Is it possible to sell my Oakland home without a real estate broker?
We could buy your Oakland house without charging broker commissions.
We aim to get you the most money possible so we prefer not to work with realtors, but we will if need be.
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 accomplish your goal of selling a house for what is left on the mortgage, then you need to write a check for the additional 6-9% needed to close. A lot of folks can’t afford to pay to get rid of their property or home. That’s definitely a ton of money… especially if you are in an unusual 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.
There are several tricks to avoid paying high commissions on a sale.
First, there’s an irritating custom that you have to know about.
In most cases in California 1/2 of the 6-8% commission you pay as the seller goes directly to the buyer’s real estate broker.
Doesn’t make much sense, right?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 lower the sales price of your property.
How in the world does it make sense for you to do that?
In truth, it contradicts logic – it’s just what’s commonly done.
You can use that to your benefit in several ways.
First, take into account the commissions paid when you happen to be looking at local comparable sales. If the houses comparable to yours sold for prices that included commissions, take that into account.
Please don’t under price your property – be aware that an intelligent buyer might possibly expect to receive a discount too. If you’re doing the work of one realtor, you should expect to keep that money.
Many times in Oakland , 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 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 realtors who will bring their clients to see your property or home. 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 pay it, you will cut your pool of prospective buyers to next to 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 Oakland 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 or home on the MLS. Now in Oakland , 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 you sale your house.
Compared to the cost of a newspaper ad, the MLS is one of the cheapest ways 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 house in Oakland to the MLS, information on your house 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 property.
Advertising is really a gamble. Occasionally open houses in Oakland can be a wonderful way to sell a house, and many times they are a waste of time. It’s exactly the same with newspaper ads, craigslist posts, fancy signs – sometimes they work, and oftentimes they don’t.
To efficiently sell your house all by yourself, you have to advertise it well.
Taping fliers and signs around your local community can generate a handful of calls, and there’s a lot of free web-sites where you can post information. But typically just putting up ads and having an open house isn’t nearly enough if your property doesn’t 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 property. By marketing lots of properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of houses.
Selling houses 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 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 Oakland houses, renovate them, then lease them… 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 Oakland .
Glymph Properties invests because we care a lot about Oakland .
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 Oakland House Fast – We Buy Houses…Get A Cash Offer Today
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