Maybe you’ve been on the fence about selling your house. You are wondering if it’s the right time. We have put together a few questions
to ask yourself to help you determine if it’s the
right time to sell your New Jersey home!
What is the property doing for you?
Your house should be doing one of these things:
If your home is vacant or costing you in repairs or tenant turnover, it might be time to consider selling it!
Is there another property that would better meet your needs financially?
In the world of investing, they call this “Opportunity Cost.” What property are you potentially missing out on because your money is
tied up in a different one? Take a look at what’s out there. Is there a better place you could be investing your money?
Do you have “too much house?”
People buy their homes for what they need at the present moment. If you have a house full of kids, you might require a 5-bedroom home.
However, down the road, you might not need so much space. Keeping up with a home that is too large can be stressful! You don’t need to live in a house that it too high maintenance.
Or do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they often require more space. Imagine
what having a little extra space could mean for you and your family!
Is this really the house you want to be in forever?
There is no rule that states you need to stay in the same home forever. The beauty of real estate is that you can move at any time you
want. Think about your future, a few years down the road. Can you picture yourself in the same place, or do you see yourself somewhere different?
Does the house need repairs?
Maybe the house is old and is in need of repairs you simply don’t want to make. Making repairs on a house you don’t really want can
not only be expensive, but stressful and burdensome too. You can choose to work with a reputable direct buyer such as The Cardwell Thaxton Group, who will buy your New Jersey house as-is. We will take care of everything, including the property’s repairs.
Do you have equity in the home?
If you are able to sell your house, pay off your mortgage, and have some left over to put down on a new house, selling might be right
for you! If you are able to get at least 20% down for your new home, even better! If you would like to know more about the current value of your home, call us for a CMA (comparative market analysis) on your property! (908) 456-1593.
What is owning your New Jersey house costing you?
How much are you spending each and every month to own the house? The costs of home ownership go well beyond a mortgage payment. You
will need to consider other ways you are spending money on the house such as taxes, insurance, and maintenance.
If you have been thinking about selling, it likely means that it is the
right time to sell! There isn’t one answer that is right for everyone! Consider your options and make the decision that works best for you! Our team is
ready to help answer any questions you may have!
Interested in selling your house in New Jersey? Today is the
right time to sell. We can help! Send
us a message or give us a call today! (908) 456-1593
We research the details of your home and start crafting a great offer for you.
We present you with a fair cash offer with no obligation and no fees.
Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.
For many people, the thought of selling their home can seem like a lot of work accompanied by a long list of expenses. It might seem
even more overwhelming if the property is in disarray or needs repair. However, it doesn’t have to be that way! In our latest post, we will explore the ways you can sell
your house in new Jersey without any hassle whatsoever!
When selling a house in New Jersey, most people immediately think about hiring an agent and listing the property on the MLS. This is
a great solution for many people; however, you should know there are other options available to you. There are many ways to sell a New Jersey house! Consider your options to discover which selling method is right for you and your situation!
Sell Directly to A Professional Home Buyer
You can sell
your house without using an agent, ultimately saving a ton of time and money depending on the situation. There are companies such as The Cardwell Thaxton
Group that will buy your New Jersey house using a straight-forward and simple process. With a direct sale, you won’t have to worry about commission, repairs, cleaning-up or waiting for a buyer to come along. You will immediately know the amount you are receiving
as well as the closing date so you aren’t left in limbo, wondering when your house will sell.
Direct sales are becoming increasingly popular, however, not all buyers are the same. Make sure you do your homework on both the local
market and the buyer you are working with. A direct sale may not offer full price, but for some people, the amount saved on repairs and wasted time more than makes up for the difference in price.
List Your Home With An Experienced Agent
Of course, listing your New Jersey house is an option. Take the time to learn about everything that is involved and what will be expected
of you. No two agents work exactly the same and there are no guarantees. Your property can be listed for any price, but there is no guarantee you will receive it. Watch out for agents who try to “wow” you with a high listing price. If it’s priced too high,
it will likely sit on the market, possibly for months at a time. You will inevitably have to lower the price, while your property drops down the list of homes available on the MLS. If you decide to list, make sure your agent prices your home to sell. Not just
setting a high price to convince you to sign a listing agreement.
