How Do I Sell My House For Cash In New Jersey?
Our Cash for Homes Program offer just that! Let us explain how we do it...
By taking out other people i.e., the “middleman”, that normally add to the process and cost. Eliminating outside real estate agents, banks, inspectors, etc. and simply paying cash allows us to significantly uncomplicate things. When this happens, we can get down to a straightforward process following our simple steps
The Better, Faster & Easier Way To Sell Your House - directly to local NJ Home Buyers!
Hi, I am Maricon, one of the acquisition managers at Ritsel Homes. It is my privilege to guide you through the initial process towards your no-obligation, all-cash offer. And please don’t be concerned, it is all FREE without any cost involved and without any obligation to accept any offer we make you. And NO, we do not hard sell you on our cash offer. In fact, we’ll also discuss with you Our Solutions, designed to put you in control of the decision. If you rather talk to a
live person, feel free to call me at my direct line at (201) 379-6565
Just fill in the form below and we’ll get the process started.
We’ll Reach Out
We’ll call you to get more
information and make an
(Appointments in person or virtual)
Get Paid in *Cash*
If you like our offer, simply set a closing date & get your *cash* at closing.
(** Title Company would pay either with a check or ACH)
Ritsel Homes is knowledgeable, resourceful and dedicated. Mario was always super quick to respond to me. And he turned around what I was looking for quickly with solid, professional advice! Ritsel is really forward-looking in their approach and able to manage multiple demands at once. Thank you Ritsel for helping my family make the best decision!
Get Your Free Offer TODAY!
Just Fill In This Form To Get Your No-Obligation All Cash Offer Started!
As Easy & Simple As
We do this day in and day out… but you might ask what exactly goes on behind the scenes (and what’s happening between steps 2 and 3…)?
To sell your home fast for cash in New Jersey, we also encourage sellers to educate themselves before they decide. While selling cash could be the right solution, there are also Our Solution to consider in determining what’s best for you.
Talking about an educated decision, let’s walk you through the process from your perspective. Below a detailed explanation on how the entire house buying process works from beginning to end. Please read through this and let us know if we can help to clarify anything.
How To Sell A House Fast
Buying and Selling your house is often describes as one of the most stressful experiences you’ll encounter during your life. Adding to this the desire (or requirement) to sell fast, it can be daunting to say the least! One of the ways to reduce the stress AND time is to sell your house for cash which can drastically speed things up. But where do I start? Who do I trust? Can I do it myself? What’s the cost?
These are all valid questions and for the exact reason, we took the opportunity to explain the entire process of selling your house for cash to a cash home buyer from start to finish.
What Is A Cash Home Buyer?
A cash home buyer or often referred to as a real estate investor, is any person or company / entity that can buy your house in cash without the need for traditional financial support from banks, lenders, or other 3rd party financial institutions.
As the purchaser provides their own money, or sometimes use private or hard money which is linked to the asset and not the person, the final decision and therefore process which normally causes the delays and adds to the cost, are eliminated. Not only does it speed up the selling process drastically, but it also reduces complications, i.e., buyer demands, along the way! Below 5 easy steps to get your house in NJ sold fast!
1. Find A House Cash Buyer.
Most people turn to Google for finding cash home buyers. They might search for: “We Buy Houses [yourCity] [yourState]“, “Sell My House Fast [yourCity] [yourState], or “Cash For My House In [yourCity] [yourState]. This will show you various websites, starting with ads at the top and then below the ads, it will rank sites based on what Google think is most relevant to your search.
A word of causing, while the ads might be tempting, keep in mind that their results often are not reliable or reputable as people simply pay to be on top. They are not on top because they have built up a reputation of delivery. (Ads can be recognized by the letters “Ad” preceding the Google listing).
2. Time for Due Diligence – Never Skip This Part!
Not all cash home buyers are the same. There is no single recipe and even if various cash home buyers use “the same” formula, the information source and how they interpret the number used to arrive at your offer often differs significantly. For this reason, we highly recommend that you go over their website, read through their “How It Works” page, look at who they are and what they stand for on the section dealing with “About Us”, and check previous reviews and what other people were saying.
