Sunday, February 28, 2010

Selling your house with those junk vehicles in the yard, New Milford CT real estate talk.

Help! We sold our house and have these old cars to get rid of!

To you it is your old beloved car, so many wonderful memories for you. To you Realtor® it is a potential stumbling block to reaching that all important "curb appeal" status that is so greatly desired. To the town, if there are more than one it is a fine waiting to happen. (Depending on where you live, the amount of unregistered vehicles allowed can vary) To your insurance company it is a hazzard. To a potential buyer it screams "run away run away".

And where there are one, there are usually two. Old, unregistered vehicles tend to attract more, it is law. There is always the relative or friend who saw the old car in your yard and asked could they just leave their old, beloved car with yours? Trust me, these old cars travel in packs.

You always meant to fix it up, somehow the car was relegated to the back corner of the yard. At one time there was a cover over it, now there are remnants of the blue tarp flying streamers from the back of the car. The mice have moved in, the tires died years ago, only you see the beauty shining through the eyesore in your yard. The neighbors stopped talking to you after they saw raccoons and mice moving in.

Best case scenario? The car should have been removed prior to the house being put on the market. Worst case scenario? You are two days away from closing, the ground is saturated and you can't move the car without tearing up the yard beyond repair.

There is nothing worse than your agent having to contact your attorney and telling them there is a problem two days before the closing. The ground is too soft to move the vehicles, it is going to cost an arm and a leg to have them moved, the guy who promised to take them never showed up, the person who really owns the car never came, you can't find the title to junk the car. Yes, money can be put in escrow, the problem is still looming over your head and now you have angry buyers waiting for you to come and remove the eyesore(s) without tearing up their new yard.

Other option is call the fire department, sometimes you can donate vehicles to be used in "Jaws of Life" demonstrations, or they set them on fire to learn how to put them off. You beloved friend will die a good death (again) and possibly save the lives of others. A totally worthy cause. Whatever you decide to do with it (them) don't delay!






Thursday, February 11, 2010

You better be the pick of the litter when selling your home in New Milford CT, not the mangy mutt down the street.


You better be the pick of the litter, not the mangy mutt down the street if you want to sell your home in New Milford, CT. After all, it is a buyers market in New Milford, CT.
You need to sell your home in New Milford, CT. It is a buyers market, there is no doubt about it. Although the absorption rate is getting better (absorption rate it how long it will take the current inventory to sell) in New Milford, CT it is still a buyers market. We are at a 12 month absorption rate for New Milford, CT, better than the 24 month absorption rate we showed last year at this time. (At 6 months we are in a "balanced market", anything under that is a sellers market, over that, buyers market.)

You want to sell your house in New Milford, CT. What should you do? So, you contacted local Realtors® to do a market analysis for you. As you sit and listen to each one your eyes glaze over. The bottom line, the price is too low, you don't even hear the rest of the conversation, each Realtor® starts to sound like the adults in the "Peanuts" movies. Like a saxophone with a mute on it. Marketing strategy? What difference will that make? The price is too low.

Consider a few things.

Overpriced listings don't sell. For every month your house doesn't sell add up your expenses. Your monthly nut to live in the home, then subtract that from the price you think you should get for your house. If you have signed a 6 month listing, times your monthly nut by 6. If you signed a 12 month listing, figure it out. You just lost all that money.

Overpriced listings don't sell. If you are in danger of falling behind on your payments if you don't sell, you can pretty much count on falling behind on your payments because... overpriced listings don't sell.

Condition is KEY. If you can't do the work needed, price it accordingly. De-cluttering and cleaning, a bit of elbow grease goes a long way to making your house look better.


If you want to sell your house in New Milford, CT, make sure you understand the current market and how your home relates to the current market. Ask if your Realtor® has a strong internet presence, find out what type of marketing will be done. Once you make your choice, realize that your Realtor® is a professional and follow the advice given.

