Price below the round number in Denver?

A recent survey by some really “smart people” showed that most folks in the nation (including Denver) prefer pricing their homes “just below” the round number…say for instance $499999 instead of $500000. What say you? Agree or Disagree?

Realizing this is typical for groceries (a box of Cheerios is never $5.00 even in Denver) does Denver Homeyour opinion change in light of today’s computerized searches for homes?

The interesting bit about all this is that when pricing a home in Denver, I can make recommendations, but ultimately it is the owner’s choice where to price their house.  So there are quite a few sellers who choose the real estate agent with the highest price, not the best marketing skills.

And there are a lot of new Realtors in Denver, and quite often they might rave about their team and mentor. The truth is most of the time that mentor is out doing their own business and has little time to answer questions about inspections or issues that may flummox the rookie. Trust and Experience in the Denver market are the top traits to look for in a Realtor followed closely by marketing savvy as well as negotiation skills. So if I can assist you give me a call or go to http://www.denverrelocation.com/selling.shtml to learn more.

I will tally any responses and give you my sense later in the week. However, you can e-mail me back or comment how you feel a home should be priced…above, below or at the round number? THANKS!

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About Pete Doty

As a Realtor® Pete has been working in the Denver residential market since he first started in 1985, and focusing primarily in the south end of town. He finds the client the home they want, and then help them sell it when they want to move. Marketing is really where his heart is, and making sure his clients’ interests are watched over in Littleton, Highlands Ranch, Parker, Castle Rock, Centennial, Englewood, Morrison or Denver. His web site www.DenverRelocation.com ranks high in search rankings and generates numerous relocating buyers each year. Talk to Pete for a unique perspective on today's real estate market in Denver.
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