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Home Selling in Danbury : Real Estate Advice

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  • Local Info16
  • Home Buying35
  • Home Selling1
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Activity 9
Thu May 19, 2016
Mary asked:
Thu Nov 12, 2015
Terry Dunkle asked:
The photo and most of the facts about this house are incorrect. They describe 5 Kilian Drive, not 7 Kilian Drive. I own 7 Kilian Drive and have noticed that Google Maps also confuses 5 Kilian…
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Wed Sep 16, 2015
Kim Ljungquist answered:
http://www.danburycthouses.com/

Feel free to contact me for a free market analysis of your home.
0 votes 6 answers Share Flag
Wed Sep 16, 2015
Kim Ljungquist answered:
Currently average time selling of a home is taking three months.
0 votes 8 answers Share Flag
Sat Nov 5, 2011
John & Joni Melloan Team answered:
There can be an advantage to reducing the price instead of offering sales concessions. It depends upon the activity of appraisers in your market at any given time. If the trend is for low...below sales price appraisals...you could end up allowing a buyer X amount of closing costs and then the appraisal comes in lower and you are still forced to reduce the price to meet the appraisal. It really depends on your motivation for selling, the buyers motivation for needing the closing costs and the current appraisal trends. ... more
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Mon Feb 7, 2011
Ray Poppe answered:
Ed, You should be getting emails from Trulia letting you know that your listings are expiring and that you can renew them. Lookout for those emails and this will prevent your listings from disappearing on Trulia.
Ray
... more
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Tue Apr 27, 2010
Don Tepper answered:
I can't speak to your area specifically, but the answer really depends on how low you price it. For example, a Realtor can tell you average days on market for properties. That assumes the home is priced close to its comps, and that it shows well. In many areas of the country, that's anywhere from 45 to 90 days. However, days on market also tends to vary based on type of property (condo, townhouse, single family) and on the price range--with lower and moderate priced homes typically selling more quickly than large, luxury homes.

As you reduce your price below the comps, the house likely will sell faster. An investor, for example, would be in a position to buy your home in perhaps 15 days if you priced it at 65% of comps minus rehab costs. I'm not suggesting you do that, but that helps establish a range. Frankly, if your agent put it on the MLS at 65% of comps, I'd expect you'd have a contract in a week or less.

So your range is really anywhere from, say, 3 days up to whatever average days on market is for you--perhaps 60 days. The lower you go, the faster it'll sell.

Again, hopefully a Realtor familiar with Danbury will weigh in on average days on market.

Good luck.
... more
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