The Realtor® who gives you the highest price for your home may not necessarily be the one that is going to help you get it sold. (We call that "buying a listing") The Realtor® who explains the current real estate market conditions in New Milford, CT, who gives you a fair and honest price for your home, who has valid suggestions about how to get your home ready for sale, the Realtor® who will market your home in the best light, this is the Realtor® you want to pick.

For more information check out the following:

Remember, if you want to sell your home in New Milford, CT you better be the pick of the litter instead of the old mangy mutt that has been on forever. If you want to find out how to be the pick of the litter, give me a call. I would be happy to map out a marketing strategy for you based on current market conditions as they relate to your house and give you a realistic price as it relates to the current real estate market conditions in New Milford, CT.


Tuesday, February 9, 2010

Market Watch January 2010 New Milford, CT. Real Estate Sales in New Milford CT

Market Watch New Milford CT, Real Estate Sales New Milford CT

Things seem to be improving in the New Milford CT real estate market! We are busier and the numbers prove it. It is still a buyers market. The absorption rate (how long it will take to sell what is currently on the market) is 14 months. This shows an improvement over last year. I calculated the rate just about a year ago, it was almost 28 months at that time. 6 months is considered a balanced market, under 6 months is a sellers market, over 6 months is a buyers market. We are still in a buyers market here in New Milford, CT.

As I write this there are currently 216 single family homes for sale in New Milford, CT. The average list price of these homes is $482,845. The average market time is 152 days. Highest list price: $ 5,900,000, Lowest list price: $84,900.

Of these active listings, 20 are under deposit, average list price of these is $292,356, average market time is 133 days.

Currently there are 17 homes in a pending status, awaiting closing. The average list price of these homes is $392,735, average market time is 119.

What does this mean if you are selling? In the greater New Milford CT real estate market you must price it right. Buyers are savvy, lenders are not apt to let them overpay. Call me for a market analysis of your property.

If you are buying? You have some good choices, rates are STILL low, if you act quickly you can still get in on the tax credit. Call me, I will be happy to discuss your options with you. Join me February 23, 2010 for a home buyers seminar. Rod Moore from Flagstar Bank will be there to discuss mortgage options, I will be there to discuss the buying process and the current real estate market in the greater New Milford, CT area.


All statistical information provided by the Greater Fairfield County Multiple Listing Service (CMLS). Information provided deemed to be reliable, but not guaranteed.

Sunday, February 7, 2010

Overloaded with Books in New Milford CT? Clean your house, help New Milford CT Library

Overloaded with books in New Milford Connecticut? Help yourself and help the New Milford Public Library in New Milford, CT.

The Friends of New Milford Library of New Milford, CT are at it again, helping the library and helping us to clean out our homes. They are accepting donations of books for their Friends of New Milford Library Book Sale.

They are accepting books that are in good or better condition and clean. They are also taking VHS tapes, CD's, DVD's, computer games and cassettes that are in working order! (Now you know what to do with all those VHS tapes!) Also, textbooks that are dated 2004 or newer.

They are NOT accepting Encyclopedias, Readers Digest Condensed Books, Records, Magazines, books on computers and software, text books dated 2003 or earlier or albums (records). Also, check your books, if they smell musty, moldy or mildewy, are written in, have torn and ripped pages or hi-lighted, they cannot accept them.

If you have a large quantity of books they can even arrange for pickup! You can contact them at 860.350.4657.

Not only can you clean out your home (especially those of you who have your home on the market and are planning on moving and are overwhelmed by books, old VHS tapes, etc) this is a great way to help out the New Milford Public Library in New Milford, CT.

Fun historical fact about the New Milford CT library. The very first library in New Milford, CT was established in 1796 and had 350 volumes. The library was housed in the homes of "public spirited citizens" and was only open 5 days per year. It was called "Union Library". (I wonder what the fees were for overdue books if they were only open 5 days per year, or did they have drop boxes?)

Help yourself, help the New Milford Public Library in New Milford Connecticut and donate those old books, VHS tapes and more!