Conducting a residential real estate transaction is never easy, especially if you are the one looking to sell a property in South Jersey or anywhere else in NJ. The reality is that the real estate law surrounding the home selling process in New Jersey is incredibly complicated. Even under the best circumstances, preparing a real estate property in anticipation of selling it can be a difficult, and often overwhelming, experience. There is so much that needs to be done before a house can be sold, which is why you want a knowledgeable real estate attorney to handle any issues that could arise before closing. You may also need a qualified real estate attorney who can make sure that your financial interests are protected throughout the process.
Everything Matters When Selling a Home in New Jersey
While your real estate lawyer sorts out taxes, fees, and title insurance issues that could arise before, during, and after the home selling process, you may want to take steps to boost the value and marketability of your home.
As just one example of how much can go into preparing to sell a home, consider a recent Credit.com article that analyzed a very particular aspect of the home selling process: the color of paint used on the exterior of the house. One conclusion reached by the article, similar to the conclusions reached by thousands of home sellers throughout New Jersey over the years, is that the “right” color can make all the difference when it comes to selling a house. Moreover, the “wrong” color can cause prospective buyers to run for the hills, which is why anyone looking to sell a home in New Jersey, New York, Pennsylvania, or anywhere else needs to think very carefully about how they are presenting their property to the outside world. Simply put: appearance matters if you want to sell your home for the highest possible price.
According to HomeAdvisor.com, an online resource for property owners looking for home improvement tips, the average paint job on a house costs approximately $2,600. The interior job is less expensive, but can still run more than $1,600. While these costs may seem high, the reality is that even the smallest detail can improve your odds of selling a property. Svenja Gudell, the chief economist for Zillow, an online real estate database company, observed that a quality paint job “is an easy and affordable way to improve a home’s appearance before listing.”
How to Decide on Paint Colors for Your Home Prior to Selling
It is generally a good idea to “play it safe” when deciding on an appropriate paint color. If you are looking to maximize the sales price on your home, you may want to stick with neutral colors like gray, beige, and certain shades of white for the exterior. You should have a little more flexibility for the interior of the house, but you still don’t want to take too many chances and risk upsetting the sensibilities of a prospective homebuyer.
Researchers at Zillow Digs, an online resource for people looking to remodel their houses, conducted a detailed study of 50,000 homes that sold on the real estate market and found that homes with interior walls painted in light gray, creamy yellow, or mauve tended to sell for at least $1,000 more than homes that utilized more striking colors for the interior rooms.
Another consideration when deciding whether to paint your home exterior gray, beige, or hot pink is the rules imposed by your Homeowner Association (HOA). If your housing subdivision or community is part of an HOA, you will need to make sure that you are aware of any restrictions that the organization imposes. Additionally, you will need to make sure that potential homebuyers are also aware of the HOA rules and restrictions prior to closing. A qualified real estate attorney can assist you throughout the home selling process and help you file all necessary paperwork with your HOA, if necessary. In fact, it is a good idea to have an experienced attorney helping you with all the legal aspects of your real estate transaction.
For additional information, check out the Credit.com article, “4 Colors You Should Never Paint Your Home.”
If you are looking to sell a home, or buy a home, in Camden County or anywhere else in New Jersey, you need to talk to a knowledgeable real estate lawyer immediately. Joel R. Spivack, Esq., is an experienced real estate attorney who can help you with any legal issues that could arise during the home selling or home purchasing processes. Contact Mr. Spivack anytime to schedule a free initial consultation.