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Video — What Denver Tech Center area sellers are getting wrong about
Hey, it's Kevin Lundy with The HomeBridge Group at eXp Realty, and I want to talk about something I'm seeing happen right now with sellers in the Denver Tech Center area.
A lot of people are pricing just a little high. Not wildly high. Just a little. And they think buyers will come in and negotiate down to where they need to be. That's not what's happening.
What's actually happening is buyers are skipping those listings entirely. They're not even making low offers. They're just moving on. And once a home sits for two or three weeks without activity, buyers start wondering what's wrong with it. That's when price reductions show up, and by then the seller has already lost ground they didn't have to lose.
The data in this market is pretty clear right now. Homes priced accurately from the start are spending far fewer days on market than homes that start high and adjust later. We're talking real weeks of difference. That matters when you've got plans tied to a closing date.
So the practical move is to price it right the first time, based on what buyers are actually paying, not what sellers are hoping for.
If you're thinking about selling in this area and want a straight, honest look at the numbers, I'm happy to walk through it with you. Reach out whenever you're ready.