I really don’t want to pay a real estate professional… Can I still sell my Oakland home?
We could certainly help if you really need to sell your residence or investment property in Oakland without a broker.
In order to help you fulfill your end goal of getting rid of your house, we will work with a realtor to get the job done for you.
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 a property for what you owe, then you need to write a check for the additional 6-9% needed to close. A lot of folks are not able to afford the costs of selling a property or home. That’s a lot of money… especially if you are in an abnormal 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 irritating realtor commissions.
Before we get going, there’s one thing you have to know.
In most cases in California half of the 6-8% commission you pay as the seller goes directly to the buyer’s agent.
Think about it…. how does that make sense?Give it a second- let it really sink in, you are literally paying for the buyer’s agent to negotiate against you. Simply, you are negotiating against yourself. You are paying to lose cash.
Why in the world would you pay for your “opponent” ?
Seriously, it contradicts reason – it’s just what is traditionally done in most cases.
Here are a few ways you can use that to your advantage.
First, factor in the commissions paid when you are looking at the comparable sales. If the properties similar to yours sold for prices that included commissions, take that into account.
Be careful, don’t under price your house – be aware that an experienced buyer will probably expect to get a discount too. If you are doing the work of one realtor, you should expect to keep that money.
Most of the time in Oakland , 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 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 might want to consider offering 2.5% to have real estate agents bring their clients to check out your house. Of course, it’s a lot of money. If you are pricing your house including that commission, you can always work out a more advantageous deal for a purchaser who comes without an agent.
Now, if you really don’t like the idea of paying for a buyer’s agent and decide not to offer to pay it, you are likely to cut your pool of prospective buyers to next to nothing.
90 % of transactions take place through the MLS – that’s the Multiple Listing Service. It’s the main database that all the real estate brokers in Oakland use to find information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Not so long ago, you had to pay a full commission to get your house on the MLS. Now in Oakland , there are a few brokers who will charge you a flat fee just to list your property on the MLS. Generally, 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 house to the largest audience.
Most of the big real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. use data from the MLS. Chances are really good that when you submit your listing in Oakland to the MLS, information on your house will end up on most of the major online websites within days.
Each of these sites sells ads. They have packages that let you pay to greatly enhance 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.
Marketing can be a gamble. Sometimes open houses in Oakland can be a good way to sell a property, and many times they’re a complete waste of time. Same with newspaper ads, craigslist postings, Fancy For Sale By Owner signs – sometimes they work, and quite often they don’t.
To successfully sell your property without any help, you have to market it well.
Putting fliers and signs around your community can generate a number of calls, and there are a lot of free web-sites where you can post information. But usually just posting advertisements and having an open house isn’t nearly enough if your property does not appeal to the everyday home shopper.
In theory, realtors charge considerable commissions because they have to spend a ton of money up front to promote 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.
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 commissions, you can also sell your house to investors like us for CASH.
Glymph Properties offers fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase 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 .
We’re investors who 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
We’re happy to help you find answers to your toughest questions about your Oakland real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
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