Gina Chirico, Sales Associate
PNJP - Caldwell
(973) 228- 1000 ext 132
The best strategy is to be realistic in pricing your current home to the market versus pricing it to what you feel you need to walk away with in order to buy. Be patient in your search for a new home and await a contract on your existing home. Inventory is still high so you have a good choice of new home. Realize that although you may not get what you thought you may get (don't think 2005 values) you will still be (for all intent and purposes) in balance on your purchase side. Like some one else posted, having the clause "Subject to seller finding suitable house" simply let's the buyer know that you don't want to live with in-laws for too long ;-)
New Hope/Lambertville Regional Center
Assuming you are moving up, your strategy should be to sell low, buy low. Only by inviting a licensed Real Estate Agent to your home for a Comparative Market Analyisis can you get an accurate feel for positioning your home in todays market. I suggest you price aggressively, get under contract and take advantage of the reduced number of qualified buyers to leverage a better deal when you move up.
I would suggest having a local Real Estate agent take a look at your home and give you a Competitive Market Analysis. This will give you a great idea of the price range your current home should sell for. Once you have that I would suggest listing your home slightly lower then your current competition, this should get more showings and a better chance of selling quickly and close to your asking price. Once you do this it puts you in a much stronger position for buying a new home. If you have any question please feel free to contact me.
Prudential New Jersey Properties
Right pricing is key to selling. Price your home ahead of the decline and you will do well. On average now in NJ that is 1/2%/month. Get an agent who understands where the market has been, where it's going and why. Homes that are priced right in the 500,000 range in NJ are selling in (on averge) only 18 days at 97% of asking price. (Jeffrey Otteau, Fortune 500 Appraiser in NJ stats)
All depends on your situation such as how long have you been on your home? home many mortgages are pending? Are you putting any additional money down on your new home? Are you moving from condo/townhome to a Single family?
Maybe if you share a little more information, I will be able to help you better. But I can share with you that average selling price for a single family home in Piscataway is $363K with an average of 54 days in the m arket. For a condo/Th the average selling price is $266K with an average of 37 days in the market.
Any questions, contact me directly at 732-690-4673.
ERA Absolute Realty
Once your house is listed, you should stay current on the new listings that interest you, so when your house goes into contract, you will be able to make an educated and well thought out choice on your new home purchase.