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Problems with getting buyers for homes in winter, CT ?

Wanting to sell Condo in CT.
Are the winter months a deterent ?

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November 20 2012 - US
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Answers (4)

Yes, the winter months are a deterrent.  It is not just the weather, Thanksgiving to Christmas is consumed with holiday spending then January and February.
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November 30 2012
Hello,

The same concept holds true for single family homes as condos. It's a given that prices and interest rates are low. So that has it come down to inventory and buyer selection. Right now there are around 80 homes for sale in Seymour. 26 are under contract and 90 have sold year to date. That means there's still a high inventory for buyers to choose from. If you list your home competitively, then you should do well during the winter. In the Spring, it could be argued that you'll be competing against a higher number of fresh listings and you might not fair as well.

Thank you,
Joe
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November 20 2012
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Joe, How about single family homes in Seymour? Good time to list?
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November 20 2012
Since the real estate market deflated, we're seen a moderate change in the typical "off season" for real estate. I'd like to think of it as Real Estate global warming but I think it's a much less complex answer. Rather than buyers thinking of the market in terms of seasons, they look at 3 important items: 1. Prices, 2. Interest Rates, 3. Inventory. If the price is right, the interest rates are so low that it makes the cost of ownership even lower, and there is a good selection for the buyer to choose from and they don't feel pressured into purchasing something they don't like, then no the winter months probably won't deter a buyer from purchasing your condo. Where about is it in CT? I can let you know if there's anything else in your complex for sale that you would be competing against.

Joe
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November 20 2012
 
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