Middlebury CT Real Estate

When Selling Your Home, Make Use Of Marketing Options

2007-01-07T10:21:00.000-05:00

There are many methods of advertising that can be utilized in promoting the sale of your property. A good marketing plan combines an array of different media to provide a well balanced ad campaign to the public.

Print advertising has long been the most popular medium for marketing real estate. Publications such as newspapers and homes magazines reach thousands of people, giving your home a large amount of exposure to potential buyers. Mailings can target specific buyers by announcing the sale of your home. Flyers are a means of highlighting unique characteristics and supplying property information.

Another successful marketing tool is the open house. Opening your home to the public is one of the most effective ways to attract buyers and showcase your property. Most people have weekends off and find it convenient to shop for homes on a Sunday afternoon. Although the people who attend open houses are not all serious buyers, it still provides exposure and potential “word of mouth” advertising. Neighbors might have friends or family who are looking to move into the neighborhood.

Perhaps the medium which has made the biggest impact on the way people shop for homes in recent years has been the internet. Personal computers and the creation of the World Wide Web have changed the way we exchange information and conduct business. According to the National Association of Realtors, 74% of prospective buyers use the internet as a source of information when searching for a home. Internet websites have the ability to provide information such as multiple pictures, detailed listing information, maps and directions, mortgage calculators, MLS search pages and virtual tours. These features make shopping for a home more efficient and more convenient. This streamlined process allows buyers to find properties that meet their criteria in less time, without picking up a phone or leaving the comfort of their homes.

When choosing a Realtor, be sure to ask how they will market your property. What publications will they advertise your home in and how often? On what websites will your house be featured? Will the Realtor conduct an open house? The goal of a real estate marketing plan is to attract as many prospective buyers as possible. By making use of all the advertising options available, your home will get the exposure it needs to get noticed and improve the chances it will sell.

Happy New Year

2007-01-05T13:41:00.000-05:00

I would like to wish all my friends, family, clients and associates a Happy New Year and thank you for entrusting me with your real estate business. It was a pleasure working for you in 2006 and I look forward to serving all of your real estate needs in 2007.
Regards,
Pat

Waterbury Homes for Sale

2006-11-28T20:41:00.000-05:00

NEW LISTING!
21 Amity St, Waterbury

Nothing to do but move in! 2BR ranch in quiet Bunker Hill neighborhood. Everything has been updated! New kitchen w/ceramic tile, new bathroom, refinished HW floors throughout. New roof, thermal windows and vinyl siding. Maintenance and worry free!

For more info click here

Middlebury Homes for Sale

2006-11-09T09:14:00.000-05:00

NEW LISTING!
92 Country Club Road, Middlebury $229,900

2 bedroom ranch features hardwood floors, updated
kitchen with stainless steel appliances. Open floor
plan with living room open to kitchen. Newer roof,
vinyl exterior, attached 1 car garage.

CLICK HERE for more info

Middlebury Real Estate Market Update 10/9/06

2006-10-09T22:44:00.000-04:00

There are currently 128 properties on the market, 21 of which are under contract.
It appears somewhat busier in October with more properties going under deposit. September was a little slower than expected, and I believe it was due to the huge amount of inventory.
A typical real estate deal from signatures to closing usually takes 6-8 weeks. I feel that buyers were taking a little longer to make offers due to the large selection. With the holiday season 6 weeks away, buyers are wanting to get under contract as to fit into this time frame.

As I indicated in a previous post, some of my seller clients have taken their houses off the market, and will reassess for the Spring Market.

3 Properties have CLOSED in the past week.

116 Breakneckhill Rd sold for $725,000

LOT 8 at Avalon Farms sold for $669,172

173 North St sold for $420,000

Middlebury CT Real Estate #2

2006-10-07T13:34:00.000-04:00

press the play button below to hear message!

Homes for Sale in Middlebury

2006-10-05T12:14:00.000-04:00

The following homes went on the market recently:

42 Nick Rd 3 BR ,1 BA Cape listed for $319,000

Back on the Market (Relisted)

138 Steinmann Ave 3BR, 1BA Cape listed for $269,900

Middlebury Real Estate Market Update 10/2/06

2006-10-02T19:18:00.000-04:00

There are currently 131 properties on the market in Middlebury. 23 of which are under deposit. 4 properties closed this past week.

