If you’re looking to sell your house or investment property in SW Washington 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. In certain situations, SW Washington brokers and real estate agents can be very useful and earn their commission, but not always. After all, paying 5-6% of the sale of a property in a commission is a lot of money and not always worth it.
How Do I Sell My House Without An Agent in SW Washington?
There are a few ways to avoid paying high commissions in your Washington sale.
First, there’s a tricky custom that you’ve gotta know about: In most sales in SW Washington, 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.
Luckily, you can use that to your advantage in a few ways.
First, factor in the commissions paid when you’re looking at 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.
Sometimes in SW Washington, buyers who aren’t represented by an agent won’t remember to negotiate the buyer’s side commission out of the price for themselves, so don’t remind the buyer if you don’t want to pay them. However, don’t be surprised if it comes up during the negotiation.
Sure, it’s a lot of money, but you may want to consider offering 2.5% to buyer’s agents who will bring their clients to show your property. If you’re pricing your property to include that commission, you can always negotiate a better deal for a purchaser who comes without an agent.
Be careful, 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 SW Washington.
Second, Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. This is the main database that all the brokers in SW Washington use to access information for their clients on the houses, condos, land, and investment properties for sale, along with data on the sold prices.
Once upon a time, you had to pay a full commission to get your property on the MLS. Now in SW Washington, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you’ll spend a few hundred bucks, and 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 SW Washington 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 SW Washington 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 hosting 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 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.
If you want to avoid paying any commissions, you can also sell your house to investors like us 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 SW Washington houses, fix them up, then rent them out… other times we’ll fix them up and sell them to other people looking for great homes in the area, and much more – but we love to hear from people like you who are thinking of selling anywhere in Washington.
We’re local investors who care a lot about SW Washington.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at 360-NOW-CASH (360-669-2274) or fill out the short form over here.