Are you thinking about selling your house in New Jersey? One thing that will immediately come up is pricing and how much you will be able to profit from the sale of your home. You can set an initial asking price but should consider selling costs and how long it will take for the sale to finalize. There are many things you will need to factor in before signing any contracts. That said, by using a few little-known methods, getting your asking price can be easier than you may think when selling your house in New Jersey. Take a look below at a few of your options.
List With a Real Estate Agent in New Jersey
Listing your house with an agent in New Jersey is one way to get your asking price. However, most of the time, you are going to have expenses with it. Sometimes these expenses can be steep – depending on the condition of your property. For example you may need to make repairs, upgrades, and stage the home for potential buyers. And that is before you sell or list the property. Then during the listing period and the selling period, it is important to remember that there will be commissions and selling costs such as additional repairs derived from a home inspection, marketing, and closing expenses. Be sure to factor in all of these costs when setting your price. They all add up quickly and often catches home sellers by surprise. While hiring a New Jersey real estate agent is the route most homeowners choose, it can be expensive and stressful. There are no guarantees that your house will sell or that you will be able to find a buyer who is qualified to purchase your home. And now the market is significantly different than what it was a year ago. Higher interest rates, and a general slow down in the real estate market has caught sellers by surprise because you can no longer count on your house selling in 5 days over asking price with 10 offers. Remember that what you list for, will not be what you walk away with, so it is important to set your asking price accordingly.
Sell Your House Directly to a Professional Buyer
Working with a professional home buyer is another way you may be able to get your asking price when selling your house in New Jersey. Once you have set an asking price, consider all of the ways a direct sale is helping you save. When selling your house directly, you can avoid repair costs, closing costs, and agent commissions. You will not have a home inspector come through and nit pik every little thing that may be wrong forcing you to provide concessions or repair them, or lower your asking price. You will also potentially save thousands in holding costs as a direct sale often happens pretty quickly. Most homeowners don’t factor in that time is money – in real estate this could be taxes, utilities and insurance that you have to pay while waiting to sell the property. Typically, an investor’s offer will be less than what you see on the MLS, but once all of the expenses are factored in, your profits may look very similar if not greater. Don’t rule out a direct sale of your New Jersey property until you speak with the professionals at Beacon Realty Investments.
Utilize Owner Financing to Create Income and Security
At Beacon Realty Investments, we offer many creative ways to assist homeowners with problem properties that they no longer wish to hold to. One solution we offer is to buy a property using owner financing. This allows us to purchase the property right away, while the property owner receives a guaranteed check each month while we pay off the property. The property owner essentially becomes the bank, collecting interest and holding the title. Ask yourself what you will do with the money after you sell. Are you going to put it in the stock market and take the gamble? Or are you going to put it in a CD at the bank? Well we will absolutely pay more than the CD, and you aren’t rolling the dice with the stock market. We would love to work with you to find a creative solution for selling, which also allows you to receive your asking price. Each situation is unique and we are happy to work with you to help you find the solution that best helps you reach your goals. We have several creative strategies that allow us to pay more than our competition. Remember to ask us how we can pay more when we do talk.
How Beacon Realty Investments Can Help You Get Your Asking Price
Whether you choose to list, sell directly, or become a lender on your own property, Beacon Realty Investments will answer all of your questions and provide you with the data you need. Comparing your options will ensure you make the best decision when selling your house in New Jersey. Our goal is to help people dealing with unwanted properties throughout the New Jersey area. We can help if you are dealing with…
- The foreclosure of a property you have owned for a long time and are not able to list
- Repairs you can’t afford or don’t have the time to make
- Tenants you aren’t able to get rid of without going through the cumbersome and expensive eviction process
- An inherited property that you need to sell ASAP to avoid taxes and other ownership costs
- A hoarder home that you can’t or don’t want to clean up
- Flood damage, fire damage, or structural problems with the home
- Title problems or liens on the property that have prevented you from selling in the past
- The need to sell quickly so that you can buy a house elsewhere that you really want
Our team can help you with any property or situation, no matter how difficult it may seem. No matter why you need to sell your house or when you need to close, Beacon Realty Investments can help you find the solution that will help you get your asking price for your property in New Jersey. There are many ways to sell your property… you don’t have to feel stuck any longer! Reach out to our team to learn more about Beacon Realty Investments and what we can do for you when it’s time to sell! 732-907-9195