Is It a Good Time To Sell a House in NJ?

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Is It a Good Time To Sell a House in NJ?

Selling a home in New Jersey? Now might be a good time to do it!

COVID has tremendously disrupted most markets while inflation is currently wreaking havoc. One is bad enough; together, these factors have caused adverse effects for everyone.

Home prices have risen by about 7.2% between 2019 and 2020. This trend continued through 2021 and is expected to continue in 2022.

Having said that, this article will tell you why it's a good idea to sell sooner than later.

How Long Does It Take To Sell a New Jersey House?

A fun fact: did you know that homes in New Jersey sell faster than the national average? Clever states that New Jersey sells homes "approximately 3.9% faster than the national average."

The Questions Remains: Is It a Good Time To Sell a House in NJ?

When it comes to the best time to sell, according to Realtor data, the best months for selling are May, June, and July - May has the shortest time to sell at 27. In contrast, homes listed in January take an average of 60 days to sell, making it the worst time to list.

Reports also show having great strategies in place could be a factor to sell fast. Want to ensure a quick sale? Call us today at 973-604-3382 to get started!

Is It Necessary To Consult a Local Real Estate Attorney?

Aside from both the seller and buyer sharing pertinent information, we also recommend consulting with an attorney before signing any purchase agreement. Here are the reasons why:

  1. They help you understand the sale contract and answer common seller questions like, "Do I need to sign a disclosure form for prospective buyers?"
  2. They know the ins and outs of the local market.
  3. They help you negotiate the terms of the sale in a real estate transaction. Aside from assisting with NJ seller disclosure form questions, an attorney ensures that your rights are protected.
  4. Finally, an attorney or title company prepares the paperwork for the deed transfer.

Real Estate Agent vs. Real Estate Wholesaler: Who To Call To Sell My Home?

There are several ways to sell a house, the most common of which are through real estate agents or wholesalers. Both have their pros and cons, so it can be difficult to decide which is the best option for you.

While agents can offer more services, they're generally the more expensive option due to additional costs such as commission, holding, and closing costs. On the other hand, real estate wholesalers:

  • can close faster
  • will pay you in cash
  • won't require you to repair material defects for potential buyers to agree to a home sale
  • won't require you to pay the commission fee of both the buyer and seller

Need to sell your home easily? Sell My House New Jersey Home Buyers Inc. is the local company to call! Our knowledgeable team is helpful in all aspects of closing your property for a fair purchase price and ensures you won't have to worry about going through complex real estate transactions.

We're at 303a Park Ave, Suite #7G, East Orange, NJ 07017. Please call instead of coming because we are currently unable to accept on-site visits. Contact one of our friendly representatives and let's work together to quickly turn your house into cash. Call us right away at 973-604-3382!

Is It a Good Time To Sell a House in NJ?
Is It a Good Time To Sell a House in NJ?
Selling a home in New Jersey