Most Popular Asked Questions
 
Q. How do you do it for only 2%?
 
  • The seller pays commission to the listing agent, the listing agent split the commission with agent's brokerage company. Mimi Cha is the owner of brokerage, so she keeps all commission.

Q. Does a Corporate Brand Name sell a property?

  • When I worked with (3) major franchise for 10 years, I realized that a having a corporate name behind me meant nothing  to my clients. Unlike such as car, electronic, clothing where name perceive style, prestige or quality, thus impact the purchasing decision - but real estate brand affiliation has no such value or prestigious image. It is an illusion.

  • The Company SIZE or Company NAME makes NO difference to the potential Buyers.The majority of Buyers begin their home search on-line. It is important that the agent list the property in the NJMLS, 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, it's not true?
 
  • That is not true. Even though some real estate company try to create the illusion of possessing the majority percentage of the "buyer pool", few brokers and salespeople have more than just a very small percentage of the total buyers.

Q. A Broker will list in the MLS, and their fee is much less. Should I select the Broker?
  • There are lot more to selling a home besides listing in the MLS.  The good agent will dedicate not just getting the house to sell but to causing the house to sell for more. 
Q. What is NJMLS?
  • A Multiple Listing Service is a set of business behaviors among RE Brokers. The MLS network is designed to assist in the cooperation, commission split, and leading to the sale. In fact, large portions of RE transactions are a results of direct MLS exposure.
Q. The "commission split" how does it work?
  • Listing Broker usually cooperate with other Brokers by offering to pay part of their commission, this is referred to as the "commission split". 
  • The commission should be based on individual agent skills and END results, not all agents are alike.
 

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 designer to decorate for living, usually done within owner's taste and lifestyle. But Fengshui application is the intention with the changes are made: removing personal items, creating a nice 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 we find the best, the right Buyer, not just a Buyer, which in turn can lead to higher net figures to seller.