Danbury Real Estate Blog

The city of Danbury has a large number of condominiums for it’s size. Geared for buyers geared seeking a low maintenance lifestyle, condos are a popular choice. Some of the more well known communities are located along the western Route 6 , Mill Plain Road corridior. This area is centrally located near the New York border, with a ton of shopping,restaurants and the Danbury Fair Mall. The Brewster,NY train station is 10 minutes away, and there are several commuter lots that offer shuttle service. The area is near exit 2 of I-84, with I-684 appropriately 8 minutes driving time.

About Westwood Village,Danbury CT
Westwood Village is a large well maintained condo complex located at 55 Mill Plain Road in Danbury. The community of 294 ranch and townhouse style units offers modern floor plans and designed careful around the natural surroundings. The community offers reasonable common charges, yet great on site recreational opportunities. It’s a great spot to run errands from, with 2 grocery stores, a pharamcy, a couple of pharmacy’s, dryer cleaners and more within a 3 minutes of the neighborhood entrance.

Westwood Village – Recent Real Estate Activity:

Up to the middle of 2008, Danbury seemed to be immune for the economic slowdown and housing crisis. Danbury historically does better than most of the country due to proximity to NYC, major secondary employment markets near by, large economic base in Danbury and affordability compared to lower Fairfield County and Westchester County,NY. But in this market, there is a correction. 1 bedroom units prices have declined about 15% since 2007, which is about typical for the entire marketplace. Prices of 2 bedroom units have fallen dramatically about 29% since 2007. Three bedroom units have only experienced a slight decline, due to lack available inventory of 3 bedroom units in the development.

*Westwood Village offers different floor plans 1 and 2 bedroom units offering different amount of spaces. Sometimes if a couple smaller ones sell, it has a much larger negative effect on the prices. For further detailed sales information, please contact me.

Sellers have to be realistic in pricing their unit in hopes of getting it sold, but this is a great time to become a homeowner. Not only are prices favorable, interest rates are Buyers should be get on the train because this combination might not come back for a very long time. Most of time, with rents rising, you can be homeowner for almost much money as you would be paying in rent on top of getting all the benefits of owning a home.

Believe me, it is no fun for me to sell sellers that their property needs to reduced. if no one is looking at your home or if there are homes with more features in a similar location, and you need to sell your home, you need to drop your price. No amount of marketing can account for a product that is being sold above market value.The price would appeal to new buyers and show them at your are serious about selling your home.

I do not take joy selling that your largest investment is not worth how much we thought it was a few weeks ago. I work hard studying what is on the market, what is selling and what is sold.  It is my job to inform you of market conditions and activity. If your price is above market value, your home will help sell other peoples homes and you will be tailgating the market.

I do get worked up and nervous to explain that your home is too high. It’s it stressful to explain the situation. I feel really bad having to deliver the news.I drive myself crazy on how to deliver the news, but I have to tell you. 

However, I do have an obligation to tell you what you need or should do in order to get your home sold. so that you can move on. At the end of the day, it is your decision whether you can going to stay or you are going to sell.

There are many reasons you  could need to sell your home.  Situations that happen include:

-Need more space
-Looking to downsize
-Move closer to work
-Change school district
-Can no longer maintain home & want to rent.
-Health Issues
-Divorce
-Marriage
-Promotion
-Loss of job
-Death
-Transferring out of the region because your job or to be near family members.
-Retire out of the area
-Want to take the equity out of your house and keep it in the bank.
-If you have a home up here as a vacation home, and you rarely come to visit and don’t want the responsibility of any upkeep or maintenance issues.
-Change in the neighborhood
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If you fit any of these reasons or know anyone that does in the Greater Danbury area of CT, I can can help you sell your home so that you can move on. I offer a personalized service which includes confidential market analysis & marketing plan, punch list of repair/upgrade items based on the market, referral to professional services such as attorney,contractors,movers, real estate professional outside of the Danbury and assistance finding a new home.  You will hear from me on a regular basis with any showings and market trends so you are aware on what is going on.  I do have experience in all of these situations, and you will receive professional service at all times.

My firm has had much success in the Danbury area.  We have sold the most listings in the area and has the shortest average days on the market.  William Pitt Sotheby’s International has been successful for the last 60 years in over Fairfield County,CT.  We are the largest affiliate of Sotheby’s in the world, which has offices over 40 countries and has a relationship with the world renowned Sotheby’s Auction House.  I do have a invested personal interest to get your home sold, because I want genuinely want to help you out.

If you are interesting in selling your home, I would love to meet with you. Please give a me a call at 203-417-0523 or please contact me through my website.

There are many good reasons with landlords should use an agent to rent out their property.

-I will make any suggestions for any fixes or improvements to do on your property before listing
-I will go over recent rental activity in your neighborhood to help you determine proper pricing. Proper pricing is just as important in renting your home as it is when it is time to sell. The longer your property is empty, it is costing you money.
-I will take numerous high quality photographs to be used in the marketing of your property and write custom ad copy that features the benefits on your property.
-I advertise properties for rent pretty similar to the way I handle homes for sale.  Your property will be advertised on Realtor.Com, the MLS, WPSIR.com, Lisingbook, Trulia.Com, Zillow.Com among others. This comprehensive marketing strategy gets you a renter in a timely manner.
-I will arrange for showings for your property from perspective tenants that see the property advertised and from other agents that have clients looking for properties to rent.
-Ability of qualify tenants  that have made an offer on your property by checking their credit, renting history, employment and personal references.
-Advise you on all offers.
-I can prepare a standard lease with you. When it is time to get in signed & collect the funds, I will arrange for you to meet with the tenant & then get everything signed.

If you are interested in renting your apartment, condo or investment home out, please contact me, Jonathan Hall with William Pitt Sotheby’s International Realty, at 203-417-0523.

When I am showing properties to buyers, the first thing that they ask me is how many days the house is the on the market for. Often times, they are wondering why the house is still on the market. A number of things are determine how long a home is on the market for. 
-The house could have a previous deal fall through because of mortgage issues, inspection items, buyers couldn’t their home required to purchase this home or any other of issues.
-The seller could have had previous offers that were not accepted.
- The home doesn’t show well due to clutter, deferred maintenance, a smell or any other potentially negative thing with the house.
-The home is difficult to show.
-The listing is not being marketed properly.
-Difficult property for potential buyers to obtain financing on.
-Property is being marketed at above market value by owners that won’t reduce their listing price.
-Oversupply of inventory

In the Danbury area, the average days for homes currently on the market is about 120 days. I won’t be afraid to look at look at any homes that are on the market for more than 6 months. I have shown great homes in the last couple of weeks that have been on the market for more than 6 months that have me confused why the house hasn’t been sold yet that are priced right and show well. Sometimes it’s just a matter of waiting for the right buyer to come along.

The only way to find out what is ‘wrong’ with the house is to look at it. If you were further interested in the home, we would determine what fair market value is and look over the property disclosures. On top of that, to protect you, your offer would be subject to contingencies such as inspections,appraisal and obtaining financing, so in case something comes up you will be protected.