You are in an enviable postion. You can buy without the presssure of having to sell first. That's great !
This makes the process easier in that you have the luxury of looking at what is on the market, and if lucky enough to find something , you can proceed with an offer, even if your condo isn't sold.
On average, the process could take anywhere from 6 months to a year............you should, and can, take your time..........these are big decisions to make!
I just worked with buyers who were in the same fortunate position. They listed their condo, and wound up buying first ....in Roseland, in Essex Count.y...., they ultimately decided to rent their Hoboken condo, rather than sell it,
Here is what I suggest.
Call an agent in Hudson County - you need a local agent to handle your listingthere, for sure..
Get a realistic idea of what your condo is worth. You also need a realistic idea of what the average days on market are.........how fast are condos turning over. Select an agent you feel comfortable with, who comes recommended and is brutally honest with you. This isn't the kind of market where information should be sugar coated.
Once you have that information, you can decide when the timing is right to put that condo on the market. If the length of days on market is a high , you might want to list the condo right away.
In the meantime, and...... at the same time......start your home search.
You need to try and filter through, and narrow down, the many town options, and start with a few towns in each county.
On a practical level, one agent is all you need, and it will benifit you to develop a strong relationshp with that agent. who will come to learn what you do and do't want. They will help you organize this whole process.
So - what should you do?
Interview a few agents - see who you feel comfortable with. Ask to be taken on an area tour of the various towns.
In your price range, In Essex County, depending on your style preferences, you might want to consider: Livingston, Roseland , N Caldwell, Essex Fells, Maplewood and Millburn - Short Hills will be too limited under 1 million. Much will depend on what you want as far as style , location and upgrades go.
Do you want a home that has been updated already, or one you can redo with your own taste?.
Do you prefer a contemporary home, or a more traditional one?
Depending on how far into Morris County you want to go...you should be fine using the same agent. If you really want to go far west, then, I would refer a buyer out to an agent who has their finger on the pulse of those more westerly towns,
The Morris County towns closer to Essex, that I cover, would include: Florham Park, Whippany , Cedar Knolls (both are Hanover Township), Madison, Chatham - all with excellent school systems.......going slightly further out brings you to Randolph..or, you might consider Montville.
Where will you be commuting to for work? What other specific requirements do you have? Do you want a huge lot, or will .5 acre be sufficient?
The answers to these questions will help whittle down the options.
This is all a lot to digest!
Just take a deep breath - start looking into selecting an agent for Hudson County, and one for the Essex/Morris County area.............make a few appointments to sit down ,have a conversation, and come up with a plan.
Everything will fall into place!!
Please check out my website, and you might find some useful links to the various towns I mentioned
Good luck with whatever you decide Tom. This is an exciting time for you.
It would be my pleasure to help you ! I have been an agent for 26 years, and am a lifelong resident of this area, so I know it well!
Best wishes.,,,,and welcome (almost!) to the area!
Prudential NJ Properties
email: Debbie.Rose@Prudential Newjersey.com