The real estate market in Fairfield County is improving, however it is still somewhat sluggish, due to a lack of sorely needed inventory. The number of available homes for sale is seasonally low, but compounding that, is the fact that the homes currently for sale are not considered attractive.
Just to clarify, an "attractive" home for sale refers to its condition, aesthetics, functionality, ability to sell on a timely basis, and/or price.
FIVE DETERMINING FACTORS OF YOUR HOME'S "ATTRACTION" QUOTIENT
1. Condition: Is the home in good working order, and has it been maintained properly? Is it dated?
2. Aesthetics: A beautiful home inside and out priced incorrectly for the market will not sell, and is still unattractive in the marketplace.
3. Functionality: Has the home been personalized to such an extent that very few buyers will be able to see themselves living in it?
4. Ability to Sell on a Timely Basis: Short Sales and Foreclosures can be attractive to many buyers, but the length of time from offer o closing is much greater than other homes.
5. Price: All three above conditions can be made more attractive by pricing the home correctly.
So what does a lack of "attractive" inventory mean for the market?
If you are selling, or even considering selling, and can meet the attractive quotient, then now is a probably a VERY good time to get your home on the market, as you will get TOP dollar in today's market, rather then waiting for Spring and fierce competition.
If you are buying a home, you may get some of the best deals of the year that are out there RIGHT NOW, if you are willing to look past and be compensated for (by means of final selling price) one of the above conditions.
If you have a question about buying or selling Real Estate in Fairfield County, and are in need of an Realtor to represent you, I invite you to contact me, and if you have an idea for a topic that you would like to see on The CT Realty Blog, please include it in the "Post a Comment" section link below this post. We appreciate the feedback and look forward to providing you with the best real estate content, advice and service in Fairfield County, Connecticut.