Can I Sell My House Fast In NJ Without Paying A Realtor’s Commission?

Can I Sell My House Fast In NJ Without Paying A Realtor’s Commission?

Like most people, you are probably thinking to yourself, “if I can sell my NJ house fast without paying a New Jersey real estate agent’s commission, I’ll save a lot of money. If you are just testing the market and don’t need to sell your house quickly, then ignore this article. Otherwise, here is some information to consider.

At first, most home sellers think selling a home is quick and easy and why pay for what  they can do on their own? In fact, nearly 25% of all homes sold in the last year were sold “for sale by owner” also known as FSBO.

But nearly 50% of the FSBO’s said that next time, they would work with a real estate agent or,  a well established “Sell your house fast as is for cash” company.

30% of home sellers indicated they were dissatisfied with the results achieved by electing the For Sale By Owner route. Why?

Many FSBO’s said that the time, the hassling with unqualified buyers and the paperwork involved in selling a home fast was not worth the  money saved in Realtor commissions and fees.

For others, the money they saved while trying to sell your house fast was even more disappointing when they finally realized the extra mortgage payments they made as the process dragged on and they had to keep reducing the price. Not forgetting all the research time looking for and paying monies to advertising and marketing consultants, places to advertise, escrow, pest inspectors, title inspectors, surveyors, title lawyers, appraisers, city and fire permits, other consultants,  etc.

It would have been better to just pay the licensed NJ real estate agent’s fee and let them handle everything and probably gotten the house sold faster. Even if it was an ugly house situation that they needed to sell as is a reputable sell your house fast as is for cash company would have been less aggravation than dealing with lots of clueless first time homebuyers.

To sell a house fast in New Jersey involves a deep knowledge of the Jersey real estate market. If a property is over priced, it will become stagnant and develop a bad reputation. If the home is priced too low, it could cost you serious money. Some FSBO’s found that the money lost because of poor decisions outweighed the commissions.

In a buyer’s market like we have now, where houses are not selling quickly being good at marketing, sales and negotiations are required. These skills are even more critical if you are behind on your mortgage and are in a rush to stop foreclosure fast.  Mistakes can result in your missing the small window of opportunity to unburden yourself of the albatross before it is too late.

Before you make the decision  to go the “sell my nj house fast but, without a real estate agent” route aka FSBO, review the pros and cons of assuming total responsibility for getting your house sold in time versus hiring a professional.

A few minutes reflection in the beginning can avoid a lot of pain later. So here goes.
1) Do I really have the energy, time, ability and the know-how to put in a devoted effort to sell my house quickly?

One key to selling your house efficiently and profitably is total accessibility. Many houses sit on the market longer than necessary, because the owner is unable or unwilling to showcase the property.  You must realize that in order to sell your house, you must be available for a certain number of hours every day and keep the house clean and inviting. Maybe even get it staged.

2) Am I ready to work with the rush of “creative” homebuyers, and we buy ugly houses cash investors who think FSBO’s are targets for low balling?

One challenge of selling your house is filtering out unqualified although sincere prospects and dealing with lowballers. It most often goes unnoticed … the amount of time, effort and expertise required to spot them quickly. If you need to sell your house in 9 days, I mean super fast, or the house is in so bad a shape that a qualified homebuyer can’t get a regular mortgage for it, you will need to know how to deal with professional We Buy Houses Fast Cash companies or private real estate investors. A pretty house real estate agent won’t be able to help you. They may just get in the way.

3) Am I offering options or help with financing? How prepared am I to answer questions about financing?

A big key to selling your house, is to have all the financing information that the prospective buyer needs and to give them options. Think of your most recent, expensive purchase; did you come to a decision before having all of your ducks in a row?

Offering financing options gives the buyer the opportunity to negotiate their terms and give you your price. It opens up the possibility of selling your house faster and more profitably.  Professional real estate agents and real estate investors generally have a complete team of professionals at their disposal; from mortgage loan officers to inspectors to attorneys.

4) Do I completely understand the legal steps and obligations from contract to closing paperwork necessary to sell your home fast?

You would be surprised how many home sales fall through and are lost due to incomplete paperwork, not meeting the state’s disclosure laws or lack of inspections. Are you fully aware of all the required steps it takes to sell a property? If not, hiring someone would be a very wise choice. Most attorneys only know how to close and may not be able to help you with inspections or have time to chase a buyer having cold feet.

5) Am I capable of dealing with legal agreements, contracts and buyer disputes and expectations either before or after they present the offer?

Do you have all the information to know if certain demands from a buyer are fair or customary? Ask yourself how well versed you are in negotiations and legalese and whether you are able to handle disputes and misunderstandings with buyers. To  minimize the fallout from any disputes, I  recommend  all negotiations and agreements be done in writing. Misinterpretation of contract terms is a major factor in the loss of many home sales. Remember, buyers are scarce in this economy.

6) Do I have a team of all the necessary professionals …. Appraiser, Inspector (home and pest), handyman, attorney, loan officer, surveyor, title company?
Have you researched the top attorneys, title companies and inspectors in your area? It is not wise to randomly select attorneys, inspectors from the phone book or Google. As with any profession there are people who will slow, delay and perhaps even cost you the home sale.

If these questions raise some concerns you might want to talk to a Realtor or a professional home investor who buys and sells houses to help you on your “sell my house fast ” project. I hope that these issues, questions and tips have been useful to you. If we can be of any service to you please contact our office. We would be privileged to serve you! If you would like a Free consultation please call our office or fill out our on-line form