Local community and real estate information for Cheshire CT by your Cheshire Real Estate Experts, Sally Bowman Real Estate

Sell Your Cheshire Home in a Buyer's Market

Monday, July 18, 2011

by Sally Bowman Real Estate

You’ve heard it time and again: it’s a buyer’s market. This is great news for those looking to buy a home in Cheshire, especially with home values expected to drop 5% by the end of this year. The supply of homes gives Cheshire home buyers a great selection and advantage in today’s real estate market. But what does this mean for those of you who need to sell your Cheshire home? Conditions aren’t ideal, but there are ways to make your home stand out among the rest.

Know the Local Market:
A key factor in getting a quick, fair sale out of your Cheshire home is to do your research about the Cheshire real estate market. The first step is to get a free Comparative Market Analysis, commonly referred to as a CMA. This will tell you what the approximate value of your home is in the present real estate market. Use this as a guideline while researching list and sold prices of similar houses in your neighborhood over the past six months. This will give you an idea of what Cheshire home buyers are expecting to pay, so you can price your home accordingly.

Price your Home Right:
With homes going into foreclosure, it’s important to under-price your home in order to remain competitive in the Cheshire real estate market. This will be difficult to do since you likely invested much more than your asking price. Remember, just because you list your home at a certain price doesn’t mean that’s what it will sell for. Pricing your home below others in the area will attract attention with the goal of getting multiple bids at a higher price than you asked for.

Enhance your Home’s Curb Appeal
First impressions speak loudly and you want your Cheshire home to leave a good one. If your home’s exterior appears neglected, buyers will likely move right along to the next home. Sprucing up the front of your home doesn’t have to cost much or take too much time. Keep your lawn mowed, rake any leaves or debris off of the grass and sidewalk and prune any unruly shrubs. Repainting the front door and garage door is a minor project that can make all the difference to your home’s appearance. Tidy up indoors, too. Leaving clutter out in the open draws attention to the mess instead of the home’s charm.

Choose a Trusted Real Estate Agent:
Unless you have the sales and negotiating skills it takes to price your home correctly, market your home on various platforms, organize your open houses and juggle bids from potential buyers, it’s important to choose a Cheshire real estate agent to guide you through the process and get you a fair price for your home. Selling your Cheshire home can be an emotional and daunting process, and handing the work over to a local expert will save you time and ease your stress.

The important thing to remember is that homes are selling. Pricing it right, knowing the local market, enhancing your home’s curb appeal and choosing the right Cheshire real estate agent to represent you are all great ways to help ensure your Cheshire home sells for a fair price and in the shortest amount of time possible. Sally Bowman Real Estate takes advantage of many different avenues of marketing your home to make sure it gets the exposure it deserves. Contact me today to get your Cheshire home sold!