April 2011

Found 2 blog entries for April 2011.

lowball_232You've decided to sell your home. It's been de-cluttered, staged, priced according to the current market, and now all you need is a buyer.

Your agent calls you up with the first offer. "Brace yourself," he says, "It's not as high as we would have liked..."

At 30% below the asking price, it's not even in the ballpark, and frankly you're pissed. The house has never looked better, it's priced smartly, you're insulted by the nerve of this lowball offer. So, how do you handle it? Your first reaction is to instruct your agent to tell this person you're not interested, and not to come back until they have something more realistic.

Even though this is your first offer, what if it's your last? What if this person is a serious buyer, but just testing the waters

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or...How home values change from one neighborhood to another...

Did you know that crossing a street in Denver can cost you over $250,000? That won’t be a fine levied by the police, but it will be the average cost increase of a house when you cross from one neighborhood to another.

Obviously, each neighborhood has its pros and cons. But when two nearby neighborhoods contrast greatly, the prices can vary quite a bit.

Here are some examples of Denver neighborhoods that really exemplify this fact:

Congress Park & Cherry Creek NorthCongress Park vs Cherry Creek NorthCross 6th Avenue and your home could cost an extra $873,000.

* Congress Park: average home price was $412,000 over the past 12 months.
* Cherry Creek North: average home price was $1,285,000 over the past 12 months.


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