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selling a home

Performance Property Real Estate Question

Should You Buy A New Home Before Selling Your Old One

Q: My wife got a new job out of state so we are going to sell our home and move. If we find the new home we want before we sell our current home, should we still buy it anyway? Steve, Passaic, NJ A: Buying and selling a home is a personal financial decision that should be made based on your financial goals and your current financial condition/situation. Having a new home lined up can give you peace of mind when selling, and give you more flexibility to move out on your own time; however, signing a contract to buy a new home before you sell your current home certainly carries a risk. If you close on your new home […]

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Real Estate Tip

Gerald’s Real Estate Tip of the – Week of 10/9/18

The most interest you get from buyers when you sell a home occurs within the first 30 days it’s on the market, so make sure your asking price is realistic based on similar recently sold homes.

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Real Estate Insight

Average Days On Market

The average number of days on market for single family homes to sell in NJ fell 13.6%  from last year from 81 days in 2016 to 70 days a year earlier in 2017.

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Performance Property Real Estate Question

Renovations You Should Do Before Selling A Home

Q: Gerald, we are about to sell our home.   We’ve lived here for many years and there are some things that need fixing.  Which renovations should we do before we sell our home? Emily, Portland, Oregon A: Hi Emily, that’s a great question and it’s one that I get asked all the time.  The best approach is probably not what you expect.  Most of us want to get the highest price we can for our property when we sell so we often assume that it’s in our best interest to do repairs and renovations before we sell.  Although it may seem counterintuitive, in most cases it’s not in our best financial interest to do renovations right before we sell because […]

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Performance Property Real Estate Question

How To Get The Highest Price When You Sell A Home

Q: Gerald, I’ve been arguing with my business partner about what sales price to start with on a house we just rehabbed.  We want to get the highest price we can, any suggestions? Reggie, South Orange, NJ A: Reggie, great question.  Like you and your business partner, everyone wants to get the highest price they can when they sell a  home.  The a mistake that a lot of people make when they sell a home is overpricing their property.  I understand the mistaken logic that many people use when they make this critical error–they figure, if their property is worth say $250,000, maybe I should put the property on the market at $300,000 and see if I get any takers?  […]

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