Offer Seller Financing
This can work for some people who don’t need the cash from the home immediately. You can elect to carry the note setting up a “rent-to-own”
structure. Your tenant will “rent” the property at a higher than average price, with some of the money going toward a down payment on the home. They will then have the option to buy the property outright at the end of a certain period of time, typically around
Consider Your Other Options
If selling simply isn’t in the cards and you need to move, there are other options. You can rent the house out as either a short- or
long-term rental. The trouble with this can be finding great tenants and retaining them for as long as possible. Renters can be quite nomadic, and tenant turnover can cost you dearly. If you haven’t done this in the past, consider hiring a property manager
to help you keep everything in order.
Do you want to sell your house in New Jersey? Find out what we can do for you! Give us a call today! (908)
What New Jersey Home Sellers Should Know About the Current Real Estate Market? There are many stages in life where the mindset of temporary housing or a rental
phase makes sense. However, New Jersey home sellers should know that while it would have previously been the norm, these people are now more focused on finding permanent housing situations and increasing the number of buyers competing for homes in the real
estate market New Jersey. Part of this drive may be due to many company’s business models rolling over into home-based work. Another phenomenon that has come to light, more wealthy investors are updating their investment plans to move with the market, making
their second home purchases for retirement earlier than previously planned, increasing the shortage of available properties on the market.
Riding the Wave
Like a wave still rolling from the 2008 national trend of slowing new housing production, the backlog of completed units has yet to
be met, let alone the surge in demand that has emerged since the pandemic. Low-interest rates are also pushing buyers into the market that may not have otherwise been able to afford as much housing. There is also a migration of buyers from high-tax states
brought on by changes in federal tax guidelines, which means they can no longer write off their property taxes.
The National Association of Realtors reported in October of 2022 that there were fewer homes for sale now than ever. If no other homes
were listed on the market starting now, there is just over a two-month supply of inventory available. There has also been a stall in the number of homes listed by sellers that would typically be making an upward move in housing, such as moving up from a starter
home. Many homeowners choose to stay in place to see how they are involved and settle out before risking what they have in place. These factors have combined to create an epic seller’s market, with the surge in demand and shortage of housing units available,
causing prices to soar. Read on to discover what New
Jersey home sellers should know about the real estate market in New Jersey.
The Trouble With Bidding Wars
While a seller’s market may sound like a perfect scenario, New Jersey home sellers should know that bidding wars affect the real estate
market in New Jersey. The problem comes when buyers bid above the amount the home will appraise while remaining below the typical 80 percent of the loan to value the mortgage. There is a potential to lose your buyers, should they find themselves in a bidding
war. They may not have the finances to afford the higher monthly payments and a higher principle, let alone the additional cost of mortgage insurance. And may not have enough cash on hand to cover any shortage between the appraisal and the final purchase price.
What Goes Up Must Come Down
All good things come to an end. Housing prices had already begun to trend upward before the pandemic and continue to rise. Under the
current conditions, most first-time homebuyers facing the rapid jump in listing prices cannot afford the average home. New Jersey home sellers should be acutely aware that the current rising price trend on the real estate market in New Jersey cannot continue
indefinitely, and the real estate market may crash. Indicators are that foreclosures, which are on hold now, will rise among lower-income households. Around 2.75 million mortgages are in forbearance under the CARES act’s protection at this time, with approximately
10 percent of all FHA-backed mortgages more than three months behind on payments.
Avoiding the Risks of Selling
Avoiding selling for too long may mean that sellers miss out on this rare opportunity to strike while the market is at or near its peak.
When it comes to traditional listings, a significant number of people simply do not want to take the risks of meeting with strangers to negotiate or do business. Many would prefer not to have showings during the pandemic because of potentially ill buyers walking
through their homes. With stress already at an all-time high for many, the mere thought of the additional pressures of selling a home, especially when school and work are home-based, is too much to consider. New
Jersey home sellers should know that there is another way to sell their home on the real estate market in New Jersey, by selling to a direct buyer like The
Cardwell Thaxton Group.
