Ready to sell your house in New Jersey As-Is? Before you spend money making repairs, taking the time to clean it, or signing a listing agreement binding you to an agent for an extended period of time, you may want to learn more about your other options. Find out how selling your house directly, as-is to a professional buyer will benefit you! There are 5 tips to help you sell your house in New Jersey As-Is.
There are many reasons why someone would want to sell a house in New Jersey as-is. Maybe they are worried about foreclosure, getting a divorce, tired of bad tenants, or they don’t want to make the repairs necessary to sell the house on the New Jersey area MLS. Selling as-is makes things easier but may not net you the price you are after. With our tips below, you will be able to sell your house in New Jersey as-is, so you can quickly and easily move on with your life.
Showcase The Potential
When selling your house as-is in New Jersey, it’s important to show your potential buyers what can be. With a little love and some elbow grease, the property could become the house they have always dreamed of, and it is up to you to let them know. You can even use a simulation program to design, repair, and furnish the space, giving your buyers an idea of what could be after they put in a little work. If your house requires a lot of repairs, renovations, and upgrades, you will have a lot of potential buyers who take one look and walk away, but don’t give up! It is possible to sell your house as-is in New Jersey. While the MLS may not always be the right place for the house, there is a direct buyer out there who is ready to purchase your house as-is in New Jersey!
Focus on The Positive
When trying to find a buyer for your house in New Jersey, and you want to sell as-is, you’ll want to highlight all of the great things the property offers. Maybe it is in a great location, maybe there is a new HVAC unit, or maybe the schools in the area are some of the best around. If your house isn’t the most aesthetically appealing on the block, make sure to bring your buyer’s attention to what makes the property so great. Be sure to highlight all of the great things about the home so that is what they remember instead of the things that are wrong with it. By highlighting the positive, your buyers will have less time to dwell on the negative aspects of the home. That said, make sure any property defects are properly disclosed so you don’t have to worry about defrauding your potential buyers.
Lower Your Asking Price
Sadly, when homeowners choose to list their homes in New Jersey, in order to sell it fast, they will likely need to lower their prices. There might be a lot of competition out there and in order to really get a buyer’s attention, you’ll want to price your house to sell fast. If you have had the house on the market for a long time, this may be the best way to say goodbye to your unwanted house once and for all. Keep in mind that a low price, plus agent costs, commissions, repair costs, and marketing costs may not be the solution you’re after. You may want to sell your house directly to avoid having to also spend money on the sale itself. Keep in mind that a direct sale will help you sell your house as-is and walk away.
Offer A Credit
If the house you want to sell in New Jersey requires a number of repairs, it may make sense to offer your buyers a “credit” they can use to make repairs or fix up the property as they see fit. Many buyers actually like this idea as they will be free to make the improvements to the property according to their personal styles and preferences. Of course, this will take away from what you ultimately receive at the closing table, but it can be a great way to attract more buyers to the property.
Find A Direct Buyer
The fastest and easiest way to sell your house in New Jersey is to sell your house to a direct buyer who is ready to purchase the property as-is. Working with an agent can cost a lot of money as can the repairs that are required can add up to a small fortune. But when you work with a company like New Jersey, the process is quick and easy. We’ll let you know what we can offer without having to worry about a low-ball offer, red-tape, or obligation.
Do you want a fast and fair way to sell your house in New Jersey as-is? Reach out to The Cardwell Thaxton Group to find out what we can offer you! You might be surprised at what we can do! (908)456-1593
STEP 1
We research the details of your home and start crafting a great offer for you.
STEP 2
We present you with a fair cash offer with no obligation and no fees.
STEP 3
Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.
Now is the time to sell your unwanted house in New Jersey to take advantage of the low-interest rates!
Price Appropriately
The number one thing that will sell your unwanted house in New Jersey is to offer it for sale at an appropriate asking price. Spend some time and research the recent comparable sales in the close area to the property. Make sure to analyze all aspects of the property: whether or not it has a pool or access to a body of water or canal, the year the property was built, the proximity to shopping plazas, grocery stores, or other points of interest in the neighborhood. Determine the appropriate asking price by using the most recent sales possible, preferably in the past 6 months. If there are no recent comps in the offer, consider using other properties in the area and subtracting or adding value based on features that your property does or does not have. If you offer the property for sale too far below market, then buyers might believe there is something wrong with the property.
