How can I get rid of my personal residence without the need of a real estate agent in ?
Looking to avoid real estate agent commissions and still sell a property…. Glymph Properties can help!
In order to help you fulfill your target of selling your property, we will work with any real estate professional to get the job done for you.
After all, paying 5-6% of the sale of a property in a commission is a whole lot of money. In certain situations, brokers and real estate agents can be very useful and earn their commission. Not always.
There are several tricks to avoid paying high commissions in your sale.
Before we get going, there’s one basic real estate custom you have to know about.
In most cases in 1/2 of the 6-8% commission you pay as the seller goes directly to the buyer’s realtor.
Did you get that… you are paying for your buyer’s realtor .Let it sink in, you are literally paying for the buyer’s agent to negotiate against you. Basically, you are negotiating against yourself. You are paying to lower the sales price of your house.
How in the world does it make sense for you to do that?
In truth, it goes against reason – it is just what’s commonly done in most cases.
Here are a few ways you can benefit from that.
First, remember to consider the commissions paid when you are looking at the comparable sales. If the houses comparable to yours sold for prices that included commissions, take that into account.
Please don’t under value your house – be aware that an intelligent buyer might possibly expect to receive a discount too. If you are doing the work of one realtor, you should expect to keep that money.
Many times in , buyers who are not represented by an agent will not remember to negotiate the buyer’s side commission out of the price for themselves, so do not remind them if you do not want to pay them. Just don’t be surprised if it comes up during the negotiation.
You may consider offering 2.5% to have brokers bring their clients to check out your property. Sure, it’s a lot of money. If you’re pricing your property including that commission, you can always give a more beneficial deal for a purchaser who comes without a broker.
Now, if you really don’t like the idea of paying for a buyer’s agent and decide not to offer to include it, you may cut your pool of prospective buyers to virtually nothing.
– that is of transactions happen through the MLS – that’s the Multiple Listing Service. It is the main database that all the real estate brokers in use to gain access to information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
In the past, you had to pay a full commission to get your property on the MLS. Now in , there are a few real estate brokers who will charge you a flat fee just to list your property on the MLS. Typically, you spend a few hundred bucks and you only pay a commission if you sale your home.
Compared to the cost of a newspaper ad, the MLS is one of the cheapest ways to market your home to a very wide audience.
Many of the important real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. receive data from the MLS. Chances are high that when you submit your property in to the MLS, information on your property or home will end up on most of the major internet sites within two or three days.
Each of those sites sells ads. They’ve got packages that let you pay to enrich your listing, feature it at the top of the search, and a lot of other bells and whistles that might or might not get an interested buyer to buy your house.
Advertising and marketing is really a gamble. At times open houses in can be a wonderful way to sell property, and many times they are a waste of time. It’s exactly the same with newspaper ads, craigslist posts, Fancy For Sale By Owner signs – sometimes they work, and oftentimes they don’t.
To successfully sell your house all by yourself, you have to advertise it well.
Taping fliers and signs around your local community can generate a handful of calls, and there are a lot of free web-sites where you can post information. But typically just putting up flyers and having an open house isn’t nearly enough if your property doesn’t appeal to the standard home purchaser.
In theory, real estate brokers charge sizeable commissions because they have to spend a good deal of money up front to publicize your house. By promoting lots of properties at once, they expect to get more calls – and obviously, they’ll make good profits by selling lots of houses.
Selling houses is a numbers game. You have to go through a certain number of no’s before the right buyer comes by and you get a yes. Think Goldilocks… Your buyer is Goldilocks and your home has to be just right.
If you want to avoid paying any kind of commissions, you can also sell your house to investors like us for CASH.
We offer fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll buy houses, renovate them, then rent them out… sometimes we’ll fix them up and sell them to other people looking for great homes in the area, and a lot of other reasons, too – but we love to hear from people like you who are thinking of selling anywhere in .
We’re investors who care a lot about .
We close fast and can pay cash in as little as just 3-5 days. Give us a call now at or fill out the short form over here.
Sell Your House Fast – We Buy Houses…Get A Cash Offer Today
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