The seller had inherited this Bloomfield property: a single-family home with real character, but one that had accumulated years of deferred maintenance. No parking. One bathroom. Well over $100,000 in renovations standing between it and a traditional listing. When he needed liquidity, he took out a loan against it. Then he lost his job at 65, and the math stopped working.
He watched each month carefully. Every payment brought him closer to the edge, and once a payment was missed, the path to foreclosure would move quickly. He had taken it as far as he could go on his own, but the property wasn't in shape to list, and he didn't have the runway to renovate and wait.
What he needed wasn't just a buyer. He needed to close fast enough to avoid any missed payments, and he needed to secure a rental before the deal was done. A friend had referred him to us, and by the first week of May, we had an offer on the table. He was set to close in three weeks.
The property required a Certificate of Occupancy and an underground oil tank sweep before it could legally close. Two steps that can take weeks to coordinate and are common sources of last-minute deal failures in New Jersey. On top of that, we had committed to a price the seller needed, and we had to find a way to honor it without compromising the deal's economics.
We didn't list the property or set a timeline and wait. We pre-marketed directly to our investor network, handled every certification and inspection in-house, and built the entire process around the seller's schedule.
Rather than listing on the MLS and waiting for offers, we brought the property directly to qualified investors who could move fast and close without contingencies. This cut weeks off the timeline and avoided the overhead costs of a traditional listing process.
The COO was a required condition before closing, and a step that can easily stall or derail a transaction. We took ownership of the entire process, coordinating the municipal inspection and clearance so the seller didn't have to navigate any bureaucracy while he was simultaneously preparing to move.
Older New Jersey properties frequently require underground oil tank inspections before ownership can transfer. We scheduled and managed the tank sweep ourselves, a step that, if overlooked or delayed, can push closings back by weeks or kill a deal entirely.
We had committed to a number that worked for the seller. Rather than reducing it at the last minute, we showed the property to investors and found a buyer willing to pay above our contracted price. The seller received what he needed. The deal remained intact for everyone.
The family was able to:
Sell and close in under three weeks, without missing a single mortgage payment or incurring any penalties or late fees
Secure the rental he wanted before closing, giving him a confirmed place to go before the transaction was complete
Receive the price he needed, honored in full, not reduced at the final hour
Move forward with savings intact, no longer carrying the financial burden of a property he could no longer maintain
"He had taken it as far as he could go before the payments would have started falling behind. We put everything in place: the buyers, the inspections, all the paperwork, so he didn't have to navigate any of it alone."
Joey Szal
VP, Acquisitions
We've helped homeowners across New Jersey navigate complicated situations. Inherited properties, financial pressure, tight timelines, and come out with a clean, clear outcome. Let's talk through yours.
Office Location
50 Park Place, Suite 301
Newark, NJ 07102
Office Location
50 Park Place, Suite 301
Newark, NJ 07102