Sell to a Home Buyer
If you are in an urgent need to sell your house in New Jersey, selling to a professional home buyer might be the option for you. They usually provide cash offers with an extremely quick closing time frame and may or may not require an inspection first. The home buyer will usually have a large network of investors with multiple portfolio types and can easily add your property to it. You can use this quick cash to have your down payment for your next property to take advantage of the low-interest rates.
Offer Owner Financing
There are many future buyers that are looking for a lending alternative who may not have the best financial history on paper but are honestly trying to improve their situation. Offering owner financing might be a great option to open up your house to more buyers, just make sure to do a background and reference check. Owner financing would also be a great option if you are looking for long term monthly payments. This would be a great option if you already have the down payment for your new house.
Find a Property
It is important to do research on your next purchase before jumping into something to take advantage of the low-interest rates. Check out the schools, entertainment, access to shopping and groceries. Check that the taxes are paid, check the zoning, verify if the property is in a property owners association, this will cost you over time and eat into your rental profits. Make sure you conduct an inspection of the house you are interested in; most lenders will require this anyway. You want to make sure you pick a house with a good structure, a comfortable floor plan, and some curb appeal.
Find a Mortgage
The mortgage rates are at a low point right now, take advantage of this opportunity! Lower interest rates mean the lenders are more willing to originate loans. Shop around different mortgage companies to find the best rate you can get with your financial situation. Keep your credit score in mind and contact multiple lenders to see what they can do for you. Choose the lender that has the lowest interest rate with the length of payment and type of loan that works for you and the property you plan on purchasing. Having a pre-approved letter in hand will give you the advantage when making an offer on your new house.
Call The Cardwell Thaxton Group today at (908)456-1593 or send us a message to discuss selling your unwanted house in New Jersey to take advantage of the low-interest rates!
You could be selling your house for any number of reasons, but once you decide you want to sell, of course, you want to sell your house fast in New Jersey. Here are some things you should do to sell your house fast in New Jersey.
Appropriate Asking Price
The number one thing that will sell your house fast in New Jersey is to offer it for sale at an appropriate asking price. Spend some time and research on the recent comparable sales in the close area to the property. Make sure to analyze all aspects of the property: whether or not it has a pool or access to a body of water or canal, the year the property was built, the proximity to shopping plazas, grocery stores, or other points of interest in the neighborhood. Determine the appropriate asking price by using the most recent sales possible, preferably in the past 6 months. If there are no recent comps in the offer, consider using other properties in the area and subtracting or adding value based on features that your property does or does not have. If your asking price is too high, you may not receive as many offers because that lends a buyer to believe you do not really want to sell your property. If you offer the property for sale too far below market, then buyers might believe there is something wrong with the property.
Aesthetic Improvements
Making affordable and necessary upgrades and improvements to the property will definitely help sell your house fast. If a buyer can walk into the house and imagine themselves and their family living in the house, this will definitely help sell the property faster. Offering a unique feature in the property such as a custom bar on the back porch might help a buyer fall in love with the property and make an offer quickly and be willing to pay a higher price.
Host Open Houses
Hosting an open house will help sell it fast. This will encourage the local real estate professionals to visit the house in hopes that it will meet the criteria of one of their clients. If a real estate professional is out searching for client houses, this means that their clients are pre-approved and ready for a quick sale. The real estate professional may even like the property for themselves! Other potential buyers will also attend; however, some of them may not be pre-qualified or even able to obtain a loan.
Network
If you are an investor who flips properties, you most likely know other real estate professionals, or professionals of related fields, such as pool cleaners, property inspectors, or contractors. These connections have access to a large word of mouth database made of the customers they do business with and can mention your property to them, especially if they mention that they are in the market for a new home. Even if you are not a real estate investor, make sure to tell all of your friends and family your house is on the market. This is a great way to spread the word.
Prepare a Proforma
For multi-family property or even single-family residences, preparing a proforma for the property will be another tool to sell your house fast. This will be especially attractive if your property is multi-family because this is the most important part of an investment: the return on investment! Doing your research on the rental market in the area will definitely be worth it because it is the backup of your estimated rental amount. Investors will be able to compare this with the initial investment they are making and determine if it meets their investment goals.
Call The Cardwell Thaxton Group today at (908)456-1593 or send us a message to discuss these and other things you should do to sell your house fast in New Jersey.
If you are dealing with a property with years and years’ worth of acquired possessions, the idea of selling can seem overwhelming. Below, we offer some tips to help you sell your hoarder house fast in New Jersey, without the costs or stress you may expect!