As with any other decision, transparency and professionalism normally goes a long way but you also might want to consider what and how they present the information. Think about it, how you do some things is normally how you do everything. If they take pride in how they present themselves while respecting you and your choices, they most likely will also take care of you during the sales process. If they don’t… they most likely also won’t during the sales process…
3. Raise Your Hand and Enquire to Get More Information.
Once you’ve done your due diligence and found a reputable house buyer or Real Estate Solutions provider with whom you feel comfortable, it is time to get your cash offer started by submitting your information. Keep in mind, you don’t know them as yet and therefore want to limit the information shared at this stage BUT for a cash home buyer to prepare, they would need at least i) a reliable way to contact you (usually a phone number or email address), ii) the address to at least know what’s it about and iii) some details on the current condition of the house and what repairs it needs, if any.
4. Schedule an Appointment (could be in person or virtual these days…)
Once the cash buyer has all the information and had time to do their own homework, an appointment can be scheduled. This appointment is important for various reasons but from the cash buyer’s perspective, it helps them to determine any repairs or updated required to achieve they’re After Repair Value.
From your side, it is a great opportunity to meet them in person (or virtually ideally on a video call). You can also use this time to ask any questions you may have. By the end of the walkthrough your offer is presented and discussed. Important to note that there should NEVER be any costs associated for these services and the offer is a no obligation to accept offer.
Most reputable property buyers understand that this is a critical time in your life, and you have a big decision to make so often, they would respect the need to think it over. Also, although not required, unless you’re familiar for contracts, you should have a cash offer friendly attorney look over the contract just to be sure you’re protected
5. Decide on a Closing Date & Get Paid in “Cash”!
(…ok…ok… these days it’s highly unlikely that you’ll get a bag of cash, but the title company or attorney handling the closing will give you a guaranteed check or transfer the money directly to your bank account)
If the offer presented is acceptable, you can set a date for closing. During the closing process a title company will do their search and gather all the information to transfer ownership. They will also work with you (and your bank if applicable) to settle any outstanding mortgages and liens using the money you’ll get at closing. Once done, you’ll walk away with your cash and have no further obligations. You’re done and you’ve sold your house for cash to a cash buyer!
John loved our offer, and so will you!
“With credit to our rehab partner Adam at Infinity”
Ready For Your Offer? It is 100% Free, without any obligation to accept. You have nothing to lose!
The best company that I worked with .Great people ,reliable, honest and ready to help unconditional. I would highly recommend them for any real-estate transaction ,investment or property selling.
Do You Want To Sell Your House Fast For Cash!
… But Not Willing to Settle for Anything Less than a Great Offer!
We understand this… as it’s exactly what we want for ourselves. For this reason, we do not just offer to
buy your house in NJ for cash, but we also want you to consider Our Solutions when you decide. In the end, we want to bring you REAL estate SOLUTIONS!
Many “We Buy Houses” companies will often try to give you the lowest possible offer and convince you to
make a quick decision. This doesn’t make any sense to us. We spend time and effort doing your home analysis so we can get you cash for your home in NJ. We spend time and money going beyond and
above to support our customers and often driving to properties all over New Jersey. Offering all of this at
NO COST to you, 100% FREE! Wasting our time on offers that simply makes no sense would not be sustainable.
Let’s Dive Deeper Into How We Make Our Offers When We Buy Your NJ Home
I’m Sure You Would Agree That’s In Our Best Interest To Give You Our Highest Possible Offer.
“Ritsel Homes, LLC” stays in business by getting offers accepted, and the only way to do that is to give offers you’ll be happy with! We truly do our best to give you the highest possible offer we can give.
We Start With Your Home’s “After Repair Market Value” And Work Backwards!
In simple terms, we look at what the value of your home would be once it’s completely fixed up,
renovated, and just simply modernized. Based on this value we will formulate your offer!
Let’s Dive Deeper On How Exactly Do We “Work Backwards”?
The starting point, “After Repair Value” or simply “ARV”, refers to the price similar houses in your neighborhood sold for within the last 6 months. “Similar” is normally defined as same style, size, number of bedrooms and bathrooms, etc. but we also importantly consider the condition of the house. A house that was recently renovated and modernized is going to be worth more than one that still have lost of wallpaper, older roof and appliances, outdated fixtures, etc…. (nothing against wallpaper, it’s just not preferred anymore…)
If they sold for $450k, we know that if we make the same upgrades to your homes (AFTER we buy it), we most likely would also be able to sell it for $450K. That’s our starting point… a number relevant to today’s market!
We now know the Market value of your house once renovated and modernized (in this case $450K),
and we’re also able to estimate our cost of repairs/upgrades needed. With these two numbers, we
can make you an offer that would work for us. If this offer also works for you, we’ll get it all lined up
and work with you on a preferred closing date when we’ll take ownership and get you paid!
