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You better be the pick of the litter when selling your home in New Milford CT, not the mangy mutt down the street.

February 10, 2010

Pick of the litterYou better be the pick of the litter, not the mangy mutt down the street if you want to sell your home in New Milford, CT. After all, it is a buyers market in New Milford, CT.

You need to sell your home in New Milford, CT. It is a buyers market, there is no doubt about it. Although the absorption rate is getting better (absorption rate it how long it will take the current inventory to sell) in New Milford, CT it is still a buyers market. We are at a 12 month absorption rate for New Milford, CT, better than the 24 month absorption rate we showed last year at this time. (At 6 months we are in a “balanced market”, anything under that is a sellers market, over that, buyers market.)

You want to sell your house in New Milford, CT. What should you do? So, you contacted local Realtors® to do a market analysis for you. As you sit and listen to each one your eyes glaze over. The bottom line, the price is too low, you don’t even hear the rest of the conversation, each Realtor® starts to sound like the adults in the “Peanuts” movies. Like a saxophone with a mute on it. Marketing strategy? What difference will that make? The price is too low.

Consider a few things.

Overpriced listings don’t sell. For every month your house doesn’t sell add up your expenses. Your monthly nut to live in the home, then subtract that from the price you think you should get for your house. If you have signed a 6 month listing, times your monthly nut by 6. If you signed a 12 month listing, figure it out. You just lost all that money.

Overpriced listings don’t sell. If you are in danger of falling behind on your payments if you don’t sell, you can pretty much count on falling behind on your payments because… overpriced listings don’t sell.

Condition is KEY. If you can’t do the work needed, price it accordingly. De-cluttering and cleaning, a bit of elbow grease goes a long way to making your house look better.


What you see

If you want to sell your house in New Milford, CT, make sure you understand the current market and how your home relates to the current market. Ask if your Realtor® has a strong internet presence, find out what type of marketing will be done. Once you make your choice, realize that your Realtor® is a professional and follow the advice given.

The Realtor® who gives you the highest price for your home may not necessarily be the one that is going to help you get it sold. (We call that “buying a listing”) The Realtor® who explains the current real estate market conditions in New Milford, CT, who gives you a fair and honest price for your home, who has valid suggestions about how to get your home ready for sale, the Realtor® who will market your home in the best light, this is the Realtor® you want to pick.

For more information check out the following:

Remember, if you want to sell your home in New Milford, CT you better be the pick of the litter instead of the old mangy mutt that has been on forever. If you want to find out how to be the pick of the litter, give me a call. I would be happy to map out a marketing strategy for you based on current market conditions as they relate to your house and give you a realistic price as it relates to the current real estate market conditions in New Milford, CT.

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