(BPT) – The U.S. housing market continues to be intensely competitive, especially in the suburbs. According to Realtor.com, the number of suburban home shoppers is 42.1% higher than pre-pandemic levels, but suburban homes’ supply remains 14.4% lower than it was two years ago. Suburban residences also spend less time on the market and sell for higher prices. This is great news for homeowners looking to sell their houses this spring.
In particular, homeowners in the New York and New Jersey suburbs should strike while the iron is hot. In June 2021, the median sale price for a home in New York State was $385,000, a 28.3% increase from the previous year. Meanwhile, as of January 2022, the average price of a single-family home in New Jersey cost $551,028.
Of course, selling a house is easier said than done. From repairs to inspections, preparing to list your home can be stressful and time-consuming. Once your home is on the market, you’ll have to clear out for open houses and showings, and run the risk of a buyer’s financing falling through. If you’re thinking about selling your home, but are looking for a more seamless experience, you can save yourself a headache by ditching the traditional route.
Benefits of online residential real estate
Instead of finding a real estate agent, consider selling your home digitally. Companies like Opendoor give you the freedom to sell your home on your schedule, all online. With Opendoor, not only will you give yourself time by skipping the traditional real estate steps (repairs, staging, open houses, etc.) but, you’ll receive a certain sale via Opendoor’s competitive, all-cash offer.
By selling to Opendoor, you can also avoid:
- Out-of-pocket home repair costs
- Home prep and staging
- Overlapping mortgages
- Inspection fees
- Processing fees
- Transfer taxes
Additionally, you’ll skip paying commission fees for both your listing agent and your potential homebuyer’s agent by selling online. Traditional seller’s fees are about 6% of the sale price. Opendoor’s service fee is no more than 5% of the sale price, which includes the cost of buying, maintaining, marketing and selling the home.
Launching in New Jersey and New York markets
Opendoor is now live in over 450+ ZIP codes in New Jersey and New York just in time for the spring selling season.
“While this isn’t our first foray up the Northeast, we are thrilled to partner with sellers in two states that are known for their fierce loyalty to their roots,” said Jon Enberg, Division Manager at Opendoor. “You’ve likely heard of some popular (and still unsettled) debates — who has the better bagels, Springsteen or Billy Joel, boardwalk slices versus New York slices. All differences aside, what these two neighboring states have in common is an unmet need for a fully digital, seamless real estate process.”
Opendoor will purchase single-family homes between $300,000 and $950,000 in eligible regions in New Jersey and New York. In New Jersey, Opendoor will span more than 10 counties and 260+ ZIP codes, including Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union and Warren counties. In New York, Opendoor is available across Long Island and the Lower Hudson Valley. Their coverage will expand across 230+ ZIP codes across Nassau, Orange, Rockland, Suffolk and Westchester counties.
To learn more about selling your home via an on-demand, digital experience, visit Opendoor.com.