Selling your home in Colorado Springs isn’t always easy. Some homes are very unique, some are in bad condition, some have had so many improvements that they’re too exceptional for the neighborhood. The one thing that will cure all those home sale problems is the price of the house.
Pricing your property is the key to selling it in a reasonable amount of time. Sometimes, that means you’ll need to reduce the price while it is on the market. You want to get as much money as possible, so how do you know when the time is right to reduce the price on your home in Colorado Springs?
1. No One Is Looking At Your Home
People have to come see your house before it can sell. Most home buyers scour the internet for homes within a certain price bracket. They only pick the homes that look the best for the lowest price to go visit. If you aren’t getting anyone inside your home, then chances are the home is overpriced. If you have no showings, you probably need to reduce the price so that buyers will come look at the house.
2. Comparable Homes in Colorado Springs Are Selling For Less
You want as much money as possible – but your home is only worth what a buyer is willing to pay. That’s the rule of the market. If all the other homes around you are selling for less than what you’re asking, then your home is not going to sell. People aren’t going to pay more for your home when they can get just about the same thing for less money. Watch the homes that are selling around you and adjust your price as needed.
3. You Are Getting A Lot Of Negative Feedback
Buyers and real estate agents see a TON of homes just like yours. They’re spending hours looking at all the listings in Colorado Springs that are comparable to yours, after all. If the buyers and agents that look at your home are providing negative feedback, then you can make informed choices about how to act. Maybe other similar homes have nicer landscaping or updated kitchens. You may need to make updates – or lower your price.
Call or email me if you have any questions. I can help you sell your home or property in any real estate market.