Negotiating Your Way To Your Perfect New Jersey Property

Negotiating Your Way To Your Perfect New Jersey Property

Short Hills, New Jersey is located in Essex County, and with New York City a short commute away, it is a popular destination for city workers who want to escape the sometimes overpowering buzz of Manhattan. As a result, Short Hills New Jersey real estate is popular with commuters and city workers

New York City is just a 35-40 minute commute from Short Hills, which sits on the Midtown Direct line, servicing New York City Penn Station. Homes for sale in New Jersey are at a more realistic price for new buyers than in the city. Property taxes and closing costs are more affordable when purchasing properties in NJ, and there is more affordable real estate available, at a lower price per square foot than in Manhattan or even outlying New York City boroughs.

Real estate in NJ, like everywhere else in the country, is in the middle of an interesting transition, with properties sales and markets changing and fluctuating almost daily. Short Hills New Jersey real estate is no exception, and the town is an ideal destination for buyers at a time when homes for sale in New Jersey are at some record low prices.

By and large, the longer a home is on the market the more motivated the seller. This gives the buyer the upper hand in a market that already favors home buyers, creating the perfect foundation for a favorable buyer negotiation. This is no different for Short Hills New Jersey, a housing market that is filled with motivated sellers, as a result of the ever changing financial recession. Motivated sellers, in the current market, aren't hard to come by. The difficult 'fine line' that is presented by the slump in real-estate prices is the already low value of homes. You should take the time to find home owners that are highly motivated to sell, which gives you leverage when the time comes to barter with the seller and their listing agent. So the key is to have as much negotiation leverage as possible.

If you make an offer on a property with a loan already approved by a lender, there is a good chance that the property will close quicker. If you have a steady income, and reasonably high credit score, getting pre-approved might be easier than you think and will give you a distinct advantage when you come to negotiate the sale. You will be in an even better position to negotiate if you are a cash buyer when making your Short Hills New Jersey real estate transaction. A quick and painless closing is more likely since there is no bank approval or third party mortgage company to delay the transaction. Cash will motivate your seller, and make for a quick sale.

Negotiating on the price and terms of the real estate sale is the sure fire way to guarantee the best deal, and in the current real estate market, with motivated home owners who are eager to sell, careful negotiation might make a significant difference in the speed of the sale, and the price you will pay for the property you want.

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