Blog > Buying > The Price Is Right: How to Price a House

The Price Is Right: How to Price a House

If you know the real estate business, you already know competition is the name of the game. Embrace competition, if you’re looking to sell your home with an agent or as a for sale by owner. In the end, what selling a home is all about is the competition to sell as quickly and for the most money as possible. And if you don’t price a house right and position yourself correctly when you enter the market, rest assured that somebody else in your neighborhood will take advantage and leave you in the dust.

Thinking about buying or selling?

Answer a few quick questions to get helpful tips from local experts.


Price a house right

It may sound mundane, but with the power of the internet and the information it supplies, it’s extremely important to make sure you price your home accurately. These days, buyers are smarter and more well-informed than ever before. And if a buyer thinks a home is overpriced, they will most likely decide to look elsewhere.

Wait a minute

We know you’re thinking: “You can’t honestly be telling me that buyers aren’t overpaying for houses.” You’re right. Buyers are indeed overpaying but not on homes that start out with inflated prices. The price is right when sellers accurately list extremely close to where their house is truly valued. When this happens, buyers have that information at their fingertips to figure out the price is fair. And because it’s fair, the buyer must make a strong offer to ensure they win the house. Sellers, with the right price, spend less time on the market and increase their chances for multiple offers and more money. Unfortunately, when sellers stretch the price to build in some “negotiating room,” they often sit on the market for weeks. And they end up selling for less than they could have had they just priced their home correctly in the first place.

The price is right

As with anything in life, there’s not just one secret to making things click. Pricing correctly certainly isn’t the only thing necessary to sell a house. But it is the single most important thing you can do when getting ready to sell. So do yourself a favor and make sure you price a house right. And when you hire Trelora, you pay one flat fee rather than a variable commission on the price of your home. You’ll also get best-in-class customer service, a team of expert agents that closes hundreds of deals per year in your area with intimate knowledge of your neighborhood, a proprietary technology platform that puts you in the driver’s seat and an average rebate of $13,500 in Colorado and $18,000 in Seattle. So we can help you make sure the price is right too.

TRELORA Real Estate serves the Colorado Front Range, Summit County and Seattle Metro Area. Our mission is simple: full service real estate for a fraction of the cost. When you hire a traditional agent to help you buy or sell your home, you pay that agent 3-6% of the home’s value.

Need help pricing a house?

By |2020-06-10T00:47:06+00:00January 4th, 2019|Buying, Selling|0 Comments

About the Author:

Christopher is a top-producing agent and Managing Broker at Trelora. He is personally responsible for closing over 1,000 successful real estate transactions, and has guided the Trelora team through thousands more in his role as Market Director - Denver. Christopher is a Colorado native and graduate of the University of Denver.