Danbury Real Estate Blog

How Are Condos Prices Set in Danbury,CT

April 22nd, 2020 4:25 PM by Jonathan Hall

Each individual condo owner decides what their home is worth for the market. They get this information from a number of sources. They consider what they purchased the home for, any costs for renovations or improvements, their cost for selling their home, what their mortgage payoff is among other factors. Your Danbury,CT home seller also is generally advised on the overall market in town, their neighborhood as well as overall price catergory. They see what their neighbors have listed and sold their homes for and should be pretty knowledgeable on how their home compares with the others. When a seller is considering moving on, it is important to take in all of the factors and more. Owners should be realistic for the market, as not to overprice so the property lingers on the Danbury,CT townhome market but also not priced too low so they could be leaving equity behind. In my exprience, I don't think most sellers would be pricing their home too low in order to get a bidding war.

As a knowledge real estate expert serving the Greater Danbury Connecticut area since 2006, Jonathan Hall with William Pitt Sotheby's International Realty knows the market well to help both prospective home sellers and buyers.  It can be difficult to understand the market if you haven't moved in a while or have not monitored recent actvity. Feel free tor reach out to him to discuss your possible condo purchase or sale. Call 203-417-0523 or send an jhall@wpsir.com  He looks forwards to hearing from you. 
Posted in:General
Posted by Jonathan Hall on April 22nd, 2020 4:25 PM


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