Colorado Real Estate Prices: How to pick the best price when you are selling your Colorado home
The first 30 days you place your Colorado home on the market are absolutely the most crucial 30 days you will see during the sales cycle. According to the National Association of Realtors, homes get more exposure to qualified buyers in the first 30 days on the market than during the following 90 days combined.
Pick a price too high and you could waste that valuable 30 day window, and significantly reduce your odds of selling your home for top dollar. Even if you drop the price after a month or so, you are less likely to get as much as you would have had you just priced your home accurately in the first place. The Colorado real estate market is fierce, and buyers have a large inventory of homes to choose from. The last thing you need is for a buyer who would have been interested in your home not even know about it because you were asking just a little more than what their budget is.
Automated Homefinder has developed a free home pricing tool that will enable you to determine the value of your home just as an unbiased evaluator would. Simply follow the simple steps provided, and you will be given an estimate of what your home is worth. If you are hiring a listing agent, you can both use the tool, and compare notes so as to arrive at the best price possible. In fact, when you get a buyer interested in your property, you can provide them with comps, and they can use the tool too!
For example, after you've run an analysis on your home's value, print out several copies, along with several copies of the comparable sales you referenced. Leave those copies along with a cover letter for buyers to take with them when they view your home. In your cover letter, simply say "Thanks for visiting our home! Here is how we arrived at our asking price. Feel free to visit Automated Homefinder's free home evaluation tool, and decide for yourself what you think this home is worth. You can find it at www.AutomatedHomefinder.com/evaluation."
  1. Your buyers will feel more comfortable with the analysis because they watched it in action, and you will be more likely to close the deal as a result.
  2. Assuming both you and the buyer answer the questionnaire accurately, you'll be able to negotiate from a level playing field.
  3. If your numbers don't come out similarly, you can isolate why, and discuss those differences in opinion. (For example, maybe the buyer thought the views weren't as important as you did, and you can discuss why views add so much value to your home.)
If you would like to provide your buyers access to this free evaluation tool, feel free to email them this address: www.automatedhomefinder.com/evaluation.
P.S. Although Automated Home Evaluator is designed around evaluating Colorado Real Estate, the principles are universal and can be used anywhere in the country. If you ever feel that an adjustment was inaccurate, you can always reverse that entry with a figure you feel is more appropriate. Try it out -- we think you'll like it.

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