If you’re looking to sell your house or investment property in Houston without using a real estate agent, we 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, Texas brokers and real estate agents can be very useful and earn their commission, but not always.
Here’s How You Can Sell Your House Without An Agent in Houston…
There are a few ways to avoid paying high commissions in your sale.
First, there’s a tricky custom you’ve gotta know about…
In most Houston sales in, roughly half of the commissions you pay as the seller go to pay for the buyer’s broker.
Doesn’t make much sense, does it?
Truthfully, it really does defy all logic, but it’s just what typically happens.
You can use this to your advantage in a few ways though…
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 under-price your property – be aware that a savvy home 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 Houston, buyers who aren’t represented by an agent will not 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 of Houston.
Over 90% of transactions happen through the MLS (the Multiple Listing Service). This is the main database all brokers in Houston use to access information for their clients on houses, condos, land and investment properties for sale, along with data on the sold prices.
Once upon a time, you would have to pay full commissions to get your property on the MLS. Now in Houston, 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 in Houston 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 ads. They’ve got packages that let you 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 gamble. Sometimes open houses in Houston Texas 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 offer very fair prices for all kinds of properties – and we’ll close fast (in as little as 3-5 days if you need to). Sometimes we’ll purchase Houston 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 Texas. We’re investors who care a lot about Houston.
We close fast and pay cash in as little as just 3-5 days. Give us a call at (832) 735-7222 or fill out the short form over here.
If you feel you really need to list with an agent and go through the traditional process, you can use this site to find a good one. You can also learn more about what a real estate agent actually does on the site mentioned below: