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Updated over 1 year ago on . Most recent reply

User Stats

201
Posts
43
Votes
Drew Slew
  • Rental Property Investor
  • Union city, NJ
43
Votes |
201
Posts

Selling 2 family house Jersey City soon

Drew Slew
  • Rental Property Investor
  • Union city, NJ
Posted

Hi All,

Thinking of selling my 2family in Greenville, Jersey City and wanted to see what opinions are for the current market, how to sell etc.

I am licensed w KW so would be selling as an owner, maybe give a commission share to another agent for helping w open houses, sale listings.

The unit is a 7bed 2 bath 2 family w tenants in place, each paying 1800/m (very low rent but they have been great tenants for 2yrs, never an issue). Porperty has 2 laundry, unfinished basement, basic backyard and garage in front (big deal in JC) that can be renovated. Overall house is in OK condition, bought it in 2019 renovated.

Questions:

- is it now a good time to sell? Looking at realistic prices of around 550-600k to sell it. Hows the market in Greenville, jersey city? They just finished a 1M condo conversion on my street right next to my unit and the corner shop has also been facelifted so the street itself has been rewamped (Wilkinson ave area).

- sell AS-IS with tenant in place or get tenants out? Id assume new owner can raise rents, take over good tenants.

- sell now in Oct-Nov or wait until spring?

- need a good photographer asap, anyone know any?

- any other general advice? should i cooperate with experienced listing agents in area, give them 1-1.5% of commission to co-list?

Thanks a lot for the help

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