Real Estate in New Jersey
Real Estate in New Jersey
is a very valuable commodity.
Whether you are referring to North NJ, Central NJ or South
NJ; real estate in New Jersey has a tremendous amount of
value. This is if you are interested
in selling or buying.
This is from a recent article from
APP
Tips for Selling a Home in a Changing Market
An experianced home inspector provides tips for selling your home
in a changing market.
West Paterson, New Jersey (PRWEB) August 1, 2006 --
Buyers and sellers alike are rapidly discovering the near vertical price
rise of real estate in the past decade is no longer occurring. There have
been more than a few slow downs in real estate price rises over the past
decade but none where sales have fallen flat to down in many regions of
the country.
Homeowner's have become use to setting a price on a property and waiting
for buyers to beat down the door, frequently offering over asking price.
That is not happening much any more.
Buyers were ignoring cosmetic defects. After a home inspection sellers in
the up market were able to tell buyers they were fixing nothing and if
the buyer did not buy the home there were plenty of back up buyers in
line.
Prices have been staying very high with few if any real price reductions.
If sales continue to slow price decreases are inevitable.
What is a seller who wants their home to sell faster and for a higher
price to do?
The same things people use to do when they sold a home before the market
got crazy.
First of all the cosmetics. Clean the house. Not just clean it like you
usually do but really clean it. Get a storage unit and really clear out
the clutter, getting rid of old furniture and excessive storage. Make
sure you wash down the walls, ceilings, doors and trim. Paint the
interior and exterior of the home. Make sure the exterior of the home is
in absolute tip top shape and ready to show.
Many people who have been in the same home for years have grown
accustomed to the look of the home and do not realize that components of
the home are worn, dated and could use some freshening up.
Hiring a home inspector to go through your home with you can also be a
great benefit. Many homeowners are truly not aware of problems that have
occurred inside boilers, furnaces, electric panels, crawl spaces or
damages that are being caused by insects such as termites and carpenter
ants. These problems will surely crop up anyway and may turn off a
qualified potential buyer. It is better to get the problems out into the
open so you have the opportunity to repair them before they become real
issues later on.
Having a few area Realtors come into the home can provide a refreshing
insight as to little changes that can make the home more salable. Do not
hesitate to ask each Realtor who enters your home exactly what changes
they think will make your home more salable. Tell them flat out you will
not be insulted and listen to what they have to say.
The above was written by Michael Del Greco, President of Accurate
Insepctions, INc, West Paterson,
NJ and owner of
http://www.NewJerseyHomeInspection.com
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Tip #23
Home Buying Tip, Big Ticket Items:
Before you buy a home
you should avoid buying any big ticket items. When this is found out during the
credit process or reporting it can make mortgage banks nervous.
Even if you will be able to get a loan, you might not be able to get
the best available interest rate.
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Tip #24
Home Selling Tip, Listing Right:
A common mistake when people list their house (especially in a
buyers’ market) is list the house at a high price that they
don’t anticipate to sell it at.
They figure that if they get it then GREAT but if not they can
always lower the price.
This is not a good practice because what mostly happens is it will
stay on the market for a while and make potential home buyers nervous because
it’s been on the market so long.
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