Is it plausible to get rid of a Miami property without a realtor?
Glymph Properties will buy your Miami house without charging real estate broker commissions.
Even though we do cooperate with real estate agents, generally we suggest that you steer clear of paying brokers to be in the midst.
I mean really…. who wants to give away 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 your property for your balance, then you’ll need to come out of pocket with the additional 6-9% needed to close. A lot of people , and in our opinion rightfully so, don’t think they should have to pay anything to sell a house. That’s a lot of money… especially if you are in an irregular 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.
There are a number of ways to avoid paying high commissions on a sale.
Before we get going, there’s one thing you have to know.
In most cases in Florida 1/2 of the 6-8% commission you pay as the seller goes to the buyer’s broker.
Did you get that… you are paying for your buyer’s realtor .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 should you pay for the agent on the other side of the table?
Seriously, it contradicts logic – it’s just what is traditionally 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 the comparable sales. If the houses similar to yours sold for prices that included commissions, take that into account.
Be careful, don’t under price your property – be aware that an experienced buyer will probably expect to get a discount too. If you’re doing the work of one realtor, you should expect to keep that money.
Most of the time in Miami , 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 may want to consider offering 2.5% to real estate brokers who will bring their clients to show your property or home. Sure, it’s a lot of money. If you’re pricing your property including that commission, you can always negotiate 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 include it, you are likely to cut your pool of prospective buyers to next to nothing.
Almost all real estate transactions occur through the MLS ( Multiple Listing Service). It is the main database that all the real estate brokers in Miami use to find information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
In the past, you had to pay a full commission to get your property on the MLS. Now in Miami , there are a few agents who will charge you a service charge 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 with the cost of a newspaper ad, the MLS is a cheap way to market your property to the largest audience.
Most of the big real estate web sites like Realtor.com, Zillow, Yahoo Homes, etc. use data from the MLS. Chances are good that when you submit your house in Miami to the MLS, information on your property 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. At times open houses in Miami can be a good way to sell a property, and sometimes they’re a complete waste of time. It’s exactly the same with newspaper ads, craigslist posts, fancy signs – sometimes they work, and quite often they don’t.
To successfully sell your house without any help, you have to market it well.
Placing fliers and signs around your area can generate a handful of calls, and there are a lot of free websites where you can post information. But usually just posting advertisements and hosting an open house is not enough if your property does not appeal to the everyday home purchaser.
In theory, realtors charge considerable commissions because they have to spend a ton of money up front to market your house. 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.
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 home 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 properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Miami properties, 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 Miami .
We’re investors who care a lot about Miami .
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 Miami House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Miami 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
We buy houses in: 33102, 33125, 33126, 33127, 33128, 33129, 33130, 33131, 33132, 33133, 33135, 33136, 33137, 33138, 33142, 33144, 33145, 33149, 33150, 33194.
Are you looking to find other properties to invest in… visit our investor website or give us a call anytime at [cinvestphone] for a Fair Cash Offer
Are you looking for rent to own properties… visit our rent-to-own website or give us a call anytime at [crentphone] for a Fair Cash Offer
Check out our rent-to-own articles to educate renters looking to buy!