Do you own a hoarder house in New Jersey? Or maybe you want to help a friend or family member sell a house that has most stuff than you know what to do with. Either, way, the tips below will help you sell your hoarder house fast in New Jersey. And remember, we will make you an offer for your hoarder house as-is, making it easy to sell without any hassles. Keep reading for more great tips!
Get Organized
When you see all of the items piled up, filling closets, cupboards, and rooms, you may feel very overwhelmed. It can be difficult to even know where to begin. You’ll want to organize yourself in the way that makes the most sense. You can start by putting like-kind items together. This way you can go through said items, determining what to give away and what to keep. Or you could plan to go room by room through the house, deciding what to do with the items as you go. You’ll want to designate space for the items you want to take with you, what you want to sell, what you want to give away, and what you want to throw in the trash. Not only do you need to organize the house, but you will also need to organize your plan of attack.
Be Ruthless
A lot of the items will have to go. You need to be mentally prepared for this before you say goodbye to your stuff. Take heart in knowing that your usable items are going to people who need them. If you have a lot of things, you are keeping out of sentiment, it can be a good idea to take photos, which can be stored digitally, not taking up any space. Even if you decide to print a few out, a photo album takes up much less space than your boxes of trophies, old clothing, and books you don’t want to forget about. You can implement some of the strategies taught by Marie Kondo to eliminate all of the excess clutter once and for all. You need to be ruthless and remind yourself that stuff is just stuff. If you really want to sell your house without the help of a direct buyer, you may find that you have some work to do. Your only option is to get in there and do the work.
Focus on The Good
If you decide to list a hoarder house, showing it before everything has been cleaned out, you’ll need to get creative in your presentation. Seeing the piles of junk that have piled up over time can send many people running the other way. You want to help your buyers see what can be. Highlight the big windows, the big yard, or the new appliances. Whatever is great about the house, make sure it is highlighted front and center. People base a lot of their buying decision on their first impressions of the property. If you are selling a hoarder house in New Jersey the traditional way, you’ll want to do everything you can to make your prospective buyer’s impressions of the house a good one! When you highlight the great things about the house, hopefully, the not-so-great things aren’t as apparent. That said, you will need to disclose every potential problem with the house to your potential buyers, not doing so can be considered fraud.
Sell The House As-is… Junk and All
The fastest, easiest, and most stress-free way to sell a hoarder house in New Jersey is to sell it to an honest, professional, and experienced homebuyer such as The Cardwell Thaxton Group. When you sell to us, we will but the house as-is, no matter what you want to leave behind. We will handle your unwanted hoarder house in New Jersey, junk and all! You will be able to sell the house without any cleaning, repairs, or property showings. You can have all the time you need to clean out what you wish to keep… we will close whenever you are ready.
If you need to sell a hoarder house in New Jersey, reach out to our team before committing to an agent. Our team will make sure the selling process is fast and easy so you can sell your house fast in New Jersey without any extra costs, hassles, or wasted time!
Do you need to sell a hoarder house in New Jersey? Whether you have more stuff than you know what to do with, you inherited a house, or you’ve had a hoarder tenant occupying the home, our team can help! Reach out to us today to learn more! (908)456-1593
Do you know how much it costs to sell your house in New Jersey? When working with a real estate agent, there can be a large number of costs that home sellers aren’t always aware of. Before signing a listing agreement with a New Jersey real estate agent, make sure you are aware of the costs you will likely face!
Many people aren’t prepared for what is required of them when trying to sell a house with a New Jersey real estate agent. There are numerous costs, time commitments, and exhausting activities that go into selling your house the traditional way. Below, we will take a look at what it costs to sell your house with an agent in New Jersey, versus what it costs to sell your house directly to a professional buyer. You can get an offer from our team so you can plug in the numbers for your property, determine which way of selling your house in New Jersey is right for you!
Hiring An Agent In New Jersey
Commissions
When you hire a real estate agent in New Jersey to help you sell your house, you’ll be faced with commission costs when the house does eventually sell. These costs can be a huge blow to a seller’s profits as the average commission runs somewhere around 6% of the final sale price. So, let’s say you sell your house for $150,000. You’ll have to immediately fork over $9,000k to your agent and that’s not including all of the other costs and fees.
