The Truth... Pricing a home to sell sit in New Milford, CT. Litchfield County CT.
It is actually relatively easy. Just pick the number, your "magic" number, the one you want to get. You can interview agent after agent and see if you can squeeze this "magic" number out of one of them. It can be done. (Don't look at the current market stats, they are irrelevant in this case.) Then hang on for the long, long ride.
The good news is, you won't have to endure the trials and tribulations of moving. There will be no hassles and headaches from all those showings... no pesky buyers to endure, no inconvenience at all!
Let's look at a few to get you started. These lucky people had relatively little hassle, if any, over the course of the life of the listing. OK, perhaps they had to endure one or two showings...
Case #1: House hits the market for just around $730,000. Around 630 magical days later, the house sold for $610.000.
Case #2: Listed just under $400,000, this house sold for $310,000, 800 days later.
Case #3: After 337 days, this house closed at $436,000. The original list price was right around $520,000.
Statistics are a funny thing, they can be skewed to look one way when they are really another. It can be done out of ignorance, or because leaving out something makes the stats look much better. It can be because the figures are not accurate in the first place.
Take the list to sale price ratio of homes sold in New Milford, CT, Jan. 2012 thru the end of June, 2012. At first glance it would appear to be homes are selling, on average, at 93% of the list price. The problem is that is the last listed price. The real ratio is a bit different. Homes in New Milford, CT really sold at 82.2% of the ORIGINAL LIST PRICE.
I have said this before and I will continue to say it, if you want to sell your home in New Milford, CT you must price it according to:
- the current local real estate market
- location
- condition
The only home that will sell if you overprice your home is the house that is very much like yours, but that is priced to compete in the current real estate market.
Of course, if you want to forgo the inconvenience of having all those pesky buyers invading your privacy, or you have 800 days to wait... and don't mind risking the marketing dropping even more... then by all means... overprice!
CURRENT MARKET CONDITIONS IN NEW MILFORD, CT... IT WILL TAKE 13 MONTHS TO SELL THE INVENTORY THAT IS ON THE MARKET AS OF THIS MOMENT IN TIME, IF NO OTHER HOMES COME NEW ON THE MARKET. (A MANATEE CARRIES ITS BABY FOR 13 MONTHS, CAMELS... 13 - 15 MONTHS... GIRAFFES, 13 - 16 MONTHS... WELL, YOU GET THE IDEA.)
So, if you are really ready to sell your home in New Milford, CT, give us a call at 203.460.1775. We will go over your personalized marketing and sales profile with you and tell you the truth about the current real estate market in New Milford CT.
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