Milford is a very diverse town. You have not provided enough information, like address, listing number, single family , etc. Being that you have asked this question I would recommend you hire a REALTOR, to show you properties that will fit your budget, and needs. It does not cost you anything. Probably not what you want to hear, but they are the professionals and know each area of Milford and the price point.
If you need a referral let me know, my team in Milford can help you in your search.... more
It is unclear when the market will hit bottom, when it will turn, and how long it will take to reach current values when it does. If you wait 4-7 years, your home may still be worth the same amount it is worth today, and you will have lost the use of the money raised from the sale of the home. It also prolongs your financial involvement with your ex-spouse. If you need to sell your home due to an upcoming divorce, I'd suggest getting it listed for sale as soon as possible, before the spring market rush.
Depending on the location of your home, it may be more desirable to hold onto the property and rent it. There are few 4-bedroom homes for rent in Milford, and a rental of this size could command a good amount of money. This would also allow you time to settle up your estate. But if you and your ex are ready to sell, I would not hesitate to put your home on the market. Many things can happen in 4-7 years time, and you can only accurately predict what a home is worth today.
Please contact me with any other questions. I'm a full time agent on the CT Shoreline and have experience with estate & forced sales.
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