How can I get rid of our house without the need of a real estate agent in Norfolk ?

How can I get rid of our house without the need of a real estate agent in Norfolk ?

 How can I get rid of our house without the need of a real estate agent in Norfolk ?

Looking to avoid real estate broker commissions and still sell your Norfolk property…. Glymph Properties can help!

 

Although we do cooperate with agents, generally it’s best to try to avoid paying anyone to be in the midst.

I mean really…. who wants to give away 5-6%. That’s 5-6% of the sales price as well, not 5-6% of any money you make. So… if you succeed in selling the property for what’s left on the mortgage, then you’ll need to come out of pocket with the additional 6-9% needed to close. Many people won’t be able to afford to pay to get rid of a property. That’s a ton of money… especially if you are in an abnormal financial situation like “hey I just don’t want to pay to sell my house” or divorce, or bankruptcy, or foreclosure, or just money being tight because of taxes, tenant, or property expenses.

The art to avoiding those irritating realtor commissions.

First, there’s a tricky custom that you’ve gotta know about.

In most cases in Virginia half of the 6-8% commission you pay as the seller goes directly to the buyer’s real estate broker.

Think about it…. how does that make sense?Mull it over, you are literally paying for the buyer’s agent to negotiate against you. In essence, you are negotiating against yourself. You are paying to lose money.

Why in the world would you pay for your “opponent” ?

 

In all honesty, it goes against logic – it’s just what’s normally done.

 

Here are a few ways you can use that to your advantage.

 

First, take into account the commissions paid when you happen to be looking at the comparable sales. If the houses comparable to yours sold for prices that included commissions, take that into account.

Never under price your property or home – be aware that an informed buyer could possibly expect to have a discount too. If you are doing the work of one realtor, you should expect to keep that money.

In many instances in Norfolk , buyers who aren’t represented by a buyers agent will not remember to negotiate the buyer’s side commission out of the price for themselves, so do not remind them if you don’t want to pay them. Just don’t be surprised if it comes up during the negotiation.

You may choose to consider offering 2.5% to have brokers bring their clients to see your property or home. Of course, it is a lot of money. If you’re pricing your house including that commission, you can always hammer out a far better deal for a purchaser who comes without a realtor.

Now, if you really don’t like the idea of paying the buyer’s agent fee and decide not to offer to pay it, you will cut your pool of prospective buyers to almost nothing.

90 % of transactions happen through the MLS , the Multiple Listing Service. It is the main database that all the real estate agents in Norfolk use to obtain information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.

At one time, you had to pay a full commission to get your property or home on the MLS. Now in Norfolk , there are a few real estate agents who will charge you a flat fee just to list your property on the MLS. Usually, you spend a few hundred dollars and you only pay a commission if you sale your property.

 

Compared to the cost of a newspaper ad, the MLS is one of the cheapest ways to market your property or home to a very wide audience.

 

Each of the key real estate web sites like Realtor.com, Zillow, Yahoo Homes, etc. acquire data from the MLS. Chances are really good that when you submit your house in Norfolk to the MLS, information on your property or home will end up on most of the major web sites within several days.

 

Each of these sites sells ads. They have packages that let you pay to boost 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 property.

 

Advertising and marketing could be a gamble. At times open houses in Norfolk can be a excellent way to sell a property, and from time to time they’re a waste of time. Same with newspaper ads, craigslist posts, Fancy For Sale By Owner signs – occasionally they work, and many times they don’t.

To efficiently sell your home all on your own, you have to advertise it well.

Positioning fliers and signs around your area can generate a number of calls, and there’s a lot of free web-sites where you can post information. But generally just posting advertisements and having an open house is not enough if your house does not appeal to the ordinary home shopper.

 

In theory, real estate professionals charge significant commissions because they have to spend a whole lot of money up front to market your home. By promoting lots of houses at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of properties.

 

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 property has to be just right.

If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH.

Glymph Properties presents fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).

Sometimes we’ll buy Norfolk properties, 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 Norfolk .

We’re investors who care a lot about Norfolk .

We close fast and can pay cash in as little as just 3-5 days. Give us a call now at 888-509-6267 Ext 4 or fill out the short form over here .

Sell Your Norfolk House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about your Norfolk real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.

Fill out this form or give us a call anytime at 888-509-6267 Ext 4 for a Fair Cash Offer
Check Out Our Website See how we buy houses fast!

Free seller resources!

www.gpbuyshomes.com/blog

We buy real estate within 50 miles of the following zip codes: 23502, 23503, 23504, 23505, 23507, 23508, 23509, 23510, 23513, 23517, 23518, 23523.

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