Tag Archive | "listings"

My Top 6 Words For Sellers

There are some emerging dynamics that have contributed to this very complicated market for both buyers and sellers. If I was sitting in front of a seller here would be my top 6 words of advice to effectively deal with this market:

1. Photos-Stunning photos become so critical as 90% of all buyers begin their search on the internet. Bad photos can help your home be eliminated quickly from a crowded pool of listings. Also, if a website allows for 20 photos, get 20 photos online.

2. Condition-Take care of any issues or objections that would create hesitancy in buyers in making a decision to seriously consider your home. As inventory builds in a price range, poor condition stands out, to the distinct disadvantage of the seller.

3. Pricing-In the past years, sellers could list at the high-end of the range of comparables and not be seriously affected. As a seller, you will be swiftly penalized in the market by buyers or just ignored. Either way, your home won’t sell and your listing will languish on the market.

4. Appraisals-Always an important part in which lenders make sure that their new asset is within the range of other comparable properties. Quick appraisals are also being done late in the process to safe-guard against any significant market shifts. So, if a seller was fortunate enough to get a buyer that was willing to pay more than market value, an appraisal that doesn’t match the selling price will create a red flag with the lender.

5. Time-Everything is taking longer. The mortgage process, the inspection process, the negotiations, the renegotiation and closings. Be patient and diligent and hire the right people to work with you throughout the process.

6. Cycles-Throw out any concepts of “cycles” in real estate because there seems to be little rhyme or reason to some of the activity. Don’t think that waiting for “The Spring Market” will cure your ills as a seller. Nothing magical is happening in Spring since the market has so many shifting variables. Aggressive pricing is the key to getting the attention of buyers.

Posted in CT Real Estate, Fairfield County Real Estate, Weston Connecticut Real Estate, Westport Connecticut, Westport Connecticut Real EstateComments Off on My Top 6 Words For Sellers

Weston CT Market Snapshot

The Weston Connecticut real estate market continues to be sluggish with 142 listings available. The low listing is $250,000 on Steep Hill to $3,900,000 on Saugatuck Road. The average is $1,318,919 and the median listing price is $1,099,500. The low days on market is 7 and the high is 825.

With any downturn in a market, the secondary markets shift down first and return last. Weston was impacted first a few years ago and has some inventory to push out to return to a healthy balance. Weston is a desirable area and has incredible value. Buyers should consider combing through the inventory with their agent to find those listings that are well-priced.

Posted in CT Real Estate, Fairfield County Real Estate, Weston Connecticut Real EstateComments Off on Weston CT Market Snapshot

Fast Spring Market In Westport Connecticut

Fast Spring Market In Westport Connecticut

Despite early predictions, our Spring market in Westport Connecticut has been very active with sold units up over 25.49% from May (Year To Date) 2010. There were 128 closed units versus 102 in 2010. With the winter storms lasting well through the beginning of 2011, we expected the real estate market to be severely impacted compared to 2010. Many sellers withdrew their homes from the market or delayed listing to fix the extensive damage from weather-related issues with roofs, sump pumps and interiors. 61 units were closed by May 2009, and 90 were closed by May 2008. 2007 was one of the strongest Spring markets with 156 closings. So, 128 closings is a respectable start to the year. More interesting market statistics to follow.

Posted in Westport Connecticut Real EstateComments Off on Fast Spring Market In Westport Connecticut

Buying, Selling Or Renting In Fairfield County Connecticut? Contact Us At (203)253-9222

FreshPickedRealEstate.com is known as "Fairfield County CT's Favorite Real Estate Blog". We feature market statistics, community events and interesting happenings in and around lower Fairfield County Connecticut, including Westport, Weston, Wilton, Norwalk, Fairfield and Easton. Look for real estate tips with a focus on "green living" in the area.
Contact me at MelissaBrownRiley@gmail.com or at (203)253-9222 for info on all real estate services, including buying, selling or renting in Fairfield County, Connecticut or in any other county or state through our national network. We also specialize in buying or selling "short sales" and foreclosures.

Search Like An Agent For A Home Or Rental

Do you think online marketing makes a difference in exposing your home to the market?

According to the National Association of Realtors, 91% of all buyers begin their search on the internet. As a seller, having a definitive online strategy creates a differentiation to maximize your exposure to the right target market. I offer 31 years of real estate experience with a strong technology twist and focus on utilizing Google to attract attention to your listing. Find out how we can create an advantage for you.

Investors from New York Searching In Fairfield County

Are you an investor from New York looking for well-valued properties in Fairfield County? We will pair you with an experienced agent who can assist you in your search. Melissa Riley (203)253-9222. Berkshire Hathaway HomeServices-New England Properties

Luxury Rental Listings Are Needed

Fairfield County, including the towns of Westport, Weston, Fairfield, Easton, Wilton and Norwalk are highly desirable towns for rentals.
We are experiencing a lack of quality luxury rental listings in lower Fairfield County. We have tenants looking for rental properties that fit their needs.
We will assist you with establishing the rental value on your home and helping you through rental process. Proper representation is the core of our business and I we zero in on your needs no matter if you are landlord or tenant.

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