Michael Smith CMA

Page 1

at Keller Williams Integrity

Comparative

Market Analysis 14420 East 47th Drive, Denver, Colorado 80239 Michael Smith OCTOBER 4, 2022 Scott Brasfield The Bartic Group at Keller Williams Integrity

Scott Brasfield

Scott Brasfield

Contact Me
The Bartic Group at Keller Williams Integrity 50 S. Steele St. Denver CO 80209 720-520-3113 scott@thebarticgroup.com Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 3

The Bartic Group at Keller Williams Integrity

The Bartic Group is a full service real estate agency in Denver specializing in assisting investors, individuals, and families achieve their real estate goals. Led by industry veteran Brendan Bartic, our team has fostered a culture of partnership and redefined the business of real estate. Our organization of Colorado Realtors share knowledge, spheres of influence, contacts and expertise, ensuring our clients receive better representation and a true competitive edge. As a continuous trend setter in the industry, our Denver real estate agency is ranked in the top 1% of all Keller Williams Teams Internationally.

Our team of partners represent buyers, sellers, and investors in all areas of real estate. When selling your home in Colorado, we will work to get you top dollar with minimum time on the market. Our Colorado Realtors have a proven track record of presenting our clients with offers over their asking price in a matter of days! When working with buyers we use our experience and industry relationships to get you the best value possible for your dream home. Our real estate agency in Denver is a team, and we recognize and value the trust our clients place in us and strive every day to exceed their expectations.

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 4
Map of Comparable Listings STATUS: S = CLOSED P = PENDING A = ACTIVE MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 14420 E 47th Dr 3 1.00 1,1592 3816334 S 4720 Duluth Court 3 3.00 1,545 $420,000 3 4729645 S 14493 E 44th Avenue 4 2.00 1,394 $455,000 4 1750023 P 4454 Eagle Street 2 2.00 1,212 $417,000 5 5870368 A 4620 Enid Way 4 1.00 1,211 $445,000 6 2779308 A 14405 Andrews Drive 3 2.00 1,236 $444,900 7 2044108 A 15086 E 43rd Avenue 3 2.00 1,320 $447,000 8 6514034 A 4983 Altura Street 3 2.00 1,380 $475,000 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239 Scott Brasfield The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 5

Summary of Comparable Properties

S SOLD LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

4720 Duluth Court 9/30/22 3 3.00 1,545 $420,000 $272

14493 E 44th Avenue 9/28/22 4 2.00 1,394 $455,000 $326

Averages 1,469 $437,500 $299

P PENDING LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

4454 Eagle Street 2 2.00 1,212 $417,000 $344

Averages 1,212 $417,000 $344

A ACTIVE LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

4620 Enid Way 4 1.00 1,211 $445,000 $367

14405 Andrews Drive 3 2.00 1,236 $444,900 $360

15086 E 43rd Avenue 3 2.00 1,320 $447,000 $339

4983 Altura Street 3 2.00 1,380 $475,000 $344

Averages 1,286 $452,975 $353

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 6

Listings

The Bartic Group at Keller Williams Integrity

$420,000

Details

Prop Type: Single Family Residence

County: Denver Subdivision: Gateway Village Full baths: 2.0

Quarter baths: 1.0

Features

Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer

Association Fee Frequency: Annually

Association Name: Gateway Village Association Phone: 303-420-4433

Association Yn: true

Basement: Unfinished

Below Grade Unfinished Area: 845.0

Scott Brasfield

Lot Size (sqft): 5,025

Garages: 2

List date: 9/7/22

Sold date: 9/30/22

Off-market date: 9/7/22

3 Beds 3.00 Baths 1,545 Sq. Ft. ($272 / sqft) Year Built 1998 Days on market: 0

Photo not available

Updated: Sep 30, 2022 5:34 AM

List Price: $440,000

Orig list price: $440,000

Assoc Fee: $80

Taxes: $2,458

School District: Denver 1

High: Montbello

Middle: McGlone

Elementary: Oakland

Building Area Source: Public Records

Concessions: Buyer Closing Costs/Seller Points Paid

Concessions Amount: 10000

Construction Materials: Frame

Cooling: None

Electric: 220 Volts

Fencing: Full Flooring: Carpet, Laminate

Foundation Details: Slab

Heating: Forced Air

Interior Features: Eat-in Kitchen, Walk-In Closet(s)

