Here’s The Best Way to Sell a House in New Jersey

U.S.A.’s economy, back in 2008, saw the loudest and longest recession after Bear Stearns collapsed, resulting in widespread financial market turbulences. This brought one of the greatest depressions in US economy, which was not mild and brief either. Numerous realtors and homeowners suffered losses. Homeowners with distressed properties became the inconsolable victims as there were no suitable buyers, at the same time the mortgage interest rates rose. Well, situations like this wouldn’t take long to be repeated as the safety and security of the US market is surprisingly always at stake. Recession is the biggest fear, thus anyone with distressed real estate properties should always keep in mind the best way to sell a house in NJ.

Educated sellers are turning heads to real estate investors. Let’s talk about what a real estate investor is and how useful they are. A real estate investor looks for properties with low market value due to condition, but located in a marketable area, and buys them. Their purpose, unlike a realtor, is to make money through turning distressed properties into rentals or turn-key properties for sale. The best thing about selling a house to an investor is that being an investor, they have sufficient cash in-hand to make the transaction very quick and seamless. They buy properties and offer cash prices, in many cases cash in your hand within 7 days. You must have seen signs all around saying "We buy houses" – those are the real estate investors. There are more benefits for you by selling your property to an investor.

Take a look –

No commission

Although it might sound too good to be true, it isn’t. Selling a house to a real estate investor does not cost you any commission. Remember, if you are being asked to pay any commission to an investor, it’s a scam. By the rules and ethics of this specified field, real estate investors are not supposed to take any sort of commission; if they do, you can easily report them. If the offer is accepted, the first chunk of change would come immediately to make the contract legal. The homeowner will receive an earnest money deposit (EMD) at the title company for solidification of the deal, and if the investor bails out for no good reason, the money is yours to keep!

Cash offered: Investors pay in cash

Quick closing: There’s no better option than dealing with an investor if you’re looking for a fast closing on your distressed property sale. Investors will typically close within 30 days, but it is not uncommon to close in as little as 7 days either.

You sell it as is

Selling through a realtor comes with a bit of work. You will be asked to keep your house clean and make any repairs needed to make the house presentable and safe. For example – If your house is an old and distressed property, chances are you will be asked to improve its curb appeal and restore its interiors, which will cost you quite a hefty amount of your savings. However, investors buy your property the way it is, you don’t even have to remove your belongings if you don’t want!

Multiple payment modes

Whether you want all your money up front, or prefer more of an annuity, investors can offer different methods of paying you out.

Note:

Investors are typically most interested in discounted properties or those whose value is below market. Hence, selling to an investor is best if you are in need of quick money, need to quickly get rid of your property, or are facing foreclosure.

Turbo Home Solutions is always available for more information.

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