The success of selling your house depends on the market conditions in your local. In this post, you’ll read about how to take advantage of a seller’s market in New Jersey for home selling…
In a buyer’s market, there are many sellers (supply) and not many buyers (demand). In a seller’s market, it’s the opposite – a lot of buyers looking to purchase, but house inventory is low. If you’re looking to sell your house in a seller’s market, you have the advantage already of having a scarce product that buyers want.
Here’s how to take advantage of a seller’s market in NJ for home selling…
How To Take Advantage Of A Seller’s Market In New Jersey For Home Selling
Advantage #1 You Can Ask A Higher Price
You have what they want! That means you can ask for a higher price and usually get it! As inventory is low in a seller’s market, buyers don’t have as many choices to pick. So the first way to take advantage of the seller’s market is to simply ask for more money.
Advantage #2 Ask For Or Remove Conditions
Price is just one component of selling a house. But selling a house in a seller’s market also has other advantages, like negotiating the terms of the contract – including an inspection, a site survey, repairs, or appliances that will remain in place. But these are what the buyer might ask for. As a seller, you can also ask for certain conditions like not making any repairs, a higher earnest deposit, and negotiate a longer move-out date as well.
Advantage #3 Generate Multiple Offers
Having multiple offers will give you the freedom to pick the one that fits you (and your pocket) best, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.
And that’s how to take advantage of a seller’s market in NJ! If you’re selling your house in New Jersey during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.
And don’t forget that we’re house-buyers as well and we’d love to give you a fair all-cash offer to buy your house today.
There’s no obligation so doesn’t it make sense to at least see how much we’d pay? Get in touch with us by phone at 1-888-WE-BUY-NJ or by clicking here and filling out the form.