Laundry Features: In Unit

Levels: Tri-Level

Listing Terms: Cash, Conventional, FHA

Living Area Total: 1545

Lot Features: Near Public Transit Parking Total: 2

Patio And Porch: Front Porch

Property Condition: Fixer

Road Surface Type: Paved Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description:

GATEWAY VILLAGE FLG NO 2 B2 L6

Tax Year: 2021

4720 Duluth Court Denver, CO 80239 MLS #3816334
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 8

Remarks

This spacious 3 bedroom 2 bath home is close to parks and public transportation. The unfinished basement is ready for your personal touch. The large backyard is perfect for gardening or BBQs.

Scott Brasfield

Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available Water Source: Public Window Features: Double Pane Windows Zoning: R-2
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 9

Details

Prop Type: Single Family Residence

County: Denver Subdivision: Deer Trail Filing 1

Full baths: 1.0

3/4 Baths: 1.0

Features

Appliances: Dishwasher, Oven, Refrigerator

Association Yn: false

Building Area Source: Public Records

Concessions: Buyer Closing Costs/Seller Points Paid Concessions Amount: 5200

Construction Materials: Brick, Frame, Wood Siding Cooling: Central Air

Lot Size (sqft): 5,400

Garages: 2

List date: 8/26/22

Sold date: 9/28/22

Off-market date: 8/29/22

Updated: Sep 29, 2022 3:26 AM

List Price: $440,000

Orig list price: $440,000

Taxes: $1,721

School District: Denver 1

High: Noel Community Arts School

Middle: McGlone Elementary: Oakland

Scott Brasfield

Bartic Group

Exterior Features: Garden, Private Yard

Fencing: Full, Partial

Fireplace Features: Electric, Living Room

Fireplaces Total: 1 Flooring: Laminate

Heating: Forced Air

Interior Features: Breakfast Nook, High Speed Internet, Jack & Jill Bath, Laminate Counters, Pantry, Vaulted Ceiling(s), Wired for Data

Levels: Tri-Level

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1394

Lot Features: Level, Near Public Transit Parking Total: 4

Patio And Porch: Patio

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

14493 E 44th Avenue Denver, CO 80239 MLS #4729645 $455,000 4 Beds 2.00 Baths 1,394 Sq. Ft. ($326 / sqft) CLOSED 9/28/22 Year Built 1981 Days on market: 3
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The
at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 10

Structure Type: House

Tax Legal Description: DEER

TRAIL FLG NO 1 B6 L14

Tax Year: 2021

Utilities: Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected

Water Source: Public

Zoning: R-1

Remarks

This four-bedroom home is perfect for a first-time buyer or a family! Boasts new paint throughout! Upon walking in you'll find yourself in the home's living room with the dining straight ahead and stairways on your left leading to the upper and lower levels. Through the dining room are the kitchen and sliding door access to the backyard. Going up you'll find 3 of the home's bedrooms, including the Primary, as well as a full bath. The full bath features access from the hallway as well as direct access from the Primary bedroom. Downstairs is the 4th bedroom and a 3/4 bath. Also downstairs is the laundry area and access to the attached 2-car garage. Out back is a nice patio and garden area and a yard full of potential. The front yard is landscaped and sets a nice first impression for the home. Solar panels to be paid at closing with an at or above acceptable offer! Sweet deal. Come check this one out!

