at Keller Williams Integrity
Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 08/19/2022 to 02/20/2022 Property Sub Type is 'Single Family Residence' Latitude, Longitude is within 0.50 mi of 14901 Randolph Pl, Denver, CO 80239, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' ListingActiveResidentialPropertiesID CityAddress Bds Bths Ttl Fin PSF Fin List PriceOrig PricePSF TtlAbv List PSF Abv DIM 14972 Lackland PL $479,9744 1,750 $27408/15/222Denver 1,750875 479,974$549 $2742447458 4 Count: 1 Averages: 1,750 $479,974$2741,750 $274875 High Low MedianList Price: $479,974 $479,974$479,974$549$479,974 4 Closed Properties Listing ID CityAddress Bds Bths Ttl Fin Close PricePSF Fin List PriceOrig Price CP/OLPPSF TtlAbv Close PSF Abv DIM 15084 Olmsted DR $420,0004 1,714 $263 $450,000 107%04/27/222Denver 1,714857 420,000$525 $2637970237 6 14503 March DR $440,0004 1,714 $263 $450,000 102%07/08/222Denver 1,628857 440,000$525 $2765428050 7 14410 Pensacola DR $450,0004 1,714 $274 $470,000 104%05/20/222Denver 1,714857 450,000$548 $2745803018 3 5522 Carson ST $419,0005 1,936 $245 $475,000 113%02/23/222Denver 1,646968 419,000$491 $2895433150 4 5525 Chandler CT $449,0005 1,936 $245 $475,000 106%04/22/222Denver 1,936968 449,000$491 $2453754247 3 Count: 5 107%Averages: 1,803 $435,600 $464,000$2581,728 $269901 High Low MedianClosed Price: $470,000 $435,600$450,000$516$475,000 5 Report Totals $442,996$261 $270 $464,0001,7311,794897Count : 6 Averages: Close PriceList PriceOrig PricePSF FinPSF TtlPSF AbvSqft FinSqFt TtlSqFt Abv $442,996$ 521 107 % CP/OLP Generated on: 08/19/2022 CMA Page1-Line1of1REcolorado.com Presented By: Michael Jenkins All data deemed reliable but not guaranteed Copyright REcolorado © 2022. All rights reserved.
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.
PRICINGINTELLIGENT&TIMING
at Keller Williams Integrity
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.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
☐ ☐ The market never lies, but it can change its mind.
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.
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.
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
Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value. ON MARKET (IN WEEKS) 2 3 4 5 6
ACTIVITY 1
TIME
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.
at Keller Williams Integrity and exciting to buyers and to their agents.
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.
TheBarticGroup.com720.208.7200 A Veteran Owned Business Results That MOVE You