Is It Smarter To Rent or Buy A Home in NJ in Today’s Market?

Buy A Home In Nj | Best Real Estate Agent | Buy And Sell Homes In Oradell Nj

As real estate professionals in NJ wait for this nationwide housing bubble to burst, many people who are looking to buy a house in the current market are asking if that’s actually the best decision. With the housing market like it is it is smarter to rent or buy a home in NJ? Keep reading for some questions to consider.

How Much Do You Value Home Ownership?

When it comes right down to it, the most important question you should ask yourself before buying a home in NJ is how important home ownership is for you. Do you love the idea of having “roots” where you can plant yourself, or would you rather have the freedom to move? Would you rather perform your own home repairs (and make it look just how you want it), or would you rather have someone else dictate (and cover those repair costs)? Finances and economic uncertainty aside, these factors will remain, and are far more important.

Do You Want to Buy A House in NJ for Cash, or Finance?

If you’re planning to finance a home purchase in NJ, keep in mind that interest rates are very high right now. As the federal government tries to get a handle on inflation, interest rates, including mortgage interest rates, are very high. You may be better holding off on a major purchase if you cannot cover the cost of all that interest. On the other hand, a cash purchase at this time would not suffer those same inflated costs, putting you in a more powerful position when buying a home in NJ.

Are You Purchasing a Home To Live In, or Investing In Real Estate?

Not only are home prices and interest rates high, rents are high across NJ and the nation. If you are investing in real estate in NJ, this could be a great time to buy a rental property. You’ll enjoy the equity and the rents! On the other hand, if you are buying a home to occupy yourself, you may want to try to ride out the housing market. Will it go higher? Will it burst and drop your home price by thousands? Nobody knows the future, so your personal situation is what matters most.

You have many difficult decisions to make when looking for a home for sale in NJ, but choosing the best realtor is easy. Contact That British Agent to find the best homes for sale in Oradell NJ today!

Mar 03 2023Mar 18 2023

Can Be A Little More Picky When Buying Houses in Oradell, NJ

If you’ve been looking for homes for sale in Oradell, NJ, you may have noticed a new trend: homes are staying on the market longer, and prices have finally stopped skyrocketing. What does this mean for potential home buyers? You may be able to be a little more picky when buying your next house. Keep reading to see how a flexible home market can benefit home buyers.

You Can Ask For A Lower Price In Today’s Home Sale Market
Unlike a year or so ago, when homes were flying off the market before the down payment could be arranged, today’s home sales have slowed. This means that buyers have more power to wait, consider, and plan—and sometimes, to ask for a lower price. If you notice that a home for sale in NJ has sat on the market for a while, and seems to be priced higher than the others in the area, consider asking if the seller would accept a lower price. Motivated sellers may work with you on the total costs, or offer to help with closing costs.

Discuss Repairs With Your Home’s Seller and Realtor Team in NJ
Another benefit you can get as a home buyer is to have repairs completed before you buy, or get financial credit for these repairs. Is that ratty carpet the “dealbreaker” for you? Perhaps the home seller will be willing to replace it with new hard flooring. Has your home inspector let you know that the HVAC system will need some work in the future? Maybe your realtor can help you discuss a reducing in the selling price to cover those repairs, or even set you up with credit at a local HVAC shop.

Work with NJ’s Best Realtors To Find The Best Listings
When the buying power is in your hands, you have a lot of options. But the best person to advise you on these options and the details is your trusted real estate agent in NJ. Your realtor knows the local market and knows your budget, putting them in the perfect position to help you and the seller come to the best agreement possible.
When buying houses in NJ, you need a strong real estate team to support you! The expert realtors working with That British Agent are waiting for your call—we have some great homes for sale that you want to see!

Jun 06 2022Jun 14 2022

The Market is Still Strong To Buy Houses or Commercial Real Estate in Oradell, NJ

The best realtors in NJ know that the housing market has been tight a while, making it harder to buy houses or commercial real estate in Oradell. From rising home costs to eager buyers who are able to offer high cash deals over the asking price, you may wonder how you can find a home in NJ. Fortunately, working with a realtor can help. Here are three ways that a realtor in NJ makes it easier for you to buy a home.

NJ’s Best Realtors Find Homes Faster

If you want the best house in NJ for the best price, you need to be fast—or someone has to act fast on your behalf! When you work with a realtor in Oradell, you can trust that they are on top of the housing market, available homes, and so much more. If you’re at work when the seller wants to accept your offer, you might miss it! But not when you have a team of skilled real estate agents behind you to help you buy your home.

Try A Transaction App To Track Home Sale Progress

To help real estate clients stay informed and connect as quickly as possible, some of the best real estate agents in Oradell NJ have developed transaction apps and date portals where you can track the sale or purchase of your home. This helps you to reply sooner to questions, get answers faster, and close on your new home or business property more easily.

Smoother Closings on Commercial Real Estate in NJ

Speaking of closing, one of the most important factors when buying or selling commercial real estate in NJ is the speed and accuracy of the transaction, especially at closing time. In the B2B world, nobody has time for lengthy delays, so working with a commercial real estate agent in NJ can facilitate your process and get your commercial property sale completed faster than ever.

Ready to start buying a new house or commercial property in NJ? The best realtors are here to help, so don’t hesitate to call! Sheldon Neal and his team of experienced real estate agents in Oradell NJ have homes to show you.

Category: Realtors near Oradell NJ