Is it straightforward to get rid of a Lexington home without a real estate professional?
If you’re wishing to sell any home or investment property in Lexington without using an agent, Glymph Properties can help.
In order to help you perform your target of selling your property, we will work with a real estate broker to get the job done for you.
I mean really…. who wants to give up 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 you owe, then you’ll need to write a check for the additional 6-9% needed to close. Some people won’t be able to afford the costs of getting rid of their house. That is definitely a lot 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 a number of tricks to avoid paying high commissions on your sale.
First, there is an irritating custom that you’ve gotta know about.
In most real estate transactions in Lexington, approximately half of the 6-8% commission you pay as the seller goes to pay for the buyer’s broker.
Did that little tid-bit register… you are paying for your buyer’s realtor .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 house.
Why in the world would you pay for your “opponent” ?
In truth, it defies 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 local comparable sales. If the properties similar to yours sold for prices that included commissions, take that into account.
Please don’t under price your house – be aware that an intelligent buyer might possibly expect to receive a discount too. If you’re doing the work of one realtor, you could expect to keep that money.
Many times in Lexington, buyers who are not represented by a buyers 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 brokers bring their clients to walk your property or home. Sure, 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.
Now, if you really don’t like the idea of paying for a buyer’s agent and decide not to offer to include it, you are going to cut your pool of prospective buyers to next to nothing.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It’s the main database that all the real estate brokers in Lexington 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 Lexington, 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 dollars and you only pay a commission if the sale closes.
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 web sites like Realtor.com, Zillow, Yahoo Homes, etc. receive data from the MLS. Chances are high that when you submit your property in Lexington to the MLS, information on your property will end up on most of the major internet sites within two or three days.
Each of these 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.
Marketing is really a gamble. At times open houses in Lexington can be a wonderful way to sell a house, and many times they are a complete waste of time. It’s the same with newspaper ads, craigslist postings, FSBO (For Sale By Owner) signs – sometimes they work, and oftentimes they don’t.
To successfully sell your property 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 ads and having an open house is not enough if your property doesn’t appeal to the standard home purchaser.
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 advertising lots of houses at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of properties.
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.
Glymph Properties offers you 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 houses, 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
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