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Home Selling in 07052 : Real Estate Advice

  • All66
  • Local Info8
  • Home Buying22
  • Home Selling8
  • Market Conditions6

Activity 8
Mon May 1, 2017
Kathy Burgreen answered:
I'm a former realtor and unfortunately there is a misunderstanding of how Trulia works. Trulia is just a media website that hosts listings posted by owners, realtors and property managers. Trulia and Zillow are not real estate brokerages and have no control over the listings that appear on their website. They allow sellers, realtors, etc. to edit their own listings.

To get an estimate for your home, you will need to have a realtor provide one for you. Websites like Trulia, Zillow, etc. rely heavily on public information provided by your county to determine estimates for homes within every county in the U.S. Therefore, you need to understand that public information includes things like: number of bedrooms, bathrooms, lot size, square footage, single or multi family home, property taxes paid, last sold price, age of home, etc.

Public information does NOT include: condition of your home, layout, any upgrades / renovations (unless a permit was issued and recorded with your county); any neighborhood information, school district information, style of home, etc.

Because websites like Zillow and Trulia do not have the above information from your county, it is stated in writing that this information CANNOT be included in estimates for homes on their website. This means that their estimates can be anywhere from 10 - 50% off and therefore worthless/ Realtors, lenders, appraisers and home inspectors NEVER rely on estimates given on websites. Professionals have access to the MLS system and rely on MLS data instead. Realtors do spend time with buyers and sellers explaining the limitations of online estimates and why they are worthless.

The rare time online estimates come close is in condo buildings where the square footage is the same from 1 floor to the next and the lot size is the same.
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Sun Jul 24, 2016
Sally Grenier answered:
I'm sorry, but I don't really understand what you're talking about. This scenario sounds very confusing and I doubt anyone here can help you without knowing more info about the property and the contract you signed. So...Where is your REALTOR in all of this? Maybe you need to be asking him/her these questions?! ... more
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Sun Jul 24, 2016
Maryellenmorrow asked:
There are several plans to repay condo assoc but buyer assuming the worst possible scenario in calculations bringing me to zero profit. As seller I want to get a fair price not bringing…
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Wed Sep 2, 2015
Randi Tanenbaum answered:
I am currently selling my property in West Orange for sale by owner- so no fee. Are you looking to purchase?
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Thu Nov 21, 2013
Kyle Kovats answered:
All commissions are 100% negotiable in NJ but you'll be hard pressed to find anything below 5% because at that point it's hard for the agent to make money after all expenses incurred. Also, offering anything less than 2.5% commission to buyers agents sometimes will turn them off on your listing and rather than running to show their client your listing, they won't have as much urgency. ... more
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Mon May 13, 2013
Bev & Bob Meaux answered:
I hope everything worked out well for you in your selection of a professional Realtor and you have been able to take advantage of this burgeoning market. I also hope the professional Realtor you ultimately chose gave you great service and guidance. Enjoy. ... more
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Thu Apr 7, 2011
Laura Giannotta answered:
You'll find this links helpful. Although it deals with tax appeals in Little Egg Harbor, the process is the same throughout the state.

Get tax comparables from before 10/1/2010, but as close to that date as possible. Make sure you have the sold price, and sellers concessions and the deed recording date.

Laura Giannotta
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Thu Jul 29, 2010
Robert Northfield answered:
Hello: It would be rare to find 2 bedroom homes on 1/2 acre. However, to get information on sales at
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