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Is The Asking Price Important When Selling A House In Denver?

Posted on: August 10th, 2016 by , No Comments

Is The Asking Price Important When Selling A House in Denver, Colorado?

It is safe to say is the asking price important when selling a house comes to mind with many sellers because we know there is a difference between what somebody wants for a house and what someone is willing to pay for that very same property. An asking price is actually a very important thing to start with. Let’s go over some reasons why the asking price is important when selling a house..

 The buyers know where you stand.

It’s like if you went to the mall to buy a pair of shoes. You go to two different stores and are looking for new running shoes. You find that one store is charging an average of $40 and the other is charging an average of $100. This is going to make you look into all the specs to see what the difference is because at first glance it seems like overpricing. Same with a house, the less a house is selling for the more problems there could be associated with the condition and situation.

The numbers usually start negotiations.

This is when the “asking price important when selling a house” rubber meets the road. Most people consider the numbers the be the start of the negotiating process because it’s the biggest factor in the sale. It’s very rare a house sells for 100% of what the seller started with in their asking price. A buyer is always going to be looking for a good deal and a seller is always going to be looking for the best price. They go hand in hand in motivation. You’re asking price is the start of the negotiation even before you meet potential buyers.

Which buyer are you looking for?

You’re going to attract different types of buyers regardless of asking price. If you list your house for above retail than you’re going to bring in buyers who are looking for something high in value with condition and location. They’ll want a good deal but it’s more a matter of lifestyle for them.

If you list your house for less than retail than chances are you’re going to attract real estate investors and buyers that are looking for a house they can fix up to customize what they like. Since it acts like a blank canvas because of needing repairs, there is less romance in being sold on the house by condition alone. These buyers are looking for potential.

Then of course, you simply get the looky loos and people just being curious about what’s going on in the neighborhood. The people just wondering what your house sells for so they can bypass having to pay an appraiser to get an estimate. You may even get people who are just curious to see if you’d rent the house out instead of selling it.

Is the asking price important when selling a house in Denver Colorado?

The simple answer is yes but it just depends on your situation and what you’re looking for.

If you’d like to sell your house and skip the sales process altogether, then call our office at 303-997-2045 or click here now to fill out the form. We’ll get back to you within 24-48 hours to make you an offer on your house.

 

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