There are many factors to take into account when you are selling your NJ property, and timing is an important one. The time you sell your home can affect the price you will get for it in the end as well as the time you take to make the sale.
Currently, the best time to sell your property in New Jersey is in July. People who list their houses in this month usually manage to sell it at a price that is 9% higher than the average. July is also the best month if your priority is to sell your house fast. Data from Redfin shows that sellers who list their New Jersey houses in July get offers in about 53 days. This is a substantial 27 days less than sellers who list their homes in February, the slowest month.
Now that you know the best time of the year to sell your NJ property in terms of speed and profit, you need to determine the best time for you. Selling your home is no small decision so below are some things for you to think about to allow you to take this big step with confidence.
When Selling your Home makes Financial Sense
At times, there is not much of a choice. You may be facing foreclosure or maybe you’ve just had a divorce and the living expenses are too high for you to manage them on your own. Or it may simply be that property taxes are constantly on the rise and you would like less of a burden. Whatever the situation, when living in your current home is bringing you financial problems, it is best to sell it.
When the Market Conditions are Ideal
There are just some offers you are unable to resist. When property prices are soaring and you know that you are going to have to sell your house eventually, it is probably a good idea to do it then. After all, you never know when there will be another chance to make such a huge profit. Take it while you can.
When You want to Downsize or Retire
If all your children have moved out and you have too many empty rooms in your home, it just seems right to downsize. Or maybe you’re tired of spending so many years in New Jersey and you want to live out your retirement elsewhere. It is very common for people to sell their homes when they retire so if you feel the urge to move somewhere else for that dream retirement, go for it!
When Your Home Cannot Accommodate Your Lifestyle
Sometimes, life just gets in the way of you living in your current home. Maybe your family has grown too large and your house no longer has enough space to accommodate everyone. Or maybe you’ve just been offered that job you’ve always wanted but it’s located too far from where you live. At times like these when you current home is holding you or your family back, the only logical thing to do is to list the house. If you would like to sell your NJ property, feel free to contact us at (201) 771-1969 or email us at Josh@NJLux.com
