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Displaying blog entries 1-6 of 6

There is No Crystal Ball in Real Estate

by Cheryl Scott-Daniels

 

There is No Crystal Ball in Real Estate

Imagine walking into the darkened conference room of your Fairfield County real estate agent's office and seeing a crystal ball in the center of the table. The agent’s hands pass quickly over the sphere. Like magic, it lights up and there, in plain sight, is the home of your dreams!

It’s time for a reality check - There is no magic to finding your next home in Fairfield County. It will take a lot of work and time by a dedicated real estate agent to locate just the right home. But how will it happen?

The first step is to share all of your thoughts and feelings with the agent you have chosen. Talk about every aspect of the home you want – the desired location, style, size, price, and more. Share every last detail of that special home as you have imagined it. This is an important step. The greatest challenge for the real estate agent is to learn to think like you – in a very short time span. By sharing your objectives, you help the agent begin a comprehensive search among the many available homes, eliminating those which don’t fit, while identifying those which do. The result can be a great selection from which to choose.

Wait, there’s more - It’s called feedback. As you begin looking at homes, be prepared to share your impressions with your REALTOR®.  Which features fit your lifestyle? Which floor plans aren’t to your liking? The process of elimination begins.

One way to narrow the search is to make a simple decision as you visit each home. Compare it with the one just before it, and chose one or the other. Then when you visit the next one, compare it to your prior choice. In that way, you are comparing only two homes at a time, and mentally choosing one.

Chances are good that when you’ve seen all potentially suitable homes, your choice will be clear. By sharing information with the real estate agent from the beginning, then providing feedback as you go, you are likely to see the right homes, at the desired price level. There is no magic involved, just a sincere effort by your real estate agent to turn your dreams into reality!

Monday Morning Market Watch

by Cheryl Scott-Daniels

 

Monday Morning Fairfield County Real Estate Market Watch

In the past week, there have been 79 single family home sales in Fairfield County reported on the Greater Fairfield County Consolidated Multiple Listing Service. The average sales price of these homes is $457,327.

244 New single family homes were listed in the past week resulting in a total of 3,247 single family homes currently for sale on the GFC CMLS.

Cheryl Scott-Daniel’s Monday Morning Fairfield County Real Estate report covers Fairfield County Real Estate market activity over the past 7 days to provide our readers with up-to-date market information they need to make an informed buying or selling decision.  

Monday Morning Market Watch

by Cheryl Scott-Daniels

Monday Morning Fairfield County Real Estate Market Watch

In the past week, 83 single family home sales were reported in Fairfield County on the Greater Fairfield County Consolidated Multiple Listing Service. The average sales price of these homes is $599,391.

271 single family homes were listed in the past week resulting in a total of 3,212 single family homes currently for sale on the GFC CMLS. This number is up slightly from last week.

Cheryl Scott-Daniel’s Monday Morning Fairfield County Real Estate report covers the Fairfield County Single Family Home market over the past 7 days to provide our readers with up-to-date market information they need to make an informed buying or selling decision.  

Uh-Oh! – Over-Improving Your Home

by Cheryl Scott-Daniels

 

Cheryl Scott-Daniels - Accredited Staging ProfessionalUh-Oh! – Over-Improving Your Home

Have you ever overdressed for a party or gathering? Perhaps you understood the expected dress to be formal. Yet, when you arrived in your best pink chiffon or conservative suite and tie, everyone else was decked out in jeans and sweaters.

If you’ve had that experience then you probably remember how everyone stared as you entered the room. You didn’t seem to fit the occasion. That can happen to homeowners too. It’s not called overdressing though – it’s called over-improving. It happens when property owners remodel or improve a home to the point where its new value far exceeds all other homes in the neighborhood.

Say you live in an area consisting of twenty year old, three bedroom, two bath, vinyl sided homes. Your family has grown, and you’re ready to expand and make improvements. You begin by adding a new wing with two additional bedrooms, a full bath room and a half bath. You change the vinyl siding to new cedar shingles, add a three car garage, and an ipe wood deck complete with hot tub. In the process, you add $300,000 in improvements to your $650,000 home. You just over-improved your home.

As long as you continue to live in the home, that is not a problem. However, when it is time to sell, you will face a major challenge – selling the house at its new cost-based value. Even though you have spent $300,000 on the improvements, buyers are not likely to see the same value.

Prospective buyers will compare the selling prices of other homes in the area and expect to pay a similar amount for yours. While they may recognize the extra features offered by your home, they are rarely willing to pay what it cost you to add them.

Before beginning a major improvement project on your home, take time to determine the impact on your home’s value. Consider buying a larger home vs. remodeling and get advice from a lender and a REALTOR®. When it is time to sell, you will be glad you did.

 

Monday Morning Market Watch

by Cheryl Scott-Daniels

Monday Morning Fairfield County Real Estate Market Watch

There has been some positive activity in the Fairfield County Single Family Home real estate market over the past week. In the past week, there have been 91 single family home sales reported on the Greater Fairfield County Consolidated Multiple Listing Service. The average sales price of these homes is $ $609,472.

207 New single family homes were listed in the past week resulting in a total of 3,108 single family homes currently for sale on the GFC CMLS. Be sure to read our blog this month as we will be discussing the do's and don'ts when getting your home ready for the market and the steps you can take to prepare for your new home search, as we head into the Spring Market.

Cheryl Scott-Daniel’s Monday Morning Fairfield County Real Estate report covers the Fairfield County Single Family Home market over the past 7 days to provide our readers with up-to-date market information they need to make an informed buying or selling decision.  

Monday Morning Market Watch

by Cheryl Scott-Daniels

Monday Morning Fairfield County Real Estate Market Watch

We are excited to announce our newest service – Cheryl’s Monday Morning Market Watch! We hope our new Monday Morning Fairfield County Real Estate report will help our readers stay informed about the activity in the Fairfield County Real Estate Market. This report will consist of a brief overview of the single family home market activity over the past 7 days.

In the past week, there have been 84 single family home sales reported on the Greater Fairfield County Consolidated Multiple Listing Service. The average sales price of these homes is $780,766.

Fairfield County Real Estate Market Watch

193 New single family homes were listed in the past week resulting in a total of 3,098 single family homes currently for sale on the GFC CMLS.

Be sure to read our blog this month as we will be discussing the do's and don'ts when getting your home ready for the market and the steps you can take to prepare for your new home search, as we head into the Spring Market.

Displaying blog entries 1-6 of 6

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Cheryl Scott-Daniels
CSD Select Homes
991 Post Rd East
Westport CT 06880
203-341-0100
203-200-0065
Fax: 866-806-6909