four Lakes. Upstairs are three large bedrooms and two full baths. Enter the vaulted Master bedroom through french doors. The spacious master suite has a his and hers walk-in closet, jetted soaker tub, double vanity and skylight. Two additional large bedrooms and full bath complete the upper level. The main level boasts a vaulted living room, formal dining room, updated kitchen features an island and slab granite, family room with fireplace, 3/4 bath and study/bedroom. South facing 2-car garage is a pleasure in the winter! The walk-out basment provides a huge rec room, play area, massive storage area with rough-in plumbing to put in a bathroom. Walk outside to the fenced backyard with huge 31' X 10' deck and covered patio, perfect for playing, entertaining or relaxing! Community amenities include pool, tennis, pickleball, Abbott Park, playground, ball field and soccer field. Low HOA fees of just $79.00 mo.
Kyle Gephart Cell: 720-520-4448
7
Comparative Market Analysis
1981 E Nichols Drive $675,000 ACTIVE
7/29/22
8010 South Williams Way, Centennial, Colorado 80122 Centennial, CO 80122
4 Beds 3.00 Baths Year Built 1987
MLS #2048113 2,796 Sq. Ft. ($241 / sqft) Days on market: 0
Kyle Gephart Cell: 720-520-4448
8
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
8099 S Williams Way
Centennial, CO 80122
$759,000 ACTIVE
4 Beds 5.00 Baths Year Built 1985
7/28/22
MLS #2205748 2,964 Sq. Ft. ($256 / sqft) Days on market: 1
Details Prop Type: Single Family Residence
Half baths: 2.0
List Price: $759,000
High: Arapahoe
Lot Size (sqft): 17,250
Orig list price: $759,000
Middle: Powell
County: Arapahoe
Garages: 3
Assoc Fee: $79
Elementary: Sandburg
Subdivision: Four Lakes
List date: 7/28/22
Taxes: $4,492
Style: Traditional
Updated: Jul 28, 2022 11:57 AM
School District: Littleton 6
Association Phone: 720-961-5150
Construction Materials: Wood Siding
Flooring: Carpet, Laminate, Tile, Wood
Association Yn: true
Cooling: Attic Fan, Central Air
Foundation Details: Slab
Direction Faces: North
Horse Yn: false
Full baths: 3.0
Features Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer Association Amenities: Pool, Tennis Court(s)
Basement: Crawl Space, Finished, Interior Entry/ Standard, Partial, Unfinished
Association Fee Frequency: Monthly
Below Grade Unfinished Area: 303.0
Association Fee Includes: Trash
Building Area Source: Public Records
Association Name: Village of Four Lakes HOA
Common Walls: No Common Walls
Heating: Forced Air
Electric: 110V, 220 Volts Exterior Features: Private Yard Fencing: Full Fireplace Features: Family Room, Wood Burning Fireplaces Total: 1
Kyle Gephart Cell: 720-520-4448
9
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Five Piece Bath, High Ceilings, Open Floorplan, Pantry, Primary Suite, Smoke Free, Tile Counters, Vaulted Ceiling(s), WalkIn Closet(s)
Lot Features: Cul-De-Sac, Spring
Parking Total: 3
Roof: Composition
Levels: Two
Patio And Porch: Front Porch
Senior Community Yn: false
Pets Allowed: Cats OK, Dogs OK
Sewer: Public Sewer
Listing Terms: Cash, Conventional Living Area Total: 2964
Main Level Bathrooms: 2 Main Level Bedrooms: 1 Parking Features: Concrete, Exterior Access Door
Property Condition: Fixer Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Road Surface Type: Paved
Structure Type: House
Tax Legal Description: LOT 21 BLK 2 FOUR LAKES SUB 6TH FLG EX M/R Tax Year: 2021 Utilities: Electricity Connected, Natural Gas Connected Water Source: Public Window Features: Bay Window(s), Double Pane Windows Zoning: RES
Remarks Check out this 2 story popular floorplan in the desirable Four Lakes community on a private and quiet cul de dac with a .4 acre private fenced yard. With a lot of TLC on the yard and updates to the interior, this home will shine and it is priced accordingly. Great bones from the main floor ensuite bedroom to the loft to the large eat in kitchen to the vaulted ceiling with skylights in the family room - you can make this home exactly what you desire. The large entryway welcomes you into this home with granite tile flooring and leads you into the sunken formal living room and from there into the vaulted ceiling family room with skylights, fireplace and hardwood floors. From there the kitchen expands across the back of the home with tile flooring and pantry. The special feature of this floorplan is the main floor bedroom or office with ensuite full bath. The main floor also has the laundry, powder room and formal dining room with hardwood floors. Another great feature is the 3 car garage with a service door to the side yard with additional storage.The upper level boasts a light filled loft, 2 nice sized bedrooms, main full bath plus a very generously sized, vaulted ceilng primary suite with a charming bay window and 5 piece bath. There is a basement that has a rec room that is finished, half bath and a large storage room plus crawl space. Out back is a huge fenced yard that needs some love and labor. The deck off of the kitchen needs to be replaced as well. This is a great opportunity to buy in this coveted neighborhood and build equity. Wonderful location in Four Lakes neighborhood with community pool and tennis courts and green space as well as Abbott Park yet close to 470 and Univeristy for easy access to DT, DTC, the mountains as well as shopping, restaurants and schools.
