If you have a home you need to sell quickly in New Jersey, you have a few options:
- Sell your home with an agent who understands your fast timeline.
- Sell to a We Buy Houses company if your home requires repairs.
There are several reasons why you might want to prioritize speed over getting the highest price for your home. For example, you may need to move quickly due to a change in your circumstances, such as a new job or an inheritance you can't afford to maintain. Regardless of your reason for wanting to sell fast, carefully consider your options so you understand what to expect during the process.
To get cash offers right now, sign up for Clever Offers. A local agent will gather and compare offers for you from leading We Buy Houses companies. Your agent will help you negotiate to get the best price and provide you with a free home valuation so you know what your home is worth on the open market.
What to expect when selling a home in New Jersey
In New Jersey, the fastest month to sell is typically May and the slowest is January.
Pay attention to how the New Jersey market stacks up against the national average in two key areas:
- Median days on market: Number of days it takes to get an offer
- Average time to sell: Number of days on market until offer, plus the average number of days to close
Average time to sell a house in New Jersey
Median days on market
Average time to sell
Based on Realtor.com data (February 2023)
In New Jersey, the current average time to sell is 8.4% faster than than the national average.
» LEARN MORE: Average Time to Sell a House in New Jersey
How to sell my house fast in New Jersey
Best option: Sell your house quickly with an agent
⚡ Quick facts: Selling with an agent
- Percentage of market value you’ll earn: 90–95%
- Average time to sell: 52 days
- Fees you’ll pay:
- Average listing commission: 2.63%
- Average buyer agent commission: 2.50%
- Average closing costs: 3.32%
If you're looking to get the highest price for your home and you're in a hurry, hiring a real estate agent is usually your best option. Your agent can provide valuable guidance and advice to help you sell faster than the average 76 days. One such piece of advice may be lowering the price below market value.
While selling with an agent may take longer than working with a We Buy Houses company, the overall profits are typically higher. However, there are some costs that might reduce your profit, such as your agent's commission, the buyer's agent commission, and closing costs. Learn more about the costs involved in selling a house in New Jersey here.
Selling with an agent is best for…
- People with homes in good condition
- People with at least 30 days to sell
- People who want to sell fast while making the most money
Tips to sell fast with an agent
No one knows the local market better than local agents. They can provide valuable advice when you're looking for a quick home sale. Here are some tips to sell your home quickly from realtor Mildrene Volcy of Trusteed Homes Group and Good Shepherd Realty in Maplewood, New Jersey.
Hire an appraiser. Don't look to Zillow or other online valuations to price your home. "None of those matter when looking for an accurate home price," says Volcy. You can hire an appraiser for about $500 to make sure you are listing for the right price.
Consider the school district when listing. Buyers pay attention to the county and school district when shopping, says Volcy. If your home is located in a desirable school district, make sure you include that information in the listing.
Ask your realtor to list as "Coming Soon" on the MLS. Volcy says that giving buyers and agents a sneak preview of your listing just before it hits the market. Buyers' agents will be happy to let their clients know about new inventory, and they may even ask to see the home early.
💸 How cash offers work
Cash offers are the fastest path to closing because the buyer doesn't need to get a loan. The financial institution doesn't have to spend time checking the buyer's financials (known as the underwriting process). There's also less risk of the buyer's financial situation changing in a way that puts the sale at risk.
When listing with an agent, you can state your preference for cash offers. Keep in mind, though, that this might limit the number of offers.
Option 2: Sell to a We Buy Houses for Cash company
⚡ Quick facts: Selling to a We Buy Houses company
- Percentage of market value you’ll earn: 50–70%
- Average time to sell: 3–21 days
- Fees you’ll pay: None
If you need to sell your New Jersey home as quickly as possible, sell to a We Buy Houses company, also known as a cash buyer company. These companies are owned by investors who are willing to pay cash for your home, allowing you to close the sale in as little as a week. They can close that fast because you don't need to wait for their financing to be approved.
There is a trade-off for this speed. We Buy Houses companies typically only offer around 70% of a home's market value, as they need to factor in the cost of any renovations they plan to make. To get the best deal, get offers from multiple companies and compare them before making a decision.
The process of selling your home to a We Buy Houses company in New Jersey is usually fairly straightforward. After you contact the company, a representative will schedule a visit to tour the property. Once the walkthrough is complete, you'll receive a cash offer. You aren't required to accept the offer, so consider all of your options before making a decision.
We Buy Houses companies are best for…
- People who want to sell their homes in as-is condition
- Sellers with no iBuyer option in the region
- People with inherited homes (for more info, see our Stress-Free Guide to Selling an Inherited House)
How to choose a We Buy Houses for Cash company in New Jersey
There are many cash buyer companies in New Jersey to choose from. Start your search by reviewing our top 5 We Buy Houses for Cash companies in New Jersey.
During your research, compare reviews from past clients and how quickly the company can close. Some companies can close in a week; others take up to a month.
Some sellers, after seeing what they might think is a lowball offer, wonder if We Buy Houses companies are a ripoff. Despite the lower offers, most cash buyer companies are legit investors. If the price is too low, you can always decline the offer. To protect yourself, refuse to sign anything before seeing a firm offer, and walk away if anything makes you uncomfortable.
Why trust us
The author, Jon Stubbs, has spent hundreds of hours researching ways to sell homes quickly. This research includes interviewing real estate agents and representatives from iBuyers and cash buyer companies. The author has written dozens of articles on selling homes with a listing agent as well as non-traditional selling methods.