Closing Costs
Closing costs include things like transfer taxes, recording fees, and other miscellaneous costs. When you work with an agent to sell your house in New Jersey, you can expect to spend about 2% of the final sale price in closing costs. So again, if your house sells for $150.000, you’ll be on the hook for another $3,000. When you sell your house directly to The Cardwell Thaxton Group, we’ll take care of all the closing costs, eliminating many of the fees and expenses that home sellers often face.
Repairs
Depending on your property, your repair costs can total up to a small fortune. You may find yourself making repairs before you list it, only to have them snowball into major expenses. In many cases, you may find that you have to make even more repairs after the inspection period. Many home buyers will try to negotiate after the inspector has been through, asking you to make the needed repairs, or by issuing a credit or discount on the price of the home.
Holding Costs
Many people don’t realize how much it costs to own a home. As a homeowner, you are dealing with things like property taxes, homeowners’ insurance, and utility bills. The bills can get pretty high if your home is older, and not energy-efficient. You’ll also have to contend with the continued maintenance, repair costs, and the expenses required to keep the house ready for property showings. If your house sits on the MLS for a long time, your holding costs can really add up! But when you sell your house directly to The Cardwell Thaxton Group, we will be able to close on your property, free and clear, in only a matter of days.
Marketing Expenses
Marketing costs when selling your house, the traditional way is no joke. Depending on your agent, you may find you are spending a lot of money to market the house on your own. You may need premium listings, professional signage, or photography in order to showcase your property in its best light. Don’t assume that because you hire an agent all of your marketing costs will be covered. Every agent is different, and you may wind up spending more than you think to sell your house fast in New Jersey.
Selling Your House Directly
On the other hand, selling your house directly to The Cardwell Thaxton Group, won’t cost you a thing. While not every buyer works in the same way, selling your house to our team will free you of any costs or fees. You won’t have to worry about making repairs, cleaning up, or having to wait around for a buyer to come along. There are no commissions, agent fees, or marketing costs. You will be able to sell your house fast in New Jersey free and clear, once and for all!
Before you sell your house in New Jersey, you need to know exactly what it will cost you. Many home sellers are blindsided by costs and fees they weren’t expecting when they work with a local real estate agent. Before you sign a listing agreement, take a look at what we can do for you. A direct sale may be the solution you need for your house in the New Jersey area! However, you won’t know for sure until you get a no-obligation offer from our team!
If you want to sell your house in New Jersey without any of the costs or waiting, reach out to our team today to find out what we can do for you! (908) 456-1593
Do you need to sell your house fast in New Jersey? Doing so will help you to save time and money when all is said and done. Keep reading to learn how to sell your house in New Jersey so you can move on faster and with more money in your pocket.
Many people find themselves in a situation where they need to sell their houses fast, without any delays or extra costs. People dealing with foreclosure, divorce, repairs, or an inherited property may not have the time or money to wait around while a buyer is found. Below are a few tips to help you sell your house fast in New Jersey, ultimately saving you time and money when all is said and done. If our team can help you in any way or if you have questions about selling your house in New Jersey, please feel free to reach out!
Price The House To Sell
If you want to sell your house fast in New Jersey and you want to do it the traditional way, you’ll need to price the house to sell. This can mean pricing it significantly lower than other houses on the market, so it stands out and gets the attention it need to sell fast. While this may not be your first choice when trying to sell fast, it will help you to generate more interest in your property, thus selling it faster. Keep in mind, that with a listing you will have a number of costs to deal with at the closing table, so taking less than what your property is really worth can be discouraging when you are working with a New Jersey real estate agent. Plus, it could be a while before the sale goes through, leaving you on the hook for the continued carrying costs while you wait for everything to be finalized.
Skip The Repairs and Sell Your House As-Is
When you sell your house as-is, you won’t have to spend time or money cleaning or making repairs in order to sell the house. You won’t have to sink money into a property, hoping that a buyer will come along to make it all worth it. You could spend a fortune on property repairs and upgrades, only to find yourself still listed as the property owner several months down the road. By selling as-is to a professional buyer such as The Cardwell Thaxton Group, you’ll be able to know exactly what you are getting and when. Our process will make it easy for you to sell your house as-is, once and for all. You can also attempt to list your house as-is with an agent, but with all of the pretty properties on the MLS, the ones that are in need of repair are often looked over.
