Home Selling in Belmar>Question Details

Jay Alders, Both Buyer and Seller in Belmar, NJ

for sale by owner

Asked by Jay Alders, Belmar, NJ Mon Mar 23, 2009

Has anyone used any of the online sites to sell on your own? Any advice? My home is in a good beach community, good price, and amazing location with good visibility for everyone in the area to see...I am about to list it on my own and give it a shot

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Jay,

My company has assisted hundreds of for sale by owners in selling their own homes in Monmouth County. In 2008, we ranked in the top 5% (#15 to be exact) of all listing brokers due to the volume of property listings sold using our services. I've been watching them grow their business over the past 5 years and left a brand name broker to jump on board.

Feel free to peruse my website and/or give me a call to discuss further.

Sincerely,
Francesca Patrizio, Realtor, ePro
Web Reference: http://www.PatrizioRE.com
0 votes Thank Flag Link Tue Mar 24, 2009
P.S. Would also be happy to provide you with names of other FSBO's that had success using our services, as well as current happy customers!
2 votes Thank Flag Link Tue Mar 24, 2009
Hi Jay:

I applaud you for want to give it a shot on your own!

However, let me caution you; selling a home in today's complicated real estate climate is like "bringing a knife to a gunfight." I'm not saying it's impossible for you to sell your home, but unless you have a drop-dead gorgeous, one-of-kind home with wall-to-wall unobstructed water views, you may be up for a real challenge.

If we were still in the "sellers' market" of 2005-2006, it would be a completely different story. That was the span of time when you could basically name your price and VOILA! your home was sold. It was that kind of excess that got us in the pickle we're in now as far as the economy goes.

My recommendation to you is, pull out your heavy arsenal from day one! In other words, interview and hire THE BEST Realtor you can find who knows your local area and will aggressively market your home to get it SOLD.

Coincidentally, I am a waterfront home expert in Central NJ and even have clients who own summer homes in Belmar, LBI, etc. If you need help identifying a strong Realtor who knows the Belmar market inside-out just say the word, and I'll be happy to put you in touch with a great agent.

All the best,
Amber

AMBER NOBLE-GARLAND
Waterfront Home Expert & Short Sale Specialist
Weichert, Realtors (Marlboro~ Manalapan office)
455 Route 9 South
Manalapan, NJ 07726
917-723-5645 - cell
732-536-4400, ext 199 - office

http://www.AmberLovesRealEstate.com

"Your Reliable Resource For NJ Real Estate, Local Info & More"
1 vote Thank Flag Link Tue Mar 24, 2009
If you have a great location and are willing to do the work needed to market your home, go for it! If you plan to use a FSBO company that also offers a listing in the MLS be sure the company uses the MLS specific to your area. You've got a lot of good avdice here, and I wish you the best of luck!

Laura Giannotta
Keller Williams Atlantic Shore
0 votes Thank Flag Link Mon Mar 23, 2009
Jay, In this market with the overwhelming amount of inventory it is more difficult for for sale by owners to compete these days. If your home is in a well trafficked area, then stick a sign in your yard and see how it goes. Belmar and the other shore towns do attract a large number of out of area buyers who may not see your sign. You can try the online sites, however there has been many dissatisfied owners who have paid for certain sites that charge. Put your home on the free sites. Right now the #1 sites that myself as a realtor has access to are Trulia and Realtor.com who are the most visited RE sites. Before I became a realtor I was all for having someone sell on their own. But now that i'm in the business I see the liability that can arise without having professional representation. Give it a try but keep in the back of your mind that along with liability issues, FSBOs often sell for a lower price than if they were listed, even with paying the commission. If you arent seeing any activity within the first 3-4 weeks, then consider hiring an agent. Summer is coming and the buyers are out, you dont want to waste valuable time if buyers arent finding your home. Please feel free to contact me if you have any other questions, I would be happy to send you out my free FSBO package with some important information you may find useful. Take care, Laureen Coup Broker Manager Crossroads Realty LCoup@CrossroadsRealtyNJ.com
0 votes Thank Flag Link Mon Mar 23, 2009
Hi Jay,

Congratulations on making the decision to sell your home. Belmar is a great town, and more affordable than some neighboring shore towns, so with a good plan, you should be successful. I live in the area and recently sold my home in Belmar, so I'm very familiar with the town.

Regarding your question on internet sites, I have to agree with the agent below - Trulia, Zillow - I have also been told by some that Craigslist can generate some leads. In addition to your internet marketing, I would advise that you also do some print advertising, especially when hosting open houses. See if you can schedule your open houses while other ones are going on to get the most activity.

It looks like you covered the most important items with selling your home - location, price & marketing. How is the condition? Also, how did you come up with your asking price? Did a local realtor provide you with any local comps? If so, be sure to review them carefully and try to position yourself with the competition to generate the most interest. Buyers are very knowledgeable today with the number of homes for sale and information available. If priced well, there should be a sense of urgency to see your home; also prospective buyers will recognize a good value when they see it.

I know I gave you more information than you requested. I hope you find it helpful. In the meantime, feel free to call me or email me any specific questions about marketing and selling your home. Also, I will be happy to keep you informed on market conditions, especially new and sold properties.

Good luck!

Nita Rose
Diane Turton, Realtos
908-309-9405
email - nrose@dianeturton.com
0 votes Thank Flag Link Mon Mar 23, 2009
There is a hundreds of internet sites for seling on your own , many of them claim millions of hits but in reality you have to be on the bigest ones like Trulia or Zillow
0 votes Thank Flag Link Mon Mar 23, 2009
Jay,

I also forgot to mention that I wrote some great articles about selling on your own. Feel free to read them as they have received a lot of media attention. http://www.reneeporsia.com

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com
0 votes Thank Flag Link Mon Mar 23, 2009
Hi Jay,

Here is my professional advice.

Those FSBO companies are actually Realtors that is number one. Number two they usually charge an up front fee of some sort to give you a sign and some other materials. Then you will pay to advertise or whatever it is that you will do on your own. You will then show your home, negotiate your price and then do your own paperwork or hire a title company or an attorney to do your paperwork.

If your home doesn't sell then those companies will offer to put your home into the MLS (Multiple Listing Service) system and charage you yet another fee and you will have to then offer out a buyer agent fee between 2-3% and you will not be represented but the buyer will so then you are at a disadvantage.

If you are trying to avoid paying anything, even selling on your own will not accomplish this and many times, owners wind up paying more than had they just hired a Realtor.

Let me ask you this question if you do not mind. Will you be putting your home up on your own at a higher price than those that most recently sold which are similar to yours?

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com
0 votes Thank Flag Link Mon Mar 23, 2009
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