How do I get rid of my own property without a real estate agent in Edinburg ?
Needing to avoid realtor commissions and still sell your Edinburg property…. Glymph Properties can help!
We aim to get you the most money possible so we prefer not to work with realtors, but we will if need be.
I mean really…. who wants to pay 5-6%. That’s 5-6% of the sales price as well, not 5-6% of any money you make. So… if you accomplish your goal of selling the property for what you owe, then you’ll need to come out of pocket with the additional 6-9% needed to close. Some people , and in our opinion rightfully so, don’t think they should have to pay anything to sell their house. That’s a lot 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 and science to avoiding those bothersome realtor commissions.
Before we get going, there’s one basic real estate custom you have to know about.
In most cases in Texas half of the 6-8% commission you pay as the seller goes to the buyer’s real estate agent.
Doesn’t make much sense, right?Give it a second- let it really sink in, you are literally paying for the buyer’s agent to negotiate against you. Simply, you are negotiating against yourself. You are paying to lose money.
Why in the world should you pay for your “opponent” ?
Seriously, it contradicts logic – it is just what is traditionally done in most cases.
Here are a few ways you can use that to your advantage.
First, remember to include the commissions paid when you are looking at local comparable sales. If the properties comparable to yours sold for prices that included commissions, take that into account.
Be careful, don’t under value your house – be aware that an experienced buyer will probably expect to receive a discount too. If you are doing the work of one agent, you should expect to save that money.
Most of the time in Edinburg, 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 don’t want to pay them. Just don’t be surprised if it comes up during the negotiation.
You may consider offering 2.5% to real estate professionals who will bring their clients to show your property or home. Sure, it is a lot of money. If you’re pricing your property including that commission, you can always negotiate a more advantageous deal for a purchaser who comes without an agent.
Now, if you really don’t like the idea of paying for a buyer’s agent and decide not to offer to pay it, you can expect to cut your pool of prospective buyers to just about nothing.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It’s the main database that all the agents in Edinburg use to find 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 Edinburg, there are a few real estate brokers who will charge you a fee just to list your property on the MLS. Generally, you spend a few hundred dollars and you only pay a commission if the sale closes.
Compared with the cost of a newspaper ad, the MLS is one of the cheapest ways to market your property or home to the largest audience.
Most of the big real estate web sites like Realtor.com, Zillow, Yahoo Homes, etc. use data from the MLS. Chances are really good that when you submit your house in Edinburg to the MLS, information on your house will end up on most of the major online websites within days.
Each of those sites sells ads. They’ve got packages that let you pay to greatly enhance 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.
Marketing can be a gamble. Sometimes open houses in Edinburg can be a good way to sell property, and many times they are a waste of time. It’s the same with newspaper ads, craigslist postings, FSBO (For Sale By Owner) signs – occasionally they work, and quite often they don’t.
To effectively sell your house without any help, you have to market it well.
Placing fliers and signs around your community can generate a handful of calls, and there’s a lot of free web sites where you can post information. But usually just putting up advertisements and hosting an open house isn’t nearly enough if your property does not appeal to the everyday home shopper.
In theory, realtors charge considerable commissions because they have to spend a ton of money up front to publicize your property. By advertising lots of properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of houses.
Selling properties 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 house 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 give fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Edinburg 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 Edinburg.
Glymph Properties invests because we care a lot about Edinburg.
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 Edinburg House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Edinburg real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
We are interested in purchasing properties in: 78539, 78540, 78541, 78542.
Are you looking to find other properties to invest in… visit our investor website or give us a call anytime at [cinvestphone] for a Fair Cash Offer
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