Kyle Gephart Cell: 720-520-4448
10
Comparative Market Analysis
8099 S Williams Way $759,000 ACTIVE
7/28/22
8010 South Williams Way, Centennial, Colorado 80122 Centennial, CO 80122
4 Beds 5.00 Baths Year Built 1985
MLS #2205748 2,964 Sq. Ft. ($256 / sqft) Days on market: 1
Kyle Gephart Cell: 720-520-4448
11
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
8063 S Race Way
Centennial, CO 80122
$712,500 CLOSED
6/30/22
MLS #9735648
3 Beds 3.00 Baths
1,941 Sq. Ft. ($367 / sqft)
Year Built 1984
Days on market: 24
Details Prop Type: Single Family Residence
3/4 Baths: 1.0
Off-market date: 5/25/22
Taxes: $2,878
Half baths: 1.0
County: Arapahoe
Lot Size (sqft): 10,454
Updated: Jun 30, 2022 9:59 AM
School District: Littleton 6
Subdivision: Four Lakes
Garages: 2
List Price: $710,000
High: Arapahoe
Style: Contemporary,Traditional
List date: 4/22/22
Orig list price: $724,900
Middle: Powell
Sold date: 6/30/22
Assoc Fee: $79
Elementary: Sandburg
Association Name: Four Lakes HOA - 5150 Community Management
Building Area Source: Public Records
Cooling: Central Air
Building Name: The Village of Four Lakes
Association Phone: (720) 961-5150
Distance To Bus Numeric: 3
Common Walls: No Common Walls
Association Yn: true
Distance To Bus Units: Blocks
Concessions: Cash
Basement: Exterior Entry, Full, Unfinished, WalkOut Access
Concessions Amount: 1250
Exterior Features: Balcony, Garden, Rain Gutters
Full baths: 1.0
Features Appliances: Dishwasher, Disposal, Microwave, Oven, Refrigerator Association Amenities: Pool Association Fee Frequency: Monthly Association Fee Includes: Insurance, Maintenance Grounds, Recycling, Trash
Below Grade Unfinished Area: 995.0
Construction Materials: Brick, Frame, Wood Siding
Direction Faces: East
Fencing: Partial
Kyle Gephart Cell: 720-520-4448
12
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Fireplace Features: Family Room, Wood Burning Stove
Listing Terms: Cash, Conventional, Jumbo, VA Loan
Fireplaces Total: 1
Living Area Total: 1941
Flooring: Carpet, Laminate, Tile
Lot Features: Landscaped, Near Public Transit, Sloped, Sprinklers In Front, Sprinklers In Rear
Foundation Details: Concrete Perimeter Heating: Forced Air
Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s), Smart Security System, Video Doorbell
Tax Year: 2021 Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available View: Mountain(s) Virtual Tour: View Water Source: Public
Parking Features: Exterior Access Door, Lighted
Senior Community Yn: false
Window Features: Double Pane Windows, Skylight(s), Window Coverings
Sewer: Public Sewer
Parking Total: 2
Zoning: PUD Residential
Structure Type: House
Laundry Features: In Unit
Patio And Porch: Deck, Front Porch, Patio
Levels: Two
Road Frontage Type: Public Road, Year Round
Tax Legal Description: LOT 12 BLK 6 FOUR LAKES SUB 1ST FLG EX M/ R
Interior Features: Ceiling Fan(s), Corian Counters, Eat-in Kitchen, High Ceilings, Marble Counters, Walk-In Closet(s)
Main Level Bathrooms: 1
Remarks Location, Location, Location, South Metro the Village of Four Lakes, Centennial CO! This lovely home sits atop a hill with Sunset/Mountain Views Nov - May, and Lush/Green Tree Views May - Oct! The home is situated East - West position, ensuring plenty of natural light throughout the home from sunrise to sunset. Highly sought-after community, easy walk to Abbott Park with open fields/playgrounds, covered Picnic Shelter w/outdoor picnic tables, Community Pool, with Cabana change rooms, covered picnic areas/ poolside and zoned for BEST LPS Schools! This loved and well-maintained home is light & bright, spacious with open floor plan and great workflow for easy living! Upon entry, there are formal Living & Dining rooms to the right, which flow into the updated Kitchen and adjoining Family room. Eat-in space in the kitchen with large picture window, sliding doors out to the deck to enjoy Alfresco Dining with Tree or Mountain views & sunsets, depending upon season. Updated Interior w/neutral paint, newer light fixtures, newer HW Laminate flooring and Carpets throughout the home. The Kitchen has tile flooring with White Cabinets & Corian countertops, Pendant Lights, Seamless Sink/Faucet. Newer Kenmore Suite of stainless-steel appliances included. Open to Family room with wood burning fireplace stove, convenient main floor guest powder room and garage access. Upper level where the Primary and additional bedrooms/bathrooms are located. Primary Suite is an adult retreat w MTN views & private ensuite Bathroom. Vaulted Ceilings, Walk in Closet, ensuite with sky light and custom walk-in tile shower. Newer vanity with Marble counters. Large Walk out Unfinished Basement to complete to your preferences. Beautiful garden w/shed, and a 2-person bath hot tub Included! Convenient Access University Blvd/C-470, County Line, South Glenn/Lone Tree Shopping, RTD Park n Ride, Shops & Restaurants WELCOME HOME!! Photographs & Virtual Tour Coming Wednesday, Showings Start Saturday23rd 9am.
