1. MEETING WITH A REALTOR
NJ Licensed Agents
2. PRICING
Market Value vs. Market Cost
3. LISTING / MARKETING
Listing Agreement, MLS, Zillow
4. SHOWING
Open House, Lockbox, Easy Access
5. OFFERS & NEGOTIATIONS
Amount, Terms, and Down Payment
6. PURCHASE CONTRACT
14 Page Contract
7. ATTORNEY REVIEW
3-5 Business days
8. DOWN PAYMENT
Seller attorney’s escrow account
9. HOME INSPECTION
Home, Termite, Radon
10. MORTGAGE
Appraisal, Commitment Letter
11. TITLE SEARCH
Lien, Restrictions, Tax, DEED, Bankruptcy, etc.
12. PREPARATION
Seller’s mortgage payoff, Close utility accounts
13. TOWN CO / CCO
Fire Prevention, Building Dept. Safety Issues
14. CD / ALTA
Breakdown of all costs and fees
15. KEYS / CODES
To your attorney
16. CLOSING
Sign all closing documents prior to closing
Before listing a property, it is important that you maximize the property’s market value. For example, if the property has sustained structural damage or has water damage from leaks, you may consider fixing these damages to improve the property’s value. Even small surface improvements such as changing to more modern light fixtures or applying a fresh coat of paint can largely influence how potential buyers perceive the property. The realtor will weigh the costs and benefits of various fixes and improvements to advises the client on how to boost their property’s market value.
Determining the correct value of the property is one of the most crucial steps in selling your property. While it is possible to use an online calculator to get a rough estimate, a listing agent can give a more precise estimate by taking into consideration various factors such as current market trends of the region, the size and condition of the property, and comparison with similar properties. Working with a professional agent who can draw from experience and knowledge of the market is essential in ensuring that you begin the selling process in the best possible position.
- The average listing price of comparable properties recently sold in the region
- Prices of comparable properties currently listed
- Location of the property
- Size and dimensions of the property
- Details of the property – layout, number of bedrooms/bathrooms, basement condition, inclusion of parking space, fencing, backyard, swimming pool, scenic views, etc.
- Condition of the property
- Property tax amount
- Swift and precise market analysis to help the Seller decide on the highest possible listing price.
- Advertisement and marketing in all of the United States in English, Korean, and Chinese for exposure to the widest possible market to ensure negotiations happen as soon as possible.
- Lead negotiations to ensure the most advantageous conditions, including price, for the Seller.
- Thorough guidance through each and every step from Listing to Closing, guaranteeing a smooth and clean process.
- Maintaining close and cooperative relationships with all related parties, including buyers, sellers, lawyers, other agents, title companies, mortgage companies, inspection companies, and related town officials for successful closings.
- Managing Relocation Services, including moving or buying a new property, for the Seller if needed.
Properties being listed will be advertised in key online platforms, including NJMLS, GSMLS, Hudson MLS, Zillow, Trulia, Realtor.com, Homes.com, Redfin, Google, etc. Online listings will include specific and relevant key information regarding the property as well as the surrounding areas. Listings will also include photographs taken by a professional real estate photographer, giving potential buyers access to previews of the property. This is an invaluable advertising tool, both expediting the process of buyers gathering information as well as visually drawing them in.
Potential buyers can view the listed property easily by utilizing the search function provided by the koreanzip portal. The property search app can be used by any iOS or Android device, ensuring that your listed property can be seen by potential buyers at any given time and place.
To increase the number of potential buyers viewing your listing, we utilize advanced digital and online advertising strategies to maximize online traffic. Additionally, as one of the largest networks of agents in the United States, our team uses word of mouth and other promotional opportunities to further advertise your listing.
Our marketing and advertising are not confined to within the United States. Through our partners in Korea and China, your listing is promoted as a special listing to reach an even wider market of potential buyers.
| Category | Description | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attorney Fee | $1,000~$1,500 | ||||||||||||||||||||||||||||||||
| Broker Fee | 4%~6% | ||||||||||||||||||||||||||||||||
| Title Related Fee | $100~$300 | ||||||||||||||||||||||||||||||||
| CCO Fee | Depends on the town, usually $50~$150 | ||||||||||||||||||||||||||||||||
| Seller’s Credit | Based on the buyer’s inspection claim | ||||||||||||||||||||||||||||||||
| Seller’s Concession | Seller Agreeing – a buyer to get an extra mortgage for closing cost up to 5% | ||||||||||||||||||||||||||||||||
| Adjustments | Adjusting unpaid or prepaid – Property Tax, Insurance, HOA fee (Condo) | ||||||||||||||||||||||||||||||||
| Other Fees | FedEx, Wire Transfer Fee, Power of Attorney, etc. | ||||||||||||||||||||||||||||||||
| Realty Transfer Fee | General Seller | Senior over 62, Blind Person, Disabled Person | |||||||||||||||||||||||||||||||
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