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- Buyer's Agent
- First Time Home Buyers
- Investment Properties
- Land & Lots
- Listing Agent
- Luxury Specialist
- New Construction
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FAQ
Answered Questions
Hi Chad, I deal with properties like this in Atlantic City all the time. A lot of the homes here are a bit older but have been maintained well over the years, just like yours sounds. If your goal is to sell as-is and avoid the back and forth after inspections, the best approach is usually to price it appropriately from the start and clearly market it as an as-is sale. That tends to attract buyers who are prepared for that and reduces the chances of repair requests later. There are also investors and cash buyers in the AC market who specifically look for properties like this, which can make the process smoother. Clear communication between all parties is key!
Hi George, this actually happens more often than people think. If the goal is for the house to be completely in your name, the simplest way is for you to be the one on the mortgage and the deed, and your mom can always help you make the payments if she wants. From the bank's perspective though, they're qualifying you for the loan. Another option some families do is have a gift for the down payment, which lenders allow as long as it's documented properly. Hope this helps!
Hi Eric, I get this question a lot. Usually a little landscaping goes a long way since it's the first thing buyers see when they pull up. You don't need to go crazy aEUR" cleaning up the beds, fresh mulch, trimming trees and bushes, and getting the lawn in decent shape can make a big difference. I usually focus on simple things that make the house look well cared for WITHOUT spending a fortune.
Good question, Mark. A lot of people assume commission is just based on experience, but there are actually a few things that can affect it aEUR" the type of property, price point, how much marketing is involved, how competitive the market is, and the overall scope of work. Every brokerage and agent structures things a little differently. One important thing to know (especially with the newer rules) is that commissions are not set by law and are fully negotiable between you and the agent. In New Jersey now, you'll typically sign a listing agreement or buyer representation agreement that outlines exactly what the commission is and what services the agent is providing. Once that agreement is signed, the terms are locked in for the length of that contract unless both sides agree to change it. In short - it's negotiable upfront, but it should be clearly spelled out in writing before listing the property.
Hi Paul, to get a property on the MLS, it has to be entered by a licensed real estate broker. Homeowners can't post directly to the MLS themselves. That said, some companies offer flat-fee MLS services where they'll put your property on the MLS for you for a set fee while you handle the sale (which I do not recommend). Most sellers still choose to work with an agent because once it's on the MLS it automatically pushes out to sites like Zillow, Realtor.com, etc. and the agent handles the showings, negotiations, and paperwork.
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