I really do not want to use a real estate broker… Is it still doable to sell a St. Petersburg house?
If you’re wishing to sell your own house or investment property in St. Petersburg without using a real estate broker, we can help.
Eventhough we do cooperate with agents, many times it is best to keep away from paying an individual to be in the middle.
After all, paying 5-6% of the sale of a house in a commission is a good deal of money. In certain situations, brokers and real estate agents can be very useful and earn their commission. Not always.
The art to avoiding those annoying realtor commissions.
First, there’s a tricky custom that you’ve gotta hear about.
In most house sales in St. Petersburg , approximately half of the 6-8% commission you pay as the seller goes to pay for the buyer’s broker.
Think about it…. how does that make sense?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 lower the sales price of your property.
Why in the world should you pay for your “opponent” ?
Seriously, it goes against logic – it’s just what is traditionally done.
You can use that to your advantage in several ways.
First, factor in 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 price your property – be aware that an experienced buyer will probably expect to take a discount too. If you’re doing the work of one agent, you should expect to save that money.
Most of the time in St. Petersburg , buyers who are not represented by an agent won’t 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 might want to consider offering 2.5% to buyer’s agents who will bring their clients to show your property. Of course, it is a lot of money. If you are pricing your house including that commission, you can always work out a more advantageous deal for a purchaser who comes without a realtor.
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 are going to cut your pool of prospective buyers to next to nothing.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It’s the main database that all the agents in St. Petersburg use to find information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Once upon a time, you had to pay a full commission to get your property on the MLS. Now in St. Petersburg , there are a few brokers 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 the sale closes.
Compared to the cost of a newspaper ad, the MLS is one of the cheapest ways to market your house 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 property in St. Petersburg to the MLS, information on your property or home 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.
Marketing can be a gamble. Sometimes open houses in St. Petersburg can be a good way to sell a property, and sometimes they’re a complete waste of time. Same with newspaper ads, craigslist postings, Fancy For Sale By Owner signs – occasionally they work, and quite often they don’t.
To successfully sell your home without any help, you have to market it well.
Putting fliers and signs around your local community can generate a few calls, and there’s a lot of free web sites where you can post information. But usually just posting advertisements and having an open house is not enough if your property doesn’t appeal to the everyday home shopper.
In theory, realtors charge considerable commissions because they have to spend a ton of money up front to market your home. By promoting lots of houses at once, they expect to get more 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 houses – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll buy St. Petersburg 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 St. Petersburg .
Glymph Properties invests because we care a lot about St. Petersburg .
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 St. Petersburg House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your St. Petersburg real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
We buy houses in: 33701, 33702, 33703, 33704, 33705, 33710, 33711, 33712, 33713, 33716.
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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