Find The Right Buyers For Your House
There is a buyer out there for every property. It is your job to find the right one. Depending on your property and situation, the right buyer may prove to be an investor who is ready to close on your house right now without any hassle or runaround. Most investors are looking for homes to buy as-is and they are prepared to close right away. Just be careful working with direct buyers. Some will try to low-ball you in hopes of scoring a great deal. They’ll prey on your urgency, taking advantage of you and your situation. This is not the case with The Cardwell Thaxton Group. We will always provide you with a fair offer, doing everything in our power to help you out of your difficult situation. Finding the right people to buy your house, will make it easy for you to sell the property as-is so you can finally move on.
Work With A Professional Real Estate Buyer in New Jersey
A direct sale of your house to The Cardwell Thaxton Group, is the easiest, most straightforward way to sell your house in New Jersey. Not only will we pay you a great price, but we will also close on the property as quickly as you need us to. Working with a professional property buyer in New Jersey can help you save a lot of money and time when trying to sell your house fast. Keep in mind, that not all buyers are the same. Don’t sign any contracts until you understand exactly what you will receive and how the process will work. You don’t want to find that you are dealing with fees or wasted time that you hadn’t planned for.
At The Cardwell Thaxton Group, we help local New Jersey homeowners who are looking for a fast and fair way to sell their property. We make it easy to navigate a typically challenging and confusing process. If you want to sell your house fast in New Jersey, reach out to us today to find out what we can do for you!
If you want to sell your house fast in New Jersey, we are ready to buy! Reach out to us today to find out what we can offer you! (908) 456-1593
There are 5 Ways to Get Out of Your Mortgage in New Jersey. People will often buy a house only to have their needs change as the years go by. Paying a mortgage on an unwanted house can be incredibly stressful and frustrating. In this post, we offer 5 ways to get out of your mortgage in New Jersey so you can move on with your life!
Paying an expensive mortgage month in and month out can take its toll. Especially if you have grown out of the house and are looking for something different. Below, we offer information to help you get out of your mortgage fast, without having to worry about excessive fees or penalties. If you have any questions about getting out of your mortgage in New Jersey, we want to hear from you!
Sell It Fast
The easiest and most convenient way to get out of your mortgage in New Jersey is to sell your house to a direct buyer. The Cardwell Thaxton Group buys houses directly from local homeowners and can close in only a matter of days. Selling your house fast in New Jersey will save you a fortune on holding costs including continued utilities, property maintenance, taxes, homeowners’ insurance premiums, and more. A traditional listing can be effective, but the process can end up taking several months while costing you a lot of money. For those who are looking to sell right away, a direct sale to The Cardwell Thaxton Group will help to save time and money, giving you the peace of mind you need!
Hire An Agent
Many people choose to hire a New Jersey real estate agent when it is time to sell their home. While an agent can be beneficial in some transactions, in others, the costs and fees aren’t worth it. If you do not mind paying agent commissions, making repairs, or waiting around for a buyer, hiring a New Jersey real estate agent may be the best option for you. If you need to get out of your mortgage right away in New Jersey, you may be better off with selling your house directly. An agent can end up being very expensive, working with our team will help you get out of the mortgage for your unwanted house in New Jersey without any cost or hassle.
Rent It Out
While technically you will still be on the hook for the mortgage payment each month, you will be able to have your tenants pay it for you. Finding the right tenants can not only help to pay off your mortgage, but you may be able to collect passive income this way too. Keep in mind that not all properties make great rentals and not everyone is cut out to be a landlord. Even still, if you find the right property management company, you can find great tenants, rent out your property, and have someone else pay your mortgage for you.
Gift It
You don’t necessarily have to give the property away, but you can give it so someone else and have them assume the mortgage. Maybe you have children or another family member who would be interested in having the house. You can either have them assume the mortgage if possible, or you can sell it to them for what you owe, ensuring your debt gets paid off, without any further penalties or fees. You will benefit by cutting your ties with the house, whereas your friend or family member will score a great deal by taking the property off of your hands. It’s a win-win situation for everyone involved.
Rent To Own
Selling your house via rent to own works great for those who want to sell for market value and who don’t mind waiting a while before the home is sold outright and they have collected the full sale price. A rent to own agreement will open the door to numerous potential buyers, giving you better odds of a fast sale at a great price. While you won’t see the entirety of the sale price right away, you will be able to collect higher than average rent, a deposit, and guaranteed income for the next 1-2 years. Once the rental term is up, your tenant will have the option to buy the house outright. If they are unable to, the house will remain in your name, and you can either choose to sell it or rent it out to another individual.
