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Below are active listings for three very similar homes in Denver. They are all ranch style properties with no basements. They are all within two years of age of each other, and they are all remodeled, with upper end kitchens featuring granite countertops and upgraded appliances. Stay with us on this, because here is where it gets complicated.

The questions you should be asking yourself are, what is the real price these homes should be selling for? Is the lowest one priced too low? Is the highest one too high? If you were the seller of the lowest one, are you losing over $100,000? Since the answers to these questions involve huge sums of money - you owe it to yourself to have the best available counsel. (Data from Trulia.com)
Copyright (c) 2011 Richard W Stillman - All Rights Reserved
The listed sale prices are: $199,900, $275,000, and $340,000. They do vary a little by size. The one for $199,900 is 2,074 square feet. The next higher priced property, for $275,000 is 1,750 square feet, and the highest priced property, at $340,000 is 1,969 square feet. The lowest priced property is the the largest property.

They also vary by bathroom and bedroom count. Bathroom and bedroom counts are very important to buyers. Two of the properties have three bedrooms and two bathooms. One property has four bedrooms and three bathrooms. The property with the extra bedroom and bathroom is the lowest priced one.

We have a price spread from $199,900 to $340,000, which is an astounding $140,100 difference. That is an increase of over 70%!
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