How to Prepare Your Candlewood Lake Home for Sale This Summer

 

Summer can be a surprisingly challenging time for home sellers of Candlewood Lake and Lake Lillinonah properties. Buyers could be out in full force. If you want to sell your property, you need to take the appropriate actions to set yourself apart.

So how can you make your home stand out this summer? Here are a few easy tips to help you find the right buyer for your property quickly.

Freshen up outdoor spaces

During the sweltering months of summer, one of the best selling points is the pool. If you have one, use it to your advantage by ensuring that the water is crystal clear and there is no debris floating on top.  If your home has a deck, patios, or an outdoor kitchen, check that it is well maintained and make any necessary repairs. These fixes can be completed without shelling out too much money and may make a large difference in the perceived value of your home.

Make sure the inside is cool and inviting

While shopping for Candlewood Lake homes, some prospective buyers might spend more time inside your home to avoid the summer heat. Take advantage of this opportunity by making your home extremely comfortable. Keep your air conditioning running because homes can easily become hot and stuffy at this time of the year. Just be careful and set the temperature right; avoid making it too cold. Making it cool enough will convince buyers to stay in your home, look around, and just head back out into the heat later. You may also provide buyers with refreshing drinks. Investing in a cold pitcher of lemonade or bottled water can make your home stand out from the rest of the competition. It can also help buyers form a positive mental picture of spending summer in your home, and perhaps increase the dollar amount of potential offers.

Fix the obvious repairs

If you are keen on getting your home sold this summer, you should start by tackling all the obvious and necessary repairs in your property. You do not want prospective buyers to get turned off by chipping paint, scuffed-up floors, and leaking gutters as they tour your home. Help them focus on your home’s positive qualities by making sure these issues are solved. You will also save time and money by eliminating needless negotiations over minor repair issues.

Depersonalize your home

Before opening your doors to buyers looking for Candlewood Lake real estate, remove personal collectibles, family heirlooms, and school pictures. Keep in mind that when selling a home, a blank slate will appeal more to potential buyers because this helps them visualize themselves in your home. You should also take down items that are polarizing. Get rid of any controversial elements such as religious or political objects.

Bring the light inside

Buyers do not appreciate a dark and drab room. They prefer bright and spacious ones. To create this airy and light feel, remove heavy drapes as they tend to make rooms appear smaller. You may also pull window blinds to the top and tape the strings underneath. You may also consider sing tiebacks to hold and open lightweight drapes.

Check out www.CandlewoodLakeHomesforSale.com for more tips on how to sell your home fast.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

Top 6 Reasons Why You Should Sell Your Candlewood Home This Summer

 

Summer brings to mind fun vacations, great bursts of leaves growing on trees, the smell of newly cut grass in the air,  and the chance to dive into the deep end of a pool. In addition to these things, summer is also a great time for real estate. In fact, more buyers are ready to close deals in the summer than any other time of the year.  As a seller, you need to get your house ready and on the market now, and take advantage of the surge in activity.

Read on for some reasons why you should take advantage of this season.

1. There is less competition

During summertime, there aren’t enough homes for sale as compared to the number of buyers looking for one. As a seller, this is great news for you. Since there are not enough homes for sale to satisfy the number of buyers, this can positively affect the price of your home.

2. There will never be a better time to move-up

Think about the reason why you decided to sell your home. After this, determine whether it is worth waiting. If you are seriously planning on purchasing a larger or more expensive home, consider doing it now before the interest rates and home prices go up. If you are on the fence about selling your home, now is the best time to seek the help of a trusted and experienced real estate agent who specializes in waterfront homes in Candlewood Lake. Your trusted real estate professional can help you weigh out your options.

3. You have more time to update your home

Summer is also a good time to focus on renovations. As a seller, you have to know which updates can increase your home’s worth. You need time to fix up your home before showing it to prospective buyers. Have you been putting off roof repairs? Does your home need a fresh coat of paint? Remember that these little things can improve the resale value of your home.

4. More people are out and about

Summers’ long sunny days spell vacation. Kids are home from school and more people are out exploring neighborhoods. This means that “For Sale” sign will be seen by more people. With the right preparations and marketing strategies, this season can be used to increase buyer traffic to your home.

