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Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 08/19/2022 to 06/05/2022 Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Latitude, Longitude is within 1.00 mi of 16688 E 13 th Ave, Aurora, CO 80011, USA, is not around 39.75, -104.80 ListingPendingResidentialPropertiesID CityAddress Bds Bths Ttl Fin PSF Fin List PriceOrig PricePSF TtlAbv Pending PSF Abv DIM 15384 E 10th AVE $419,0004 1,620 $25907/27/222Aurora 1,6201,620 419,000$259 $2599774355 2 Count: 1 Averages: 1,620 $419,000$2591,620 $2591,620 High Low MedianList Price: $419,000 $419,000$419,000$259$419,000 2 Closed Properties Listing ID CityAddress Bds Bths Ttl Fin Close PricePSF Fin List PriceOrig Price CP/OLPPSF TtlAbv Close PSF Abv DIM 750 Laredo ST $464,9004 2,070 $233 $482,000 104%07/08/222Aurora 2,0702,070 464,900$233 $2337467362 5 1168 Mobile ST $485,0004 1,764 $292 $515,000 106%06/21/222Aurora 1,7641,764 485,000$292 $2921781481 3 Count: 2 105%Averages: 1,917 $474,950 $498,500$2621,917 $2621,917 High Low MedianClosed Price: $498,500 $474,950$482,000$262$515,000 4 Report Totals $456,300$261 $261 $498,5001,8181,8181,818Count : 3 Averages: Close PriceList PriceOrig PricePSF FinPSF TtlPSF AbvSqft FinSqFt TtlSqFt Abv $456,300$ 261 105 % 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.
PRICINGINTELLIGENT&TIMING
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
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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.
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.
☐ ☐ The market never lies, but it can change its mind.
☐ Fair market value attracts buyers, overpricing never does.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
at Keller Williams Integrity and exciting to buyers and to their agents.
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. ON MARKET (IN WEEKS) 2 3 4 5 6
ACTIVITY 1
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
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.
TIME
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.
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