As the average and median prices of homes are starting to creep up, soon-to-be home sellers should be wary NOT to outprice their home for the market.
In our main service areas of Fairfield County, where we do weekly statistics for Easton, Fairfield, Norwalk, Southport, Trumbull and Westport, it has been increasingly evident that sellers are pushing the envelope with regards to pricing their home for sale.
Of course, supply and demand do have a lot of influence on pricing, however, pushing the envelope on a value that may not necessarily be in line with past comparables, even given price increases can very easily result in your home sitting stagnant on the market, or a bank appraisal not coming in at the purchase price.
Detailed statistics and thorough analyses (more than one) will usually point to the appropriate value, where no one needs to guess- including you, as the homeowner.
There have been plenty of times that I have pushed the pricing envelope for my seller clients because of the amount of research conducted prior to listing the home for sale. The proper reports will tell you just how high we can price your home, and still effect a timely sale. It thrills me to be able to tell a homeowner that supply and demand is so lop-sided that we may can obtain MUCH more for their home than they expected.
Nevertheless, the fact remains that without due diligence, it is very easy to overprice your home for the market.
Want an expert to help you value your home correctly, and get the highest price you possibly can, without worry that it was all a front to get your business? Contact me. My experience, qualifications, and track record speak for themselves.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
The Featured Home of the Week is a 3 bedroom, 2 bath ranch home at 20 Hickory Drive, Westport for just $549,900. See the virtual tour HERE
.....or better yet, call Judy to schedule an appointment to see it!
Buying or Selling a Home in Fairfield County? Contact us!
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
Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like: Find out more about Judy here
www.CThomesAndRealEstate.com www.TheCTrealtyBlog.com www.TheCTRB.com and www.CTfeaturedHomes.com
Email us or call Toll Free (855) GET-JUDY