William's Places: Not Following the Competition...

Not Following the Competition...

Not Following The Competition...


In today's market, making the decision to sell your home can be a difficult one. Once you have decided to sell, the best decision you can possibly make is to list your home with a reputable realtor whom you already know and trust, or one who demonstrates competence and knowledge of your local market trends so that they can best market your property.


One thing that I have come across with many sellers who had their houses on the market for some time is "I want to wait until spring to relist...". It is a common refrain from many sellers who are weary of the cycle of listing their homes, only to have them sit for 6 months and see relatively little activity and no serious offers.


Only thing is, almost every seller who is seriously considering relisting their house is thinking the exact same thing: wait until spring, more buyers will be available to see the house, etc. By doing what everyone else is doing, you've just ensured that your house will be one among many that will flood the market at the same time, thus decreasing the chances that it will be your house that gets sold.


Unless you have home improvement projects underway that will seriously add value to your home, then delaying the listing of your home may not work in your favor. Projects such as adding/updating a bathroom, updating the kitchen, finishing the basement, adding a garage, etc. are serious enough undertakings to not be interrupted by buyers coming by to see your house. Your projects should be completed before relisting.


If you do not have any projects planned, and do not intend on starting any, then you give yourself at least two important advantages in listing your house today over those who wait until spring without having a serious reason (besides unreadiness) to do so: you house will have more market exposure, and you will have relatively less competition to deal with.


What does that mean? Simply put, your house will be the one that sells because you are one of a few to be considered, as opposed to one out of a dozen or more.


Lead your competition - the other sellers - by being the first to list your house. Don't follow the competition!




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Courtesy of William James Walton, Sr. , Realtor, WEICHERT, REALTORS® - Briotti Group

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown, Thomaston and Plymouth)


Call William James Walton, Sr. Real Estate Agent with WEICHERT, REALTORS® - Briotti Group (203) 558-7463 for help with your real estate needs -buying or selling -  in Waterbury, Watertown, Wolcott, Middlebury, Southbury, Prospect, Naugatuck, Plymouth and Thomaston

Buyers - Search for Greater Waterbury, CT Area Homes For Sale

Sellers - Request a Free Home Evaluation, Look at Recent Home Sales

Comment balloon 2 commentsWilliam James Walton Sr. • January 31 2011 12:55PM


Great advise.  I use MLS snap shots from the previous spring and then show the the comparisons of listings in the fall and winter.  I tell them that real estate season is in high gear in the spring so they should beat the rush and list earlier. 

Posted by Vanessa V. Simmons, Realtor (Real Living HER) over 11 years ago

Vanessa - Thanks for the confirmation. I have tried to convince many propective clients that listing ahead of time is the best course of action to take.

Posted by William James Walton Sr., Greater Waterbury Real Estate (WEICHERT, REALTORS® - Briotti Group) over 11 years ago