The Jersey Shore by Karl Hess

Selling Your Own Home on The Jersey Shore

Selling Your Own Home (FSBO) on The Jersey Shore: Can You Do it?  Yes!!


Selling your own home or being a "For Sale By Owner" (FSBO) can be rewarding, but it can also be very demanding. Ask yourself the following questions:

  • Do I have the time?  In many cases, homes stay on the market longer than necessary because the owner will not or can not devote the time to show their house to potential buyers, hold open houses or handle "drop by" buyers.  This is especially prevalent on the Jersey Shore due to vacationers.

 

  • Do I know how to market my house? To whom, where, what, when, etc.

 

  • Can I negotiate?  Many FSBO's are targeted by investors with ‘low-ball' offers of "cash today" or "this deal expires at midnight," putting added pressure on the seller.  There's also counter-offers, closing costs, etc. etc.

 

  • Do I know the law? I've spoken to a lot of FSBO's on The Jersey Shore and particularly Barnegat Township over the last few weeks and I've asked all of them if they are familiar with real estate law.  Not one of the owner-sellers was aware of federal or state laws.

 

  • Do I know the "professionals?"  Title Companies, inspectors, attorney's escrow companies, etc.  I don't mean "Googleling" local providers, but actually having the experience working with "known entities" that understand your requirements.

 

  • Do I know how to screen buyers?  How much sense does it make to show homes to people who have no intention nor the ability to actually make a purchase, much less an offer.  This can be especially true here on The Jersey Shore where vacationers are looking for something to do on a rainy day.




Think about those questions and if you can honestly answer "yes" you should have a competitive edge on the other FSBO's.  But, if you answered "no" you need to do some serious studying so that you can acquire at least some of the knowledge that most licensed Real Estate Professionals have learned through formal education and experience.

Just a couple of facts you need to remember: 80 to 90% of all FSBO's decide to sign with an agent eventually.  50% of those FSBO's that were successful in selling their own home said that they would hire an agent next time.  Just to reiterate: HALF of the people that were SUCCESSFUL at selling their own home said they wouldn't do it again.  That's pretty amazing!  But, if you're up for the challenge, you may be able to save a few thousand dollars by selling your own home, though studies have shown tha FSBO's actually sell their house for less than if they had agent representation.  That doesn't necessarily mean you, the owner, would make more money, as that would depend on other factors.

So, if you're living on The Jersey Shore and decide you want to try and sell your own home, I wish you the best at what can be a very rewarding though difficult endeavor.

Karl Hess, Barnegat
Your Agent on The Jersey Shore

 

 609-553-7926

Find Your Dream Home on The Jersey Shore in Ocean County!

www.TheJerseyShoreHomeFinder.com

 

 Licensed in New Jersey.  Keller Williams Shore Properties 

1400 Hooper Ave. Toms River NJ 08753 Phone: 732-797-9001

 

 

 

Comment balloon 0 commentsKarl Hess • July 05 2010 09:02PM
Selling Your Own Home on The Jersey Shore
share
Selling Your Own Home (FSBO) on The Jersey Shore : Can You Do it? Yes!! Selling your own home or being a "For Sale By Owner" (FSBO) can be rewarding, but it can also be very demanding. Ask yourself the following questions: &… more
Don't Flounder Searching for your Home on The Jersey Shore
share
Don't Flounder Searching for your Home on The Jersey Shore. The Jersey Shore provides some of the finest and most varied fishing opportunities along the entire East Coast. While the precise timing varies a little from year to year, we… more
For Sale By Owner - Jersey Shore Safety Tips Part 2
share
For Sale By Owner - Jersey Shore Safety Tips Continued Well, we've covered the first 5 tips and here are the rest: Keep a log of everyone who has looked at your house. Get their name, telephone number, address, car… more
For Sale By Owner - Jersey Shore Safety Tips Part 1
share
I've been visiting a lot of FSBO's lately in and around my neighborhood of Barnegat and along The Jersey Shore and I've noticed something that I think all For Sale By Owner participants need to be a little more cognizant of; safety. I've called… more
For Sale By Owner - Why Do They Do It?
share
As we all know, owners who try and sell their own home are doing it for one reason and one reason only; To save money! But what most sellers don't realise is that, according to the latest statistics, they will actually get less for their house… more