Are you ready to get out of your mortgage in New Jersey? Working with The Cardwell Thaxton Group will help you get the price you want for your house while saving you a fortune along the way. We can help you get out of your mortgage, so you don’t have to feel stuck with your unwanted property any longer! If you need to sell your house fast, our team is here to support you!
If you want to learn more about how to get out of your mortgage in New Jersey, reach out to our team! We have answers to all of your selling questions! (908) 456-1593
Thinking about selling your multi-family property? You might want to prepare your property for sale for a better chance at a quick sale at a higher price. There are five tips for selling your unwanted multi-family property in New Jersey: update the parking area, add more curb appeal, update the common areas, keep the doors and locks in working order, and keep your paperwork in order to keep track of rent payments and analyze the property’s return on investment.
Parking Area
The first tip for selling your unwanted multi-family property in New Jersey is to improve the parking area. No one enjoys a cracked driveway or potholes. Invest in a seal coating for your parking area, it will make a huge difference in property satisfaction with the tenants. The seal coating will fill in the cracks and create a smooth, clean parking area. If the multi-family property has potholes, this will make it seem like the property is not maintained very well and is inconvenient for the tenants and may cause damage to their vehicles. An asphalt patch from the hardware store will be a quick fix. Coating and repairing the parking area would be a simple move with a large impact.
Curb Appeal
The second tip for selling your unwanted multi-family property in New Jersey is to step up the curb appeal. Start with a pressure wash to clean off any dirt on the driveway or structure walls. A new coat of paint could do wonders to clean up the look of your multi-family house at a small cost. Have the hedges trimmed, plant some area-appropriate foliage, and add fresh mulch to the plant beds. If you leave the basic maintenance undone, this may convey that the property is difficult to maintain. A little effort can have a large impact on future buyers’ perception of your property for sale.
Common Areas
The third tip for selling your unwanted multi-family property in New Jersey is to update the common areas. Depending on the property, it may have common areas. These may be areas like porches, courtyards, lobbies, laundromats, and pools; anywhere all the tenants have a right to share on the property. Get some new outdoor furniture, redecorate the lobby, repaint scratched appliances, refresh the signage. This will improve the perception of the property and reflect a clean, maintained property.
Doors and Locks
The fourth tip for selling your unwanted multi-family property in New Jersey is to repair any squeaky or broken doors. You will also want to make sure that all of the locks are well oiled and operate smoothly and quickly. You need to make sure that when showing the property, there are no delays in unlocking and opening doors. This also promotes the perception of a well-maintained property.
Paperwork in Order
The fifth tip for selling your unwanted multi-family property in New Jersey is to have all of your paperwork in order. You will want to have all of the important documents ready for potential buyers. The list of documents that would be helpful to the buyers would be any roof warranties, HVAC documentation, and receipts of any recent building improvements. Another set of important documents would be the cash flow and other financial statements. The buyers of multi-family homes will most likely be real estate investors who would need to see the financial statements to determine if the property would fit in their portfolio. Keeping your paperwork in order and readily available shows that you maintain your property and records.
Buyers will be more willing to make an offer on your property if they can purchase it with little to no effort to fix up the property. They may also be willing to pay a little more than their usual because they didn’t have to do the upgrades themselves.
To learn more about selling your unwanted multi-family property in New Jersey, contact The Cardwell Thaxton Group today at (908) 456-1593.
Selling your house via the rent to own strategy is a great option for both the buyer and seller. The seller can collect rent and additional monies, and the buyer can try the house for a while. There are 2 different types of rent to own contracts, the option to buy and the agreement to buy. The option to buy lets the renter decide if they would like to purchase the house at the end of the rental period, while the agreement to buy is a more solid contract where the renter must purchase the home at the end of the rental period. This gives the buyer time to build up a deposit and find a financing strategy that works for them. If they end up not being able to qualify for the loan, and they have the option contract, this lets them off the hook and saves you from the headache of legal fees.
Negotiations
When selling your house via rent to own in New Jersey, you can expect to negotiate the terms of the contract in your favor. You can have the buyer maintain the property and make the repairs to the house, except for some repairs; make sure to research your local laws. You can negotiate the rental length, the amount of extra money added to rent towards the deposit, and how much the option fee will be.
