If you’re asking question “How to sell your house or investment property in Dallas 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.
Although, in certain situation it is very useful to work with Dallas brokers and real estate agents. But paying 5-6% of sale of a property in a commission is a lot of money.
How Do I Sell My House Without An Agent in Dallas?
There are a few different 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 Dallas, 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, take into account the commissions paid when you are looking at the comparable sales.
Do not 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 [market city] buyers who aren’t represented by an agent won’t remember to negotiate the buyer’s side commission out of their price. So if you want a deal without paying extra, just make sure not remind them and it shouldn’t come up during negotiations.
You might want to consider offering 2.5% commission for buyer’s agent who will bring their client to show their property, and it’s a big incentive because they can save money on their real estate purchase by bringing you the client. 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 Dallas.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Dallas use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
In old days, you had to pay a full commission to get your property on the MLS. Now in Dallas, 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 Dallas 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 Dallas 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.
One of the best ways to get people interested in your home is by hosting an open house. This will help you generate more interest and potential buyers from all around. A good way of doing this, as well as getting flyers posted on neighborhood bulletin boards or putting up fliers nearby can be done through sites such as craigslist where there’s often free advertising space available for those looking to buy a new place near themselves if they want something that matches what’s already offered at their old residence
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 pay fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes 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 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 Dallas.