I really don’t want to use a realtor… Is it still possible to sell my own Memphis house?

I really don’t want to use a realtor… Is it still possible to sell my own Memphis house?

 I really don't want to use a realtor... Is it still possible to sell my own Memphis house?  - house

 I really don't want to use a realtor... Is it still possible to sell my own Memphis house?

If you are attempting to get rid of your property or investment property in Memphis without using a broker, Glymph Properties can help.

In order to help you accomplish your target of selling your property, Glymph Properties will work with anyone to get the job done for you.

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 to avoiding those pesky realtor commissions.

First, there’s a tricky custom that you have to know about.

 

In most cases in Tennessee half of the 6-8% commission you pay as the seller goes to the buyer’s agent.

 

Doesn’t make much sense, right?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 property.

 

Why in the world should you pay for your “opponent” ?

In all honesty, it goes against logic – it is just what is normally done in most cases.

You can use that to your advantage in a few ways.

 

First, factor in the commissions paid when you happen to be looking at local comparable sales. If the houses similar 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 agent, you should expect to keep that money.

In many instances in Memphis , 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 do not remind them if you don’t 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 brokers bring their clients to check out your property or home. Of course, it is a lot of money. If you’re pricing your property including that commission, you can always hammer out a far better deal for a purchaser who comes without a realtor.

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’ll cut your pool of prospective buyers to almost nothing.

90 % of transactions happen through the MLS , the Multiple Listing Service. It’s the main database that all the real estate agents in Memphis 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 Memphis , 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 commission if the sale closes.

Compared with the cost of a newspaper ad, the MLS is a cheap way to market your property or home to the largest 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 Memphis to the MLS, information on your property or home will end up on most of the major web sites within several days.

 

Each of these 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 house.

 

Advertising and marketing could be a gamble. At times open houses in Memphis can be a excellent way to sell a property, and from time to time they’re a complete waste of time. 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 posting advertisements and having an open house isn’t nearly enough if your property 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 properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of properties.

Certain properties might possibly require thousands of dollars in advertising 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 offer fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).

Sometimes we’ll purchase Memphis properties, 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 Memphis .

 

We’re investors who care a lot about Memphis .

 

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 Memphis House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about your Memphis 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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Free seller resources!
www.gpbuyshomes.com/blog

We buy properties near: 37501, 38016, 38018, 38103, 38104, 38105, 38106, 38107, 38108, 38109, 38111, 38112, 38114, 38115, 38116, 38117, 38118, 38119, 38120, 38122, 38125, 38126, 38127, 38128, 38134, 38141.

 

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