Hi Golfer,
I have been telling my sellers in the northern part of El Paso County to just hold still for a while and not lower the price anymore. We have been lowering prices on houses that are priced properly, offering incentives and still showings aren't picking up. If you don't have to go anywhere quickly, hold tight for a bit. I truly believe it's the market, not the price of your home if it is priced right. I sell in Denver as well and things are picking up there. Hopefully it will move south soon.
Valerie

Hey
is 2,000 homes sold in the last three months, then you need to ask yourself if you are serious.
I have a great referral in that area.
There is a lot of inventory, but well-priced and marketed homes are selling.
Sell now, or hold on for quite a few years...

Hi Golfer,

That is a tough price range to move quickly, but it is not impossible. You are in direct competition with the new home builders in Pine Creek, Cordera, and other communities. They are offering huge incentives that are hard to compete with (free gourmet kitchens, free finished basement, ect.). It is important to compare your price with all resale and new homes in Briargate. If your price still looks competitive to everything hold strong and rely on showing feedback for any price adjustments. You constantly have to track the new listings coming on market as your competition will definitely cut in line as the best priced. I have referenced a website below that covers the entire Briargate real estate market. There is a link on the site which shows all homes for sale in Briargate between $400,000 - 500,000. Best wishes!

Hi Golfer,

That is a tough range to sell in with the current market, but it is not impossible. You are competing with many of the new homes in Briargate. The new home builders in Pine Creek, Cordera, and other communities are offering some huge incentives (free gourmet kitchen, free finished basement, ect.). It is very important to look at these new homes along with resales to see where your home should be priced. If the price is distant from your expectations it may be best to wait. If it is close, give it a shot and see what the showing feedback says. Here is a web reference that covers the Briargate area. You will find a link to see all active homes on market in Briargate between $400,000-500,000. Best Wishes!

How long has the home been on the market, how many other homes are on the market in that area? How is your home priced compared to those competing with yours?
These are a few of the things that Realtors look at, I assume you are FSBO?

How long has the home been on the market, how many other homes are on the market in that area? How is your home priced compared to those competing with yours?
These are a few of the things that Realtors look at, I assume you are FSBO?

Great question. Unfortunately, it seems the homes priced under $350k are the one's moving realtively well. Above $350K in your area as well as Northgate is very slow with lots of competition. With that said, if you must sell, you must be the best value. To determine this, look at the recent solds in your area as well as your current competition. How does your home compete? If you are number 3 or 23, you need to improve your homes value and there are several ways to do this and your REALTOR can help you with this.