5. Summer is a seller’s market

During summer, sellers have an advantage over buyers. That is because a lot of potential buyers have time off. They want to get settled before the school year opens again. Summer provides more opportunities for showings, more offers, and a better sale price for your home.

6. It is a good time to capture great photos

Great photos on your online listing can help sell your home faster. Today, most buyers begin their search online. They choose which homes they want to see based on the online photos. Take advantage of the summer season when everything is in bloom. Remember to take photos during the day so there will be plenty of natural light. You may also consider hiring a professional photographer to take the images. A professional can help get the best shots of your home and make a great first impression on buyers looking for Candlewood waterfront homes.

Check out www.CandlewoodLakeHomesforSale.com for more tips on how to sell your home fast.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

3 Best Design Ideas for Candlewood Lake Homes

 

Owning lakefront properties in Candlewood Lake is truly a privilege. Lakefront properties are very difficult to find since they are the most coveted kinds of properties. Candlewood Lake is the largest lake in Connecticut and is located in Litchfield and Fairfield counties. There are 5 affluent towns surrounding the lake. They are Danbury, Brookfield, New Fairfield, Sherman and New Milford. These towns are all strategically located to provide lakefront homes you will surely love.

Owning Candlewood Lake homes has many advantages. The lake is open all year round for you to enjoy different activities like golfing, boating and fishing. This means you can take pleasure in all these activities anytime you want. This not only saves you time from traveling, but also the energy from planning your itinerary and packing your things. Take your boat out for a spin anytime you like. If you are into fishing, just prepare your bait and your gears and you are good to go as long as the weather permits it. Life in a lakefront property is truly the best. But why not maximize your lifestyle here by renovating or adding some designs to make your life even more comfortable and welcoming?

Have an Open Atmosphere

Take pleasure in owning a property by a very beautiful lake. It is a great idea if you can add terraces outside the bedrooms. Waking up in the morning to the cool breeze and sunshine from your bedroom terrace is awesome. Start your day with positive vibes as you stare at the magnificent view of the lake. Having a patio is a good idea too. This can be an alternative place where you and your family can enjoy meals together. You can read the morning paper here or relax after a long day at work. The feeling of enjoying your coffee while watching the stars and staring at the sky in a quiet night is bliss.

Consider Natural Ventilation

Living by the lake is just amazing. You can live here away from pollution and noise. Since nothing beats fresh air, installing larger windows is a good idea. It is also advisable to make sure your furniture and fixings are not obstructing the view outside. This way, even during bad weathers, you can still appreciate the beautiful view. Decorating your home with plants offer not only visual aesthetics, but it also gives better oxygen circulation in your living space.

Go for Light and Neutral Colors

A fresh and sophisticated look is most suitable for homes for sale in Candlewood Lake. White is a symbol of simplicity, calmness and satisfaction. Painting your house white would not only make it stand out but it would also make it look posh, classy, and comfortable since white naturally carries a light atmosphere. Since white goes well with any other color, it usually goes with any furniture and fixings; thus, making decorating your home easier.

If you need help in searching for a Candlewood Lake property, do not hesitate to visit this website www.CandlewoodLakeHomesforSale.com today.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

Know These 6 Real Estate Terms before Buying a Candlewood Lake Home

 

Purchasing a Candlewood Lake and Lake Lillinonah property is a major milestone in life. For many people, buying a home is on top of their lifetime to-do-lists, and maybe their list of financial fears too. Being prepared can alleviate the fear or stress that usually goes with the home buying experience. Take control of the home buying process by familiarizing yourself with the following real estate terms:

1. Earnest Money

Earnest money refers to the deposit made to a seller which shows the buyer’s good faith in the real estate transaction. Basically, it tells the seller that you are a serious and committed buyer. Earnest money also allows the buyer additional time when seeking financing. It is typically held jointly by the seller and buyer in a trust or escrow account.

2. Credit report

A credit report is a detailed written account of an individual’s credit history. This is prepared by a credit reporting agency. Credit bureaus collect information and create credit reports based on that information. Credit reports generally include information on loans, credit cards, and other bills and accounts, as well as a record of the individual’s addresses and employers. Lenders use the credit report, along with the other details specified, to determine the loan applicant’s’ creditworthiness.

