Is it plausible to sell your Lexington home without a broker?
Looking to avoid real estate agent commissions and still sell a Lexington house…. Glymph Properties can help!
In order to help you perform your target of selling your house, we will work with any realtor to get the job done for you.
After all, paying 5-6% of the sale of a house in a commission is a whole 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 sales in Lexington, ordinarily half of the 6-8% commission you pay as the seller goes to pay for the buyer’s broker.
Did you get that… you are paying for your buyer’s realtor .Mull it over, you are literally paying for the buyer’s agent to negotiate against you. In essence, you are negotiating against yourself. You are paying to lose cash.
Why in the world would you pay for your “opponent” ?
In all honesty, it goes against reason – it’s just what’s normally done.
You can use that to your benefit in several ways.
First, remember to consider 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.
Never under price your property or home – be aware that an informed buyer could possibly expect to have a discount too. If you’re doing the work of one realtor, you should expect to save that money.
In many instances in Lexington, 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 choose to consider offering 2.5% to realtors who will 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 hammer out a far better deal for a purchaser who comes without a realtor.
On the other hand, if you do not leave room for the buyer’s agent’s commission, will be excluding most of the buyers in the market in Lexington.
– that is of transactions take place through the MLS , the Multiple Listing Service. It is the main database that all the real estate agents in Lexington use to obtain information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
At one time, you had to pay a full commission to get your property or home on the MLS. Now in Lexington, there are a few real estate agents who will charge you a flat fee just to list your property on the MLS. Usually, you spend a few hundred dollars 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 property or home to a very wide audience.
Each of the key real estate web sites like Realtor.com, Zillow, Yahoo Homes, etc. acquire data from the MLS. Chances are really good that when you submit your house in Lexington to the MLS, information on your property or home will end up on most of the major web sites within several days.
Each of those sites sells ads. They’ve got packages that let you pay to boost 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 could be a gamble. At times open houses in Lexington can be a excellent way to sell a property, and from time to time they’re a waste of time. Same with newspaper ads, craigslist posts, Fancy For Sale By Owner signs – occasionally they work, and many times they don’t.
To efficiently sell your home all on your own, you have to advertise it well.
Positioning fliers and signs around your area can generate a number of calls, and there are a lot of free web-sites where you can post information. But generally just posting advertisements and having an open house is not enough if your property doesn’t appeal to the ordinary home shopper.
In theory, real estate professionals charge significant commissions because they have to spend a whole lot of money up front to market your home. By promoting lots of properties at once, they expect to get more calls – and obviously, they’ll make good profits by selling lots of houses.
Some properties may well require thousands of dollars in advertising expenses before the right buyer happens to see the ad and call.
If you want to avoid paying any kind of commissions, you can also sell your house to investors like us for CASH.
We offer fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Lexington 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 Lexington.
Glymph Properties invests because we care a lot about Lexington.
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 Lexington House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Lexington 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
We are interested in purchasing properties near: 40502, 40503, 40504, 40505, 40507, 40508, 40509, 40510, 40511, 40513, 40514, 40515, 40516, 40517.
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