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Video Transcript Below
How Quickly Can You Sell Your Home… And Should You Sell In A Day?
Homes are flying off the shelves! And in a seller’s market like this, it can be easy to think your home will sell in a day. Don’t fall for it! Hi, I’m Tristan Colborg with The Denver Real Estate Agent and eXp Realty in Denver. When determining if we are in a sellers or buyers market we look at a stat called absorption rate. This is the rate at which homes are sold in a specific market in a specific time frame. If it equals more than 20%, we are in what we consider a seller’s market. Guess what…we are definitely in a sellers market!
No matter how amazing the seller’s market is, I cringe when I hear that someone sold their home in one day. When you sell your home so quick, you leave money on the table. When a home is marketed properly, it can take time to get the information thoroughly distributed. If you finalize the sale too quickly, you may be missing out on other offers, and you may miss out on being able to get the best terms that suit your needs. So will your home sell quickly – yes! The seller’s market will make your home highly desirable! But if you allow our marketing tactics to work for you, you won’t want to sell in a day, so you’ll make more money on the sale of your home. I’m Tristan Colborg with the Denver Real Estate Agent.com and eXp Realty in Denver. NO matter where you are at in your real estate journey, I’m always here to help. Reach out anytime, even if you’ve just got questions. If you want more helpful videos like this, follow us on Facebook. And remember, “You deserve an elevated real estate experience.”