Outside of selling your home to a “We buy houses NJ” company, selling a New Jersey home the traditional way takes time.
But exactly just how much time will it take to sell a property in New Jersey?
The Average Sale Time of a New Jersey Home
On average, this is how long it takes to sell a house in New Jersey in 2020. Typically, the 99 days involves 64 days of waiting to get an offer, with the remaining 35 days reserved for closing.
This is 19 days longer than the national average of 80 days. However, it’s worth noting that this is an average number. This means that the numbers can and will vary depending on when you put your house on the market.
When Is the Best Time to Sell a New Jersey Home?
Numerous factors affect when the best time to sell a New Jersey home is, but, according to recent market data, June is the best month to put up a New Jersey house for sale. On average, it only takes properties in New Jersey 50 days to get an offer when put up for sale in June. On the other hand, selling in February is the worst time because it takes an average of 82 days before a property receives an offer.
To get the most profit though, you’ll want to sell your New Jersey home in July, where houses usually sell for around 6-7% more than the annual average.
Ultimately, June and July seem to be the best time to sell a property in New Jersey, which is hardly surprising. This is mostly because many parents are on the lookout for a new home before school starts in August.
Selling to a We Buy Houses NJ for Cash Company
Because of New Jersey’s robust real estate market, it attracts its fair share of real estate investors. In particular, cash buyers and house-flippers usually scour the real estate market for good deals.
In general, it’s a good idea to sell your house to a “We buy houses NJ” company if you need your money fast.
The main advantage of selling to a cash buyer is that the process involves relatively little stress compared to the traditional home selling process. This is because you don’t have to list your property or entertain potential buyers anymore. You’ll just be working with one party, and that’s it.
The best part here is that it doesn’t usually take more than a month to sell and close the deal when selling a property to a cash buyer.
Basically, what happens is that the cash buyer gives you an offer and if you accept, the two of you will work out a closing date that’s favourable to you, and that’s it.
Even if you are in no rush to sell your New Jersey property, it’s still a good idea to ask for an offer from a cash buyer just in case you no longer want to deal with the hassle of listing your property or going through the standard private sale process. After all, the worst thing that can happen is that you’re tempted to sell your house to a cash buyer for little to no hassle for a minimal loss in profit.