Ed's Chesprocott Region Blog

When is the Best Time to Put a Home on the Market in Prospect CT

When is the Best Time to Put a Home on the Market in Prospect CT

This is a question that is asked constantly, not only here in Prospect CT, but all over the state and country as home owners look to get their home listed to sell and want to be on the front end of the sales curve. Regretfully, there is not a single specific date that could be considered the kick-off date for sellers to list. Homes are put into the system to sell almost every day of the year with few exceptions. 

There are very few situations that are so similar as to warrant a special time to list their homes to sell. People needing to re-locate need to list so as to move on with their careers. Couples needing to accommodate a growing family, or even the return of once gone family members or even elderly parents; distressed home owners needing to sell their homes as a short sale; probate or marital changes for a family, and the list goes on.

If a seller has time to plan, then there are several factors that should be considered before they put their Prospect CT home on the market. Is the home in a condition that would show to the seller's best advantage? Do they know what the range of value of their house is for the market? Have they considered where they are going once the home is sold?

From a real estate standpoint, the season for closings in Prospect CT is always the months of July and August. As most homes in town are a minimum of 3 bedrooms, and the town is predominately a residential community, people would use the school calendar as the basis for a move.  Not wanting to disturb the school year for their children, people would seek to close on a home in mid-summer so as to take advantage of the months to relocate and have their children settled into their neighborhoods before the beginning of the school year.

Back this off to the typical marketing time it might take to sell a home, based on inventory, and the mortgage process of a buyer, the minimum time would be considered 60 to 90 days, which backs the calendar back to April and May as the ideal times to list to get that jump.

Now, if the house is in perfect condition to hit the market, this timeframe is ideal. But what if it isn't? Time needs to be factored in to allow for repairs that may have been put off but would impact the marketability of the home to ensure getting maximum value. Some of the repairs may be weather sensitive, such as roofing or painting and this would delay the house going on to the market.

This takes us back to the initial question of when is the right time to put a home on the market. If the time allows, then at least 6 months prior to going live, a real estate professional should be consulted to discuss the home, pricing, and the best way to prepare the home to sell.  The expertise of the agent, would first give a range of value for the home with discussions as to how that range can be bettered to make the home stand out.  If the owners have been in the house for a while, it might be to their advantage to bring in an independent inspector to do a pre-listing inspection of the home.

 As an inspector would not be looking to get work other than the inspection, their evaluation of the mechanical and structural components of the house are without any interest other than condition. Many owners would be as surprised to hear of issues as would the buyer when they did a pre-purchase inspection. Repairs done with time allowance are always done well and cheaper. After all, a buyer is still looking to get an advantage for themselves and often times an item that might cost $100 to repair, is a $1,000 issue for a buyer.

 

Also, the trained eye of a home stager can make recommendations on the overall decor and colors of the inside of the house some of which are relatively simple to perform and their results would make a room stand out to show its best features. The ultimate goal is to make the home as appealing as possible to a buyer and have them look at the house as one that they would simply move into and do a minimum of work especially when their dollars are tight.

So when is the right time to put that Prospect CT Home on the market?  That's the question  can answer with a positive once we sit down to view the house and discuss your needs. That can happen shortly after I receive your call to me and we start the process.

I'm easy to reach at Cell: 203-206-0754;   Office:  203-758-6440 or email at easilva48@comcast.net.    Make the contact and we will get you going soon.

If you are looking to buy, I can help you with that as well.  Click the home search sign and we can get started right away .

 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,  www.edwardsilva.com  203-206-0754

Comment balloon 8 commentsEd Silva • April 02 2016 12:31PM
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