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Monday, October 9, 2017

Overpricing Your Home Is a Critical Mistake

Overpricing your home is a big mistake. Here’s why.

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Even in a hot market like this, you can still run into plenty of pitfalls if you overprice your home. Sellers push the lid on market limits and it affects buyers. They are much more aware of market values than they used to be. To most of them, it’s pretty apparent when a home is overpriced.

When a home is in excellent condition but isn’t getting any offers, it can lead to a number of pitfalls, including:

1. Missing most of the market. When you price your home too high, you end up missing out on 75% of the market or so. You’ll only capture passive buyers and buyers who know the home is overpriced already.

Pricing is 90% of marketing.
2. Receiving lowball offers. When people see an overpriced home, their first instinct is to make a lowball offer. They might think that that’s what a seller wants them to do if a home is overpriced enough. You don’t want these kinds of offers.

3. It may not even sell. If it does, it will take at least two to three times as long. When sellers insist on pricing too high, they consistently end up selling for less money than they would have if they priced the home closer to its market value in the first place

Pricing is 90% of marketing and the single biggest factor to getting your home sold. If you have any questions for us about the pricing strategies we use, don’t hesitate to give us a call or send us an email. We would love to hear from you.

Friday, September 29, 2017

Get Fitted for Your Best Look on October 7th

You’re invited to a custom suit-fitting at our office on October 7th. We’ve invited Crown Tailor to take care of all your sartorial needs.

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Buying a Colorado home? Search all homes for sale 

How hard is it to find a custom, well-made suit here in Colorado Springs?

If you come to our custom suit-fitting event at our office on Saturday, October 7th at 3 p.m., it won’t be anymore. 

We’ve arranged for Crown Tailor to set up shop in our office, where they’ll take your measurements, have you pick out your own fabrics, and then manufacture them overseas to craft a custom fit just for you.

They offer suits as affordable as $279, and for this event only, they’re also offering a special package of two suits, two shirts, and two ties for just $629. We’ll also be serving complimentary food and drinks.

There are only a limited number of spots available for this event, so if you’re interested in attending, please click here to RSVP.

If you have any questions, don’t hesitate to email me or give me a call. I’d be happy to help you.

Thursday, September 21, 2017

Buying a Home for the First Time? Here's How to Stay Protected

If you’re about to make the jump into homeownership there are a few key things you need to consider. Thinking about these things will help protect you as you dive into the process.

Selling your Colorado home? Get a free home value report  
Buying a Colorado home? Search all homes for sale

Buying a home for the first time can be a confusing process. There are a few things you need to do to protect yourself when you make the jump into homeownership.

The first thing you need to do is to find and work with an agent who understands your needs. This will be essential to a smooth transaction. It’s also important that your agent has experience in the area you want to buy in. Working with a quality agent is perhaps the most important aspect of the entire transaction.

Secondly, make sure you get preapproved from a reputable local lender. This will help you make sure that you are able to compete with other buyers, even those who are making cash offers.

Don’t pressure yourself into overspending on a home. You should always feel comfortable with your monthly payments.

Working with a quality agent is perhaps the most important aspect of the entire transaction.
Also, know your priorities before you start shopping. Consider what kind of floor plan you might want, as well as the number of bedrooms and bathrooms you’re looking for. Factors like these, as well as thinking about school districts, crime rates, and square footage, will help you narrow down your search.

The fourth thing you need to do to protect yourself is to understand current market conditions. Our market right now is red hot, so it’s important to understand how the process works when you go into it. Once you make an offer, your work isn’t done. At this point you’ll still need to get a home inspection.

A home inspection is going to help protect you against buying a money pit. Here in Colorado we’re known to have a lot of homes with structural soil problems, for example. It’s important to know what kind of home you’re buying before you go through with a transaction.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.