How Do Home Sellers Decide On Setting Their Price in Danbury,CT Area

By
Real Estate Agent with William Pitt Sotheby's International Realty CT RES.0783448

There are a few things that home owners in the Greater Danbury are have to consider when setting the sales price for their home. 

Condition: The condition of your home should be reflected in the pricing. If other homes have been updated and yours reflects much of the original construction but things are working, you can not expect buyers to pay as much for your home as your neighbors have gotten. In the contrary,we have to be careful about taking price plan if your home is the largest or most improved. 

Motivation:If you want sell quickly I would go the lower end of the comps based on your homes  condition and hold pretty firm when it goes to negotiating any offers. If you are in not much of a hurry, we can go toward the higher end of the market but if the feedback isn't what we hope for, then it may be necessary to adjust your price. Also you have a certain time that you want to close by, we can market based on that using data to discuss a plan of action for your sale.

Market Conditions: We will review the market trends prior to listing. If homes are slow to sell in your category or the market has little inventory, we can plan accordingly with a pricing & market plan to get you the results that you are looking for.

Other note for consideration:The real estate market doesn't care how much you purchased your home for,unless it was within the last 6 months. Most buyers generally do not have concern for what your mortgage payoff is going to be & your closing costs are going to be In some cases, it is close to being a short sale where the buyer may if they really like your home, they may decide to come up with the money so the seller won't have to go through the process or have to wait months for approval. No matter how much you want for your home, you have to be realistic for the market & the home has to appraise .

Are you thinking of selling your home in the Greater Danbury,CT area? Contact local housing expert Jonathan Hall-Realtor with William Pitt Sotheby's International Realty in Danbury,CT  to schedule your at home visit. My cell is 203.417.0523 or send me an email. You can also get a quick no-obligation on your home's value from my website. I look forward to meeting with you. 

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Jonathan Hall-Realtor Serving Greater Danbury & Candlewood Lake with William Pitt Sotheby's International Realty
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This information is provided by Jonathan Hall,Realtor  with William Pitt Sotheby's International Realty in the Greater Danbury & Candlewood Region of CT. For additional information, please call him at 203-417-0523,203-796-7700X305 or email me at danburyrealestate@gmail.com . Unless indicated, all content is the property of Jonathan Hall. If you would like to use any of this information, please contact me for permission. He is a licensed CT Salesperson License #RES.0783448 with William Pitt Real Estate LLC License # REB.0751698. His office is located at 112 Federal Road,Danbury CT 06811.

Comments (1)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jonathan I always advise sellers to be represented by a Realtor and follow their advise when it comes to pricing.

Jan 08, 2019 03:32 PM