How simple is it to get rid of your Chicago home without a real estate professional?

How simple is it to get rid of your Chicago home without a real estate professional?

 

 How simple is it to get rid of your Chicago home without a real estate professional?

Glymph Properties could certainly help if you have to get rid of a house or investment property in Chicago without a broker.

Our primary goal is to get you the most money possible so we prefer not to work with real estate agents, but we will if it’s required.

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 succeed in selling your property for what is left on the mortgage, then you’ll need to write a check for 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 a property. That is a lot of money… especially if you are in an unusual 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 several tricks to avoid paying high commissions on your sale.

Before we get going, there’s one thing you have to know.

 

In most cases in Illinois half of the 6-8% commission you pay as the seller goes to the buyer’s agent.

 

Did that little tid-bit register… you are paying for your buyer’s realtor .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.

 

How in the world does it make sense for you to do that?

Seriously, it contradicts logic – it is just what is traditionally done.

 

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

 

First, remember to include the commissions paid when you happen to be looking at the comparable sales. If the houses similar 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 have a discount too. If you are doing the work of one realtor, you can expect to keep that money.

Most of the time in Chicago , 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 want to consider offering 2.5% to have real estate agents bring their clients to see your property. Sure, it is a lot of money. If you are pricing your property including that commission, you can always give a more advantageous deal for a purchaser who comes without a broker.

On the contrary, if you don’t leave room for the buyer’s realtor’s commission, will be excluding most of the buyers in the market in Chicago .

, of transactions occur through the MLS – that is the Multiple Listing Service. It’s the main database that all the real estate brokers in Chicago use to find information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.

 

Not so long ago, you had to pay a full commission to get your property on the MLS. Now in Chicago , there are a few agents who will charge you a service charge just to list your property on the MLS. Generally, you spend a few hundred dollars and you only pay a commission if you sale your home.

 

Compared to the cost of a newspaper ad, the MLS is a cheap way to market your house to the largest audience.

Most of the big real estate websites like Realtor.com, Zillow, Yahoo Homes, etc. use data from the MLS. Chances are high that when you submit your listing in Chicago to the MLS, information on your house will end up on most of the major online websites within days.

 

Each of these 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.

Advertising can be a gamble. At times open houses in Chicago can be a good way to sell a property, and from time to time they are a complete waste of time. It’s the exact same with newspaper ads, craigslist postings, Fancy For Sale By Owner signs – occasionally they work, and quite often they don’t.

 

To effectively sell your home without any help, you have to advertise it well.

Taping fliers and signs around your local community can generate a number of calls, and there’s a lot of free websites where you can post information. But usually just putting up flyers and having an open house is not enough if your property doesn’t appeal to the everyday home shopper.

 

In theory, real estate professionals charge considerable commissions because they have to spend a ton of money up front to advertise your property. By marketing lots of properties at once, they expect to get more 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 kind of commissions, you can also sell your house to investors like us for CASH.

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

 

Sometimes we’ll buy Chicago 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 Chicago .

Glymph Properties invests because we care a lot about Chicago .

 

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 Chicago House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about your Chicago 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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We buy homes near: 60018, 60601, 60602, 60603, 60604, 60605, 60606, 60607, 60608, 60609, 60610, 60611, 60612, 60613, 60614, 60615, 60616, 60617, 60618, 60619, 60620, 60621, 60622, 60623, 60624, 60625, 60626, 60628, 60629, 60630, 60631, 60632, 60633, 60634, 60636, 60637, 60638, 60639, 60640, 60641, 60642, 60643, 60644, 60645, 60646, 60647, 60649, 60651, 60652, 60653, 60654, 60655, 60656, 60657, 60659, 60660, 60661.

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