You better be the pick of the litter, not the mangy mutt down the street if you want to sell your home in New Milford, CT. After all, it is a buyers market in New Milford, CT.
You need to sell your home in New Milford, CT. It is a buyers market, there is no doubt about it. Although the absorption rate is getting better (absorption rate it how long it will take the current inventory to sell) in New Milford, CT it is still a buyers market. We are at a 12 month absorption rate for New Milford, CT, better than the 24 month absorption rate we showed last year at this time. (At 6 months we are in a "balanced market", anything under that is a sellers market, over that, buyers market.)
You want to sell your house in New Milford, CT. What should you do? So, you contacted local Realtors® to do a market analysis for you. As you sit and listen to each one your eyes glaze over. The bottom line, the price is too low, you don't even hear the rest of the conversation, each Realtor® starts to sound like the adults in the "Peanuts" movies. Like a saxophone with a mute on it. Marketing strategy? What difference will that make? The price is too low.
Consider a few things.
Overpriced listings don't sell. For every month your house doesn't sell add up your expenses. Your monthly nut to live in the home, then subtract that from the price you think you should get for your house. If you have signed a 6 month listing, times your monthly nut by 6. If you signed a 12 month listing, figure it out. You just lost all that money.
Overpriced listings don't sell. If you are in danger of falling behind on your payments if you don't sell, you can pretty much count on falling behind on your payments because... overpriced listings don't sell.
Condition is KEY. If you can't do the work needed, price it accordingly. De-cluttering and cleaning, a bit of elbow grease goes a long way to making your house look better.
If you want to sell your house in New Milford, CT, make sure you understand the current market and how your home relates to the current market. Ask if your Realtor® has a strong internet presence, find out what type of marketing will be done. Once you make your choice, realize that your Realtor® is a professional and follow the advice given.
The Realtor® who gives you the highest price for your home may not necessarily be the one that is going to help you get it sold. (We call that "buying a listing") The Realtor® who explains the current real estate market conditions in New Milford, CT, who gives you a fair and honest price for your home, who has valid suggestions about how to get your home ready for sale, the Realtor® who will market your home in the best light, this is the Realtor® you want to pick.
For more information check out the following:
- It's Still a Buyers Market in New Milford, CT
- January 2010 Real Estate Market Report for New Milford, CT
- New Milford CT 3 Year Real Estate Trends
- According to who? What? Price your house accordingly in New Milford, CT
Remember, if you want to sell your home in New Milford, CT you better be the pick of the litter instead of the old mangy mutt that has been on forever. If you want to find out how to be the pick of the litter, give me a call. I would be happy to map out a marketing strategy for you based on current market conditions as they relate to your house and give you a realistic price as it relates to the current real estate market conditions in New Milford, CT.
Andrea Swiedler, Realtor® & Liddy Adams, GRI, Broker Associate
Cell: 203.460.1775 Email: andrea@andreaswiedler.com
Swiedler & Adams, we know real estate!
Prudential Connecticut Realty, New Milford & Litchfield, CT
Swiedler & Adams
Call us at 203.460.1775
© Andrea Swiedler, 2009 - 2012
Always do right. This will gratify some people and astonish the rest. - Mark Twain
Thanks for the posting. We learn a lot from Active Rain blogs. Best Regards,
Andrea..........and the sequel to this blog is you have to kiss a lot of frogs to find your prince....be the prince!!! LOL
Very well written post.......sellers take heed!!
Andrea, Well written post. People that buy listings really steam my clams.
Hi Edward & Celia, thank you for stopping by!
Caren, LOL, you do have to kiss a lot of frogs... thank you!
Terry, thank you. I don't do well with buying a listing either. Frosts me too.
Good advice, Andrea. Here we would have to mention keep the snow and ice off your sidewalks.
Yes... listing at true market value is key......People seem to keep thinking it is 2 years ago.....
Priccing to sell it with in 90 days is true market value, also there are appraisals that keep people real
But it does start with listing the real estate properly..and setting the proper expectations
Pat, LOL, normally that is something I would mention here, but seems you have the corner on the market.
Robert, sellers do think it is 2 years ago, don't know why that is. Appraisals can stop a deal dead in its tracks, very scary these days. Thank you for the comment!
Fabulous post Andrea filled with great advice! You made us think of Russel Ray's marketing contest with that adorable puppy. We are currently in a seller's market, with a shortage of show well homes!
Hi Al & Peggy, thank you so much! A sellers market 'eh? But with no show well homes, not good. I am hoping for a happy medium because it is just nutz!
What a way to do business. I wish people would give as much consideration to selling their homes as they do to buying a used car. A little ding here, a big ding there, and they don't want it. The price of a car is no where near the price of a home, get with it!
Andrea, a well written post, but what else have we come to expect from you. The names can be changed to protect the innocent, but the reality of the message is that it applies to almost anywhere up here in the Northeast at this time. Maybe something I'll paraphrase on my local posts down the road
Ed, why thank you so much! And yes, I believe it does apply to most of the Northeast. Stay warm and dry today!
Andrea, you right about it still being a Buyers market. Buyers can have their pick of the litter right now, and your first point deserved t be mentioned twice.
Condition and price my friend. If you get both of those right you are way ahead of the pack in most situations. Get them wrong and you could be wasting the time of everyone involved.
I would also add that you better not pick the mangy mutt Realtor either - LOL
George, no doubt about it, this is a buyers market. Sellers who don't understand that won't sell, and those that need to sell need to understand this in order to sell!
JL, you are so right, it is nothing but a waste of time if you can't get it right.
Bill, LOL, very good point! Thank you!
Hi Andrea ~ That's an excellent analogy. Whew - 12 months! Or take the breath away - 24. Glad to hear things are heading in the right direction in New Milford. We are currently experiencing low inventory - but maybe that will change as sellers decide to list before the credit expires.
Liz
Great post Andrea with excellent pointers, and I love the title !!! lol
Hey, Andrea - Very well-written post, but even mangy mutts need a little love! LOL
Very good analogy and great points!!!
featured in blogs happen...
Helping you help others live their American dream...
Liz, we do have a lower inventory, but that is a good thing for those homes that are on, and are the pick of the litter, LOL.
Shel, glad you liked it! Thank you!
Russel, you are right, if the mangy mutts got the love up front, or were priced right, then perhaps they would sell in a timely manner!
Michael, thank you! I appreciate it very much.
Hi Andrea, well done and thank you for the reminder to remember repeating my keywords!
Silvia, LOL, you noticed did you? Thank you!
Andrea--Excellent message for Realtors and sellers alike no matter where our markets are located. Love the term mangy mutt.