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Selling Your Home

Selling Your Home in Essex County

Aggressive marketing and pricing are the "keys" to selling your home in Essex County, New Jersey.

Selling your home in Essex County requires the knowledge and capability to reach a broad audience, positioning your home in front of MILLIONS of potential buyers locally and regionally through print, internet and video. This enormous scope provides your home with the maximum level of exposure. Selling your Essex County home in the shortest amount of time for the maximum value is our goal.

One of the most important elements of selling your home in Essex County effectively is setting the price right. Set the price too high, and you won't get any offers and your home will take too long to sell. Set it too low with the anticipation of a bidding war and then only one offer is on the table and you cheat yourself by not getting your home's full, fair value. Pricing your home in Essex County at TRUE market value at the time of listing will extract the highest price today's market will bear!

Selling Your Home and Buying Another Home?

In a perfect world, you would be selling your home and buying another home all on the same day. That's how I did it 9 years ago! Given that in reality that we don't always live in a perfect world, here are some important things to remember when selling your home and buying another home.

SELLING YOUR HOME FIRST

Selling your home before buying another home minimizes financial hazards. Even if you have to find temporary housing, it’s generally cheaper than two mortgages.
Get a comparative market analysis done of your home. This will give you a good idea of what your house is worth in today's market. That way you'll have a good idea how the sale of your home will effect your purchasing power on the new one. This will help keep you from over extending your mortgage abilities.
Get pre-approved on a loan for the new home.
Until most of your contingencies have been met, wait to put an offer on a new house (easier said than done). You don't want to be left holding the bag, or in this case....a HOUSE. Your buyer may be just like you....buying and selling.
If you’re ready to accept an offer on your home, but haven’t found the right new home, negotiate a long escrow. This will give you more time to look for the new home. Otherwise, look for temporary housing.

BUYING ANOTHER HOME FIRST

It happens. You’re only thinking of buying, and suddenly the right home shows up. Now you have to sell your home quickly. Here are some tips on making things work in your favor:

Negotiating a long escrow on this side of the sale works, too. You can also make the purchase contingent on your house selling. This will work better in a slow market, but it’s worth a try in any market. You never know what may also work best for the seller of your new home. Would you enter into a contract with a buyer if the sale was contingent upon your buyer selling their home?
Try and schedule the closing date of your current home prior to the closing on your new home. Temporary housing is generally a better situation than two mortgages.
Take a close look at not only what price you’re going to ask for your home but what is the home worth to a buyer in today's market. Make sure it’s realistic in the current market.
When you get an acceptable offer, check the buyer’s credit history. You don’t want any surprises that are going to delay things. If you’ve closed on the new home, but haven’t sold the old one, consider renting it out.

SELLING YOUR HOME AND BUYING ANOTHER HOME IN THE SAME TOWN/AREA OR OUT OF AREA

Generally, if you’re selling your home and buying another in the same town/area, you can negotiate closing dates to work for you. You should also be using the agent selling your home to buy another home with. Choosing the same real estate agent to sell your home and buy your new one can make all the difference, turning an otherwise difficult, stressful process into a comfortable, smooth experience. When your buying agent is not your listing agent, it can be daunting for all parties. But when you’re dealing with an out of area move, it’s a bit harder. But with local real estate agent working selling your home, it should be less stressful and they should be able to assist you in locating a real estate agent in your new location.

YOUR FINANCES WHEN SELLING YOUR HOME AND BUYING ANOTHER HOME

Make sure you have a tight hold on, and a clear understanding of, your financial situation when selling your home and buying another home. Speak with your local bank and/or lender to determine your financial options. Your real estate agent should also be able to provide you with reputable loan officer and lender information.

What is your Essex County Home Worth?

Are you thinking of selling your home in Essex County? The truth is buyers want your home for as little as possible which is why you should know exactly what your Essex County home is worth before making such an important decision. Let me provide a quick "Comparative Market Analysis" for you, for free, and with no obligation. Also known as a "CMA", this analysis compares your home to others that are currently on the market and most importantly, to those that have recently sold.

This service is completely free and without obligation. There are absolutely no strings attached. Why? Because you have the right to know what your Essex County home is worth, its TRUE value in today's market. Please provide me with some basic information on your home or call my cell 973-715-1158. I will promptly respond.

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Quickly find out what your Essex County home is really worth, for FREE!

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I Want to be Your Essex County Real Estate Agent!

Essex County Real Estate at its BEST!
Gina@GinaChiricoRealEstate.com
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