Local real estate agents says try these inexpensive tips to spruce up your home and sell fast
Kim Tromba is the owner and agent of Fix and Fashion and she says home prices continue to go up in the state because there still isn't enough inventory.
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27ds agoThe housing market is still hot in Connecticut and homeowners are looking to sell fast.
Kim Tromba is the owner and agent of Fix and Fashion and she says home prices continue to go up in the state because there still isn't enough inventory.
Caleb Silver of Investopedia broke down the numbers across the entire state.
In Fairfield County, homes are up by nearly 4.5% and in Litchfield County and New Haven County both are up by over 5%. Hartford County is up the most by 6%.
Home prices are up and so are mortgage rates with the average 30-year fixed mortgage in Connecticut around 6.8% -- that is higher than the entire country.
Tromba says there is no sign of the housing market slowing down.
"The amount of buyers coming out to purchase right now is unprecedented there is not enough of inventory to support the buyers and it seems to be affecting all price ranges"
As a buyer, Tromba says you have very little control in the price you pay in this market. But if you are selling a home before you buy, she says there is a place where you can get some extra cash in your pocket.
Tromba says homes that are turnkey - like move-in ready - are selling for a premium -- some even up to 15% over asking.
What are some cheap ways to spruce up the space?
Tromba suggests refreshing the kitchen and painting as inexpensive ways for a quick remodel.
She also suggests decorating modestly for home staging and that less is more because it leaves a clean impression on a potential buyer.
Tromba says first impressions really count and to focus on the home's entrance, remove family photos and make your space tidy and neat with an almost showroom feel.
And before you put even a dime into your home there is something you should always do first:
"Looking at the street history is really important to make sure that you're not the most expensive house on the street. Contact your professional realtor to make sure you are making the right improvements so you'll get a return on your investment," Tromba says.
