We have a hot real estate market in Northern Colorado. It’s easy to think, with the limited supply and huge demand, that homes will sell for a great deal more than their true market value. It certainly can happen, but on a very limited and select basis. Most of the time, it is because a buyer is willing to bring more to the closing table to purchase the property and assume more of the risk, while securing a loan if that is the case. No matter what someone thinks what their home is worth, the market always will be the determining factor in property value along with the lenders appraiser. Fifty percent of getting a property under contract and sold in the ideal time frame is valuing it correctly. In a typical hot sellers market, the average is thirty to forty days. In a more balanced market it can average around seventy to eighty days. Slower markets up to nine months or more. Seasons can also have an effect, and there are many opinions as to when the best season to sell a property is. The best season is when you are ready. Having a Real Estate Agent provide you with a CMA (Comparative Market Analysis) is a good way to start. Another way is a Brokers Price Opinion (BPO) which is a little more detailed. It is always a good idea to interview a few agents to see how close their CMA or BPO’s are. If two are within a close range and the third is either much higher or lower, red flags should come up. It is difficult at times to set aside emotions when we feel an attachment to something, but it is always best to look at the data in front of you to make a sound decision. If you are thinking of selling soon, I’d be happy to come to your property and give you a complimentary CMA. Casey Lipok/Juszak Realty/970.631.3360