Aim High Properties, LLC

Understanding How Foreclosure Affects Your Cherry Hill Property and What You Can Do

by | Nov 25, 2021

If you’re at a point where you’re thinking “is selling a house in foreclosure in New Jersey possible,” you’re probably in the midst of a predicament and are looking to sell fast. While it can be an understandably stressful time for you right now, there’s no need to worry. All is not lost just yet because there’s one thing you can do as long as your home hasn’t gone into auction yet: sell your home to cash buyers.

The deal with foreclosures in New Jersey

With today’s unstable economic conditions, the housing market has experienced a bit of a nosedive. The numbers of foreclosed houses have also been on the rise, creating even more of a surplus and driving down the home prices even further.

This influx in available houses devalues a lot of the homes that are currently for sale, even in the New Jersey area.

It isn’t crystal clear yet if this surplus in foreclosed homes is still affecting the selling prices of homes in New Jersey as a lot of banks are still holding on to the hope that they can sell their portfolio of foreclosed homes for a fairly high price.

If your house is in foreclosure, you’ll want to sell your home’s selling value. The thing is, having the impact of foreclosure means needing to sell it as soon as is legally possible. Waiting out for a better price raises the risk of losing the property altogether. Don’t sell yourself short just yet just to close that sale. Partner with a cash home buying company instead.

How to sell your home in foreclosure in Cherry Hill, NJ

Whether your home is still in the pre-foreclosure stage or is already in foreclosure, a cash home buying company can help you get it off your hands quickly.

Here’s how.

  • Faster selling

Selling your home through a cash home buying company is faster than selling it through a realtor. When you sell your home through a cash home buying company, you don’t have to deal with the multiple prospective buyers and bargaining for a sale price. Once your home has been approved by the company, you can expect an offer to be made within 24 hours.

  • Bigger earnings

Not only is selling your home through a cash home buying company faster, but it will also come out to be more cost-effective. There are no realtor fees to pay, no commission to split, and no closing fees to think about. What your home’s sale price will be will go completely to you. And if the cause of your foreclosure is financial trouble, every penny counts.

  • Less stress

The new foreclosure law in New Jersey states that the borrower (i.e., the homeowner) gets a notice of intention to foreclose at least 30 days, but not more than 180 days, before foreclosure (S-3411). That gives you roughly 6 months to sell your property. 6 months is not a lot of time to sell a house through a realtor, as this typically takes almost a year to complete a deal. Not to mention needing to renovate and remodel the home to make it more enticing to prospective buyers. When selling to a cash home buying company, all you need to do is submit your home the way it is. This shortens the procedure ensuring that you get to close a deal before your 180 days are up.

Need more info?

Finding a cash home buyer in Cherry Hill, NJ can take a while if you don’t have the connections or the experience in doing so. Enter Aim High Properties, LLC. With Aim High Properties, LLC, we’ll take away the stress of looking for cash home buyers.

Our process is simple. 

  1. Tell us about your property and be as specific as possible.
  2. If your property matches our buying criteria, we’ll set up an appointment with you to talk about the details.
  3. You will be presented with a fair written offer, no obligations whatsoever.
  4. To close the deal, we will offer you cash and formally close your sale at a local, licensed NJ Attorneys.

Stop stressing about your home’s foreclosure and act immediately by contacting us at Aim High Properties, LLC today.

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