How Selling Without a Realtor Works In Houston: Commission Tips
If you’ve made it this blog, you’re probably looking to either sell your house or investment property without a realtor in Houston. Perhaps you’re seeking how or why selling without a realtor does work in Houston. You decide if we can help.
Although we do work with realtors and brokers frequently, we feel it’s best to stay away from paying someone else to be the “middle man” of any real estate exchange we’re in. When we debate “why selling without a realtor works in Houston,” we don’t have to prove but just a few points. You’ll come to your conclusion after reading this blog we suspect.
After all, when you get down to it, paying 4-6% of the total real estate transaction in a commission adds up to a lot of money. In certain situations, brokers and real estate agents can be of great service and earn their fee. However, that is not always the case or norm in our niche.
Why Selling Without a Realtor Works In Houston:
Avoid high commissions at all cost (especially yours)!
To begin with here is an insider industry detail that you may want to know.
In nearly all real estate sales in Houston, practically half of the commission you’d pay as the seller will go to pay for the buyer’s broker. Does this mean selling without a realtor works in Houston nearly every time? No, but more often than not it does.
How does that make any sense?
And how is it I should pay anything at all for the agent seated on the other side of the deal table?
Frankly, it’s not logical – however, this is what has been deemed reasonable in the market.
Let’s review how you could use that as leverage in a few ways.
First, consider the commissions paid when you’re looking at the comparable sales. If the properties similar to yours sold for prices that do include fees, remember it and take that into consideration.
Selling without a realtor works in Houston. Be carefully conscious when pricing your property. Be mindful that a smart buyer may figure in assuming a discount too. If you’re doing the work of one agent, you can figure to save that money. To many, this is an important item to call upon when you dig into some of the ways “How selling without a realtor works in Houston” research.
There will be times in Houston, where 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 compensate them. Watch out if you try this, you could be knocked off guard if it comes up later during the final negotiations. Stay on your toes and stand your ground.
You may want to consider negotiating a reduced commission to any buyer’s agents who will bring their clients to show your property. If you’re pricing your property consider including that fee, you can always negotiate a better deal for a purchaser who comes without an agent. Does this seem reasonable?
On the other hand, if you don’t bother to leave much wiggle room for the buyer’s agent’s commission, you’ll be leaving out most potential buyers within the market in Houston. How does that end up benefitting you?
It is a well-known fact over 90% of all real estate transactions occur through the MLS – That’s the Multiple Listing Service. It’s our market areas primary housing database that all the brokers and agents in Houston use to access information for their prospects on the houses, condos, land and investment properties for sale. The MLS is usually how data provided on the sold prices of those sales is accessed by the agent.
When compared to the cost of a local newspaper ad, the MLS is far and away the cheapest avenue to market your property to an exceptionally wide audience.
All the major real estate search sites like Realtor.com, Zillow, Redfin, etc. get data from the MLS. Odds are very good that when you submit any listing in Houston to the MLS, the information on your property will end up on most of the major sites within just a few days.
Those major sites sell ads to promote properties as well. They’ve offer many packages that will up the cost to improve your listing, such as featuring it at the top of the search, and a lot of other extras that may or may not get a potential buyer interested in your property.
Caution – Advertising is a high stakes gamble. Sometimes having an open house in Houston can be a fantastic way to sell a property, and other times they’re just a big waste use of the seller’s time. This is very similar to the newspaper ads, craigslist postings, and catchy signs – where on occasion they work, however, most times, unfortunately, they just don’t.
Why Selling Without a Realtor Works In Houston:
How does effective marketing sell?
Most homeowners quickly find out, placing fliers and signs around your neighborhood can bring about some calls, and there’s also a lot of free websites where you can post information to sell properties. However Moreover, just having up flyers and an open house just doesn’t create enough traffic. Take into account if your house doesn’t appeal that well to the average home buyer. After this you may be wondering inside, do I know how selling without a realtor works In Houston? We hope this helps you come to a definite conclusion.
In theory, real estate agents charge significant commission fees because they have to spend a lot of money up front to advertise your property. By promoting lots of properties at once, they expect to get more calls – and apparently, they’ll make good profits by selling lots of houses.
Some niche real estate properties might require thousands of dollars in additional advertising expenses before the right buyer happens to see the ad and call.
How to avoid paying any commissions: HowW selling without a realtor works in Houston in our system.
We make a CASH offer for houses based on the current condition – and we can close fast (in as little as 8-15 days if you need to).
Frequently when we purchase Houston houses, fix them, then rent them out. Sometimes we’ll fix them up and sell them to other people looking for great homes in the area. Folks, this is why selling without a realtor works in Houston, it comes down to our system and the process of buying. We invite you to make the decision to join us today.
We’re local investors who care tremendously about our Houston neighborhoods. We love what we do and improving our communities.
We can close fast and pay cash in just a few days. Give us a call now at (832) 271-6637 or fill out the short form over here.