3. Adjustable rate mortgage

Adjustable rate mortgage is the opposite of fixed rate mortgage. This type of mortgage has a variable interest rate, depending on the prevailing rates as set by the country’s monetary authority. The interest rate applied on the outstanding balance varies throughout the life of the loan. Usually, the initial interest rate is fixed for a period of time, after which it resets periodically, often every year or even monthly.

4. Homeowner’s Association

Homeowner’s association is an organization composed of neighbors concerned with managing the common areas of a subdivision or a condominium complex. The association makes and enforces rules for the properties in its jurisdiction. These associations collect monthly dues and take on issues such as garden, pool, and fence maintenance, noise abatement, snow removal, parking area upkeep, repairs, and dues. The monthly dues are used to pay for upkeep of common areas like parks, tennis courts, elevators and swimming pools and can levy special assessments on homeowners when the association lacks sufficient reserves to pay for unexpected repairs.

5. Multiple Listing Service

Multiple Listing Service (MLS) refers to a computer-based service that provides real estate professionals with detailed listings of most of the homes currently on the market. The MLS allows real estate professionals to see one another’s listing of Candlewood Lake real estate for sale. Under this arrangement, both the listing and selling brokers benefit by consolidating and sharing information, and by sharing commissions.

6. Home Inspection

Before purchasing any Candlewood Lake home, one of the things you should do is to have the property checked out by a professional home inspector. The home inspection is an examination of a real estate property’s condition that is usually performed in connection with the property’s sale. The home inspector will assess the condition of a property’s roof, foundation, heating and cooling systems, plumbing, electrical work, water and sewage, and some fire and safety issues. Moreover, the inspection will look for evidence of insect, water or fire damage or any other issue that may affect the value of the property.

Know these terms today and talk to your trusted real estate professional for any clarifications you may have.  Check out www.CandlewoodLakeHomesforSale.com today to see the latest real estate listings in the area.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

Top 5 Ways to Save Energy in Your Candlewood Lake Home for Sale

 

Making your home stand out to buyers of Candlewood Lake waterfront homes for sale can be a challenging feat at times. Aside from having a charming home in an attractive location, buyers are also looking for properties that are energy efficient. They want to cut electricity bills and save money at the same time.

Here are some time-tested tips and energy-saving choices that you can do to save both money and energy:

1. Inspect appliances

Before putting your home on the market, make sure your appliances are in good condition so that they can effectively handle everything. If a particular appliance is not working well, ask the help of an appliance repair person to get it in good running order before you show your home to buyers looking for Candlewood Lake waterfront homes.  Do not forget to clean the refrigerator condenser and wipe down microwave interiors.

2. Run your fridge efficiently

One of of the most expensive appliances in your home is the fridge. Since it is always running, you have to make sure that the door seal is tight and free from gaps so that cold air will not escape. An ideal fridge temperature is 4 or 5 degrees and an ideal freezer temperature is minus 15 to minus 18 degrees Celsius. If you own a second fridge or a freezer, do not keep it running all the time. Just turn it on when you need it.

3. Save energy in the kitchen

You can save energy in the kitchen by thawing frozen food in your fridge. This will also save time. Consider using the microwave when cooking since it uses much less energy than an electric oven. If you have a stove, keep lids on your pots to cut cooking time. Remember to use the economy cycle on your dishwasher and only run it when it is already full.

4. Use energy-efficient light globes

Before you show your home to buyers looking for waterfront homes in Candlewood Lake, inspect the lightings in your home. Replace old incandescent and halogen light globes with energy efficient ones. They save power and last longer. Sometimes, they can also be replaced for free or at reduced cost.

5. Use power strips

You may not be aware of it, but your computer, television, printer, or DVD player do not completely stop using electricity when they are turned off. Even when they are not in use, they continue to draw an idle electrical current. You can save money and energy by making use of power strips. A power strip, sometimes called an extension block, is a block of electrical sockets that attaches to the end of a flexible cable allowing multiple devices to be powered from a single socket. It often includes a circuit breaker to interrupt the electric current in case of an overload or a short circuit. They also provide protection against electrical surges.

