Is it plausible to sell a Jersey City home without a broker?
Glymph Properties will definitely buy your Jersey City house without charging broker commissions.
Our primary goal is to get you the most money possible so we prefer not to work with brokers, but we will if need be.
After all, paying 5-6% of the sale of a house in a commission is a bunch of money. In certain situations, brokers and real estate agents can be very useful and earn their commission. Not always.
The art to avoiding those irritating realtor commissions.
Before we get going, there’s one basic real estate custom you have to know about.
In most house sales in Jersey City, usually half of the 6-8% commission you pay as the seller goes to pay for the buyer’s broker.
Think about it…. how much sense does that make?Mull it over, you are literally paying for the buyer’s agent to negotiate against you. In essence, you are negotiating against yourself. You are paying to lose money.
Why in the world should you pay for your “opponent” ?
In all honesty, it goes against logic – it’s just what is normally done in most cases.
You can use that to your benefit in several ways.
First, factor in the commissions paid when you happen to be looking at local comparable sales. If the properties comparable to yours sold for prices that included commissions, take that into account.
Never under price your property or home – be aware that an informed buyer could possibly expect to have a discount too. If you are doing the work of one agent, you should expect to save that money.
In many instances in Jersey City, buyers who aren’t represented by a buyers agent will not remember to negotiate the buyer’s side commission out of the price for themselves, so don’t remind them if you do not want to pay them. Just don’t be surprised if it comes up during the negotiation.
You may choose to consider offering 2.5% to have real estate agents bring their clients to walk your property or home. Sure, it’s a lot of money. If you are pricing your property including that commission, you can always hammer out a far better deal for a purchaser who comes without a realtor.
On the contrary, if you do not leave room for the buyer’s realtor’s commission, will be excluding most of the buyers in the market in Jersey City.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It is the main database that all the real estate agents in Jersey City use to obtain information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
At one time, you had to pay a full commission to get your property or home on the MLS. Now in Jersey City, there are a few real estate agents who will charge you a flat fee just to list your property on the MLS. Usually, you spend a few hundred bucks and you only pay commission if the sale closes.
Compared with the cost of a newspaper ad, the MLS is one of the cheapest ways to market your property or home to the largest audience.
Each of the key real estate web sites like Realtor.com, Zillow, Yahoo Homes, etc. acquire data from the MLS. Chances are really good that when you submit your house in Jersey City to the MLS, information on your property or home will end up on most of the major web sites within several days.
Each of those sites sells ads. They’ve got packages that let you pay to boost your listing, feature it at the top of the search, and a lot of other bells and whistles that might or might not get an interested buyer to buy your house.
Advertising and marketing could be a gamble. At times open houses in Jersey City can be a excellent way to sell a property, and from time to time they’re a waste of time. Same with newspaper ads, craigslist postings, Fancy For Sale By Owner signs – occasionally they work, and many times they don’t.
To efficiently sell your home all on your own, you have to advertise it well.
Positioning fliers and signs around your area can generate a number of calls, and there are a lot of free web-sites where you can post information. But generally just putting up advertisements and having an open house isn’t nearly enough if your property does not appeal to the ordinary home shopper.
In theory, real estate professionals charge significant commissions because they have to spend a whole lot of money up front to market your home. By promoting lots of houses at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of houses.
Some properties may possibly require thousands of dollars in marketing expenses before the right buyer happens to see the ad and call.
If you want to avoid paying any kind of commissions, you can also sell your house to investors like us for CASH.
We give fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Jersey City houses, renovate them, then rent them out… sometimes we’ll fix them up and sell them to other people looking for great homes in the area, and a lot of other reasons, too – but we love to hear from people like you who are thinking of selling anywhere in Jersey City.
We’re investors who care a lot about Jersey City.
We close fast and can pay cash in as little as just 3-5 days. Give us a call now at 888-509-6267 Ext 4 or fill out the short form over here.
Sell Your Jersey City House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Jersey City real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
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