Intending to sell a Wichita residence without having a broker?
Looking to avoid realtor commissions and still sell a Wichita house…. Glymph Properties can help!
We aim to get you the most money possible so we prefer not to work with agents, but we will if need be.
After all, paying 5-6% of the sale of a house in a commission is a lot 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 bothersome realtor commissions.
Before we get going, there’s one basic real estate norm you have to know about.
In most cases in Kansas half of the 6-8% commission you pay as the seller goes to the buyer’s broker.
Think about it…. how much sense does that make?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 cash.
Why in the world should you pay for your “opponent” ?
In truth, it contradicts logic – it is just what is commonly done.
Here are a few ways you can use that to your advantage.
First, factor in the commissions paid when you happen to be looking at the comparable sales. If the houses comparable to yours sold for prices that included commissions, take that into account.
Please don’t under value your property – be aware that an intelligent buyer might possibly expect to receive a discount too. If you are doing the work of one realtor, you can expect to keep that money.
Many times in Wichita , buyers who are not 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 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 buyer’s agents who will bring their clients to see your house. Of course, it’s a lot of money. If you are pricing your house including that commission, you can always give a more beneficial deal for a purchaser who comes without a broker.
Conversely, if you don’t leave room for the buyer’s realtor’s commission, you’ll be excluding most of the buyers in the market in Wichita .
– that’s of transactions happen through the MLS , the Multiple Listing Service. It’s the main database that all the real estate brokers in Wichita 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 property on the MLS. Now in Wichita , there are a few real estate brokers who will charge you a service charge just to list your property on the MLS. Typically, you spend a few hundred bucks and you only pay a commission if the sale closes.
Compared with the cost of a newspaper ad, the MLS is a cheap way to market your home to the largest audience.
Many of the important real estate web sites like Realtor.com, Zillow, Yahoo Homes, etc. receive data from the MLS. Chances are high that when you submit your property in Wichita to the MLS, information on your property or home 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.
Marketing is really a gamble. Sometimes open houses in Wichita can be a wonderful way to sell a house, and many times they are a waste of time. It is the same with newspaper ads, craigslist posts, Fancy For Sale By Owner signs – from time to time they work, and oftentimes they don’t.
To efficiently sell your home 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 flyers and hosting an open house isn’t nearly enough if your house does not appeal to the standard home buyer.
In theory, real estate brokers charge sizeable commissions because they have to spend a good deal of money up front to publicize your house. By marketing lots of houses at once, they expect to get more calls – and obviously, they’ll make good profits by selling lots of houses.
Some properties might 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.
We offer fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll buy Wichita 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 Wichita .
Glymph Properties invests because we care a lot about Wichita .
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 Wichita House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Wichita 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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