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