Litchfield County real estate information, local events and more.

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Let's throw the house against the buyers and see if it will stick!

"We just want to throw it on the market and see what happens" (better known as Spaghetti on the Wall Real Estate).

Spaghetti Real EstateI have been on more than a few listing appointments in Southern Litchfield County where the seller has said this to me. Especially when it comes to the price. It usually means they want, or need a certain price point that is not feasible (and they probably know the price is unrealistic). P.S. If the agent is saying that to you as a seller, my advice is run, run, run away!

Spaghetti on the wall real estate this ain't!

Years ago, eons ago, my brother lived with 2 male cousins in a small, family owned house that was next to a barn. The guys were not interested in cleaning... to say the least. The line between the house and the barn was often blurred.. The kitchen cabinets always had a strand of spaghetti or 2 (possibly more, I am being kind) on them.

After all... everyone knows the best way to find out if spaghetti is done is to throw it against the wall. If it sticks it's done, if it doesn't stick.. cook it more. Right?

Selling your home is more important than that.

We take selling homes seriously, as I am sure you do. We even have a site dedicated to selling your home in Southern Litchfield County. After all, buyers are taking it very seriously. They research areas, towns, homes for sale for weeks before they even step foot inside a house for sale! And considering this is the biggest purchase most people make in a lifetime and it is probably the biggest thing most people will ever sell in a lifetime it should be taken seriously by all concerned. Selling a home is serious business.

The word on the street is... real estate is booming!

In some areas of the country it truly is. Inventory is down, prices are climbing... buyers are fighting for homes.

BUT NOT IN CONNECTICUT!

Having said that, the market is slowly changing here in Connecticut. We have some important obstacles to overcome such as a large inventory of short sales to slog through, home prices still below what many people owe or are willing to sell for, an unemployment rate that is higher than the national average. These things are critical factors when determining how the real estate market is doing.

Buyers do seem to be more active.

It is true, in the lower end market here in Southern Litchfield County buyer activity is picking up. We (The SPA Team) monitor the market daily to understand where we might be heading. We take our jobs very seriously.

It is still a buyers market in Southern Litchfield County

Throwing your house up against the buyer to see if it will stick is not a wise idea. They don't appreciate it at all. Buyers have a very clear idea of what they will or won't pay for a home, and so do their lenders. Remember, on the off chance you get a buyer to make an offer for an overpriced home, their lender will have it appraised. If it doesn't appraise for them, they won't be lending the buyer the money on it.

No, you don't have to hand your house to them on a silver platter, just make sure it's edible!

  • In good shape
  • Priced according to location
  • Priced according to market conditions
  • Priced according to the condition of the home
  • Present it well, both online and in "real life"
  • Make it easy to show

Just remember, buyers do NOT appreciate having homes thrown at them to see if it will stick!  And selling real estate is nothing like cooking pasta. I do both and I can assure you of that.

Read more about selling your home in Southern Litchfield County here.

 

Andrea Swiedler, Realtor, Southern Litchfield County Real Estate

2017 President, Greater New Milford Board of Realtors

2017 Connecticut Magazine 5 Star Realtor

 

 Search homes for sale in Litchfield County, CT.

 

Coldwell Banker Residential Brokerage

Litchfield County Regional Office,375 Danbury Rd, New Milford, CT 06776

 

© Andrea Swiedler 2009 - 2017

 Always do right. This will gratify some people and astonish the rest. - Mark Twain

Comment balloon 18 commentsAndrea Swiedler • June 09 2013 07:15AM

Comments

Andrea - Some sellers, and buyers, too, don't really think about the process as much as they should.
Posted by Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS (Berkshire Hathaway Home Services Florida Network Realty) over 4 years ago

Dean, Dean.....although this is a serious issue, your post made me LOL.  I love how you made the analogy with spaghetti, it works.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) over 4 years ago

Carol, given the seriousness of a sale/purchase, it amazes me that all can be so cavalier at times!

Roger, Roger, glad you got an LOL out of it, THANKS!

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Coldwell Banker Residential Brokerage) over 4 years ago

Andrea, sometimes it does feel like sellers want to just throw their homes out there without any thought or reasoning to condition or price.  This post should give them reason to pause and think.