Why Not Joining Our Backoffice in Calculating The Offer?
We value honesty and transparency. We have no issues sharing with you how exactly we formulate
[Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Buying, Holding & Selling Cost] – [Our
Before we start doing math, let’s define some of these terms.
** After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate the house.
** Cost Of Repairs: This is what our cost will be to fix/update the house AFTER we purchase it from you.
** Buying, Holding & Selling Costs: While we do not have to pay Real Estate Agent Commission buying the house from you, we will be responsible for the initial closing cost, the cost of holding a property (taxes, basic utilities and the cost of capital) during the redevelopment phase and then once it’s fix, we on the other hand have to use an agent to sell that house again. This is usually 10% of the After Repair Value on the buying and holding side and another 10% when selling. We however never use round percentages run each house through our Deal Analyzer to get exact numbers!
** Profit: Yes, this IS a business after all, and we wouldn’t be able to stay in business, buy more houses, pay contractors, etc., if we didn’t make some sort of profit. However, we keep this to an absolute minimum so we can present you with the highest possible offer.
Our offer will be calculated as the market value of the house (after we fix it up),
minus ALL our costs fixing it up (including our profits)
Let’s say this is your house in its current condition:
A little outdated but nothing out of the ordinary – agree?
Remember the “similar” house in your neighborhood we discussed above? He got a new roof, updated kitchen and bathrooms, put granite in, removed carpets and put in hardwood flooring? Well, this is what his house looks like after he did the changes.
That probably explain why he sold it for $450K! It’s modern, open and simply looks GREAT! What do you think?
For us to sell your house (… or rather our house after we bought it from you) for the same $450K, we need to put it through our redevelopment process to bring it to the same, or better, condition! Look at it from a different angle. Would you as a buyer be interested in buying the house in current condition for $450K when a much nicer house that has gone through a recent redevelopment sells for the same price? Of course not!
But then you might ask…
If it’s not worth $450k in current condition, how much can I then get for the house if I sell it As-Is without doing any repairs or updates?
Before we try to answer that question, let’s take a quick detour….
But… You still want to know what’s it worth in As-Is condition….
With our in-house agent offering Alternative Solutions, we can help you determine that value.
For now, let’s assume it’s $265k given everything that needs updating… we call it deferred maintenance.
We would come in, most of the time with our in-house agent and sometimes also with our
contractor. In doing this we can easily and quickly determine an accurate ARV, As-Is Value, and the gap between the two numbers as we put our redevelopment plan together. Remember, the ARV is determined not just by the house being similar in size and shape, but importantly also by how it compares on the inside.
The more accurate these numbers the more accurate (and the higher) your offer will be! Let’s say
our contractor gives us a cost of repairs of $85k. Remember we added a new roof, updated the
kitchen and bathrooms, put granite in, removed carpets, put in hardwood flooring and a couple other smaller cosmetic changes.
With The Numbers Lined Up,
We Are Ready To Make You An offer!
Here are the numbers:
As-Is Value = $265K
ARV (After Repair Value) = $450K
COR (Cost Of Repairs) = $85K
Our Selling Cost = 10% x $300K = $30K
Buying, Holding & Selling Costs split into
Buying & Holding Cost ~ 10% x $450k = $45k
Selling Cost ~ 10% x $450k = $45k
And Our Minimum Profit for This Purchase = $42.5k
(based on the holding period, level of work involved and risk associated with the type of property)
[Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Buying, Holding & Selling Cost] – [Our Minimum Profit]
Your Offer = $450k – $85k -$90k – $42.5k = $232.5K
Your Offer = $232.5k
We simply play by the numbers! We do not take advantage of your desperation. We don’t use a fix percentage of ARV – we calculate each offer using our Deal Analyzer trying our best to give you the highest possible offer. Without this, you won’t be happy, and the contract won’t be signed wasting both your and our time! Hope you agree that it’s a fair way of trying to find the best
And remember, we do not force people into thinking this is the best offer! We want them to make an informed decision!
Analyzing The Offer
So, the house is worth $265k As-Is, meaning if you listed it with our in-house real estate agent you could sell it for $265k. However, keep in mind that after 6% agent fees and closing costs you would probably get about $249k at the closing table. And that could be 3? 4? or 5? months depending on the market and location! Plus there is no guarantee that the house will actually sell without the buyer asking for concessions.
