I really, really don’t want to pay a realtor… Can I still get rid of our Winston property?
If you’re wishing to sell your home or investment property in Winston without using a broker, Glymph Properties can help.
Though we do cooperate with real estate agents, generally it is best to refrain from paying anyone to be in the middle.
After all, paying 5-6% of the sale of a house in a commission is a great deal of money. In certain situations, brokers and real estate agents can be very useful and earn their commission. Not always.
There are a few ways to avoid paying high commissions on a sale.
Before we get going, there’s one thing you have to know.
In most cases in North Carolina half of the 6-8% commission you pay as the seller goes directly to the buyer’s realtor.
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 lower the sales price of your property.
How in the world does it make sense for you to do that?
Seriously, it defies reason – it is just what’s traditionally done.
You can use that to your advantage in a number of ways.
First, remember to consider the commissions paid when you’re 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 property or home – be aware that an experienced buyer will probably expect to get a discount too. If you are doing the work of one realtor, you could expect to keep that money.
Most of the time in Winston, buyers who aren’t represented by an agent won’t 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 have real estate professionals bring their clients to see your property or home. Sure, it’s 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.
Conversely, if you don’t leave room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in Winston.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It is the main database that all the real estate brokers in Winston 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 or home on the MLS. Now in Winston, there are a few brokers who will charge you a flat fee 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 with the cost of a newspaper ad, the MLS is a cheap way 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 high that when you submit your property in Winston 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.
Advertising and marketing can be a gamble. At times open houses in Winston can be a good way to sell a property, and sometimes they are a waste of time. Same with newspaper ads, craigslist posts, fancy signs – sometimes they work, and quite often they don’t.
To effectively sell your property without any help, you have to market it well.
Placing fliers and signs around your community can generate a few calls, and there’s a lot of free web sites where you can post information. But usually just posting flyers and hosting an open house isn’t nearly enough if your property doesn’t appeal to the everyday home shopper.
In theory, real estate agents charge considerable commissions because they have to spend a ton of money up front to market your home. By promoting lots of properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of properties.
Certain properties may require thousands of dollars in marketing expenses before the right buyer happens to see the ad and call.
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 properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll buy Winston 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 Winston.
We’re investors who care a lot about Winston.
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 Winston House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Winston real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
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