Need to sell your house in Dallas without using a real estate agent? We can help you with that.
The reality is that when you want to sell your house fast, sometimes it makes the most sense to cut out the middle man.
If you sell your house the traditional way, you will incur real estate agent commissions of anywhere from 3-6%. Honestly, there are some situations where it does make sense to work with an agent but not in every one.
How to avoid paying high commissions in the Texas area.
Here’s something you have to know:
In most sales in the Dallas metroplex, about half of the commission you pay as the seller is used to pay the buyers agent.
Hmmmmmmmm.
Why should you have to cash out the agent on the other side of the transaction?
Unfortunately, that’s just the way it is BUT there are ways that you can use it to your advantage.
Number one, take into consideration in the commissions doled out for comps in your area. If those houses similar to yours sold included commissions, take take note of that.
Don’t price your property too low – A really shrewd buyer might just expect a discount. Be very aware of this fact. If you’re doing the work of one agent, you can expect to save some coin.
In Dallas, many buyers without agents just aren’t savvy enough to negotiate the buyer commission out of the sales price for themselves. Remind the agent so that you don’t have to pay them. If not, don’t be alarmed if it comes up during negotiations.
You may want to think about offering 2.5% to buyer’s agents who will show your property to their clients. It’s a good deal of money but if you include that commission in your price, you can always negotiate a better deal for a buyer with no agent.
BUT, if you don’t leave room for the buyer’s agent commission, you’ll be mission out on most buyers in the Dallas metroplex.
Most home sales happen from the MLS – That stands for Multiple Listing Service. The MLS is the database that all real estate agents in Dallas use to access stats on Dallas homes, condominiums, land and other properties for sale, along with data on houses that have previously been sold.
Back in the day, you had to open up your wallet to get your property on the MLS. Period. Now in Dallas, you still have to pay brokers who will charge you a fee to list your property on the MLS. It will cost you a few hundred dollars but you will only pay when your house actually sells.
All things being equal, the MLS is a relatively inexpensive way to market your house to people seeking to purchase a home.
Every major real estate search website like Redfin pulls its data from the MLS. In fact when you list a house in Dallas, it’s very likely that your house will end up on one of these sites pretty quickly.
Each of those sites sells ads and include listing upgrades that let you pay to enhance your listing and feature it at the top of the page. They use this and other ‘secret sauce’ to get an interested buyer to buy your property.
Advertising can be a risk even when it works well. Sometimes open houses in Dallas, TX can be a the best way to sell a house. Sometimes, not so much. The same goes for any other form of marketing that you can think of. They can oftentimes be hit or miss.
To effectively sell your property you MUST focus on marketing.
Placing flyers and bandit signs around your neighborhood can generate some calls, and there are a ton of free websites where you can list your house info. But none of this matters if your house doesn’t look good to the average home buyer.
The popular thought says that real estate agents charge larger commissions because they have they have to spend a lot to market your property. The more they advertise, the more interested contacts they expect to get the more they will sell. This equals big buck for the real estate agent.
Certain properties might require thousands of dollars in marketing dollars before the right buyer calls them to inquire about the house.
Why worry about commissions? Sell your house to us TODAY.
We pay fair prices CASH for properties – and we can close fast (usually as fast as 5-10 days).
Many times we’ll purchase Dallas houses, fix them up, then rent them out. Sometimes we’ll fix them up and sell them to other people looking for homes in the neighborhood. If you are looking to sell your house in Dallas, TX or anywhere in the state, we’d love to hear from your.
Yes, we’re investors but we live to help people solve problems.
Again, we close fast and pay cash in as little as just 5-10 days. If you’re thinking “I need to sell my house fast,” give us a call now at 682-990-0209 or fill out the short form over here.