The Shadow Inventory: How will it affect the Danbury, Ct. Market

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Real Estate Agent with Keller Williams Realty REB.0755718

The Shadow Inventory: How will it affect the Danbury, Ct. Market 

The Shadow Inventory: How will it affect the Danbury, Ct. Market

There is a hidden demon out there that can have a drastic effect on the market as we know it.  This demon is something called The Shadow Inventory.  You may be wondering what it is and how will it affect the Real Estate Market in Danbury. 

The shadow inventory is made up a four basic types of properties.  These types are pre-foreclosure, bank owned properties, auction properties and government owned properties.  These properties are not on the market currently but are likely to come on the market in the Spring.  Currently there are238 properties in the shadow inventory in Danbury.  These properties fall into the category of distressed properties and they will usually come onto the market at below market prices.  As with any type of commodity when there is a larger supply the price tends to go down.  Of course, the Spring is when alot of sellers THINK that it is the very best time to put their houses on the market.  In addition, we haven't even mentioned that there is also a supply of homes set to hit the market in the shadow inventories of Brookfield, Bethel, Newtown etc.....

I have been talking to numerous sellers recently who have told me that they want "to wait until spring to list their home' as the market is "always better then".  I have to beg to differ on the point.  Let's list the reasons why now is the BETTER TIME TO LIST YOUR Danbury, CT. HOME FOR SALE NOW RATHER THAN THE SPRING.

1. INTEREST RATES ARE AT RECORD LOWS--

2. THE SHADOW INVENTORY HAS NOT HIT YET

3. THE SUPPLY OF HOMES FOR SALE IN THE WINTER TENDS TO BE THE LOWEST SO LESS COMPETITION

4. THE BUYERS WHO LOOK DURING THE HOLIDAYS OR DURING THE WINTER TEND TO BE SERIOUS

5. MOST HOMES LOOK BETTER WHEN DECORATED FOR THE HOLIDAYS

6. SOME BUYERS NEED TO BUY BEFORE THE END OF THE YEAR

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Marvin BeninsonOur Clermont, FL.Greater Orlando team is called The House To Home Realty Group.  Our office is located in Clermont, FL. 34711 and we cover The Greater Orlando/Clermont areas.  Visit us at HomesinGreaterOrlando

My team, The Beninson Associates covers the Western Ct area.  Our office is in Ridgefield and we cover Bethel, Brookfield, Danbury, New Fairfield, Newtown,Redding, Ridgefield and Western Ct generally.  Visit us at http://www.homes4saleindanbury.com  to Search for Homes 

Call me for any questions on Short Sales and Foreclosures or Real estate in general in Ct or around the world 352 404-6722 or 203 733-0147.  We also specialize in 55+ communities in FL. and CT.

 

 

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