Is it possible to sell my Honolulu house without a broker?

Is it possible to sell my Honolulu house without a broker?

 Is it possible to sell my Honolulu house without a broker?

Needing to avoid real estate broker commissions and still sell that Honolulu house…. Glymph Properties can help!

Though we do cooperate with agents, generally it’s best to steer clear of paying an individual to be in the midst.

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 the house for what is left on the mortgage, then you will need to come out of pocket with the additional 6-9% needed to close. A lot of people , and in our opinion rightfully so, don’t think they should have to pay anything to sell a house. That is definitely a lot of money… especially if you are in an irregular 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.

The art and science to avoiding those annoying realtor commissions.

Before we get going, there’s one basic real estate norm you have to know about.

 

In most cases in Hawaii half of the 6-8% commission you pay as the seller goes directly to the buyer’s real estate professional.

Think about it…. how does that make sense?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 money.

 

Why in the world should you pay for your “opponent” ?

In truth, it contradicts logic – it’s just what is commonly done in most cases.

 

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

First, take into account 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.

Please don’t under value your property or home – be aware that an intelligent buyer might possibly expect to receive a discount too. If you’re doing the work of one agent, you should expect to keep that money.

Many times in Honolulu , 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 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 realtors who will bring their clients to show your house. Sure, it is a lot of money. If you’re pricing your house including that commission, you can always give a more beneficial deal for a purchaser who comes without a broker.

 

Now, if you really don’t like the idea of paying the buyer’s agent fee and decide not to offer to include it, you’ll cut your pool of prospective buyers to virtually nothing.

Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It is the main database that all the real estate brokers in Honolulu 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 house on the MLS. Now in Honolulu , there are a few real estate brokers who will charge you a fee just to list your property on the MLS. Typically, you spend a few hundred bucks and you only pay commission if you sale your property.

 

Compared to 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 search sites like Realtor.com, Zillow, Yahoo Homes, etc. receive data from the MLS. Chances are high that when you submit your listing in Honolulu to the MLS, information on your property will end up on most of the major internet sites within two or three days.

 

Each of those sites sells ads. They’ve got 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.

 

Advertising and marketing is really a gamble. Occasionally open houses in Honolulu can be a wonderful way to sell a house, and many times they are a complete waste of time. Same with newspaper ads, craigslist posts, Fancy For Sale By Owner signs – occasionally they work, and oftentimes they don’t.

To effectively 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 web-sites where you can post information. But typically just putting up flyers and hosting an open house is not enough if your house does not appeal to the standard home shopper.

 

In theory, real estate brokers charge sizeable commissions because they have to spend a good deal of money up front to publicize your home. By marketing lots of houses at once, they expect to get more calls – and obviously, they’ll make good profits by selling lots of properties.

 

Some properties might 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 give fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).

 

Sometimes we’ll purchase Honolulu 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 Honolulu .

We’re investors who care a lot about Honolulu .

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

 

We’re happy to help you find answers to your toughest questions about your Honolulu 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
Visit our website See how it works

Check out our articles to educate sellers!

www.gpbuyshomes.com/blog

We are interested in buying properties in: �96822.

 

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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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Are you looking for rent to own properties… visit our rent-to-own website or give us a call anytime at [crentphone] for a Fair Cash Offer

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