Kyle Gephart Cell: 720-520-4448
13
Comparative Market Analysis
8063 S Race Way $712,500 CLOSED
6/30/22
8010 South Williams Way, Centennial, Colorado 80122 Centennial, CO 80122
MLS #9735648
3 Beds 3.00 Baths
1,941 Sq. Ft. ($367 / sqft)
Year Built 1984
Days on market: 24
Kyle Gephart Cell: 720-520-4448
14
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Comparable Property Statistics A
2 Active Listings LOWEST
$675,000
S
AVERAGE
$717,000
HIGH
$759,000
AVG PRICE / SQFT
AVG DOM
$249
1
AVG PRICE / SQFT
AVG DOM
$367
24
1 Sold Listings LOWEST
$712,500
AVERAGE
$712,500
HIGH
$712,500
Kyle Gephart Cell: 720-520-4448
15
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Sold Property Analysis Averages
100.4%
Homes sold for an average of 100.4% of their list price.
24
Days on market
It took an average of 24 days for a home to sell.
Analysis ADDRESS
8063 S Race Way
Averages
ORIG LIST PRICE
SOLD PRICE
% OF ORIG LIST PRICE
DOM
$ PER SQFT
$724,900
$712,500
98.29%
24
$367
$724,900
$712,500
98.29%
24
$367
Kyle Gephart Cell: 720-520-4448
16
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Summary of Comparable Properties A
ACTIVE LISTINGS
ADDRESS
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
1981 E Nichols Drive
-
4
3.00
2,796
$675,000
$241
8099 S Williams Way
-
4
5.00
2,964
$759,000
$256
2,880
$717,000
$249
Averages
S
SOLD LISTINGS
ADDRESS
8063 S Race Way
Averages
SOLD DATE
BEDS
BATHS
SQFT
PRICE
$/SQ.FT
6/30/22
3
3.00
1,941
$712,500
$367
1,941
$712,500
$367
Kyle Gephart Cell: 720-520-4448
17
at Keller Williams Integrity
INTELLIGENT PRICING & TIMING 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.
ASKING PRICE
PERCENTAGE OF BUYERS
+15%
10%
+10%
30%
Market Value
60%
-10%
75%
-15%
90%
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. 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. 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.
ACTIVITY
at Keller Williams Integrity
1
2
3
4
5
6
TIME ON MARKET (IN WEEKS)
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. 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. 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. 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. Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.
Comparative Market Analysis
8010 South Williams Way, Centennial, Colorado 80122
Marketing Action Plan Below are a few of the services we can provide as part of the marketing of your home. Before we can get started, the first important step is to: Sign and complete the Listing Agreement
First Week Enter listing into the MLS system. Put up "For Sale" yard sign. Install lock box. (optional) Schedule time to shoot property photos. Review showing procedure. Prepare property flyer. Syndicate listing to real estate websites.
Second Week Invite brokers and agents to tour home. Begin agent to agent marketing efforts. Review and update status.
Third Week Hold Open House.
Ongoing activities Show property to potential buyers. Follow-up on Internet leads. Monitor market conditions. Monitor comparable properties for sale. Monitor foreclosures and short sales in market.
Kyle Gephart Cell: 720-520-4448
19
Results That MOVE You
720.208.7200 TheBarticGroup.com A Veteran Owned Business