Bridgeport is a growing historical seaport city. It is approximately 60 miles from Manhattan which translates to about a 2-hour drive. That being said, New York City continues to grow in population and more people are starting to look into moving to nearby cities that are more affordable. This is great news for home-sellers in Bridgeport, Ct. who find themselves asking, “How do I sell my house fast in Bridgeport, Connecticut?”
According to Zillow, the median home value in Bridgeport is $184,100. As of last year, Bridgeport home values have gone up 7.7% according to Zillow. This is excellent news for home-sellers as the market is hotter than last year’s report.
The huge increase in home values only makes sense as more people are moving out of NYC to smaller cities/counties to avoid the high cost of living in NYC. Although Bridgeport is not necessarily known to be on the lower cost of living, it is more affordable in comparison to living in NYC.
With how close Bridgeport is to NYC and people are relocating to more affordable cities/counties, the job market is growing and construction is booming in Bridgeport. This means that the Bridgeport housing market is assured to take off.
With the housing assured to take off, no doubt that many home-sellers are jumping into the market to gain profit from the high demand for properties.
This also means a lot of investors are going to jump in the market as well which is more great news for home-sellers.
According to Zillow, Bridgeport house value is forecasted to increase by 4.1% within the next year. This is not only good news for investors, but even better news for home-sellers to jump in the market. Although Bridgeport is hot right now in the housing market, there are still steps to take to make the most profit from selling your house. Here is our guide for selling your house fast in Bridgeport, Ct.
Housing Market Forecast for Bridgeport, Ct.
The Bridgeport housing market forecast for the 3 years ending with the 3rd Quarter of 2021 is also positive. The accuracy of the Bridgeport housing market trend prediction is 74%.
Accordingly, LittleBigHomes.com estimates that the probability for rising home prices in Bridgeport, Connecticut is 74% during this period. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
The median sales price for homes in Bridgeport for March 6 to June 5 was $175,000 based on 170 home sales. The average price per square foot for Bridgeport was $133, an increase of 11% compared to the same period last year. This means the opportunity for home-sellers continues to grow this year.
Three Steps To Help Sell Homes Fast In Bridgeport, Connecticut
Although Bridgeport, CT is in the hot waters right now in the market, it doesn’t mean you shouldn’t take the extra step to maximize your home value. Here are some key steps to guide you and optimize the return on your property.
Make Repairs (Within Reason)
Take a good look at your property and make a list of repairs that you need to offer a higher asking price. Buyers are always looking for flaws in a house believing that they are potentially overpaying for it. One of the best ways to invest in repairs without being too costly is a new paint job. So take the time to look around and take notes on how to improve the value of your property.
2. Price It Right From The Start
If you have your property listed on the market for a long period, buyers will generally offer a lower price in hoping you would be desperate enough to take the deal. It is always good to do a little research about your property and the location to price your home correctly without needing to sell it for less.
3. Sweat The Small Stuff
Clean Carpet, bright rooms, lawn cut, bushes trimmed, and clean home, in general, go a long way to make that sale. Buying a house is not a cheap investment. And a lot of homebuyers, whether it’s an investor or a family, will pay attention to details on how the furniture is arranged, lite the rooms are, etc. So get some gloves and tidy up.
Watch out For “Unethical” House Buyers and Discounted Brokers
The relatively low median home value and prices in Bridgeport make it a prime real estate opportunity for outside investors. For how close it is to New York City makes it ideal for property hunters outside the state.
This means that the market is hot and a great time to sell your home fast. The keyword here is fast. Some “unethical” homebuyers will take advantage of the market and make promises of selling your home fast for dirt-cheap prices. Bridgeport’s house market is known in the past for having houses up on the market for an extended period. So do not be tempted to take a quick offer for a dirt-cheap price as the market is currently hot.
Home-sellers should be aware of companies that promise to sell a house fast for a low offer. There are many Cash Buyers (Opportunity Investors) out there that will help you get the most out of your home in the current market, but be aware that there are some “unethical” Cash Buyers that will take advantage of your situation.
Do not let these types of “unethical” Cash Buyers take advantage of your ignorance of the market. This could lead to you losing tens of thousands of dollars less than the market value. Getting your money for your property quickly is important but not as important as the time and investment you put in your home.
Benefits Of Partnering With A Trusted Cash Home Buyer
If you’re thinking of selling don’t try to do it alone. It’s best to work with a professional cash home buyer such as Fast Home Sales who is up-to-date on the current trends of the real estate market in Bridgeport. They will make sure your home sells fast. Just as importantly, they will be able to obtain the best price for your home.
Do not sell yourself short and partner with a Trusted Cash Home Buyer in Bridgeport. Do extensive research on any Cash Buyer companies to make sure they are ethical and legitimate. They can help save you tens and thousands of dollars that could be lost in taking a dirt-cheap offer from “unethical” Cash Buyers for fast cash.