Most Popular Asked Questions
 
Q. How do you do it for only 2%?
 
  • While the expertise of REALTORS® remains vital to the home buying process, the internet serves as a tool for all generations of home buyers; 97% of all home buyers used the internet in their home search. Today's Buyers directly contact the listing agent for viewing or additional information. Therefore, the opportunity arises to represent both the seller and buyer (Disclosed Dual Agent).
  • In case Mimi Cha works as a Disclosed Dual Agent in the transaction, Seller pays the commission 2% total.  
 
Q. Are offers of "Buyer agent compensation" mandatory?
  • No. Neither Seller's broker nor Seller have any obligation to offer compensation to Buyer's agent. However, Seller has decided that it is in Seller's best interest to offer compensation to a Buyer agent, Seller may choose to offer between 0.5% to 3% to Buyer's agent. 
                                                            
 Q. What is an MLS?
 
MLSs provide online platforms that compile home listings from brokerages in a given market. They enable agents to efficiently see available homes for sale and get helpful marketplace data and typically share listing information to national and local websites that advertise property information. There are many MLSs across the U.S., and each has its own rules to make sure its information is complete, accurate, and transparent.
 
Q. What value does an MLS provide?
  • MLSs allow real estate professionals to see, share, and promote homes for sale so they can be found by the largest pool of potential buyers. MLSs provide the most accurate, reliable, and detailed information about properties (both that have sold and are for sale), including listing price, address, features, disclosures, and square footage. MLSs also help promote fair housing and equal opportunity by giving real estate professionals and their clients access to consistent information.  
 
Q. Does a Corporate Brand name sell a property?
  • No. Despite all the branding claims and dated beliefs about having a certain company's for-sale sign in your yard, it makes zero difference to the potential buyer it attracts. Nor will the brand have any impact on what type of buyers your home attracts. Unlike other brand-name commodities such as cars, electronic, clothings, where the brand name perceive style, prestige or quality thus impact the purchasing decision, none of  this is applicable to purchasing a house. Real estate brand affiliation has NO such value or prestigious image. It is a total illusion.
  • The key difference is that the agent makes, not the brand name.
 
Q. Does a company size matter?
  • The Company SIZE makes NO difference to the potential Buyers.The majority of Buyers begin their home search ON-LINE internet. It is important that the seller agent list the property in the MLS, the NJMLS (New Jersey Multiple Listing Service) levels the playing field.

Q.  An office with a lot of agents meant those agents would all be trying to sell my home.
 
That is not true. Even though some real estate company try to create the illusion of possessing the majority percentage of the "buyer pool". MLSs allow real estate professionals to see, share, and promote homes for sale so they can be found by the largest pool of potential buyers.
 
Q.  Why do sellers still list with 5-6% charging brokers?
 
  • The big companies spend a lot of effort training their agents to push the service-side perception of their offering and avoid the issue of fees. To defend their commission, they will argue that "if you pay less, you will get less". It's all a smokescreen, of course. There is no shortage of unhappy seller who paid 5-6%.

Q. A Broker will list in the NJMLS, and their fee is less than Pay Less Realty 2%. Should I select the Broker?
 
  • The good agent will dedicate not just getting the house to sell but to causing the house to sell for more. There are lot of works to selling besides listing in the MLS.
Q. My house didn't sell, the listing "Expired" was it the Price?
 
  • No, it isn't always the price. Overall marketing is the overall reason. 

Q. How would the FengShui applications help to sell the property?
  • Homeowner hire interior designers to decorate the home for living, usually done within homeowner's taste and lifestyle. When the home is on the market for sale, it is totally different situation, Feng Shui applications is more than just an aesthetic choice; its a strategic tool for success, the intention with the changes are made: removing personal items, creating good energy flow through the space, and adjustment would be made for all (5) Fengshui elements in space. It may take only a few re-adjustment , but the FengShui impression can be extremely rewarding. 
 
Q. What if we want to sell on our own (for sale by owner)?
 
  • I strongly recommend that seller not try to sell on your own. Seller makes more money with Pay Less Realty representing the sale, because Mimi Cha find the right Buyer/highest bidder not just a Buyer, which in turn can lead to higher net figures to seller.