Different Market
You will have a much broader market when selling your house via rent to own in New Jersey. You will have plenty of buyers to choose from since a lot of people are interested in “trying before buying.” This gives the potential buyer the option to buy the house after living in it for a few years, which is great news to them! They will have the chance to fall in love with it or decide maybe it isn’t the best house for their family before committing to home ownership. If they decide not to purchase it, you can turn around and list it as a rent to own house again!
Higher Sales Price
When selling your house via rent to own in New Jersey, you can expect to have a higher purchase price locked in if the renter does decide to buy the house. The buyer will be willing to pay more to have this great opportunity. Also, the locked-in purchase price can be a great sigh of relief, especially if the market does not appreciate as much as you were hoping since you negotiated the purchase price.
Additional Fees
When you sell your house via rent to own in New Jersey, you are expected to place an option fee on the rent to own contract. This allows the renter to choose to purchase the house or not at the end of their rental term, which is typically 3 years. This option fee is non-refundable, even if they do not choose to purchase the house. Also, there is usually an additional amount added to each month’s rent to go towards a deposit on the house and in a lot of cases, this amount is also non-refundable.
Monthly Payments
If you don’t need to sell your house right away, you can expect to have a monthly income for at least 2 years, usually 3 years when selling your house via rent to own in New Jersey. This can help to pay your own mortgage or add the extra funds to your investment pool for additional investments. You could also save that money for a different large purchase or create a savings account for something special.
Contact The Cardwell Thaxton Group at (908) 456-1593 or send us a message to discuss what to expect when selling your house via rent to own in New Jersey.
If you own real estate, you have probably heard of the MLS. It is a members-only website that is joined by real estate agents in the area. They have a local level, a state level, and a national level. Joining this association designates the agent as a Realtor. They must pay to access this service.
Picking the Wrong Agent
Reason #6 to avoid the MLS when selling your New Jersey house is picking the wrong agent. There are so many agents to choose from, how are you supposed to know who to choose? Do you pick the person with the most ads? Or do you go with the guy your friend recommended, he just sold a house last week?
Time On the Market
Reason #5 to avoid the MLS when selling your New Jersey house is the time on the market. The MLS, or multiple listing service, keeps track of how many days it’s been since you first listed it on the market. If your house ends up being on the market for more than 60 days, this is not a good sign to buyers. It may indicate that your house is not as desirable as other properties, or that there might be something wrong with it. There may not be anything wrong with your property, but this might stick in the back of the mind of potential buyers. Maybe you haven’t had a full price offer and are holding out. Whatever the reason, the time on market counter may work against you.
Highly Qualified Buyers
Reason #4 to avoid the MLS when selling your New Jersey house is highly qualified buyers. Sure, the MLS may bring you buyers, but a large portion of them will have to depend on financing from a bank, and some of them may not have even been pre-qualified yet. Your house for sale can be considered a pocket listing that will reach the desks of many highly qualified buyers, most of which can purchase 100% in cash.
Commission Fees
Reason #3 to avoid the MLS when selling your New Jersey house is commission fees. When you list your house on the market, there are commission fees that are expected from the selling agent and the buying agent. This is usually 3% of the final sale price, which can add up to a large amount of money! If you are using an agent without using the MLS, you might be able to set a flat fee for less than traditional commission fees.
Invasion of Privacy
Reason #2 to avoid the MLS when selling your New Jersey house is an invasion of privacy. If your house is listed on the MLS, you will be expected to make your house available for showings. This means living in a constant state of clean and organized 24/7 until you move out. You may also be asked to leave your home on extremely short notice for a showing if possible, sometimes immediately, although you usually can schedule showings for 24 hours in advance. Some sellers find it’s easier if they move out of the home when they put their house on the market because of the hassle of showings, but would you want to be responsible for 2 house payments before you can guarantee the sale of your house?
Signs In The Yard
Reason #1 to avoid the MLS when selling your New Jersey house is a sign in your yard. The yard sign is a standard part of a real estate agents advertising your house, but this also may mean that you may have people knocking on your door unexpectedly because they saw the sign in your yard. This is a huge inconvenience, especially because people may have stopped without an agent present, and who knows if they are qualified buyers?
Call The Cardwell Thaxton Group at (908) 456-1593 or send us a message to discuss these and other reasons to avoid the MLS when selling your New Jersey house!
As with any profession, real estate agents can perform their duties in a less than perfect manner. While most real estate agents are top-notch professionals, it can be costly to be unaware of the signs of a bad agent. Therefore, it is helpful to know the following five ways that bad Mercer County real estate agents take advantage of their clients.
