You may be in a situation where it might be best to sell your house or investment property in Raleigh without using a real estate agent. If this is the case for you, we can help. “So how do I sell my house without an agent in Raleigh?“…you ask? Keep reading.
We do often times work with brokers, but sometimes it’s best to avoid paying someone to be in the middle. Why pay someone to be in the middle when you can work directly with the buyer and save a little bit of cash in the process?
After all, paying 5-6% of the sale of a property in a commission is a good amount of money. Paying a commission to brokers and real estate agents in NC to sell your house could be worth it, but that certainly isn’t the case always.
How Do I Sell My House Without An Agent in Raleigh?
You might be asking yourself, “How exactly can I sell my house without an agent in Raleigh and get the most money for it?”
I will share with you that there are a few ways to avoid paying high commissions in your NC sale.
First, there’s a custom in the real estate world that you have to realize.
In most sales in Raleigh, 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 would any seller have to pay half of the commission to the buyer’s agent who doesn’t even represent them?
Truthfully, it defies logic – it’s just customary to do so.
You can use that to your advantage in a few ways.
First, look at comparable sales in your market and take into account the commissions that were paid. If the properties similar to yours sold for prices that included commissions, take that into account.
Stay determined to not underprice your property – be aware that a savvy buyer will try to negotiate a discounted price if they can. If you’re putting in the time and work of one agent, you can stand to save that money.
Sometimes in Raleigh, buyers who aren’t represented by an agent do themselves a disservice by not remembering to negotiate the buyer’s side commission out of the price for themselves. Don’t remind them if you don’t want to pay them, but just don’t be surprised if it comes up during the negotiation.
As a means to negotiate a price in your favor, you may want to offer a 2.5% commission to a buyer’s agent who will bring their clients to view your property. Yes, it’s committing a lot of money to the buyers’ agent, but if you price your property right which includes that commission, you can always negotiate a better deal for a buyer who comes without being represented by 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 Raleigh.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Raleigh 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 year’s past, it was absolutely necessary to pay a full commission to get your property listed on the MLS. Now in Raleigh, 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, and the list goes on… get data from the MLS. Chances are good that when you submit your listing in Raleigh 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 Raleigh NC 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.
How Do I Sell My House Without An Agent In Raleigh?
Selling your house as a For Sale By Owner is a huge undertaking and can result in a horrible experience. 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. You may eventually end up throwing in the towel and just find an agent to list your property in the end.
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 offer fair prices for properties – and we can close fast (in as little as 7-10 days if you need to).
Sometimes we’ll purchase Raleigh houses, put in the time an money to fix them up. We may end up renting them out, or it might make more sometimes to fix them up and then sell them to other people who are looking for great homes in the area. and a lot of other reasons. All this to say that we would love to hear from people like you who are thinking of selling anywhere in NC. How do I sell my house without an agent in Raleigh?
We are compassionate house buyers who are looking to provide a solution to people who need to sell their house quickly with no hassles. The option is there to sell your house to investors like us. We can provide a smooth and transparent experience that will leave you satisfied. We at Narrow Path Investments, LLC are here to help you along to get to where you want to be. Free from a house that has been a burden to you.
We close fast and pay cash in as little as just 7-10 days. Give us a call now at 919-346-0699 for a Free Consultation or fill out the short form over here.