Why Is There A Wide Range Of Homes Sold in My Danbury,CT Neighborhood

In your Danbury,CT townhome community, you might have seen home values all over the map. As a owner, it can be confusing as you want to make sure that you would able to get a good value for your home, if and when it is time to move on. In some neighborhoods, the price range of homes range in excess of hundreds of thousands of dollars, wherein others it can be closer to about $50,000. Why is there such a difference in the values?

-Layout: The chosen community may offer a variety of different models. Some may be larger than yours, others smaller. Some units may have a garage and separate entrance, and others may not even have a basement. 

-Condition: Over the years, the condition of the homes have changed. Some owners have replaced appliances, countertops, flooring and more, whereas some owners have not very little & might have had renters in. Property condition very much matters to buyers.

-The exact location in the complex and available ease of parking does also play into the valuation as well. In some complexes, some buildings have difficult parking but weighed out by something like a good view. As well, some complexes have homes at the end of cul de sacs, as well as some which the rear faces a main residential cut through. 

-Motivation Of The Owner: Some homes may sit on the market for a long time before a sale. It could be because teh owner's are are not motivated to sell or not realistic on the market prices. The home could not hae been marketed better, the property could have been difficult to show and the owners did not want sell right away. In some cases, owners have priced their homes above the highest comparable properties and had to chase the market.

Are you confused as to what this information puts your property? Contact me-Jonathan Hall- A Realtor With William Pitt Sotheby's International Realty in Danbury,CT. Visit my Danbury townhome website for additional information, or give me a ring at 203.417.0523 or send me an email at DanburyRealEstate@Gmail.Com.  I look to hearing from you.


-