As we’re nearing the end of 2021, the future of the real estate market isn’t set in stone. On one hand, many states’ real estate industries remained pretty strong, especially for sellers who saw an increase of demand in real estate property. On the other hand, there’s no telling for certain where the economy could go in 2022. For many homeowners, this means checking out the temperature of Egg Harbor TWP’s real estate trends and seeing if selling property in the near future is a good idea.
So, what does the real estate market look like for homeowners in Egg Harbor TWP looking to sell their property? Keep reading to find out.
A Buyer’s Market
Unfortunately for homeowners, Realtor.com estimates that Egg Harbor, NJ is currently a buyer’s market. This means that there are more than enough homes to meet the demand for property, which means the chances of competing buyers attempting to outbid each other on a property is low.
So, while you’re less likely to receive an offer above asking price, you’re likely to receive roughly your asking price when you list on the market. Expect to receive offers within range of your property’s market value. However, factors like your home’s condition can still have an effect on the offers your receive.
Average Selling Time Equal To National Average
Realtor.com also estimates that the average time it takes a property in Egg Harbor TWP to remain on the market is 58 days. This, together with the typical 35-day closing, means that it can take around 93 days (or roughly three months) to sell a home. This is much higher than the 79-day state average estimated by Clever, though is the same time as the nationwide average at also 58 days.
While it may be possible to receive offers in less time, selling on the real estate market never has any guarantees. If you’re looking to sell your Egg Harbor TWP home fast, you might want to consider faster alternatives to selling your home, such as selling to a cash home buyer.
Affordable Housing For Families
There are a number of reasons that suggest Egg Harbor TWP real estate trends are pointing towards families are likely to buy property in the area. Most of the people living in the area own property and have good ratings about the community. With seven public schools rated good or higher and three other private and charter schools available in the area, this can be an ideal location for parents and growing families to establish their household.
For buyers, this can mean a golden opportunity to settle down into a suburban lifestyle that offers safety and comfort. But for homeowners, this can mean having to adjust their selling strategy accordingly to attract parents and young couples to purchase their property. This can include highlighting your property’s school district and accessibility to local amenities, multiple rooms, and other features that families can appreciate.
Selling Your Property On The Market: Is There An Alternative?
Given the fact that homes in Egg Harbor can take months to sell and receive roughly the asking price, there’s not a lot of reasons to list your property on the Egg Harbor real estate market for December 2021. However, if you’re looking to sell your home fast and for the best price, cash home buyers provide a much better alternative.
Unlike listing property on the market which can take around two months for an offer, selling to a cash home buyer takes a fraction of the time to receive a fair offer. No repairs or staging is needed to get an offer, so homeowners can avoid the costs that come with listing their home on the market.
Given the state of the real estate market, cash home buyers are the better option for those looking to sell fast and for the best price. In cases like relocation, debt, foreclosure, bankruptcy, divorce, or probate proceedings, selling to a cash home buyer provides you with a fair offer in days what listing your property can take months.
Need More Information?
December 2021 may not be the best time for Egg Harbor TWP homeowners to list their property on the market. If you can wait, you could get a better price on your home when the tides turn and New Jersey experiences a seller’s market that’s in your favor. But if you want to sell your home fast while getting a fair offer on your property, Anchored Homes can help. We buy houses in Egg Harbor TWP, NJ and give fair offers without the need for repairs, renovations, or staging.
Contact us today to schedule a property viewing and receive a fair cash offer for your home in 72 hours or less.