When an individual decides to work with one of the qualified Jersey City realtors, they want to know upfront if there will be any fees associated with this business relationship. Depending on the need of the consumer, the potential fee will vary.
Jersey City Realtors Fees for Buying a Home
When an individual or family decides to make the jump into home ownership, they will want to work with one of the experienced Jersey City realtors. They can find Jersey City realtors through the referral of a friend or relative, looking on the Internet or going to an open house. When an individual is looking to make a real estate purchase, there is no fee for the real estate buyer.
Jersey City Realtors Fees for Selling a Home
When someone decides to sell their home, they should employ the services of one of the Jersey City realtors licensed in New Jersey. They will have a strong history in helping property sellers prepare a property for sale, developing a strong marketing campaign and providing step-by-step guidance through the entire process.
The typical fee when a property owner is working with Jersey City realtors when selling a property is six percent of the selling home price. Due to the current real estate market, however, many home sellers are very successful in negotiating either a lower percentage or a flat fee. Real estate owners should not be afraid to try and negotiate with Jersey City realtors regarding the seller’s fee.
Jersey City Realtors Fees for Property Rentals
Just like there are fees associated with selling a property, there are fees assessed by Jersey City realtors when working to fill a rental property. Unlike the price of the fee for selling a property, the fee associated with a rental is much lower.
If an individual decides to work with Jersey City realtors to find the right rental property, the renter will pay the fee. There is no cost to the property owner to list the rental. The fee for the assistance of Jersey City realtors is usually one month’s rent. Just as property sellers are working to negotiate a lower fee, it certainly doesn’t hurt to try and negotiate a lower fee for rentals as well. Because the real estate home buyer’s market is quite soft, more and more individuals are looking for rentals. Therefore, this may be a little tougher to negotiate.