Searching to get rid of my New York City residence without having an agent?
We can easily help if you really have to get rid of a residence or investment property in New York City without a real estate agent.
Glymph Properties aims to get you the most money possible so we prefer not to work with realtors, but we will if it’s required.
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 and science to avoiding those annoying realtor commissions.
First, there’s a tricky custom that you have to hear about.
In most real estate transactions in New York City , roughly 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 .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 lower the sales price of your house.
Why should you pay for the agent on the other side of the table?
In all honesty, it goes against reason – it’s just what is normally done in most cases.
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.
Never under value your property or home – be aware that an informed buyer could possibly expect to have a discount too. If you are doing the work of one agent, you should expect to save that money.
In many instances in New York City , buyers who aren’t represented by a buyers agent won’t remember to negotiate the buyer’s side commission out of the price for themselves, so do not 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 have real estate agents bring their clients to walk your property or home. Of course, 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.
Conversely, if you do not leave room for the buyer’s realtor’s commission, will be excluding most of the buyers in the market in New York City .
– that’s of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the real estate agents in New York City 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 New York City , 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 commission if the sale closes.
Compared to 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 New York City 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 have 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 New York City can be a excellent way to sell a property, and from time to time they’re a waste of time. It’s exactly the 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 market it well.
Positioning fliers and signs around your area can generate a number of calls, and there’s a lot of free web-sites where you can post information. But generally just putting up advertisements and having an open house is not enough if your property does not 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 houses at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of properties.
Some properties may possibly 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 present fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll buy New York City 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 New York City .
Glymph Properties invests because we care a lot about New York City .
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 New York City House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your New York City 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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