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 11
14493 E 44th Avenue Denver, CO 80239 MLS #4729645 $455,000 4 Beds 2.00 Baths 1,394 Sq. Ft. ($326 / sqft) CLOSED 9/28/22 Year Built 1981 Days on market: 3 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 12

4454

PENDING 9/13/22

Details

Prop Type: Single Family Residence

County: Denver Subdivision: CONCORD FLG NO 7

Full baths: 2.0

Features

Appliances: Microwave, Oven Association Yn: false Basement: Full, Unfinished

Below Grade Unfinished Area: 828.0

Construction Materials: Brick, Wood Siding

Lot Size (sqft): 5,500

Garages: 2

List date: 9/8/22

Pending date: 9/13/22

Off-market date: 9/13/22

Updated: Sep 21, 2022 12:11 PM

List Price: $417,000

Orig list price: $417,000

Taxes: $1,811

School District: Denver 1

High: DCIS at Montbello

Middle: DCIS at Montbello Elementary: Oakland

Cooling: Central Air

Fireplaces Total: 1

Heating: Natural Gas

Levels: Two

Listing Terms: Cash, Conventional, VA Loan Living Area Total: 1212

Lot Features: Level

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Parking Total: 2

Roof: Other

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: CONCORD FLG NO 7 B3 L5

Tax Year: 2021

Utilities: Electricity Available, Natural Gas Available Zoning: R-1

Remarks

Welcome to this quaint neighborhood! You dont want to miss this home now on the market! This kitchen is ready for cooking with ample counter space and cabinets for storage. Flow into the main living area, featuring beautiful flooring and

Scott Brasfield

Bartic Group at Keller Williams Integrity

Eagle Street Denver, CO 80239 MLS #1750023 $417,000 2 Beds 2.00 Baths 1,212 Sq. Ft. ($344 / sqft)
Year Built 1982 Days on market: 5
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The
Cell: 720-520-3113 scott@thebarticgroup.com 13

Scott Brasfield

a cozy fireplace. The main bedroom and bathroom give you the perfect space for everyday living.The deck space outside in the fenced-in backyard make this home perfect for hosting the next BBQ. Hurry, this wont last long! Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 14
4454 Eagle Street Denver, CO 80239 MLS #1750023 $417,000 2 Beds 2.00 Baths 1,212 Sq. Ft. ($344 / sqft) PENDING 9/13/22 Year Built 1982 Days on market: 5 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 15

Details

Prop Type: Single Family Residence

County: Denver Subdivision: Concord

Full baths: 1.0

Features

Association Yn: false Construction Materials: Brick, Wood Siding

Cooling: Central Air

Exterior Features: Private Yard

Heating: Forced Air

Remarks

Lot Size (sqft): 4,680

Garages: 2

List date: 9/7/22

Updated: Sep 7, 2022 6:48 AM

List Price: $445,000

Orig list price: $445,000

Taxes: $1,691

School District: Denver 1

High: Montbello

Middle: Dr. Martin Luther King

Elementary: Oakland

Levels: Tri-Level

Listing Terms: Cash, Conventional, FHA, Other, VA Loan

Living Area Total: 1211

Lot Features: Level Parking Total: 2

Roof: Composition

Senior Community Yn: false

Sewer: Public Sewer

Structure Type: House

Tax Legal Description: CONCORD #5 B3 L17

Tax Year: 2021

Water Source: Public

Zoning: R-2

Come see this great home in the Concord area of Montbello! This home boasts natural light, spacious bedrooms and a wonderful floor plan. Enjoy the spacious private backyard, plus save on your monthly electricity bill with the paid-off solar panels. You won't want to miss this one!

