Making the most of New Jersey multiple listing services requires that you understand the advantages that multiple listing services offer to both buyers and sellers. Buyers are able to obtain instant access to many properties that meet their purchase criteria, such as price, location and special features. Sellers are able to expose their property to thousands of prospective buyers that they would otherwise not be able to reach.
NJ real estate listings may also contain listings from unrepresented sellers, although there is no specific category for a For Sale By Owner (FSBO) listing. There are three things to note when listing a FSBO property in a multiple listing service:
- An instruction to present an offer directly to the seller is frequently discouraged or even prohibited on New Jersey residential listings.
- A FSBO may sometimes pay a flat fee to a discount real estate broker in order to be listed. However, the seller is still not actually represented.
- The selling commission may be less than that offered by traditional real estate brokers, which provides less incentive for the agent to show the listing.
Find out more about the laws regarding residential property listings in NJEach state has its own multiple listing services laws. These laws cover issues such as fair housing, licensing verification and disclosure requirements.
Use New Jersey home listings to get information on an areaMultiple listing services frequently provide data on neighborhoods in addition to listing properties for that area. These services may also provide a schedule of open houses and other related events in specific neighborhoods.
Use a New Jersey MLS to get information on schoolsHome buyers are usually interested in the school district in which a property is located. This applies even if the buyer doesn't have children since homes in better school districts tend to have a higher resale value.
- Use New Jersey multiple listing services to receive new listings through email. You can have your real estate agent send you comprehensive listings not normally available to the general public. The agent can customize a search that only will send you results that meet certain criteria such as location, price and specific features.