NEW LISTINGS
405 Bioski Rd listed @ $469,900

CLOSED
98 Leonard Rd SOLD for $525,000
19 Fenn Rd SOLD for $485,000
1132 Christian Rd SOLD for $315,000
24 Atwood SOLD for $298,000

Connecticut Housing Prices

2006-09-30T10:24:00.000-04:00

The Office of Federal Housing Enterprise Oversight released 2nd Quarter statistics on average housing prices this month. The full report can be read here: "The Housing Bubble and its Implications for the Economy"

The House Price Index for Connecticut provides percentage price changes in the market, by quarter, since 1975.

These reports indicate a definite "cooling" in the market.
I think the problem locally is more about the time of year, amount of inventory, and number of buyers currently looking. Interest rates are still at around 6.5% There is not enough demand for the current supply of housing. Its simple Economics 101.

Here is a question I've been asked alot lately:
I am ready to sell my house...should I wait until the spring market or put it on now?

This is not a simple question to answer because there are many different variables involved. This question needs to be answered on a case by case basis. Some questions that need to be answered are:

What is your timeframe and motivation?
Have you found suitable housing or waiting to purchase?
Have you talked with a mortgage professional about your purchase and what you can afford?
What is the condition of your house and how does it compare to others on the market?

The Spring Market always produces the most buyers and the best chance to receive the highest price for your house...but what if interest rates increase from now until then?

I invite you to contact me for a free consultation to discuss selling your home in today's market.

Middlebury Real Estate Market Update 9/25/06

2006-09-25T21:02:00.000-04:00

There are currently 135 properties on the market in Middlebury as of today, 25 of which are under deposit. Motivated sellers continue to reduce prices in hopes of getting an offer, while owners who don't have to sell are reluctant to change.

The window of opportunity to find a buyer for your property will be closing soon. By November a majority of the buyers out there abandon their search until the early spring. Most people want to be in their new home by the holidays.

Realizing this, some of my seller clients will take their houses off the market in November and restart the process in March. If you do keep your house on the market in the winter months you will get far less showings, but the people who come to look are usually serious. Not many people browse homes in 20 degree weather and snow on the ground. So on a positive note, if you do keep your house on the market, you will attract less... but more serious buyers.

Homes for Sale in Middlebury

2006-09-22T16:43:00.000-04:00

NEW LISTING

404 Tucker Hill Rd, Middlebury listed @ $2,800,000

Homes for Sale in Middlebury

2006-09-21T11:57:00.000-04:00

NEW LISTINGS -these properties were recently put on the market:

102 Tower Rd, Middlebury which is a 3BR Colonial listed @ $429,900

541 Benson Rd, Middlebury which is a 2BR Cape listed @ 299,900

Middlebury Real Estate Market Update 9/18/06

2006-09-18T11:45:00.000-04:00

There are currently 118 properties on the market in Middlebury as of today. Out of 118, 8 are under contract.

Properties NEW to the market - week ending 9/17/06

Click on address for more info:
28 Independence Drive, Middlebury $609,900

56 Clearview Knoll, Middlebury $335,000

Properties SOLD - week of 9/10 -9/17/06

311 Whittemore Rd, Middlebury $312,000

17 Townsend Rd, Middlebury $212,000

Middlebury Market Update 8/21/06

2006-08-21T17:06:00.000-04:00

There are currently 113 properties actively on the market. 61 of these are at $500,000 or above. There are currently 32 properties under deposit as well.
With the end of the summer near and people returning from summer vacation, we expect the activity level to rise over the next several weeks... with buyers looking to move in to a new home before the holiday season.

Did you Know?
The 2 most popular weeks of the year for moving are Memorial Day week and Thanksgiving week.

Welcome to my Real Estate Blog

2006-08-18T10:12:00.000-04:00

Well...I've finally done it...I have caught up with everything since coming back from vacation in late July. One of my goals has been to start a real estate blog... as a way of informing you of the local real estate market.

I will be updating this blog with new listings as they come on the market, giving tips to buyers and sellers, current mortgage rates, and discussing issues related to the middlebury real estate market.

I hope you find the information on this site useful and invite you to contact me if I could be of assistance to you.

Regards,
Pat