Myths about selling real estate can sometimes mislead people, so it’s essential to separate fact from fiction. Here are three common myths that people might believe about selling real estate in New Jersey:
- Myth: Spring is the Only Good Time to Sell:
- Reality: While spring is traditionally considered a prime time for real estate transactions, it’s not the only opportune season in New Jersey. The real estate market can be active throughout the year. Factors such as low inventory, high demand, and favorable interest rates can make any season suitable for selling.
- Myth: Setting a High Price Leaves Room for Negotiation:
- Reality: Overpricing a property can deter potential buyers and result in the property sitting on the market longer. Buyers often have access to market data and may be unwilling to consider properties priced significantly above market value. It’s crucial to price the property competitively based on comparable sales and market conditions.
- Myth: You Can Save Money by Selling Without a Real Estate Agent:
- Reality: While some sellers may consider selling without an agent to save on commissions, it can be a complex process. Real estate transactions involve legalities, negotiations, and market knowledge. A skilled real estate agent can provide valuable expertise, marketing strategies, and negotiation skills, ultimately helping sellers achieve better outcomes.
It’s important for individuals involved in real estate transactions in New Jersey to base their decisions on accurate information and consult with real estate professionals for guidance. Local market conditions, legal requirements, and buyer preferences can vary, and having the right information is crucial for a successful sale.
While popular beliefs may be chock full of intriguing details, they are hardly the truth about selling real estate. Even if it is a false narrative, what we believe can significantly influence our decisions. When it comes to selling your home, it’s best to have your eyes wide open to all of your options. Don’t allow the misguided advice of others to lead you down the wrong path with what may be one of the most significant financial transactions of your lifetime.
In taking the time to learn more about these myths, you may save thousands of dollars by making a well-informed decision, keeping more of the equity you’ve built for yourself. So read on as we explore three myths people believe about selling real estate in New Jersey.
Sell It Yourself and Save Money
One of the most famous fables people believe about selling real estate in New Jersey is that you’ll save money by listing your home as an FSBO. Typically, this option is selected to save the high real estate commissions and other fees to earn a higher profit on the sale. Statistics, however, tell another story indeed. Only eight percent of home sellers tried this sales method in 2020, and the homes that did sell sold for significantly lower prices, in most cases costing the sellers more than the real estate agent commissions would have been on the current market value. However, did you know that you could work with a professional buyer, like those at Tristate Holdings 167 Inc., to buy your home without paying the expense of commissions?
Open Houses Sell Homes
Another myth people believe about selling real estate in New Jersey is that they must prepare their homes, set out drinks and snacks, vacate the property and allow their agent to hold open houses to sell their homes. However, as a real estate agent, the interest in holding an open house isn’t typically to sell the property, although it is nice when it happens; instead, their goal is to find new clients interested in buying property. Furthermore, while most walk-throughs at open houses are nosey neighbors or looky-loos, some are also thieves who want to scope out the property. The truth is that most homebuyers find their new homes online, and if a buyer was genuinely interested in your property, they could simply call the agent and set up a showing. Did you know that you won’t have to worry about open houses or showings when you sell directly to a professional buyer like those at Tristate Holdings 167 Inc? You’ll save the prep costs, and any worries about passing the inspection go out the window because at Tristate Holdings 167 Inc., we buy houses as-is.
You Can Guesstimate Your Sales Price
Another one of the myths people believe about selling real estate in New Jersey is that by viewing a few listings online, you can determine what your house can sell for with a close guesstimate. But unfortunately, the incorrect sales price on a listing, whether set too high or too low, can cost sellers time and profits. In addition, an error in either direction adds time to your listing because buyers will likely continue to scroll through the thousands of listings available at their fingertips. Did you know a professional buyer like those at Tristate Holdings 167 Inc. will detail your profits on listing with an agent vs. a direct sale so that you can make an educated decision?
Working with the professional investors at Tristate Holdings 167 Inc.chases away the myths about selling real estate in New Jersey, saving you valuable time and money. Let the pros at Tristate Holdings 167 Inc. help you solve your problems. Call Tristate Holdings 167 Inc. at 1-(888) 788-7478.
Tristate Holdings 167 is a team of Cash Home Buyers. We Buy New Jersey Houses in the following areas, (Atlantic City, Bayonne, Burlington, Camden, Cherry Hill, Elizabeth, Fort Lee, Jersey City, Maplewood, Newark, Paterson, Perth Amboy, Sussex, Trenton, Union City, Willingboro, Egg Harbor Township, Absecon, Galloway, Hammonton, Hamilton, Pleasantville, Northfield, Somers Point, Linwood, Brigantine, Ventnor City, Egg Harbor City, Buena, Estell Manor, Folsom, Margate City, Longport, Mullica, Port Republic, Buena Vista Township, Weymouth, Corbin City), and other areas of New Jersey.
Whether you are trying to avoid foreclosure, inherited a property you do not want, dealing with a divorce, or are fed up being a landlord dealing with tenants, we can help. If you need to Sell Your New Jersey House Fast, we offer Cash For Homes in New Jersey!