Lots of Homes Listed on One Street. What's Wrong?

Have you ever seen a number of homes pop up for sale on a street or neighborhood, and thought that there must be some type of problem  that is causing all of those homeowners to want to sell?

It seems that one house goes up for sale in a neighborhood, and then- all of a sudden, a few more pop up for sale in a short period of time. Could it be that those homeowners know something is about to happen in their neighborhood, and are selling to "get out of dodge"? Could there have been a tragic event and the residents are now afraid to live there?


Don't jump to any conclusions just yet-

The biggest reason by far that this happens is because of seller ego, and/or the thought of selling comes to the front burner because someone else decided to sell their home.

Here's a very common scenario:

Tom and Betty decide to sell their home. They list their home for sale,  and the sign goes up in the yard. Bob and Joan down the street find out how much Tom and Betty's home is listed for, and think to themselves, " They are asking HOW MUCH?  Well, if Tom and Betty are asking that price, then we can get a LOT MORE. So, Bob and Joan list their home for sale. And then it happens again.

As a note- it can be a very smart and savvy move (pardon the pun) to put your home up for sale when a neighbor has just listed theirs. That creates more opportunities to reach buyers. Think of it this way- A buyer calls in to see a home because that particular ad resonated with them somehow, while yours did not. While they are looking at that home, either the agent akes an appointment to show yours as well, (when you would not have had a showing), or the buyer sees your For Sale sign and expresses a desire to see your home. Either way, it could result in a sale.


Bottom line? If the time is right for you to sell, then do it.  If it's not the right time, then wait. Don't let anyone push you in any direction that you're not ready for.

Buying or Selling a Home in Fairfield County? We'd love to represent you.

Feel free to email us here or visit our main  site at

www.CThomesAndRealEstate.com

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy