If you’re looking to sell your house or investment property in Galveston without using a real estate agent, we can help.
In the real estate game, brokers and agents are a requirement in many marketplaces due to their unique network and ability to qualify buyers for certain properties that would otherwise stay on the market. However, more often than not, working without a broker or agent can save sellers thousands of dollars. While it is important to take into consideration the services they provide such as protection of privacy and sound representation should a counter-offer be suggested, it may be worth looking into what options you have available if you do decide to go with an alternative route.
Investing in the time researching the marketplace while referencing MLS, searching out buyers that can make all-cash offers, or picking up legal representation could definitely offset any potential detailers that might exist with choosing to sell independently. In other words, sometimes it pays off (literally) to have enough knowledge to know when experts aren’t necessary!
Here is a video on “How Do I Sell My House Without An Agent?“:
How Do I Sell My House Without An Agent in Galveston?
There are a few ways to avoid paying high commissions in your Texas sale.
First, there’s a tricky custom that you’ve gotta know about.
In most sales in Galveston, 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 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.
Buying real estate in Galveston offers plenty of opportunities, but if buyers don’t have the representation they need to remember there are certain traps they can fall into. While it is common courtesy to remind buyers to negotiate commissions out of the price being offered, this should only be done if you are prepared to pay them yourself as sometimes the commission may not come out during the negotiation. It is thus important for buyers without representation to be vigilant when making a purchase and be aware that negotiating commissions may still need to happen regardless.
Whether you are looking to sell your property or invest in some real estate, offering 2.5% to buyer’s agents can often be a key factor in getting the right person for the job. This incentivizes buyer’s agents and encourages their clients to show interest in your listing. Of course, this is a lot of money and can eat into profit margins, but it opens up many doors. Additionally, if you decide to price your property with that commission taken into account, then negotiating a better deal for any potential purchaser without the help of an agent may also be possible.
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 Galveston.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Galveston use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
If you’re looking to sell your property, you don’t have to pay a hefty commission upfront like you used to. In Galveston, there are special brokers who will list your property on the MLS for only a small fee; you don’t need to fork over thousands of dollars until after the sale is made. This is an attractive option for many and has allowed new home-sellers more freedom and control than ever before in knowing exactly how and what money they are spending throughout every step of the process.
Compared to the cost of a newspaper ad, the MLS is a cheap way to market your property to a very wide audience.
Selling a property in the Galveston area can prove to be a daunting task. Fortunately, investing in the local Multiple Listing Service (MLS) allows for all the major real estates search sites, such as Realtor.com, Zillow, and Yahoo Homes, to become aware of your listing. Although submissions may take a few days to propagate throughout all systems, the time spent will be well worth it when potential buyers are quickly exposed to your property’s unique features and advantages.
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 Galveston Texas can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, craigslist postings, and fancy signs – sometimes they work, and sometimes they don’t.
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To effectively sell your property on your own, you have to market it well.
Putting up fliers and signs around your neighborhood is definitely a great way to start generating interest in your home, but if you really want to see results you need to go beyond that. You might think the aesthetics of your house aren’t important, however as a seller you should do everything in your power to make sure it’s in top condition before putting it on the market.
Making sure the yard is mowed and has flowers blooming, keeping the paint looking fresh, and organizing things indoors can be great ways to attract potential buyers without having to spend too much money. Posting on free websites and an open house are still key components but don’t underestimate how powerful making minor changes to appeal aesthetically can be in helping sell a home.
In theory, real estate agents charge big commissions because they have to spend a lot of money upfront 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.
Brandy was overwhelmed with an inherited property that required repairs and updates and was not quite sure how to approach the sale for the house without additional stress. We helped her make an informed decision of her sale and we purchased the home cash without requiring any repairs in her timeline. We worked with her family probate attorney to make sure all documentation was aligned.
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’ll purchase Galveston 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 Galveston.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (713) 561-5162 or fill out the short form over here.
A Few Reasons To Sell Your Galveston Texas Home Fast
Move On House Buyers will work with you to find the best solution for your particular scenario and it all starts with a 100% Free No Obligation Consultation.