These energy saving tips will help cut down your energy costs and help you create an energy efficient home. Remember that when you save energy, you protect the environment both now and for the future.

Check out www.CandlewoodLakeHomesforSale.com today for more tips on how to sell your home fast and for the best price.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

5 Common Obstacles Every First Time Home Buyer Experiences

 

Owning a home is the heart of the American dream. It can bring a lot of joy, but there are also challenges that come with the home buying process. Before you start looking at Candlewood Lake homes, you need to gain a crystal clear understanding of the whole process. You also need to be aware of the obstacles that may come your way as you journey towards home ownership.

Take a look at the top challenges first time home buyers often encounter.

Down Payment

One of the biggest challenges that most first-time home buyers experience is coming up with enough money for down payment. Before you start shopping for lakefront properties in Candlewood Lake, make sure you are financially ready for the home buying process. Most mortgage lenders usually require first time buyers to come up with a down payment of 10 to 20 percent of the final purchase price of a home.

Employment History

Most mortgage lenders prefer to lend money to borrowers who have been working at the same employer for the last two years. This could be a problem for first-time buyers who are young professionals and are still on the process of building their careers. Some of them move from job to job at a quick pace. Fortunately, there are mortgage lenders who are more flexible on the employment issue.  If the borrower can show that he has a steady source of income to cover mortgage loan payments, lenders will overlook the short job history.

Getting financing

Another challenge faced by first-time home buyers is getting financing. Today, stricter lender regulations have tightened up the availability of funds. First-time buyers should be in better financial shape to meet the increased requirements set by lenders. It is important to have a stable work history. While you are at it, avoid making or co-signing on any major purchase until after you close on your home. If you have large recurring bills, pay them so that your debt to income ratio will increase.

Finding the right real estate agent

Another big challenge that first-time home buyers often face is finding the right real estate agent who will represent them. To make sure you pick the right one, evaluate the past performance of prospective agents. Ask them about their licensing information and their credentials. You may also talk to their recent clients and look at their current listings. It is important that they are experts in dealing with homes for sale in Candlewood Lake. Work with someone who can help you achieve success with the home buying process.

Locating a home

With the large volume of houses in the marketplace today, most first time home buyers have a hard time making a decision. Due to their lack of experience, many of them get into a merry go round of endless open houses and home tours without ever making an offer. To save time and money, make a list of your preferences. Identify true deal breakers and characteristics that you are willing to compromise on. Limit your search to neighborhoods in which you can afford a range of options.

Check out www.CandlewoodLakeHomesforSale.com today for more tips on how to sell your home fast and for the best price.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

Top 5 Home Inspection Issues You Shouldn’t Ignore

 

When looking for Candlewood Lake waterfront homes for sale, it pays to be knowledgeable about the common problems found in many properties. Remember that once you purchase the home, all the existing issues become your responsibility.

Watch out for these issues so you can adjust your offer accordingly or move on to another property that is relatively problem-free.

Roof Problems

One of the most important components of the homes is the roof. Before purchasing any waterfront homes in Candlewood Lake, make sure it has no roof problems. As a buyer, the roof is one factor you shouldn’t compromise on. A damaged or poorly maintained roof can lead to water damage. In addition to that, major roof repairs can be quite costly and should be factored in to the price of the home. However, if the home inspection reveals that the roof only has a very short life span – only a few years let, don’t expect the seller to replace it. Usually, sellers do not replace a roof before the issues arise.

Handrails

Although this may seem like a minor concern, functional handrails are necessary on staircases and along balconies for safety. Before buying the home, test all the handrails and make sure that all appropriate areas have handrails. This is especially important if the home has an elevated deck. Problematic handrails can cause dreadful accidents. This could be avoided by having all the handrails thoroughly inspected.

Structural Issues

The foundation of the home is the most important part that makes it structurally sound. Before you purchase any Candlewood waterfront homes, make sure that the foundation is in good shape. If you have a difficult time opening and closing the doors properly or if you see cracks along the exterior of the home don’t follow the mortar, it could indicate a structural settling in the house. Remember that the bigger, more pronounced the crack, the bigger the problem. In addition to that, issues concerning the foundation of the home can be costly to fix.

