Selling your home is a big financial and emotional task, which requires lots of planning. Before you decide to put your Connecticut home on the market, here are four questions to consider.
What is My Home Worth?
Several factors go into determining your home’s market value. These include the condition of the property, square footage, location, amenities, as well as recent comparable property sales. For a snapshot of your home’s current value, you can enter your address into a free online value estimator tool. But use those numbers as guardrails and not an actual assessment of your value, some of the popular home value estimators can be off by 20% (which can be large variance based on home values here in Fairfield County).
Alternatively, you can look at a recent property tax bill to get your home’s tax assessed value, which is a percentage of your home’s fair market value. You can estimate fair market value by dividing your tax assessed value by the 70% assessment rate that is used in Connecticut.
When you are getting serious about listing your home it is always best to seek the input of a local professional that will complete a Current Market Analysis of your home and share comparable listings with you. Most agents will do this at no obligation or cost to you. You can request yours here.
How Can I Sell at the Highest Price Possible?
There are several simple, low-cost things you can do to boost the value of your home. These include eliminating clutter, washing windows and walls, and installing higher wattage bulbs to create a brighter environment. Larger projects, like adding bedrooms and renovating kitchens and bathrooms, typically yield more substantial increases in sales price. Staging your home, which helps paint a picture for how buyers will use their new space, can also add value.
How Long Will My Home Be on the Market?
The time your home spends on the market depends on several factors, including location, how competitively your home is priced, and how aggressively your home is marketed. Statistics show that if a home is properly priced, an offer should come in within the first 12 showings. If you want to speed up the sales process, don’t underestimate the value of staging. Research shows that well-staged homes can sell up to 32 percent faster than homes that aren’t staged.
How Can an Agent Help?
A real estate agent can help with all aspects of the selling process, from pricing to marketing to handling the intricacies of closing. An agent will negotiate on your behalf to secure the best price – and quickest sale – possible. Looking for an agent who can help guide you through the selling process? Feel free to contact Tanya
ARE YOU CURRENTLY THINKING ABOUT SELLING YOUR HOME?
I have a marketing plan that will help you get your home sold! Contact Tanya for a no obligation discussion, call or text 203.919.7479 or complete the “Get In Touch” form on this page and I will contact you.
Tanya Nagyhetenyi specializes in Norwalk, CT Real Estate and additionally services real estate sales in the following Fairfield County, Connecticut towns: Darien, Fairfield, New Canaan, Stamford, Wilton, Westport, and Weston. She is licensed in the State of Connecticut.