Intending to sell my Lexington home without having a broker?
We will definitely buy your Lexington home without charging broker commissions.
Eventhough we do cooperate with agents, in many instances it is best to keep clear of paying brokers to be in the middle.
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 accomplish your goal of selling the property for what you owe, then you’ll need to come out of pocket with the additional 6-9% needed to close. Many people , and in our opinion rightfully so, don’t think they should have to pay anything to sell their property or home. That is definitely a ton 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 annoying realtor commissions.
Before we get going, there’s one basic real estate norm you have to know about.
In most real estate transactions in Lexington, 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 .Think it over, you are literally paying for the buyer’s agent to negotiate against you. Essentially, you are negotiating against yourself. You are paying to lower the sales price of your house.
Why in the world should you pay for your “opponent” ?
Honestly, it contradicts reason – it is just what is usually done in most cases.
You can use that to your benefit in a few ways.
First, factor in the commissions paid when you are looking at local comparable sales. If the houses comparable to yours sold for prices that included commissions, take that into account.
Do not under value your house – be aware that a knowledgeable buyer may possibly expect to get a discount too. If you are doing the work of one realtor, you could expect to keep that money.
Generally in Lexington, 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 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 professionals bring their clients to check out your house. Of course, it is a lot of money. If you are pricing your house including that commission, you can always work out a much better deal for a purchaser who comes without a real estate 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 can expect to cut your pool of prospective buyers to just about nothing.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It is the main database that all the agents in Lexington use to get 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 Lexington, there are a few agents who will charge you a service charge just to list your property on the MLS. Frequently, you spend a few hundred dollars and you only pay a commission if you sale your house.
Compared with the cost of a newspaper ad, the MLS is one of the cheapest ways to market your house to the largest audience.
Every one of the significant real estate websites like Realtor.com, Zillow, Yahoo Homes, etc. obtain data from the MLS. Chances are good that when you submit your property in Lexington to the MLS, information on your house will end up on most of the major websites within a couple of days.
Each of these sites sells ads. They have packages that let you pay to improve 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 may be a gamble. Occasionally open houses in Lexington can be a fantastic way to sell a house, and at times they are a complete waste of time. Same with newspaper ads, craigslist posts, FSBO (For Sale By Owner) signs – from time to time they work, and at times they don’t.
To successfully sell your house by yourself, you have to advertise it well.
Placing fliers and signs around your community can generate a few calls, and there are a lot of free web sites where you can post information. But frequently just posting ads and hosting an open house is not enough if your property does not appeal to the typical home purchaser.
In theory, realtors charge large commissions because they have to spend a great deal of money up front to promote your house. 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 properties 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 fair prices for houses – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll buy Lexington properties, 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 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
We’re happy to help you find answers to your toughest questions about your Lexington real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
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