Major Disadvantages of Selling Your House on Your Own

FSBO (for sale by owner) listings could be tempting to opt for, especially if you don’t want to spend on real estate commissions. However, selling your home on your own in New Jersey is a complex and lengthy process. It has its disadvantages too. Some of the key ones are listed below.

A Lengthy and Complex Process

If you take up the FSBO route to find an answer to your question – “how do I sell my house fast in NJ?” you’ll be up for disappointment. Selling on your own would mean doing all the legwork and associated tasks by yourself. From researching the market, setting a sales price, learning about the relevant financial and legal details, creating marketing materials for the home, and advertising the property to screening potential buyers, scheduling house showings for them, and negotiating contracts, you’ll have to do all these and more. That’s why FSBOs will take a lot of your energy, time, and patience but may still not sell fast. A faster alternative is to come to us as we buy houses in NJ for cash.

The Risk of Overselling or Underselling

Since you have an emotional investment in your home, you may tend to oversell the features and amenities of your home. Attracted by these, when interested buyers come to check the place in person, they’ll find how exaggerated your claims and price have been. Thus, they’ll trust you less and may not be interested in buying. In case your house has been sitting on the market for long, you may end up selling it for a price much lower than what its fair price should have been (by failing to negotiate well) or sell it to the wrong buyer.

Lack of Experience and Access to Necessary Resources

Experienced realtors have their own networks, are adept in social media marketing, and have access to multiple listing services, websites, newspapers, etc. By using all these platforms, they can give your home the desired exposure to target the right buyers. But you won’t have access to most of these insider resources or may not know the right way to leverage them. Thus, you could end up attracting casual buyers who’re “just looking” and don’t really have any solid plans to buy a home. Even when clicking photos of your home or staging it, your lack of experience and access to the necessary resources could mean an amateurish listing that fails to impress and attract potential buyers.

Navigating the Complex Closing Process Is Tough

After you have found a buyer, you’ll need to negotiate with the buyer’s agent. Usually, you may also have to meet their attorney to sign the closing papers. Doing it on your own could make you miss some important documents like the final home inspection report, a written mortgage commitment, attorney-approved contracts, etc. If you had engaged an experienced realtor, you could have sailed through the closing process stress-free as your realtor would have competently dealt with the legal and financial aspects of the process.

Even if FSBOs sound lucrative, going with a realtor is a wiser decision when “I want to sell my house fast in NJ”is your goal.

 

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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
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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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