If you’re looking to buy a luxury home Stony Creek Branford CT is a highly desirable neighborhood that sits along the very scenic Route 146 located about 10 minutes southeast of the Branford Town Center down Stony Creek Road to Thimble Island Road. Many homes are a short stroll to the beach, park and the village which is at the heart of Stony Creek. Locals here enjoy swimming, kayaking, jet skiing, boating or sailing.
Stony Creek Branford CT Moving-Up to a Luxury Home? Now’s the Time!
If your house no longer fits your needs and you are planning on buying a Stony Creek luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.
The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer which can eventually lead to a price change.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call your house their new home.
The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.
But not all who are buying luxury properties have a home to sell first.
In a Washington Post article, Daryl Judy, an associate broker with Washington Fine Properties, gave some insight into what many millennials are choosing to do:
“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”
The best time to sell anything is when demand is high and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.
If you would like more information or have any questions about Stony Creek Branford CT, the schools or other neighborhoods in Branford, don’t hesitate to call on us at 203-645-7467 We will be happy to help you.
Or send an email to: info@LivingInGreaterNewHaven.com
Thinking of selling your home? If you’re considering making a move now or in the near future it’s important to get an estimate of the value of your home to determine what your home may sell for in today’s real estate market. Call Donna at (203) 645-7467 if you’re interested in knowing what your home is worth in today’s real estate market or so we can discuss your housing needs.
I look forward to talking to you and assisting with your real estate needs.