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How To Price Your Inherited Home In New Jersey For Sale

By Cardwell Thaxton

If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in New Jersey for sale…

Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can also (quite frankly) be a costly burden. So, selling it makes sense and allows you to use the gifted equity for some other purpose. But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while. So, here’s how to price your inherited home in New Jersey for sale…

Tip #1: Price Quick To Sell

Some people price their inherited property at an amount they think the market might pay for the house. However, there are many factors that go into this price and one of the biggest considerations is: how fast do you want to sell? Selling through an agent “on the market” can take months, and you’ll have to pay for the house and maintain the property the entire time. That can be costly and can eat into the higher price.

Many property owners quickly learn that they’re almost better off to price slightly lower for a faster sale… they might get less for the house, but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that might turn out to be a total wash.

Tip #2: Avoid Pricing Based On Fond Memories Or Emotion

One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market, but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.)

A better approach would be to work with a real estate company and find out what they can offer you and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!

Tip #3: Build In Discounts For Repairs

If you inherited the property from a loved one who had lived in the property for many years, then you might find out that the property needs some repairs. You could choose to do this work yourself and then ask for a higher price but why do that when you could save yourself the time and effort (and what you’d have to pay for equipment, supplies, or a contractor) and instead just ask for less and give a “repair discount”. That way you avoid the hassle of the work, and you still come out the same financially.

Summary

An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in New Jersey for sale.

5 Things You Can Do To Sell Your House Right Now New Jersey

By Cardwell Thaxton

Are you looking for a way to sell your house right now in New Jersey? In this post, there are 5 things you can do to sell your house right now in New Jersey. We will provide you with all the information you need so you can sell your house fast!

With the ripples in the economy and so much uncertainty for the future, many people are thinking about selling their homes. However, when you work with a real estate agent in New Jersey, the process can take a long time. Ultimately, the longer it takes for you to sell your house, the more it is costing you. Below we offer some tips to sell faster and what you can do instead of listing your house in the traditional manner. As always, if you have any questions about the market or your property, feel free to reach out!

Work With An Investor

Working with an investor is the fastest and most convenient way to sell a house in New Jersey. That said, not all investors are the same. When working with an investor to sell your house in New Jersey, you’ll need to work with someone who is experienced, fair, and has a genuine desire to help you with your situation. At The Cardwell Thaxton Group, we will make you a no-obligation offer for your house in New Jersey. If you decide to sell to us, we can close in only a matter of days. By working with an investor, you will be able to sell your house almost immediately, without any cost to you.

Price It Low

If you decide you want to put your house up on the open market and you need to sell if fast, you’ll need to price it to sell. This means going lower than what other comparable houses are listed for. While this strategy can help you sell fast, you do have to factor in your other selling costs in addition to the deep discount you are offering on your asking price. If you price your house to sell fast and you are working with an agent, you will have a number of other costs to contend with as well. Between commissions, closing costs, marketing expenses, and the continued holding costs, you may be out more money than you think. Before pricing your house low, run the numbers to make sure it makes sense for you. Working with a direct buyer will typically net less than retail, however, you won’t have to worry about any of those additional costs.

Fix It Up

It may seem counter-intuitive to spend money on a house you want to sell, but by fixing it up, you will likely be able to attract more potential buyers. That said, investing in an unwanted house can be risky as there is no guarantee you will see a return. Try to avoid any large projects that will consume your time and money. Instead, focus on smaller, more cost-effective improvements that will have a big impact. Changing out hardware, adding some plants, and a fresh coat of paint can all work wonders for attracting people to your house.

Amp Up Your Marketing

With the economic shift happening, some experts believe that there will be a lot of people needing to sell their houses in New Jersey. If you are trying to sell in the traditional way, you’ll need to amp up your marketing to help your house stand out from the competition. You can host interesting open houses, create a one-of-a-kind virtual tour, or advertise in places where your competition isn’t. You should also enlist the help of a professional photographer and staging company to help showcase your property in its best light. When stepping up your marketing game, make sure that the costs are justified. You don’t want to spend a fortune marketing the property with little to no result. Photography, virtual tours, and open house costs can quickly add up, make sure your efforts are worth it!

Utilize A Short-Sale

While this method isn’t always ideal for home sellers in New Jersey, it can get you out of a tough situation rather quickly. With a short sale, the homeowner works with their lender to determine an agreed-upon price for the sale that is less than what you owe. Only certain homeowners are eligible for a short sale. To qualify, you will need to be able to show your financial hardships. The process can take a while, so be prepared to wait around for a while for the process to be completed and isn’t always the best option when you need to sell your house fast in New Jersey.

Selling a house in New Jersey can feel overwhelming, especially with everything happening in the world right now. Working with The Cardwell Thaxton Group will give you the power to sell your house fast, without any costs, hassles, or waiting.

