How Much Will Listing Your New Jersey House Cost You?

Looking at the many homes for sale in Essex listed, you’d think that listing is a good financial decision for homeowners who want to sell their properties. But you’d be wrong. While this isn’t to say that listing is the wrong choice, and there are merits to it, there are also many misconceptions regarding listing a house that most people don’t know about.

Mainly, most of the misconceptions revolve around just how much it costs to list a house and work with a real estate agent.

Below, we’ll take you to the many factors involved in listing a house so you know exactly what you’re going into before you put your property up for sale with the help of a real estate agent:

1.    Commissions

Let’s say you’re selling your house for $200,000. The typical commission rate is roughly around 5% of the final sale price. That means you’re giving around $12,000 directly to your agent. Of course, they need to get paid, and they may have worked hard for it. However, that’s still a lot of money, and that’s already on top of the marketing and administrative costs of having your house listed.

2.     Repairs

Before your house is put up with other houses for sale in Essex, you’ll need to have everything that needs to be repaired fixed first. Or else, you won’t be getting much value out of your property.

Repair costs can range from a few hundreds to a couple of thousands. If it’s the latter, it might be worth it to take the time to sit down and consider whether or not the repair costs necessary for having your house listed is worth the money or not.

3.     Upgrades/Renovations

Of course, you can’t just sell your house as is. It needs a fresh coat of paint, a new kitchen or bathroom fixture here and there, and a couple of landscaping changes, among other things, to be competitive with other New Jersey houses on the market.

These types of upgrades and renovations don’t come cheap, but if you don’t invest in them, your property won’t sell as much nor as quickly either, putting you in a tough spot financially.

4.     Staging

Many homeowners swear by staging their home to get it to sell, and for good reason – it works. Why shouldn’t it, though? You’re paying money to make the house feel like a blank slate while also attractive at the same time so that, when a prospective buyer comes in, he or she is able to fully envision living in your home as if it was sold already.

Unfortunately, working with a professional stager isn’t cheap, and the longer you have your house staged, the more money you’ll have to spend to get it to sell.

5.     Utilities

Up until the deal is closed, it’s still up to you to pay for the utilities to keep the lights and water on. This might not be a lot, but it will add up if it takes you a long time to get your house sold.

Save yourself the trouble of putting up your house for sale along with other homes for sale in Essex. Work with a direct buyer like Cash Buyer New Jersey so you can cut down the sale time from a few weeks or months to a couple of days!

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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