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Set the Right Price

Asking price is the most important decision in the selling process. Simply put, if you price too low, you will miss out on potential profit. If you price too high, qualified buyers will move on.

Risk of Overpricing Your Home

  • You may lose your best prospects to the competition
  • Your listing may lose interest after 2-3 weeks
  • The market values may decline

Study Comparables

  • Gather listing/selling prices of similar properties (age, square footage, vicinity)
  • Compare lots, configuration, amenities, upgrades
  • Factor in concessions or discounts on recent sales, other than price (available to local Realtors®)
  • Consider days on market and withdrawn listings
  • Tour your competition (active listings)!

Get an Appraisal

  • If  your value differs from your Realtors®
  • If you have a unique or rural property
  • If there isn’t much sale activity in your area

It’s important to be realistic. Analyze all of the data you have gathered, then take your personal deadlines, goals and motivation into consideration. Our team of Realtors® is here to help explain current market conditions, which is essential in determining price and terms!

Contact us today!

Request a Current Market Analysis

Ask questions about your options

Interview our team

FAQs

  • Listing your home with an agent 89% of home sellers use a real estate agent to list their home. Keep in mind that an experienced, knowledgeable Realtor® will help you navigate a process involving hundred of documents and back-and-forth communications with prospective buyers. Expect to spend 4-6% of your equity toward your real estate agent’s commission.
  • FSBO If you intend to sell your home without an agent, you’ll need to get educated on all of the closing documents and arrange for an attorney and title company to complete the transaction. You may save 2-6% towards commission, however don’t expect your home to sell quickly. You should anticipate additional challenges tracking the intricacies of the transaction.
  • Short sale Selling short requires an agreement with your lender to sell your home for less than you owe on it. You must be eligible by being financially underwater on your home. Your lender does not have to agree to a short sale.
  • iBuyer option You can skip the arduous process of prepping and listing your home by seeking a sight unseen offer on your home via an iBuyer. However, there are no guarantees that you will net more than listing on the open market. This new model isn’t available in all markets. Be sure to consult with an expert before considering this option!
  • Auction sale Any homeowner can sell their house at an auction, and doing so may be a smart choice if you want to sell fast. However, you will typically set the minimum bid at 10-15% below the current market value. Competing bids may increase the price or you may be forced accepting the minimum bid. The NAR advises that sellers self-test their circumstances with the Two-Thirds Rule before choosing this option.
  • Setup a face-to-face interview
  • Most Realtors® do the same type of marketing
  • Ask how each Realtor® is different
  • Check past references
  • Make an informed decision

There are lots of factors to consider when making the “sell vs. rent my home” decision, including:

  • Your financial situation.
  • Local market conditions for rental homes.
  • Your future housing plans.
  • Your tolerance for being a landlord.
  • State and federal income taxes.
  • Current and projected home prices.

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