Scott Brasfield

Keller

4620 Enid Way Denver, CO 80239 MLS #5870368 $445,000 4 Beds 1.00 Baths 1,211 Sq. Ft. ($367 / sqft) ACTIVE 9/7/22 Year Built 1984 Days on market: 27
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at
Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 16
4620 Enid Way Denver, CO 80239 MLS #5870368 $445,000 4 Beds 1.00 Baths 1,211 Sq. Ft. ($367 / sqft) ACTIVE 9/7/22 Year Built 1984 Days on market: 27 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 17

8/12/22

Details

Prop Type: Single Family Residence

County: Denver Subdivision: Deer Run Full baths: 2.0

Features

Appliances: Dishwasher, Microwave, Range, Refrigerator

Association Yn: false Construction Materials: Brick, Vinyl Siding, Wood Siding

Cooling: Central Air Fencing: Full Fireplace Features: Living Room, Wood Burning, Wood Burning Stove

Lot Size (sqft): 6,310 Garages: 2

List date: 8/12/22 Updated: Sep 30, 2022 7:33 AM

List Price: $444,900

Orig list price: $449,900

Taxes: $1,855

School District: Denver 1

High: Noel Community Arts School

Middle: McGlone

Elementary: Maxwell

Scott Brasfield

Fireplaces Total: 1 Flooring: Carpet, Vinyl Foundation Details: Slab

Heating: Forced Air, Natural Gas

Interior Features: Open Floorplan, Quartz Counters, Walk-In Closet(s)

Levels: Two Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1236

Lot Features: Level

Main Level Bathrooms: 1

Main Level Bedrooms: 1

Parking Total: 2

Property Condition: Updated/Remodeled

Roof: Composition

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: DEER

RUN SUB B1 L1

Tax Year: 2021

Virtual Tour: View

Water Source: Public

Zoning: R-2

14405 Andrews Drive Denver, CO 80239 MLS #2779308 $444,900 3 Beds 2.00 Baths 1,236 Sq. Ft. ($360 / sqft) ACTIVE
Year Built 1986 Days on market: 20
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 18

Remarks

Move-In Ready! Freshly remodeled home across the street from Montbellos central park. Enter this great home and be greeted with an open living area that flows into the updated kitchen. New carpet and luxury vinyl flooring throughout the home. Kitchen has stainless steel appliances, and quartz countertops. Main level is completed with 1 bedroom and 1 bath. Head up to the second level where youll find two good sized bedrooms and a updated full bathroom! Schedule your tour today!

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 19
14405 Andrews Drive Denver, CO 80239 MLS #2779308 $444,900 3 Beds 2.00 Baths 1,236 Sq. Ft. ($360 / sqft) ACTIVE 8/12/22 Year Built 1986 Days on market: 20 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 20

Details

Prop Type: Single Family Residence County: Denver Subdivision: CONCORD FLG NO 2

Full baths: 1.0

Features

Appliances: Dishwasher, Microwave, Oven Association Yn: false Basement: Partial, Unfinished Construction Materials: Wood Siding

Remarks

Half baths: 1.0

Lot Size (sqft): 6,800

Garages:

List date: 5/3/22

Updated: Oct 3, 2022 1:05

List Price: $447,000

list price: $515,000 Taxes:

School District: Denver 1

High: DCIS at Montbello

Middle: Dr. Martin Luther King

Elementary: Oakland

Cooling: Central Air

Fireplaces Total: 1

Heating: Forced Air, Natural Gas Levels: Multi/Split

Listing Terms: Cash, Conventional, FHA, VA Loan

Living Area Total: 1320

Lot Features: Level Parking Total: 2 Roof: Other

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: CONCORD FLG NO 2 B5 L5

Tax Year: 2021

Utilities: Electricity Available

Zoning: R-1

Come see this charming 3 bedroom, 1.5 bathroom home now on the market! Youll enjoy preparing meals in the gorgeous kitchen with sleek counters, stainless appliances, and beautiful spacious cabinetry. Entertaining is a breeze with this great

Scott Brasfield

15086 E 43rd Avenue Denver, CO 80239 MLS #2044108 $447,000 3 Beds 2.00 Baths 1,320 Sq. Ft. ($339 / sqft) ACTIVE 5/3/22 Year Built 1981 Days on market: 153
2
PM
Orig
$1,773
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 21

floor plan complete with a cozy fireplace. Bedrooms offer plush carpet and sizable closets. Relax with your favorite drink in the fenced in backyard and great opportunity to add personal touches. Hurry, this won't last long! This home has been virtually staged to illustrate its potential.