5 Things Homeowners Should Know About Working With A Real Estate Agent in New Jersey

By Cardwell Thaxton

Do you need to sell your house in New Jersey? In our latest post, we offer 5 things homeowners should know about working with a real estate agent to help sell your house. 

When it’s time to sell your house in New Jersey, your first instinct may be to call up a local real estate agent to quickly get your house up on the MLS. While this works for some homeowners, there are a few things you should know before hiring a New Jersey real estate agent to help you.

The Costs Can Be High

If you decide to sell your house with a real estate agent in New Jersey, make sure that you are aware of all of the costs that typically go into a successful listing. Aside from the thousands that will be deducted from your offer when the house sells, you will have a number of expenses to deal with before your house even hits the market. To start with, you’ll need to make some basic repairs and have the house professionally cleaned. You could be faced with marketing costs such as photography and staging that isn’t covered in the scope of your listing agreement. Some homeowners will even have an inspection done on their own, so they know what to expect when their potential buyers have one done. Add all of this to your holding costs, and you’ll see how a simple listing can quickly turn into bills costing thousands.

It May Take Awhile

While this varies from neighborhood to neighborhood and city to city, it will typically take much longer for a traditional sale to be completed as opposed to a direct sale. In fact, when looking at nationwide statistics, houses will take over two months to get an offer on average. While your house is listed, you will still have to pay taxes, maintenance, your mortgage, utilities, and insurance. Not to mention, you will have no idea how long the sale can take, giving you zero ability to plan ahead. Don’t miss out on your dream property because your house is caught up in a listing agreement that doesn’t make sense.

Not All Agents Are The Same

While some agents are there to help and provide genuine service to their clients, there are others who are simply after that commission check. They will encourage you to make expensive upgrades to sell the house faster, they will encourage you to take less than it’s worth just so they are able to cash in before your agreement expires. If you decide to list your house with a real estate agent in New Jersey, make sure it is someone who comes highly referred and that you are certain you can trust.

Your House May Not Sell

Just because you list your house and ask for a certain amount, does not mean that you will get it. Many sellers get frustrated when they find themselves spending money t list their homes for sale, only to hear crickets. Just because you fix things up and spend money making the house look as good as possible, does not ensure you will get an offer. If you decide to list and spend money getting your house ready for the MLS, make sure that you won’t be devastated if you do not see the returns you are after. When working with a real estate agent in New Jersey, there is no guarantee if or when you will receive an offer. And if you do get an offer, they may try to negotiate for a lower price.

You Have Other Options

The good news is that hiring a real estate agent in New Jersey is not the only way to sell your house. For certain houses and situations, investing money into the property before selling it can be a huge waste. Factor in the commissions, holding costs, and closing expenses, and you could be looking at thousands of dollars down the drain. Another approach is to sell your house to a direct buyer such as The Cardwell Thaxton Group. Working with a direct buyer will allow you to sell your house in just a few short days without any fees deducted from the offer or money spent out of pocket. You’ll know exactly what to expect and when the closing will take place.

If you need to sell your house in New Jersey, be sure that you are aware of all of your available options and how they will affect you. People aren’t always aware of the costs, time, and frustrations a listing can entail. Homeowners have been known to brush off the idea of a direct sale because of the lower prices associated with them. However, once you factor in the time, money, and energy that goes into listing your New Jersey house, you will see that the selling methods will produce similar results. We encourage you to run the numbers for your property so you can choose the option that makes the most sense. Please reach out to us if you have any questions about what we do and how we can help you sell your house fast in New Jersey!

How The Cardwell Thaxton Group Is Helping Homeowners in Lawrence Township While Improving the Communities Nearby

By Cardwell Thaxton

How The Cardwell Thaxton Group is helping homeowners in Lawrence Township while improving the communities nearby. Professional investors understand the risks involved in taking on the problems of homeowners. If you have had even the slightest experience in real estate, you have heard the phrase “location, location, location” as the primary requirement of making a good real estate investment. The location has a powerful influence on the long-term value of the property. After all, passive income is the real estate investor’s goal.

Firm investments should always be in the best location available within the investor’s budget, the more attractive, the longer it will hold value. As professional real estate investors conducting our day-to-day business at The Cardwell Thaxton Group means homeowners in the area will continue to realize a higher return on their investment per unit. Read on to learn more about how The Cardwell Thaxton Group is helping homeowners in Lawrence Township while improving the communities nearby.

Significant Role in Property Values

Properties that have fallen into various states of disrepair, from overgrown lawns which are eyesores to abandoned homes that attract criminal activity, cause the price of nearby homes for sale to fall on the market. Professional real estate investors like The Cardwell Thaxton Group quickly rehab properties, put them back on the market. As a side effect, upgrading the property reduces crime statistics overall, providing the underlying benefit of making the community more desirable, boosting the nearest residents’ quality of life. This positive influence further increases neighboring property values as The Cardwell Thaxton Group is helping homeowners in Lawrence Township while improving nearby communities.