With all this information, it is time to decide.
Will you sell it for a guaranteed sale of $232.5k in as little as 10-21 days or are you going for a
“maybe sale” to achieve $249k and hopefully close within 3 to 5 months.
…decisions, decisions, decisions…
What If The Cost Of Repairs Was $37.5k Instead Of $85k?
We simply do the math… and the offer becomes:
As-Is Value = $265k
ARV (After Repair Value) = $450k
COR (Cost Of Repairs) = $47.5k
Buying, Holding & Selling Cost split into
– Buying & Holding Cost ~ 10% x $450k = $45k
– Selling Cost ~ 10% x $450k = $45k
And Our Minimum Profit for This Purchase = $32.5k (as the complexity of the repair goes down, so does our profit margin.)
Your Offer = $280k
We know… this is $15,000.00 MORE than what the house is currently worth, and $30k more than what you would get if you had listed it with an agent (remember that you would only get $249k after all listing and agent fees). Again, our offers are based on the numbers, not on how desperate you are to sell.
Get Your Free Offer TODAY!
Just Fill In This Form To Get Your No-Obligation All Cash Offer Started!
People Love Us!
Below We’ve Answered a Couple Questions
People Are Asking
How Do You Sell A House As A For Sale By Owner (FSBO)?
It takes work and a lot of research, but it is absolutely doable and no reason why you cannot do it. However, you’ll need to consider the following:
- Do you have a good understanding of the current real estate market? If not, what can you do to update your
knowledge and better understand what buyers want?
- You need to determine what the house is worth in As-Is condition (unless you’re willing to make
repairs to bring it up to top market standard). And remember, because we’re emotionally
attached to the home, it’s always worth more to us than someone else on the outside. The
question is, what does buyers want?
- As for marketing, you can go the social media, Craigslist, Facebook, etc. route but it will never
attract the interest you’ll get from listing it on the MLS. And it doesn’t need to be expensive –
you can even do it for a flat fee. We can help you as we have an in-house Real Estate Agent!
- Learn how to negotiate effectively with buyers
- It’s always good to hold an open house. No-one likes people sniffing around in your house
but remember when you bought it… as buyer you wanted to see it…
- And learn how to handle the tough questions asked during the open house. Make sure you know all your laws in your area pertaining to real estate transactions!…
Are There Closing Costs When You Selling It As A For Sale By Owner?
Yes, there will be costs associated if you sell your house yourself. Attorney fees, closing costs, holding
costs, title insurance, escrow costs, and more of the house for as long as you own it. As you are
selling it yourself however there will not be any agent fees. The other costs however still are
We Are Cash Home Buyers In New Jersey
Ritsel Homes is a Real Estate Solutions Company. and Our core business is to buy houses for cash in NJ. No-nonsense and No Funny Business – if you need to sell you house for cash, we’re local home buyers in NJ, serious about buying your house. No repairs, no realtor fees or commissions, no money out of your pocket (and did we mentioned, we can close in 21 days or less!). Just simply sell your house without a realtor, As-Is, For Cash!
BUT we also understand that everyone’s priorities are not the same and are committed to focus on YOUR needs, YOUR unique circumstances and what’s important for YOU. For that reason, we’ll always offer you tailor made solutions that best serve YOUR needs. Generally, that falls into either a Cash Offer, our Retail Buyer Program, a Creative Solution often resulting in Passive Income without the Headaches of being a Landlord or a Listing with our in-house Agent who work on flexible terms tailored to YOUR instead of OUR needs (don’t believe it, give us call to explore!).
We’ve explained these options in the SOLUTIONS section but keep in mind, these are NOT the only solutions. Ultimately, it depends on your unique situation which we value and respect.
We are genuine and we are honest, and we care. We are investors. Of course, we need to make money, but that doesn’t mean it has to be at your expense, and that doesn’t mean we cannot go out of our way to genuinely help you without expecting anything in return!.
Ritsel Homes buys houses as part of our residential redevelopment program where we purchase, rehabs, and then sells the house at a profit. We also buy houses to keep as long-term rentals or in some cases we work with our partners who might take over the ownership either at closing or soon thereafter. Offers are made to sellers based on market value and repairs needed. Ritsel Homes will do everything possible to bring forth the highest possible offer to give the seller the most benefit from dealing with a fast sale. We will also consider alternative solutions to give you as our client the best outcome.
Allendale, NJ 07401