How to Sell Your New Jersey House Without An Agent

Did you know that you don’t always need an agent to sell your house? As hard as you may think it is, it’s not impossible. Just like how easy it is for people these days to remodel and renovate their homes without hiring contractors, it is possible to put your house for sale in Passaic NJ without an agent.

The Money Factor

This is perhaps the biggest reason why you’ll want to think of selling your house without an agent. Agents don’t come cheap. With a 6% commission on the final sale price, agents can make thousands of dollars from the homes for sale NJ.

When you factor in all of the costs, such as upkeep, repairs, and maintenance, you’ll end up pocketing far less than the final sale price. This is a huge problem if you still have a high mortgage balance to worry about. Additionally, just because you’re not going to hire an agent doesn’t mean that the buyer is not going to hire one as well. Don’t forget that.

It’s not unusual for a buyer’s agent to negotiate for a bigger commission since he or she will be doing more of the work because you choose not to hire an agent. In the end, you might still pay 6% commission, but only for the buyer’s agent instead.

A Point of Negotiation

Although you can’t force buyers not to hire an agent, as a seller, they might be more interested to buy your property because of the possibility of transacting without outside representation. The amount of savings in the transaction is a huge negotiating power that you can leverage while your property is on the market.

This is especially true if you know what you’re doing. Sellers who have sold properties before know the sales process in and out and have no problems walking buyers who choose not to hire an agent through it. If you’re comfortable enough to deal with the buyer directly or the buyer’s agent, you can save a lot of money from the commission, especially since you can prevent the buyer’s agent from negotiating a higher commission fee.

There are also cases where the transaction might be very straightforward. Newly constructed houses, in particular, are easy to sell. Or, perhaps, you’re willing to sell your property as it is without making any repairs. In such cases, it’s very easy to work with buyers because all they need to do is make an offer. You can just set your price and prepare all the necessary paperwork yourself without the need to hire an agent.

A Personal Affair

If it’s a transaction between two parties that know each other, such as family members, close friends, or known business associates, then both parties can skip hiring an agent. Usually, in such cases, both parties already know what to expect from the sale, so an agent is only an unnecessary expense.

Just remember to follow all the legal sale requirements. An underrated reason to hire an agent is to make sure that the transaction follows New Jersey codes for disclosures and timeline. But, if both parties are representing themselves, then extra care is necessary. As a seller, you want to make sure that you’re following all the legalities involved with your house for sale in Passaic NJ. Otherwise, you might just find yourself facing legal troubles for a property you’ve long sold down the line.

Follow the rules and ask for legal counsel if necessary. You can never be too careful when it comes to selling houses.

If you can do all of that, then you can sell your New Jersey house without an agent.

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Estefania Castaneda
Estefania Castaneda
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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
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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
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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
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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
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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
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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
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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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