9 Tips to Sell Your House Fast New Jersey
At Tverdov Housing, we sell millions of dollars worth of real estate every year. As a growing real estate company in New Jersey, we’re here to give you nine steps to sell your house fast!
Step 1: Do Your Research
First things first, scope out your town! Look at prices and features of homes like yours. By doing this, you can easily approximate your home value. This will pay off later when you are dealing with a listing agent as you can have an intelligent conversation with them about the asking price. Bottom line is that as a seller, you want to give buyers what they are looking for. It’s important to know where your home stands in the competitive market before you even begin to move forward.
Step 2: Pick a Real Estate Agent
Now you want to move onto finding someone to list your property. It is proven that the best realtors in New Jersey are the ones that know your local market so they can offer relevant advice throughout the whole process. Statistics show that sellers who work with an agent earn an average of 33% more profits than those who list for sale by owner.
Additional Reading: How to Find a Real Estate Agent in New Jersey
Step 3: Hire an Attorney
Now that you have chosen your real estate agent, it is time to choose your attorney. Similar to when you are purchasing real estate, you want to be sure to work closely with a reliable attorney to review and revise any contracts involved with the sale of your property.[1]
Step 4: Decide On a Time to Sell
Deciding on the ideal time to list your property for sale in New Jersey can make all the difference in the amount of money you can earn. You need to analyze the market and see if listing your property at that moment is the most profitable decision, because holding onto a property for just a little bit longer could end up being a $20,000 decision. Fun fact: annual data shows that the best time to sell in New Jersey is in July.
Step 5: Price Your Property
Now is the time to put your research skills to the test. Sit down with your New Jersey realtor and use Comparative Market Analysis (CMA) to take an even closer look at recently sold homes in your area to estimate your home’s value. A CMA compares properties that are relative to yours in terms of various factors including:
Size
Age
Condition
Features
Step 6: Prepare for Marketing
At this point, your home is posted out there for the public to see. While people are taking the time to research and locate your property you should be preparing it for further marketing and even showings. You want your home to be appealing to New Jersey buyers, so take proper measures such as cleaning, repainting, and handling any last-minute handy work. Pro Tip: Hire a staging company to temporarily furnish the home and make it more appealing to buyers.
Step 7: Accept Offers
Here comes your wave of offers, so be prepared for negotiations. Your NJ realtor can handle all of this for you. Watching the market closely and analyzing nearby sales will help you have an accurate offer gauge, but if you hire a trusted New Jersey realtor, you won’t really have to stress during this stage!
Step 8: Appraisal and Inspections
Typically, appraisals are ordered by mortgage lenders to evaluate a home’s value. An appraisal is used by mortgage lenders to decide how much of a loan can be approved for a specific home. At the end of the day, lenders do not want to lend out more money than the house is worth, so you better hope your house appraises suitably! Also, as the majority of standard New Jersey real estate contracts require, at this time home inspections are also taking place where licensed professionals evaluate the home’s structure and conditions for compliance with general building codes. Sellers must disclose any issues that are found during this stage prior to signing any purchase agreements.
Step 9: Closing
Queue Semisonic, because it’s closing time.[2] This is the final stage of selling your home. Finally, the property is legally transferred over to its new owners. Closings involve two major steps:
Signing final paperwork
Releasing the funds to the seller (done by the escrow company)
As you can see, a lot goes into selling your home but the good news is we have multiple experts on our team that can help you through it! If you’re curious about what your home value is today, or if you’re ready to sell your home, please contact us and let us make your dreams a reality!
Sources:
[1] Adam G. Rosenberg, Esq. LLC – Property Purchases and Sales
[2] YouTube – Semisonic – Closing Time