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 22
15086 E 43rd Avenue Denver, CO 80239 MLS #2044108 $447,000 3 Beds 2.00 Baths 1,320 Sq. Ft. ($339 / sqft) ACTIVE 5/3/22 Year Built 1981 Days on market: 153 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 23

$475,000

ACTIVE 9/19/22

Details

Prop Type: Single Family Residence

County: Denver Subdivision: GATEWAY VILLAGE FLG NO 1

Full baths: 2.0

Features

Appliances: Dishwasher, Microwave, Oven

Association Fee Frequency: Annually Association Name: Gateway Village Homeowner Association Association Phone: 3034204433

Association Yn: true

Lot Size (sqft): 5,352 Garages: 1

List date: 9/19/22

Updated: Oct 3, 2022 1:05 PM

List Price: $475,000

Year

1994

Scott Brasfield

Basement: Partial, Unfinished Construction Materials: Brick, Wood Siding

Cooling: None

Heating: Forced Air, Natural Gas

Levels: Multi/Split

Listing Terms: Cash, Conventional, VA Loan

Orig list price: $475,000

Assoc Fee: $80

Taxes: $1,786

School District: Denver 1 High: DCIS at Montbello

Middle: DCIS at Montbello Elementary: Greenwood

Living Area Total: 1380

Lot Features: Level Parking Total: 1

Roof: Other

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: GATEWAY VILLAGE #1 B11 L11

Tax Year: 2021

Utilities: Electricity Available, Natural Gas Available Zoning: R-2

4983 Altura Street Denver, CO 80239 MLS #6514034
3 Beds 2.00 Baths 1,380 Sq. Ft. ($344 / sqft)
Built
Days on market: 14
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 24

Remarks

Come see this charming home now on the market! The kitchen boasts generous counter space, beautiful cabinets, and a center island, making cooking and entertaining a delight. Easily flow from room to room with this great floor plan with well placed windows create a bright and welcoming interior. The main bedroom and bathroom give you the perfect space for everyday living. Relax with your favorite drink in the fenced in backyard with a patio perfect for barbecues, and lush grass that surrounds the home. Don't miss this incredible opportunity. This home has been virtually staged to illustrate its potential.

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 25
4983 Altura Street Denver, CO 80239 MLS #6514034 $475,000 3 Beds 2.00 Baths 1,380 Sq. Ft. ($344 / sqft) ACTIVE 9/19/22 Year Built 1994 Days on market: 14 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 26

The Bartic Group at Keller Williams Integrity

Comparable

LOWEST

Scott Brasfield

Property Statistics S 2 Sold Listings P 1 Pending Listings A 4 Active Listings
$420,000 AVERAGE $437,500 HIGH $455,000 AVG PRICE / SQFT $299 AVG DOM 3 LOWEST $417,000 AVERAGE $417,000 HIGH $417,000 AVG PRICE / SQFT $344 AVG DOM 5 LOWEST $444,900 AVERAGE $452,975 HIGH $475,000 AVG PRICE / SQFT $353 AVG DOM 53 Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 28

3Days on market

Analysis

Duluth Court $440,000 $420,000 95.45% $272

E 44th Avenue $440,000 $455,000 103.41%

99.43%

$326

$299

Scott Brasfield

Sold Property Analysis Averages 99.4% Homes sold for an average of 99.4% of their list price.
It took an average of 3 days for a home to sell.
ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 4720
14493
3
Averages $440,000 $437,500
3
Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 29

Intelligent Pricing and 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.

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 biggest are location and condition. Generally, fair market value can be estimated by considering the 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 it, 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.

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
Scott Brasfield
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 30

Intelligent Pricing and Timing

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, full description and photos 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 either 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.

Scott Brasfield

Comparative Market Analysis 14420 East 47th Drive, Denver, Colorado 80239
The Bartic Group at Keller Williams Integrity Cell: 720-520-3113 scott@thebarticgroup.com 31
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