Check out our comparison chart that breaks down the pros and cons for selling with both investors and agents HERE.
Are you looking to sell your house or investment property in Fayetteville without using a real estate agent? Shortsleeves Real Estate can help!
Although we do cooperate with brokers, sometimes it’s best to avoid paying someone to be in the middle.
After all, paying 5-6% of the sale of a property in a commission is a lot of money. In certain situations, Fayetteville brokers and real estate agents can be very useful and earn their commission, but many home owners don’t know that there are other options! There are a few different ways you can sell your house without an agent and avoid the fees that come along with them as well. Selling with an investor you can save valuable time and money and can sell your house in ANY condition. You don’t even need to clean it, we’ll take care of that for you!
First, there’s a tricky custom that you’ve gotta know about.
In most sales in Fayetteville, roughly half of the commission you pay as the seller goes to pay for the buyer’s broker.
Doesn’t make much sense, right?
Why should you pay for the agent on the other side of the table?
Truthfully, it defies logic – it’s just what’s usually 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 in Fayetteville, 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 Fayetteville.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Fayetteville use to access 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 property on the MLS. Now, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you spend a few hundred bucks and you only pay a commission if the sale closes.
Compared to the cost of a newspaper ad, the MLS is a cheap way to market your property to a very wide audience.
All the major real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. get data from the MLS. Chances are good that when you submit your listing to the MLS, information on your property will end up on most of the major sites within a few days.
Each of those sites sells advertisements. They’ve got packages that let you pay to enhance your listing, make it appear at the top of the search, and a lot of other bells and whistles that might or might not get an interested buyer to purchase your property.
Advertising is a gamble. Sometimes having an open house to showcase the home can be a great way to sell it, and sometimes they can be a way to waste your valuable time and money. Same with newspaper ads, craigslist postings, yard signs. Sometimes they work and sometimes they fail.
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 potential buyer, and there’s a lot of free websites where you can advertise your property for free or cheap. But often just putting up flyers and an open house isn’t enough if your house doesn’t appeal to the average home buyer. If your house hasn’t been recently updated, or it is a rental property, you can have a harder time finding potential buyers that are truly interested.
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 offer fair prices for properties – and we can close fast (in as little as 7 days if you need to). To learn more about the process click HERE to see how it works!
Sometimes we’ll 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 anywhere in North Carolina.
We’re investors who care a lot about Fayetteville and the surrounding areas, and we care about helping sellers get rid of all types of properties. You don’t have to make ANY repairs and we’ll even cover your closing costs!
Check out our Testimonials from real property owners that we have helped.
We close fast and pay cash in as little as just 7 days. Give us a call now at 910-600-6348. We would love to give you a no obligation cash offer today!
You can also fill out the short form by clicking HERE.