"For the first half of the year, listed home prices in the Denver metro meant little, as many sellers received offers tens of thousands over their list prices within days or even hours of putting their homes on the market.
But after rising interest rates helped cool the sales frenzy, sellers are again required to work with their agents and put some thought into pricing and marketing strategy.
The change has been challenging for some sellers. “They need to understand they won’t get a stack of offers that first weekend,” says Amy Terry with 8z.
Sellers need to work with skilled realtors who know how to use the available tools to help set the price using:
- Days on market
- How many showings before a home goes under contract
- Pending sales
- Sales of similar properties and neighborhood properties
Terry urges sellers to look at other homes as if they were buyers. “Take a look at the competition,” she says."
Read the full article to see how Amy and other Denver realtors are helping their sellers succeed.