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I'm a Realtor and know NJ real estate. Lower the price until it sells. Price sells houses. Renting will be a pain and the market is not coming back in NJ for a good long time. Taxes will keep going up and in 2 or 3 years, after you have a renter or 2 bail on you or stop paying rent but not leave, or a pipe burst or storm flood or kitchen fire, you'll wish you sold when things were better. Sell now, move on and have a good life. Don't think about what you paid, what you once were able to sell for or how much you are "loosing".
Lower the price, lower the price, lower the price.
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