Posted by Kathy Stoltman, Ventura County Real Estate Consultant 805-746-1793 (Rockwood Realty) over 4 years ago
Andrea, even in a good market pricing matters. We are seeing properties move quickly here but if sellers price too high or the home shows poorly, it sits on the market.
Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) over 4 years ago

We call that "fishing" real estate around here.  Bait and wait.... and wait.... and wait....

I just hate it when a seller says "But we don't "have" to sell".  Please, by all means, don't put your house on the market if you don't need to sell it.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) over 4 years ago

Kathy, I hope this helps someone! Thank you.

Tammie, overpricing is never a good idea. Sellers forget that they are usually going to be on the buying end at the next closing, and boy does that change everything!

Tammy, if you don't need to sell, good advice, don't. Wait and see.

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Coldwell Banker Residential Brokerage) over 4 years ago

Andrea:  This is such good advice for your Conneticut clients as well as any clients who 'want to test the water' with unrealistic expectations.  No, a sucker is not born every minute and if he is, he may neve show up at the Seller's house.  LOL

Posted by Valerie Zinger, Home Organizer (House Proud Ottawa-Ontario-Canada) over 4 years ago

Such a well-written post - brilliant analogy, Andrea!  It does seem Connecticut's over-all real estate picture will take some time to climb out of the hole.  The higher-priced, "move-up" homes don't move as quickly as they used to 7 - 8 years ago.

Posted by Julia Maher, Connecticut Home Stager (Nestings: Connecticut Home Staging and Model Homes) over 4 years ago

Hi Andrea....good analogy.... some markets are taking longer than others to clear their inventory of the short sales and bank owned..... once it happens, the buyers will be fighting over the listings and paying too much!!!

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) over 4 years ago

Good points! The Market is picking up a bit here, but we still have plenty of houses to sell.

Posted by Travis "the SOLD man" Parker; Associate Broker, email: Travis@theSOLDman.me / cell: 334-494-7846 (Team Linda Simmons, Enterprise, AL 36330) over 4 years ago

Andrea, nice post, thanks

Posted by Ron Aguilar, Mortgage & Real Estate Advisor since 1995 (Continental Mortgage) over 4 years ago

Beautiful title to your blog!  It brought up quite a visual.  It's so true that markets are local and what you hear about the national level statistics doesn't usually apply on the neighborhood level.

Posted by Michael J. O'Connor, Eastvale - 951-847-4883 (Diamond Ridge Realty) over 4 years ago

I'm still laughing from your title. Funny, funny. To your larger point, if you are not in a seller's market, then you do need to have it ready to show. 

Posted by Karen Fiddler, Broker/Owner, Orange County & Lake Arrowhead, CA (949)510-2395 (Karen Parsons-Fiddler, Broker 949-510-2395) over 4 years ago

Back in the dark ages, before real estate listings were online, I had many sellers who wanted to test the market. Many of them believed that "Some rich Californian" would show up and buy their place for twice its value.

I'd tell them that buyers aren't stupid, and they aren't going to come to town and see just one house or just one parcel of land. They're going to ask to see everything, and they're going to make comparisons.

Now that buyers can make those comparisons from the comfort of their homes, testing the market is even sillier...

Posted by Marte Cliff, your real estate writer (Marte Cliff Copywriting) over 4 years ago

Sellers who want to test the market by over pricing their property can do it but without me, yet other agents will take the listing and attempt to convert to a marketable price after a certain period of time. So, it depends on your business philosophy, business and marketing plan, doesn't it?

Posted by Kimo Jarrett, Pro Lifestyle Solutions (WikiWiki Realty) over 4 years ago

You probably have many agent who will "gladly" accept an overpriced property, just for the name exposure from their sign in the front yard.  To bad they will be in violation of NAR Code of Ethics.

Posted by Steven Pahl, Real Estate Consultant Tampa, FL 813-319-6423 (Keller Williams Tampa Properties) over 4 years ago

Frankly, I did not know you could check pasta that way... I'll treat it tonight and let you know what my wife thinks tomorrow... I'm suspecting this well fall into the lousy advise section... and I wouldn't do that to my clients house either, but then nobody around here has asked me to.

Posted by Terkel Sørensen, Realtor, 951.805.0773 , Bank owned and Short Sales (Real Estate Places) over 4 years ago

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