Are you asking yourself “How Do I Sell My House Without An Agent Locally?” … read thorugh this blog to get more ideas.
If you’re planning to sell your house or investment property without an agent, you have to know that there are some cases that working with a broker or real estate agent can be helpful, but that doesn’t happen all the time! It is very wise to avoid paying someone to be in the middle of the sale. If you’re someone who is looking to save atleast 5%-6% on property commissions — then selling for cash is your best bet. And Candid Property Solutions is your number one option for that.
There are a few tricks that you can do to avoid paying high commissions. But you need to be aware first that roughly half of the commision you pay as the seller goes to pay for the buyer’s broker.
Shocking? It doesn’t make any sense right? I mean, why would you pay for the agent on the other side of the deal? It defies logic, but that’s just how things are done.
You can use that to your advantage in a few ways, though.
Take into account if the properties similar to yours were sold for prices that include commissions. That’s the first factor in the commissions paid when you’re looking at comparable sales.
Don’t underprice your property – be aware that an expert buyer may demand to take a discount too. If you’re doing the work of one agent, you can expect to save that money.
There are some instances that buyers who aren’t represented by an agent forgets to negotiate the buyer’s side commission out of the price for themselves, no need to remind them if you really don’t want to pay them! But still, do not be surprised if it is mentioned during the discussion.
Consider offering 2.5% to buyer’s agents that will brings in clients to show your property. I know its a huge amount of money but if you’re pricing your property including that commission, you can always negotiate a better deal for a purchaser who comes without an agent.
Over 90% of transactions happen through the MLS – MLS is the Multiple Listing Service. It’s the main database that all the brokers use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Before, you had to pay a full commission to get your property on the MLS. Now, there are a few brokers who will charge you a fee just to list your property on the MLS. Oftentimes, you spend a few hundred bucks and you only pay a commission if the sale closes.
MLS is a cheaper way to advertise your property to a very wide audience as compared to marketing it through newspaper ads.
The chances are good that when you submit your listing into MLS, information on your property will end up on most of the major sites within a few days. It is because major real estate search sites like Zillow, Yahoo Homes, and Realtor.com get data on MLS.
These sites sell ads. They have packages that you can pay to 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 is a risk. Sometimes open houses can be a great way to sell a property, and sometimes it’ a waste of time. Same with newspaper ads, craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.
You have to market your property well in order for you to effectively sell it on your own!
There are a few things you can do to achieve this. You can put up fliers, generate some calls or a free website where you can post information. But oftentimes, these things aren’t enough if your house doesn’t really appeal to home buyers.
Real Estate Agents charge big commissions mainly because they have to spend money upfront in order for them to advertise your property. Because advertising for them means getting more phone calls – and obviously, they’ll make more money by selling lots of houses.
A number of properties can 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 properties nationwide – and we can close fast (in as little as 3-5 days if you need to).
We purchase houses, 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 any properties nationwide!