We buy houses in Waterbury Connecticut and we pride ourselves on what we do. As expert homebuyers in Waterbury CT, we get asked about the state of the real estate market. The answer isn’t as simple as yes or no. Throughout this article, we’ll discuss the state of the market for buyers in Waterbury.
What Is The State Of The Market For Buyers In Waterbury CT?
First off, it really depends on the Waterbury property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers Are Often Looking For The Same Thing In Waterbury
Good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But For CT Condos And Townhouses
Especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Waterbury, but seem to be rebounding as the rental market increases.
Investment Properties Are In Demand In Connecticut
The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Waterbury market in unique ways. Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing Is Still A Major Obstacle For Waterbury Home Buyers
Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sell My House In Waterbury CT
Sound Confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy that is still taking place, and the markets are moving fast in lots of directions at once. We’re investing in Waterbury, Connecticut because we believe in the community and the people here.
If you need to sell your house in CT area, we can help you. We at House Offers Quick offers cash for houses in Waterbury CT and we will make the process simple so you can quickly sell a property.