How possible is it to sell my Tyler home without having a real estate agent?
Needing to avoid real estate broker commissions and still sell that Tyler house…. we can help!
In order to help you perform your mission of getting rid of your house, Glymph Properties will work with anyone to get the job done for you.
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 your property for what you owe, then you will 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 property. That’s a ton of money… especially if you are in an irregular 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.
There are a number of tricks to avoid paying high commissions in a sale.
First, there is an irritating custom that you have to know about.
In most cases in Texas 1/2 of the 6-8% commission you pay as the seller goes directly to the buyer’s real estate agent.
Doesn’t make much sense, right?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 lose money.
How in the world does it make sense for you to do that?
In truth, it goes against logic – it’s just what’s commonly done.
Here are a few ways you can benefit from that.
First, factor in the commissions paid when you happen to be looking at local comparable sales. If the properties comparable to yours sold for prices that included commissions, take that into account.
Please don’t under price your house – be aware that an intelligent buyer might possibly expect to receive a discount too. If you are doing the work of one agent, you could expect to keep that money.
Many times in Tyler, 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 don’t 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 real estate professionals who will bring their clients to see your property. Sure, it is a lot of money. If you’re pricing your house including that commission, you can always give a more beneficial deal for a purchaser who comes without a broker.
Having said that, if you don’t leave room for the buyer’s realtor’s commission, will be excluding most of the buyers in the market in Tyler.
90 % of transactions take place through the MLS , the Multiple Listing Service. It is the main database that all the real estate brokers in Tyler 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 house on the MLS. Now in Tyler, there are a few real estate brokers who will charge you a fee just to list your property on the MLS. Typically, you spend a few hundred bucks and you only pay commission if the sale closes.
Compared with the cost of a newspaper ad, the MLS is a cheap way 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 listing in Tyler to the MLS, information on your property will end up on most of the major internet sites within two or three days.
Each of these sites sells ads. They have 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 is really a gamble. Occasionally open houses in Tyler can be a wonderful way to sell a property, and many times they are a waste of time. It’s exactly the same with newspaper ads, craigslist postings, FSBO (For Sale By Owner) signs – from time to time they work, and oftentimes they don’t.
To efficiently sell your property all by yourself, you have to market it well.
Taping fliers and signs around your local community can generate a handful of calls, and there are a lot of free websites where you can post information. But typically just posting ads and having an open house isn’t nearly enough if your house doesn’t appeal to the standard home shopper.
In theory, real estate brokers charge sizeable commissions because they have to spend a good deal of money up front to publicize your home. By advertising 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 commissions, you can also sell your house to investors like us for CASH.
Glymph Properties offers you fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Tyler properties, fix them up, 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 Tyler.
Glymph Properties invests because we care a lot about Tyler.
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 Tyler House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Tyler 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
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