If purchasing a new home is contingent on getting the best possible price on the current one, you might want to know the best time to sell a house in New Jersey. We’re going to reveal the answer, as well as talk about the pros and cons of each season.
You should know there are several mitigating circumstances that contribute to timing your home sale just right. When everything depends on maximizing profit, you need any advantage you can get. The best month for selling in New Jersey is considered to be June. But it’s not nearly that simple.
The Real Estate Market
The real estate market conditions and current mortgage rates determine in large part the best time to sell a house. Currently in New Jersey it’s considered a seller’s market. That’s a desirable advantage to have, meaning there’s a high demand but a shortage of available homes. Sellers can charge higher prices and there is less competition.
In a buyer’s market, homes stay on the market longer, because there is an excess supply of homes for sale. This forces sellers into competition, resulting in lower prices and more concessions. The competitive advantage goes to the buyers when the market is in their favor.
The Realtor
Take care to hire the right real estate agent, as he or she will play a crucial role in the selling process. A good agent will help bring serious buyers to the table. If you have a top-notch realtor, this gives you further competitive advantage.
Additionally, New Jersey realtors are intimately familiar with current market trends, and how to use them to sell your house faster. For example, one of the current trends is virtual tours and open houses. Realtors can reach many buyers in this way who might otherwise be missed.
Selling in the Spring
In New Jersey, spring is typically considered the busiest time of the year for the housing market. Starting in early spring and going into summer break is when many potential buyers flood the market. June ranks as the best month to sell, on average.
Spring weather is one of the contributing factors in higher, faster sales. You may be able to get a better price when selling during this time of the year. If you’re looking at seasons, selling your house in the spring typically makes good sense.
Sell During the Fall
Families with children may be shopping for a new home to start off the new school year in the fall. October in New Jersey is also a good month to sell, when buyers are anxious to close before the holiday season and winter months ahead.
If you sell your property in the fall, you can use the beautiful foliage to your advantage with high quality photos of your home. You can even use the upcoming holiday season to your advantage, decorating your property in preparation for buyers.
Winter Months in NJ
Unfortunately, the winter is the worst time to sell in New Jersey. The market is slow throughout the country in the winter, and homeowners often have to lower their prices for a sale.
In fact, if you’re attempting to sell during the winter, you may have to start out with a lower asking price. No one likes to go home shopping when it’s freezing cold outside, and homes look less inviting.
Additional Contributing Factors
The average time a house stays on the market in NJ is around 75 days, from start to finish. If you have plenty of time to be able to secure an above average sale price, then research like this can be helpful. But there are other factors that can help contribute to a faster sale.
For instance, curb appeal is very important to prospective buyers. You should spend time improving yours as much as possible. A coat of fresh paint can do wonders for the overall impression of your home. Make sure your landscaping is pristine and the front entrance is welcoming.
A Faster Alternative
If you prefer speed in your home sale, there’s a faster alternative available. Here at NJ Cash Buyers, you can sell your New Jersey house fast for cash, and get your money in as little as 7 days! There’s no obligation for a free offer.
In fact, before you put your house on the market, why not get multiple offers from local cash buyers? We’re confident you’ll choose us, as our offers average 1.75X higher than the competition’s. But more importantly, we don’t believe in taking advantage of people who may already be in an uncomfortable situation. Our customer service is top-notch.
The Advantages of a Cash Home Sale
There are multiple benefits to a cash house purchase, each providing enough value to make significant monetary considerations. For example, we buy houses in “as is” condition, and there’s no inspections to worry about. This means you have no responsibility to make any repairs, or even to do any cleaning, before you leave.
Furthermore, you get to choose your own closing date, whether you need to close lightning fast, or you need extra time to find a new home, we’ve got you covered at NJ Cash Buyers. You’ll pay no closing costs and no commissions, in fact there’s no charge at all for our services. We don’t pressure you and there is never any obligation to accept our all cash price.
How it Works
To get your cash offer, all you do is fill out this short form. A representative will be in touch within 24 hours to schedule a visit to your property address. The cash house buyer will come to the location and discuss your individual situation and concerns. They will walk through the house with you and address any issues, and will be prepared to make you a cash offer on the spot.
If you decide to accept the offer, the entire process is handled quickly and efficiently, and you can have the money from the sale in as little as 7 days! Many homeowners find this convenience invaluable in a home sale in particular. Why not get your no obligation cash offer today?