The frenzied market has caused a big change in N.J. real estate more cash buyers
Updated 12:50 PM;
More buyers in New Jersey’s red-hot real estate market are relying on an old virtue to get their offers accepted cash is king.
Real estate agents throughout the state have said their buyers are often losing bidding wars to offers that are cash, meaning the sale is not contingent upon the buyer getting a mortgage to close. Cash buyers also run the risk of losing their deposit, so their offers are seen as more committed. And an appraisal isn’t needed for a cash purchase, eliminating another contingency.
These 7 cheap fixes will get you more money when selling your N.J. home, agents say
Updated Mar 14, 2021;
Packed open houses. Listings selling in days. Bidding wars.
It’s a seller’s market especially in New Jersey where inventory is low but closed sales were up more than 17% this January over last January and the average sales price on a single family home has jumped 22% to $504,585.
But if you’re looking to put your house up for sale there are still things you can do to draw more interest, get more money and save yourself headaches during the home inspection process.