Ready to learn more about what New Jersey home sellers should know about the real estate market in New Jersey? At The Cardwell Thaxton
Group, we are here to listen and help you handle all of your problems. With fair prices, straightforward easy to understand contracts, and quick closings. Working with The Cardwell Thaxton Group means there’s no need to delay selling any longer!
The Cardwell Thaxton Group will walk you step by step through the process and help you determine what is best for you! Contact
us now at The Cardwell Thaxton Group at (908) 456-1593 today!
Understanding the differences between hiring a real
estate agent in New Jersey and selling your house to a professional buyer can make a significant impact on the financial outcome of your sale. While those considering
selling may instinctively follow the traditional listing method through an agent, it has become more mainstream to work with a professional buyer for the many benefits they offer.
if your house is in perfect or near-perfect condition, a traditional listing with a real estate agent in New Jersey may be able to gain
you a higher profit margin on the sale. A professional buyer like The Cardwell Thaxton Group will take the time to listen to you and advise you if it would be in your best interest, given your circumstances both personally and financially, to work with
a traditional real estate agent. This attention and consideration of your unique situation is a significant difference between hiring a real estate agent in New Jersey and selling your house to a professional buyer
Less Than Perfect
If your house needs repairs, a direct sale may pay more, especially considering you simply will not have to worry about making the repairs.
Working with a professional buyer means working with a team of experts on hand from every real estate industry. By working with a professional buyer, this team of professionals enables them to purchase quickly by eliminating the need and expenses of professional
inspections and appraisals and the legal risks surrounding disclosures. Walking away from repairs on the property is a substantial time and money-saving difference for you between hiring a real estate agent in New Jersey and selling your house to a professional
buyer like The Cardwell Thaxton Group.
For those selling due to economic or personal hardship, skipping all of the listing processes rather than risk having a home stagnating
on the market could mean all the difference between solving your problems almost immediately and financial ruin. If you have had to relocate before your home has sold, you may not be able to carry both properties for very long without sinking under the financial
burden. These sellers save time and money by avoiding all of the red tape involved with a buyer that needs to qualify for a mortgage, which is a significant difference between hiring a real estate agent in New Jersey and selling your house to a professional
buyer. An investor can close faster, and unlike a real estate agent, they can guarantee your closing date. Because of the freedom of working with a professional buyer like The Cardwell Thaxton Group, you could walk away with cash in hand in as little
as 30 days and, in some cases, even less time.
The average commission on a real estate sale is near seven percent or $7,000 from a sales price of $100,000. The profit you may have
anticipated will be nowhere in sight as you continue to pay for all of the expenses of listing the home upfront out of your pocket, including any costs of the demands your agent may make for the prep and marketing of your home. Professional fees for appraisals
and inspections, required for most buyers seeking to qualify for a mortgage with a lender, also come from your funds. An investor does not charge commissions or other expenses, which is an appealing difference to your wallet, between hiring a real
estate agent in New Jersey and selling your house to a professional buyer. When you meet with a professional buyer like The Cardwell Thaxton Group,
they will explain every step of how they reach their figure and come to a consensus with you on a price that you fully agree is a fair offer. And the offer you receive is what you get at closing. There are no commissions or other hidden fees that come off
of the top, leaving you with less of your hard-earned investment dollars after closing.
For many sellers, showings are why they delay or even avoid listing their home, even if they are unhappy where they are. They simply
cannot imagine allowing strangers to walk through their home, virtually or in-person. Still, others cannot handle any further pressure within their home, and keeping everything in showing condition at all times and working around everyone’s schedule can be
stressful in the best of times. Skipping the headaches of showings is one of the most appreciated differences between hiring a real estate agent in New Jersey and selling your house to a professional buyer like The Cardwell Thaxton Group.
Ready to learn more about the beneficial differences between hiring a real estate agent in New Jersey and selling your house to a professional
buyer like The Cardwell Thaxton Group? The Cardwell Thaxton Group is happy to answer any questions you may have about what would work best for your home. At The Cardwell Thaxton Group, our outstanding professional buyers are ready to help
The Cardwell Thaxton Group at (908) 456-1593 today!