Selling your house or investment property can be quite stressful especially if you’re planning to sell your house without a real estate agent. Selling your house without an agent is definitely doable, with the help of some tips you can sell your property like a professional without a real estate agent.
While we do work with brokers, there are several situations when it’s preferable to avoid having to pay for one just to be in the middle. Especially if you need to move fast or if you have a house that is in need of any repairs.
Additionally, commissions can add up to a significant amount, typically between 5% and 6% of the sale price of a home. Atlanta Brokers and real estate agents deserve what they earn when providing value to the transaction but the commission added to the cost of sale may not work well for you.
How Do I Sell My House Without An Agent in Atlanta?
You can avoid paying high commissions when you sell house without an agent. There are some secrets and tricky tactics you need to know about. You may not know it, but it is a common practice in Georgia that almost half the commission paid by the seller goes to the buyer’s broker. Which doesn’t make any sense! It is not logical but this is customary and part of the game. It is not fair, and in my opinion, no one should have shell out big bucks for another party that did not take part in the deal. Paying for representation on your own side is enough!
Remember to consider the commissions paid when you’re looking at the sales of comparable properties. If you find a property like yours and commissions were included in the price, keep it under consideration.
Never under price the property you are selling – Everyone wants to make a profit. Buyers play a major role in the process. This also makes them feel entitled to a discount when they are not. Make sure you do your due diligence to ensure that you receive top dollar for your property based on the comps in the area you are selling. Even if you decide not to use an agent to represent you, you can still have an agent assist you in getting a good Competitive market analysis.
Buyers in Georgia who aren’t represented by an agent may forget to bargain the buyer’s side commission out of the purchase price on their own, so if you’d rather not pay it, you shouldn’t bring it up. If it comes up during negotiations, you should be prepared for it.
If you want to incentivize buyer agents to show your property to their clients, a 2.5% commission can do the trick. That’s a huge sum of money. Remember, you can always work out a better deal for a buyer who comes to you without an agent, even if you’ve already factored in the commission in your asking price.
Nevertheless, most Atlanta Georgia home buyers will be priced out of the market if you don’t account for the buyer’s agent’s commission.
Multiple Listing Service (MLS) plays an important part in transactions – Over 90% of all the transactions in Georgia happens through MLS – a database that generally every broker uses to obtain data on houses, condos, investment properties, and lands for sale for their clients. This database also includes the sold prices of all the properties.
There was a time when a complete commission was required to list a home on the Multiple Listing Service. Some Georgia real estate agents now demand commission only to put your home on the Multiple Listing Service (MLS). It’s common for sellers and investors wanting to list their property to pay a few hundred dollars and pay a fee when listing their property in the MLS.
Getting listed in the MLS to advertise your home is more cost-effective than placing an ad in a newspaper. It is also more effective because you can get more eyes on the property from real targeted buyers.
Data from the Multiple Listing Service (MLS) is used by every major real estate search engine. If you list your home in Georgia with an MLS, it will probably start appearing on major sites within a few days. You can pay for various packages that increase your listing’s rankings in searches and other features to ensure a potential buyer will see it and make an offer.
You can never be sure about Advertisement: Depending on the market, open houses in Georgia can be a highly effective marketing strategy or a complete waste of time. The same may be said for various forms of advertising, such as newspaper ads, Craigslist posts, and flashy signs. This is yet another reason why the listing in the MLS is great option.
If you want to sell your property correctly, the right marketing is the way to go!
There are numerous free online resources where you can spread your message as well as posting flyers and signs throughout the area can bring in some calls. However, if your home isn’t appealing to the typical homebuyer, merely putting up fliers and holding an open house may not be enough to sell it.
The key to making your house more appealing to sell fast relies heavily on the sale of homes in your area within the past 6 months. If you want sell fast, you may have to upgrade your home to match the upgrades of the most properties sold.
The most recent sales in your area are your window into what is selling now. So if you want to sell without having to spend any money on upgrades, a real estate broker may not be the way to go. They most certainly will advise you to undertake an extensive rehab to enhance sales.
So, if your plan is to move sell your fast without shelling out extra dollars on rehab or paying realtor fees, then you’re better off going the “For Sale By Owner” route.
For the most part, real estate brokers are expensive. They charge high commissions because of the high costs associated with promoting your home. They figure that if they advertise a bunch of houses at once, they’ll get more calls, and if they sell a bunch of houses, they’ll make more money.
Some properties may even require thousands of dollars before getting a single call from an interested buyer.
If you want to avoid paying any commissions, you can also sell your house to investors like us; AS-IS For CASH!
We offer fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Atlanta houses, fix them up, then rent them out… sometimes we’ll fix them up and sell them to other people in our network looking for great homes in the area. We would love we to hear from people like you who are thinking of selling anywhere in Georgia and the surrounding metro Atlanta area.
We’re investors who care a lot about Atlanta.