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Selling a home is a major financial decision. The Beach Haven West real estate market has become more challenging for sellers in the wake of Hurricane Sandy however with the proper pricing and marketing plan, there are some excellent opportunities for sellers.
Selling a home in any real estate market comes down to two core concepts. They are pricing and marketing. If a home is not priced correctly, no matter of marketing will be able to sell the home. Buyers are very aware of home prices and market trends so it is of the utmost importance to ensure a home is listed to be competitive in the Beach Haven West real estate market. Likewise, if a home is priced well but not marketed correctly, buyers will pass it by!
Apart from the price, any seller in the Beach Haven West real estate market should consider the following:
Most transactions in the Beach Haven West real estate market will contain a mortgage provision so a cash offer can be especially strong as it eliminates the prospect of a buyer not being approved for a loan. The closing date should also be considered. As a seller, the object is to net the most money possible from the transaction. If offers are close in price and terms, a faster closing date can mean less carrying cost on your end. The savings in mortgage payments, insurance, property taxes, etc. can make one offer far more appealing. Lastly, a home inspection is a major impediment to a home selling. Even the cleanest of homes will most likely turn up some issues so a buyer willing to waive a home inspection provision is eliminating one less road block to the closing table!
The graph below illustrates the importation of pricing a home correctly in the Beach Haven West real estate market. The centerline shows the fair market value of a home in Beach Haven West. As you move in price above or below the fair market value, there is a direct impact on the percentage of buyers your home will appeal to.
We work to provide you with a complete picture of the Beach Haven West real estate market to help you understand the current market trends, what similar homes are selling for and what determines the value of a home in the Beach Haven West real estate market. Contact us to request an evaluation of your home's value!
Second only to pricing, marketing a home is the most important step to selling a home in the Beach Haven West real estate market. The chart below shows the source of buyers in the 2014 real estate market. The Internet is clearly the most important factor in marketing.
We employ one of the most comprehensive marketing platforms in the industry with a heavy emphasis in online advertisements. We create individual property websites for each of our listings complete with virtual tours, floor plans and much more!
The question of what should be disclosed after Hurricane Sandy is rather simple. In short, any known condition must be revealed to a potential buyer. In the case of a home that was damaged and not repaired, this can be challenging. These homes are typically sold strictly as is, with no representations made to the condition or safety of the structure. For most buyers, these homes will be purchased strictly as a tear down and a condition of the structure will be irrelevant. What is far more important when understanding Beach Haven West property disclosure after Hurricane Sandy, relates to homes that were damaged and repaired. While every situation is different, in short a seller should disclose:
Disclosing the known conditions of a home can help to protect the seller from potential lawsuits. It is in a seller’s best interest to be upfront and honest with any condition they are aware of, as it will often times create a smoother transaction and achieve the ultimate goal of getting a home sold.
Learn about the Beach Haven West and Stafford Township areas in Southern New Jersey.
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