Creating Jobs in Lawrence Township

As professional investors, we repair and restore homes working with a network built from the top professionals from every walk of industry associated with real estate. Starting with the initial meeting with a seller, we make the process quick and easy by handling everything in-house until the buyer moves in.  From the appraiser to the notary and all other people involved, professional real estate investors like The Cardwell Thaxton Group create opportunities. Higher employment numbers also increase property values for the residents in the area overall and is another way The Cardwell Thaxton Group helps homeowners in Lawrence Township while improving the communities nearby.

Fair Offers

We work with homeowners to agree on a fair offer for their homes. We walk sellers step by step through our simple contract, explaining just how we reach our offer. Comps, a process of comparing the subject property to the nearest homes with like features and similar in size sold most recently, help real estate agents, investors like The Cardwell Thaxton Group, and even professional appraisers determine a property’s current value. Understanding the influence that comparables have in completing the home appraisal, it just wouldn’t make any sense for professional real estate investors in Lawrence Township to make insultingly low-ball offers that would negatively impact their real estate investments. Because we pay great prices, The Cardwell Thaxton Group helps homeowners in Lawrence Township while improving the communities nearby.

Quick Closings

We pay in cash and because we don’t have to jump through any hoops for a lender and our team includes every professional required for a real estate transaction from start to finish, we can work extremely fast. You won’t be paying any holding costs as your property listing lingers on the MLS. Inevitably, lingering listings lead to real estate agents advising you to lower your asking price continually. At the same time, your mortgage payments and all of the other bills associated with the property continue, and the clock ticks slowly as you wait for the right buyer to come along. The Cardwell Thaxton Group is helping homeowners in Lawrence Township while improving the communities nearby.

Your Best Interest

We sleep well at night knowing that The Cardwell Thaxton Group is always fair and honest. When we meet with a homeowner, we take the time to listen to what is pushing the drive to sell the home, any problems the sellers may be facing, financial, personal, or with the property itself, and help solve their problems. If working with a traditional real estate agent is doable for you as a seller, we will tell you if that is a better option in your scenario. Our passion allows sellers to gain the most profit from the sale while working within their given circumstances, helping ensure Lawrence Township has a healthy real estate market.

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Just contact us for any home appraisal needs in New Jersey. We  value your homes!

Tight & Right Real Estate Valuation

(908) 456-1593

Our 4 Step Downsizing Plan for Mercer County Homeowners

By Cardwell Thaxton

Do you have a downsizing plan for your house in Mercer County? Lifestyles change and along with them, the requirements you have for a home change as well. In addition to finding your new smaller home and the hassles of listing and selling your current larger home, the task of downsizing can seem overwhelming. Going through a lifetime of memories and belongings can be emotionally stressful as well. We have broken it down into easy to manage steps to help make the process easier for you! Read on to learn more about our four-step downsizing plan for Mercer County homeowners

Sorting

The first step in our downsizing plan for Mercer County homeowners is to sort your belongings, keeping in mind the limits on space in a smaller home. You can begin by sorting items such as clothing and kitchen or household supplies by the amount of time that has passed since last used, a common timeframe for this process is to eliminate items that have not been used within one year. As to decorative elements and furniture, rather than keeping items based on the market value, decide what you will be taking with you by what each piece means to you personally.

Selling

Moving forward to the second step of our downsizing plan for Mercer County homeowners is to sell any valuable items you are ready to discard. The internet provides avenues to sell larger pieces like furniture locally, through sites listing items for sale, local rentals, and jobs, which are heavily trafficked. For more special items, there are sites that specialize in nearly any type of collectible. Additionally, there are sites where specialized items are gathered under one domain, with several categories of listings. Be certain to provide plenty of images of each item.

Donating

For many, giving their items to charity is preferred as a method of clearing all of their items, donating these goods is the third step in our downsizing plan for Mercer County homeowners. Likewise, many people choose to donate those items that are still in good condition but either didn’t sell or do not carry enough value to advertise. Often, charitable organizations will come to your home and pick up the items you are donating, making the process easier for donors. Depending on the value of your donation, you may want to consider consulting your tax advisor in order to take any deductions for which you may be eligible. 

Recycle or Dispose

For those belongings not quite up to par to sell or donate, it is time to decide if they are ready to become trash or recycling material. You may be able to recycle clothing and other textiles as well as electronics. Remember, there are rules governing how much trash can be placed out for pickup as well as how it must be bundled. Depending on how much you are clearing out, you may have hire help to assist you. You may also need to pay to have a larger trash dumpster delivered and picked up after you have filled it.

Ready, Set, Go