If you’re looking to sell your house or investment property in College Station without using a real estate agent, we can help.
Working with brokers can be advantageous, but sometimes you may want to keep your money, rather than paying someone to act as a middle man for you.
As useful as TX brokers and real estate agents can be in selling your home, it’s still possible to do without them. After all, paying a commission of about 5-6% of the sale of a property to realtors isn’t easy and is very costly.
There’s a few ways to avoid paying high commissions in your TX sale.
Before anything else, there’s a tricky custom that you need to know about.
In most sales in College Station, the broker isn’t left out when you’re paying commission. The broker receives about half of the total percentage.
Doesn’t make much sense, right?
Why should you pay commission to both your agent and that of your buyer?
It doesn’t seem fair – but that’s the way it’s 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 well-informed 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 in College Station, buyers who act as their own broker may not remember to remove the buyer’s commission out of what they are meant to pay. If you are not interested in paying them, don’t bring it up. Nevertheless, you should keep in mind that some buyers won’t forget, so don’t be surprised if it ever comes up during a negotiation.
Buyers in the College Station market are usually represented by an agent, so it is advisable that you leave room for the agent’s commission, rather than taking time to find buyers who are their own brokers.
You may want to consider offering 2.5% to agents who will bring their clients as prospective buyers of your property. It’s a huge sum, but it’s easier to include their commission in your pricing. You can always negotiate a better deal for buyers who represent themselves.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database used by all brokers in College Station to gather information on houses, condos, land, and investment properties for sale, along with data on sold prices.
Back in the day, clients had to pay a full commission to get their properties listed on the MLS to increase their chances of a fast sale. However, in recent times, some brokers in College Station will only charge you a fee to list your property on the MLS. You will often pay a few hundred bucks, and only pay the agent’s commission if they make the sale.
MLS is preferred over newspaper ads, in the sense that you’ll be marketing to a wider range of potential buyers, and at a much cheaper price.
Another major advantage of submitting your listing in College Station to the MLS is that the information on your property will likely end up on most of the major real estate search sites, such as Realtor.com, Zillow, Yahoo Homes, etc. All of these major sites typically get their data from the MLS.
Each of those sites sells ads. They have packages that allow you to pay to enhance your listing in various ways, which may or may not get an interested buyer to purchase the property.
Advertising is a gamble. Life is all about taking risk. You should keep in mind that even after investing in newspaper ads, craigslist postings, and fancy signs to advertise your property, it could be profitable or a total waste of time. The same thing goes for open houses in College Station TX. Sometimes they work– sometimes they don’t.
To effectively sell your property on your own, you have to market it well.
Apart from posting your information on free online websites, which can be helpful, investing in fliers and putting up signs around your neighborhood can generate some calls. However, just putting up flyers and hosting an open house isn’t enough if your house doesn’t appeal to the average home buyer.
Considering the large amounts of money real estate agents spend in advertising your property, it is normal for them to charge big commissions. By advertising many properties at once, they tend to increase their chances of getting more phone calls – and obviously, they’ll make good profits by selling lots of houses. Some properties require going the extra mile in advertising before the right buyer eventually shows up.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
We give fair prices for properties – and we can close very quickly (in as little as 3-5 days if you need to).
Sometimes, when we purchase College Station houses, we fix them up and rent them out. Other times, we renovate them and sell them to buyers looking for great homes in the area. It’s always a pleasure to hear from people like you, who are thinking of selling anywhere in TX.
We’re investors who care a lot about College Station.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (979) 431-1663 or fill out the short form over here.