Lana Cordier LIV Sotheby's International Realty

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Get Property Alerts
  • Areas
    • Downtown Denver Homes for Sale
    • Cherry Creek North Homes for Sale
    • Cherry Hills Village Homes for Sale
    • Golden Triangle Homes for Sale
  • Blog
  • Videos
  • About
    • About Lana
    • Testimonials
  • Contact

How the Wrong Pricing Strategy Can Cost You Thousands

February 4, 2016 By Lana Cordier

As you’re probably aware, the list price you set for your property has an impact on how quickly it sells — and how much you earn on the sale.

What you may not realize is just how significant an impact it has. Consider the following examples.

Example 1:

You price your property well above its current market value. As a result, many buyers don’t bother to see it because it’s outside of their price range. Those who do see it are confused by the high price tag, (and may even be suspicious.) They may wonder, “What’s going on?”

In this scenario, the home will likely languish on the market for weeks or even months. You might even have to lower the price dramatically to re-ignite interest.

Example 2:

You price your property just a couple of percentage points lower than what is necessary to gain the interest of qualified buyers. That might not seem like much of a problem. How much can a couple of percentage points matter?

Those points matter a lot.

On a $400,000 property, pricing your home just 2% lower than necessary could cost you $8,000 on the sale. That’s a serious amount of money!

So, as you can see, pricing your home right is serious business. Fortunately, a good REALTOR® knows how to set the right price.

Looking for a good REALTOR®? Call Lana Cordier at 303-513-7035 today.

Filed Under: Home Selling, My Blog Tagged With: Home Selling

Recent Posts

  • Cheesman Park Charmer | 759 Humboldt Street, Denver 80219
  • Autumn Denver Real Estate Market Pulse
  • Have we met? A Personal Introduction
  • Autumn Activities in Denver
  • Central Denver Neighborhoods: A Guide to Architecture
  • Visit Six of Denver’s Trendiest Restaurants
  • Cocktail Chattables
  • Featured Central Denver Neighborhoods: Nab a Home in Cherry Creek North
  • Strong March luxury home sales in Denver Metro and record-breaking luxury home sales in Boulder according to LIV Sotheby’s
  • What to do in Denver: Spring and Summer 2018
 

© Lana Cordier  *  LIV Sotheby's International Realty  *  100 Saint Paul St., Suite 200, Denver, CO 80206  *  Ph: 303-513-7035  *  email: [email protected]

Blue Fire Group    Real Estate Websites
LAC
Buying Buddy    Powered By Buying Buddy ®