Legal Advice During Challenging Times

Selling a House in NJ

On Behalf of | Jun 1, 2015 | Real Estate Law, Selling a House |

The process of selling a house in NJ can be stressful and frustrating.

If it has been a while since you bought your house you may have forgotten all the things that need to be taken care of in a relatively short period. Regardless of how long it has been you will need to make certain that a lot of things are taken care of to protect yourself as you sell what is probably you most valuable asset. The following are some of the most important things to consider.

Your first decision after deciding to sell your house is whether or not to use a real estate broker and if so which one. Some people choose to try and save money by selling it themselves, ie… For Sale By Owner (FSBO). I could do an entire segment on why this is a bad idea, but for the purposes of this section I will state that it’s not worth saving the 6% commission. Without a realtor you will have to be there to show the house to an endless stream of strangers going through your home. You will also have to figure out what your listing price should be and what your sale price is. You will also be forgoing the benefit of having your home listed in the Multiple Listing Service (MLS).
All of this may work for some, but generally it’s not recommended.

Next you must choose a real estate agent. Interview at least a few and get a feel for who might best know your market and who is interested in getting you the best price, not just a quick sale. Some agents specialize in sales only while others specialize in purchases. You don’t necessarily need an agent who specializes in sales, but it might be an option to consider. But above all else, you want a local realtor who knows the market and your neighborhood. It is your agent who will be answering all of the questions a prospective buyer will have, so make sure you have a very knowledgeable one.

As soon as you have decided on your real estate agent you should also be considering who you will use as your closing attorney. As described above, you should use an attorney who is experienced in the sale of real estate. He/she will be responsible for approving the contract that the buyer’s attorney proposes. Therefore, you must be certain that they know what they are doing and they understand what any of your special needs or concerns might be. For instance, you might need additional time to move because the home you wanted to purchase is not ready. That can be incorporated into your sales contract. Your attorney will also need to review the title report and make sure that any issues are resolved before the closing.

Mr. Montero will handle your real estate closing personally from beginning to end with the attention to detail that is of utmost importance in this field filled with deadlines and requirements. Please call 973-869-5556 or 201-415-8700 to discuss your needs and Mr. Montero will get back to you within 24 hours.