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Useful Tips to Sell House Fast New Jersey Without Commission or Repair Work

Author: Turbo Home
by Turbo Home
Posted: Apr 27, 2017

The Financial Crisis a decade ago had a disastrous impact on the real estate market in the US, and despite the strong recovery, many homeowners are still experiencing the after effects. Many homeowners from then, and even now have been put in difficult situations needing to sell house fast New Jersey. Fortunately, there are ways you can unload your house quickly and get out of debt.

Maybe you just lost your job, or maybe you’ve inherited an unwanted property. Maybe you are just looking for a change and relocating. Whatever the reason, sometimes you are just in a position where you need to sell house fast New Jersey (NJ).

In order to sell your house fast in New Jersey for the maximum price, it is important to know the value of your house, which is based off prices of houses SOLD and not based off the prices of houses simply listed. By basing the value off the prices of houses listed, you could be comparing to houses that have been on the market for months or longer. Many houses listed on the MLS that do not sell within the first couple months of listing will linger there much longer, often until the listing term is up. When comparing your house to houses sold, you must also factor in the condition of your house compared to that of those sold. If your house hasn’t been updated in a couple decades, it won’t sell at the same price as a newly renovated home, and certainly not as fast.

Why to avoid Real Estate Agents when you need to sell your house fast?

It is better to avoid selling your house through real estate agents if you are in urgent need of cash or just getting rid of a money pit house. Most people list their houses with real estate agents when they want to sell house fast NJ. However, by doing so you need to pay 6% commission to the real estate agent when you sell your home through them in New Jersey. This means that if the selling price of your house is $300,000 then you have to pay $18,000 as commission to the real estate agent. Based on commission reduction alone, you are down to $282,000. Now add in repairs you may be required to make. You might want to make some parts of your house look more attractive. How much will it cost you to redo your kitchen and bathroom – the two biggest selling points? How about the attractiveness of the exterior? Once you are under contract with a buyer, after they do a home inspection they could have a list of repairs they will want you to address before they agree to purchase the house.

Secondly, selling your home through a real estate agent is a time taking process. It can take from a minimum of a couple months to a year or longer before you are able to get rid of your home. Even if you find a buyer the day your house hits the market, closings usually take 30-60 days for the buyer to do their due diligence, obtain financing, and then for you to address their repair list. If the deal falls through you’re back to ground zero. If the agent lists your house at a price relative to other houses listed on the market, your house is not going to sell any faster than the rest of them. You will also still be responsible for all the mortgage payments and utility bills for every month until the house finally sells, and then your closing costs as well.

In order for your house to sell quickly through an agent, it would need to be priced under other similar conditioned houses that have sold recently. Then don’t forget, take out commissions and repair work then add in frustration and lots of time, and you will end up with much less than an agent may have initially portrayed.

Why to sell home NJ to a Real Estate Investment Company?

If you don’t have the time or money to carryout desired repair work, it is better to get in touch with a reputable investment company in New Jersey. Most real estate investment companies will buy your home fast in any condition. They also make cash offers and close in less than 30 days in order to meet your urgency. Best of all, when you sell house fast NJ to an investment company, you don’t have to pay a 6% commission or any closing costs!

About the Author

We are here for you if you ever need any advice. Contact us today at info@turbohomesolutions.com or 973-963-7776.

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Author: Turbo Home

Turbo Home

Member since: Mar 01, 2017
Published articles: 15

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