Denver Real Estate Blog

What makes one property sell in a few weeks, while another may linger on the market for months? Here are some factors that could be effecting your property. Each case is different, but it almost always boils down to Price & Exposure.

Exposure- Eighty percent of people now go on-line to start their home search, (NAR). That number is higher in the second home market and depending upon the number of “high tech” business are present in a particular area such as Silicon Valley, California and Denver’s front range the number is higher.If your going to sell your home make sure the agent has a real estate website he or she can feature your home in that is ranked in the top 5 in Google, MSN and Yahoo in the organic search term results and most importantly in the same market your home is located in. For example your home is located in the Denver Colorado market. Make sure the website is ranked as I’ve described for search terms Denver Colorado Real Estate or Denver Colorado Homes. You would think Denver would be enough but there are over 7 cities named Denver located throughout the United States. If they are not ranked in the top 5, the benefit of your home being featured on their website will be virtually non-existent. Most pay per click sites are irrelevant and lack content. Here today gone from the search position tomorrow. Thats why the search engines don’t give them a high organic ranked placement. They suck!

Price - A home that is priced right will attract buyer attention. A fair, and reasonable, asking price, that is in keeping with market demands, and conditions, will make a property more appealing. Home Value websites presented on line are not accurate. They re-publish county assessor information and does not reflect seller concessions , style or condition. A guide yes, gospel not even close. Those websites are designed to be lead generators for marketing purposes. Never price your home based on what others are asking for theirs. Use only recent sold data and compare with only “like kind property”.

Condition - Unless they are searching for an investment property, most buyers are looking for a structurally sound home, that has been well-maintained. In addition, a home that “shows well” is likely to sell quicker. This means the home is clean, well-kept, updated, and appealing to today’s buyer. Not everyone wants to buy a distressed or foreclosure property. Why because they have been neglected and in some cases intentionally abused by an angry homeowner forced out.

Location - The better the location, the more likely the property will demand buyer attention. This could mean a home in a charming town, within walking distance to restaurants, and shops. It could also mean a property that has ski-in/ski-out capabilities, backs to National Forest, is next to a stream, or near a school. Backing to four lanes of pavement can negate any additional value a beautiful view of the mountains can bring.

Market - Whether it is a “buyers”, or “sellers” market, also influences how long a property is up for sale. When the advantage is with the buyers, you may need to make allowances, such as a lower asking price, or favorable terms, to help your property attract an offer. The Denver metro area is still in a buyers market, with inventories high, and prices dipping in some and holding firm. However, there are certain sectors where the available inventory of properties are lower and some people expecting the seller to drop his price substaintually just doesn’t happen. Do your home work!. Your not going to find everything you need to know on line, so don;t be afraid to employ the services of an experienced Realtor.

Experience / Competency of the Realtor - All Realtors have access to the same resources. They are required to use the same State real estate approved forms. What varies and can make a huge difference in both the overall experience of the transaction and the introduction of quality of homes that fit your needs and your budget, is the level of service they deliver, and the overall knowledge gained through experience. Again the amount of transactions and sales volume closed is the method of measurement you should go by, not years “in the business”.

Relocation Companies Should you use them?

Relocation companies have outlived their usefulness. The internet can put you in touch with experienced Realtors in just about any area imaginable. How better to decide if a particular Realtor is the right one for you, then you! Financial incentives to you offered by a “relocation company or corporate buyout”, usually come back to you in the form of poor service, working with inexperienced agents and at a cost of thousands to you. The number of years a person has a real estate license is not the standard you should use to determine if they are qualified to work with or not but the number of transactions and sales volume. The average Realtor sells between 12-15 homes a year. The majority sell between 6-8.

Relocation companies get their money to offer these so called “deals” buy getting into the pockets of agents they refer you too. High quality agents will refuse to play the game. This is because after they invest their time and resources to help you, split with their broker, pay taxes and pay a relocation company financially, it is a “bad” business decision for an agent to get involved in. All the relocation company does is search the internet for a agent in your area or the intended area your considering to move, call up the agent and procure a referral agreement before sharing information about you to them or visa versa. Some even try to control the sales process placing the brokerage firm in a legally compromising position.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.

REAL ESTATE

If you would like additional information about the Denver Real Estate area in Denver Colorado as well as anywhere in Denver Metro Area contact us at 1-800-791-3990 ext 232.

Jeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.