Searching to sell a Buffalo property without the need of a broker?
If you are planning to get rid of your home or investment property in Buffalo without using an agent, Glymph Properties can help.
In order to help you accomplish your end goal of selling your house, we will work with a realtor to get the job done for you.
After all, paying 5-6% of the sale of a property in a commission is a ton 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.
Before we get going, there’s one basic real estate custom you have to know about.
In most house sales in Buffalo , approximately 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 .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 lower the sales price of your property.
Why should you pay for the agent on the other side of the table?
Seriously, it goes against reason – it’s just what is traditionally done in most cases.
You can use that to your advantage in a number of ways.
First, take into account the commissions paid when you happen to be 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 property or home – be aware that an experienced buyer will probably expect to have a discount too. If you are doing the work of one realtor, you could expect to save that money.
Most of the time in Buffalo , buyers who aren’t represented by an 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 may choose to consider offering 2.5% to have real estate brokers bring their clients to walk your property or home. Of course, it is 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 almost nothing.
90 % of transactions occur through the MLS – that is the Multiple Listing Service. It’s the main database that all the real estate brokers in Buffalo use to find information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Once upon a time, you had to pay a full commission to get your house on the MLS. Now in Buffalo , there are a few real estate agents who will charge you a service charge just to list your property on the MLS. Generally, 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 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 high that when you submit your house in Buffalo to the MLS, information on your property or home 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 property.
Advertising can be a gamble. At times open houses in Buffalo can be a good way to sell a house, and sometimes they are a 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 efficiently sell your house without any help, you have to advertise it well.
Taping fliers and signs around your local community can generate a number of calls, and there’s a lot of free web sites where you can post information. But usually just posting flyers and having an open house isn’t nearly enough if your house does not appeal to the everyday home shopper.
In theory, real estate agents charge considerable commissions because they have to spend a ton of money up front to market your property. 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 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 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.
We give fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Buffalo 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 Buffalo .
We’re investors who care a lot about Buffalo .
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 Buffalo House Fast – We Buy Houses…Get A Cash Offer Today
We’re happy to help you find answers to your toughest questions about your Buffalo real estate, so please feel free to call us at 888-509-6267 Ext 4 and chat with us anytime.
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