I really don’t want to pay a real estate professional… Is it still feasible to sell my Philadelphia property?
If you happen to be needing to sell a property or investment property in Philadelphia without using a realtor, Glymph Properties can help.
Our primary goal is to get you the most money possible so we prefer not to work with brokers, but we will if it’s required.
After all, paying 5-6% of the sale of a house in a commission is a whole 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 bothersome realtor commissions.
Before we get going, there’s one basic real estate norm you have to know about.
In most house sales in Philadelphia , approximately half of the 6-8% commission you pay as the seller goes to pay for the buyer’s broker.
Think about it…. how much sense does that make?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 lose money.
How in the world does it make sense for you to do that?
In all honesty, it goes against logic – it’s just what is normally done.
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 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’re doing the work of one realtor, you should expect to keep that money.
In many instances in Philadelphia , buyers who aren’t 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 choose to consider offering 2.5% to real estate brokers who will bring their clients to see your property or home. Sure, it’s a lot of money. If you are pricing your property including that commission, you can always hammer out a far better deal for a purchaser who comes without a realtor.
On the contrary, if you do not leave room for the buyer’s agent’s commission, will be excluding most of the buyers in the market in Philadelphia .
90 % of transactions occur through the MLS – that is the Multiple Listing Service. It is the main database that all the real estate agents in Philadelphia 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 Philadelphia , 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 bucks and you only pay a commission if you sale your property.
Compared with the cost of a newspaper ad, the MLS is one of the cheapest ways 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 Philadelphia 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’ve got 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 Philadelphia can be a excellent way to sell a property, and from time to time they’re a complete waste of time. It’s exactly the same with newspaper ads, craigslist postings, 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 isn’t nearly enough if your house doesn’t 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 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 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 Philadelphia houses, fix them up, 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 Philadelphia .
We’re investors who care a lot about Philadelphia .
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 Philadelphia House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Philadelphia real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
We are interested in buying properties within 50 miles of the following zip codes: 19019, 19102, 19103, 19104, 19106, 19107, 19111, 19114, 19115, 19116, 19118, 19119, 19120, 19121, 19122, 19123, 19124, 19125, 19126, 19127, 19128, 19129, 19130, 19131, 19132, 19133, 19134, 19135, 19136, 19137, 19138, 19139, 19140, 19141, 19142, 19143, 19144, 19145, 19146, 19147, 19148, 19149, 19150, 19151, 19152, 19153, 19154.
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