Presenting themselves in a manner that misrepresents their experience level is a deceptive way that bad Mercer County real estate agents take advantage of their clients. One of the first things they should do is listen to you. If you are house-hunting, they should be asking detailed questions to understand just what you seek. It will become evident if your agent does not know the Mercer County real estate market well. If they show you properties that simply don’t match up, it is clear they are lost, and you are not with an expert. Experienced investors know the formulas which allow them to calculate the profitability of a particular investment property quickly. Other signs are an agent that does not appear to understand basic investment formulas or seems unfamiliar with the unique language of real estate investing. These are all signs of their lack of experience in this specialized real estate section.
If you are making plans for your property listing, such as insisting on open houses, while you may enjoy running the show with your listing, allowing you to do so is one way bad Mercer County real estate agents take advantage of their clients. While you may be under the impression, open houses will bring your buyer, while it may be possible, most serious buyers are working with an agent and would not be walking through random open houses. Agents typically benefit by attracting your neighbors interested in selling, curious about your home and listing price. Your agent may be enabling you to lead the way with your listing because they just don’t know what to do, so unless you know more than they do, they should be confident about the steps to take and firm in their advice, leading the way to find a buyer for your home.
What you need from a good agent is honesty. Their know-how, advice, and opinion are valuable and necessary to ensure the best outcome for your listing. If your agent exclusively presents the positive side of things, sharing only the pros about a property but never brings up the potential issues or cons, this may be a sign they are less than honest with you. Afraid of losing business, an agent may say yes to anything. Telling you whatever you want to hear, even if it is not valid, is one way bad Mercer County real estate agents take advantage of their clients.
Making promises without any follow-through is another way bad Mercer County real estate agents take advantage of their clients. They may have led you to believe your home was worth more to gain the sales contract, planning to lower the price after your home lingers on the Mercer County market. Overpricing leads to a home listing sitting significantly longer, which negatively affects your final sales price. Buyers searching online will reject the property at first glance, well aware they can buy a property that offers much more for the same price. Another promise may be that you hire a top agent and end up working with an assistant.
Some real estate agents may need help but refuse to share their commissions, allowing their clients to receive bad service. You will know you’re in trouble if you start hearing excuses about why they did not handle something or return a call, which can be frustrating and is poor business practice. Failing to complete paperwork promptly is one more way bad Mercer County real estate agents take advantage of their clients. Their failure to follow through on their word, neglect your calls, miss deadlines and leave you in the dark may also result from your agent being overwhelmed and lacking a successful business system in general. Whether their issues are that they are professionally inept or a mess personally, chaos results from their disorganization.
If you’re ready to work with the best, whether you are buying or selling Mercer County property and looking for a real estate agent you can trust, call The Cardwell Thaxton Group. If you are selling, why not skip all of the hassles and work with professional investors. Why worry about possibly dealing with a bad Mercer County real estate agent? The Cardwell Thaxton Group makes selling easy, buying houses as-is, for a fair price, paying in cash, and usually closing in a matter of only days. In the market to purchase? The Cardwell Thaxton Group has a steady inventory of the best investment properties! Call The Cardwell Thaxton Group at (908) 456-1593 or send us a message to learn more.
Do you want to know the true value of your home? Contact Cardwell Thaxton for assistance! We value New Jersey! Tight & Right Real Estate Valuation (908) 456-1593 CardwellThaxton@gmail.com https://www.facebook.com/TightAndRightRealEstateValuation #appraiser #realestateappraiser #realestateappraisal #Moneyneversleeps #realestateappraiser #nareb #businesspassion #realtors #divorce #realestatelife #houses #property #newjerseyrealestate #foreclosures #realestateconsultant #GardenState #NewJersey
Do You Know Your Home's Value? We have the best appraiser in New Jersey! Just contact Cardwell Thaxton at Tight & Right Real Estate Valuation to know more about our real estate appraisal services! What are you waiting for, contact us now! (908) 456-1593 CardwellThaxton@gmail.com https://www.tightandrightrealestatevaluation.com/ #appraiser #realestateappraiser #realestateappraisal #Moneyneversleeps #realestateappraiser #nareb #businesspassion #realtors #divorce #realestatelife #houses #property #newjerseyrealestate #foreclosures #realestateconsultant #GardenState #NewJersey