Rotten Wood

Some of the most common areas where you are likely to find rotten wood in a home are on the window sills. However, don’t forget to also check around the base of the home, the roof, and anywhere else where moisture may have been an issue. Remember that even modern, pressure-treated wood will break down when exposed to the elements for a time.

Inoperable windows

Another common problem found during an inspection are windows that do not function properly. Every window should be checked. Broken sash cords are also common in older homes that did not have any window upgrade. A broken sash cord can lead to a dysfunctional window. There are also instances when old windows have been painted shut making them inoperable.

Consider these issues before committing to a home. Remember that a home purchase is the biggest investment of your life. Check out www.CandlewoodLakeHomesforSale.com today to see the latest properties for sale in the area.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

How to Generate Buyer Interest to Your Candlewood Lake Lakefront Home

 

Buyers looking for Candlewood Lake and Lake Lillinonah properties are not only focused on the price of a property. They are also interested in the unique features of the home that will meet their lifestyle requirements. While price plays a key role in ensuring a successful sale, there are other things that you can do to generate more buyer interest.

Read on for some tips that can make your house stand out and ensure that you attract the interest of potential buyers.

1. Make the necessary repairs

If you don’t want to turn off buyers who are looking for a Candlewood Lake home, take care of the necessary repairs and upgrades before listing your home. Scratches and dents can send buyers out your door. Fix any leaking faucets, broken window panes, doors, toilets, and anything else that is not in the right condition. While you are at it, you may also give your walls a fresh lick of paint, and repair any furniture that you are planning to include in the sale. Avoid last minute jobs that can be too costly by starting in advance.

2. Make sure your home is in a “move in” condition

As a seller, you have to keep in mind that potential buyers looking for Candlewood Lake homes prefer a property where they can move in immediately. As such, you need to de-personalize the various rooms as much as possible. Remove all family photos, personal items, and other unnecessary stuff that will prevent the buyer from visualizing living in their future home.

3. Be clear in your ad

Misleading buyers with wrong information is one of the most serious mistakes that a seller can make. Remember that being too pompous in the words used in advertising your home will only serve the purpose of disappointing people when viewing time comes. Although this style may attract buyers, it will only work in the initial stage of the process. Instead, you should work on highlighting your home’s unique selling point. You can also provide buyers with locations of nearby schools, amenities, and transportation links.

4. Make your home an easy show

Make sure to have a key available for your real estate agent, which will allow them access to the home at times when you are not there or when you are unavailable. Avoid being too restrictive on viewing time. Remember that the more time that your agent shows the home, a larger number of buyers can see the property.

5. Add incentives

When putting up your home for sale, think about what you can offer a buyer that other sellers won’t. Remember that adding some incentives can make the sale more interesting and generate the interest of potential buyers. Sweeten the deal by including new flooring, furniture, kitchen appliances, bathtubs, artworks, and other items that have been custom-made for the home.

When selling your home, make sure that you are ready and willing to go the extra mile. Remember that creativity is the key to attracting potential buyers in today’s tough and competitive real estate market.

Check out www.CandlewoodLakeHomesforSale.com today for more tips on how to sell your home fast and for the best price.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Warmaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

 

5 Mistakes Buyers Make When Searching for Candlewood Lakefront Homes

 

Purchasing a Candlewood Lake home is probably the most expensive financial decision you will make. Most of the time, it is easier to make decisions based on emotions during the home buying process. However, one must learn how make an informed decision based on their needs, lifestyle, and finances.

Read on to make sure you don’t end up with buyer’s remorse over a home that you may regret buying later on:

1. Overlooking electrical issues

When shopping for lakefront properties in Candlewood Lake, make sure to check the home’s electrical system. This is very important because faulty wiring can spark a fire and burn down your biggest investment. Usually, older homes have severely outdated electrical systems which need to be completely rewired and this can cost several thousands of dollars. Even if the home is relatively new, you still have to check the electrical systems. Remember that amateur wiring is as dangerous as outdated wiring.

