Tuesday, August 14, 2018

Comparing the Real Estate Markets in Connecticut and the Nation

How does Connecticut compare to national data? Today we will be finding out.
Selling your home? Get a home value report here

I am coming to you from our brand-new office space to talk about a report from one of the preeminent data resources for everything real estate-related across the country. This brand-new report by CoreLogic says that nationally, the June market is up year over year by 6%.

In Connecticut, however, it is only up 0.1%. We are the lowest-appreciating state in the entire nation.

What does this say? It’s a broken record for me. We are flat and I believe we are going to continue to be flat.

Connecticut is the lowest-appreciating state in the entire nation.

There is a bit of a silver lining, though. This is that the lower end continues to be robust in movement. However, if you’re a seller, even in the lower end you have to show inherent value for a buyer to see and want to buy your home.

This idea carries through to all price points. If you’re not showing value the moment potential buyers walk through your door, they’re walking out and waiting for another home.

Buyers are patient right now. It is rare that somebody has to move in, find a home, and move immediately, so be smart. Price your home correctly and market it aggressively.

If you have any questions about this or are interested in buying or selling, please feel free to contact me. I look forward to speaking with you soon.

Friday, July 13, 2018

Looking at the Buyer's Perspective

Buyers in the $200,000 to $600,000 price range have been experiencing many difficulties. Here's why.
Selling your home? Get a home value report here

Today I want to talk more about the buyer perspective and what they're experiencing in our market. A lot of buyers in our market are the $200,000 to $600,000 price range and they are struggling because there is not much inventory. So what can you do as a buyer to capture the homes in this price range when they come on the market? The most important thing is communication.

Just as buyers should be in clear communication with their agent, their agent should also be reaching out to other area Realtors. Buyer's agents need to have a direct line of contact with these other Realtors, because they might be aware of listings that haven't yet hit the market. And when a buyer's agent uncovers these opportunities, it means their clients can submit an offer on a property from the first day it's listed.
Just as buyers should be in clear communication with their agent, their agent should also be reaching out to other area Realtors.

As buyers miss out on quick-selling homes because their bids were too low, they learn where the value lies. If you priced your home correctly, as soon as it hits the market in the corresponding price range, it should have no issue selling. Buyers can recognize an overpriced listing, so be sure to price it appropriately the first time. On the flip side, as a listing agent, make sure you are calling those buyer's agents out there. Make sure you are communicating and telling them to line up their buyers because something is coming on the market. If you have any additional questions or are interested in buying or selling, please feel free to contact me. I look forward to speaking with you soon.

Tuesday, July 3, 2018

Start Preparing for Your 2019 Listing Today

Is it time to start thinking about 2019? If you're thinking about listing your home for sale, then the answer is yes.
Selling your home? Get a home value report here

Today I want to talk to you about 2019. You may be thinking, “That’s six months away! Why would we be talking about next year right now?” Well, now is actually the time to start thinking about selling next year. If you’ve missed your window of opportunity in 2018 or aren’t ready to list just yet, then you should know that it isn’t too early to start preparing to list next year. Think about it: Instead of rushing to market with only a couple of weeks to get ready, why not spend the next six months fine-tuning your strategy with our team? Our team would love to work with you, so please reach out if you’re interested or have any questions. To see my full message, watch this short video.