If you’re looking to sell your house or investment property in the Tri-State area without using a real estate agent, we can help.
Paying 5-6% of the sale of a property in a commission is a lot of money. In certain situations brokers and real estate agents can be very useful and earn their commission but not always… I know, I worked as an agent for 13 years before starting this company and offering these services! I saw a flaw in JUST being an agent and that’s why we are here today.
How Do I Sell My House Without An Agent in New York, Connecticut, New Jersey?
First, you need to understand that roughly half of the commission you pay as the seller goes to pay for the buyer’s broker.
Doesn’t make much sense, right? Truthfully, it defies logic – it’s just what’s typically done. You can use that to your advantage in a few ways.
First, factor in the commissions paid when you’re looking at the comparable sales. If the properties similar to yours sold for prices that included commissions, take that into account.
Don’t underprice your property – be aware that a savvy buyer may expect to take a discount too. If you’re doing the work of one agent, you can expect to save that money.
Sometimes buyers who aren’t represented by an agent won’t remember to negotiate the buyer’s side commission out of the price for themselves, so don’t remind them if you don’t 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 buyer’s agents who will bring their clients to show your property. Sure, it’s a lot of money. If you’re pricing your property including that commission, you can always negotiate a better deal for a purchaser who comes without an agent.
On the other hand, if you don’t leave room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in the Tri-State area.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in New York use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Advertising is a gamble. Sometimes open houses can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.
To effectively sell your property on your own, you have to market it well.
Putting up fliers and signs around your neighborhood can generate some calls, and there’s a lot of free websites where you can post information. But often just putting up flyers and an open house isn’t enough if your house doesn’t appeal to the average home buyer.
In theory, real estate agents charge big commissions because they have to spend a lot of money up front to advertise your property. By advertising lots of properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of houses.
Certain properties might 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 fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we purchase Tri-State 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 anywhere in the Tri-State area!
We’re investors who care. We close fast and pay cash in as little as just 3-5 days. Give us a call now at 917-933-8803 or fill out the short form over here.