2. Letting price be a deterrent

Don’t walk away from a home just because it seems way overpriced or falls just outside your price range. If you are really convinced it is your dream home, it can’t hurt to make an offer. You can never tell when you will get lucky and convince the owner to reduce the price to an amount you can afford. However, don’t get your hopes too high, especially if you are throwing a lowball offer on a house that is clearly worth a lot more.

3. Playing handyman

Another common mistake buyers make is playing the role of a handyman. Avoid buying a fixer-upper that might be more than you can handle in terms of time, money, or ability. Keep in mind that repairs and upgrades can sometimes be expensive, especially once you realize you can’t get it done by yourself. To avoid problems, evaluate your ability, your budget, and determine how soon you need to move before buying a home that isn’t move in ready.

4. Waiting too long

In real estate, it can be challenging to make a careful decision with the right timing. Buyers may sometimes wait too long and end up losing the property because someone has already made an offer. Remember that if you don’t pull the trigger, somebody else might. If you are ready to make an offer, go ahead and submit it to the seller.

5. Offering too much

Sometimes buyers find themselves in a bidding war, especially if there is a lot of competition in the market. However, you must avoid making the mistake of offering way too much as this could lead to several problems. If the house doesn’t appraise at or above the amount you offer, the bank will not give you a loan unless the seller reduces the price or you pay for the cash difference. You might also find yourself upside down on the mortgage or unable to sell if market conditions become worse than when you purchased. To avoid these scenarios, make sure the purchase price of the home you will buy is reasonable in terms of features and location. Examine comparable homes for sale in Candlewood Lake and get your agent’s advice before making an offer.

Check out http://www.CandlewoodLakeHomesforSale.com today for more house hunting tips and suggestions.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.

Why Overpricing Your Lakefront Home in Candlewood Is a Bad Idea

 

An incorrectly priced home can deter buyers who are looking for Candlewood Lake and Lake Lillinonah properties. Overpricing your home can backfire and leave you with a stale listing.

Here are other reasons why overpricing your Candlewood Lake home for sale is a bad idea:

Your home will stay on the market longer

Candlewood Lake homes that are priced too high will usually take much longer to sell. Experts agree that the longer a home sits on the market, the less valuable it becomes from the perspective of home buyers. Prospective buyers will not get excited about a home that has stayed on the market for months on end and will give them the impression that there is a problem with the home and will prompt them to submit a lowball offer.

You will lose potential inquiries and showings

Sometimes, prospective buyers learn information about a home through signs, flyers, and other forms of advertisement.   When they learn that your home is overpriced, they will no longer inquire about it. They will not be interested to ask for showings. Buyers will most likely drop a home from their list immediately when they feel is overpriced. Put yourself in the buyer’s shoes. If you see a home that is overpriced, you probably will keep on looking until you find a home with a better value.

You get lower proceeds

Sellers who overprice their homes mostly end up selling them for much less in the long run, as compared to sellers who have priced their property right from the beginning. In addition to that, homes that are priced right get sold more quickly, thus reducing expensive holding costs.

You will experience branding problems

When a new home hits the market, buyers’ agents quickly check out the property to see if it is a good fit for their clients who are looking for Candlewood Lake real estate. It may be hard to reignite an agent’s interest if your home has already been branded as overpriced. What’s worse is agents will remove your property from their inventory of homes to show.

You will have problems with the appraisal

Even if you do find a buyer who is willing to pay, overpricing your home can lead to some other problems along the way. Majority of buyers today require some kind of financing to purchase real estate. Financial institutions require a property appraisal from a certified appraiser before approving a mortgage application. These institutions want to ensure that they are not lending money for a home that has a selling price which is too high than its current market value. If you overprice your home, the sale might fall apart at this stage.

Avoid overpricing your home by hiring an experienced real estate agent who can help you come up with the best price of your home based on its current market value and you will be well on your way to getting your property sold. Check out http://www.CandlewoodLakeHomesforSale.com today for more home selling tips and suggestions.

If you want to work with a real estate professional who can assist you in buying or selling Candlewood Lake, Lake Lillinonah homes, Lake Waramaug and Lake Zoar real estate, call me, Deborah Laemmerhirt, at 203-994-4297. I have the knowledge, expertise, and tools to help you close that deal.