Can I sell my house without an agent in Dallas Fort Worth? You absolutely can! If you’re looking to sell your house or investment property in Dallas Fort Worth or the Fort Worth area without using a real estate agent, the below info is offered for consideration.
Although we do cooperate with agents/brokers, sometimes it’s best to avoid paying all the commissions to have a middleman involved.
After all, paying 6% of the sale of a property in a commission is a lot of money. In certain situations, Texas brokers and real estate agents can be very useful and earn their commission. Not always.
There’s a few ways to avoid paying high commissions during your Dallas Fort Worth home sale.
**** Please scroll down and watch the short video I created for you****
First, there’s a tricky custom that you’ve gotta know about.
In most sales in Dallas Fort Worth, 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, factor in the commissions paid when you’re looking at the 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 Dallas Fort Worth, 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 them if you don’t want to pay them. Just don’t be surprised if it comes up during the negotiation.
You may want to consider offering 2.5% to buyer’s agents who will bring their clients to show your property. Sure, it’s a lot of money. 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 Dallas Fort Worth market.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the agents/brokers in Dallas Fort Worth use to access information for their clients on the houses, condos, land and investment properties for sale, how many days on market (DOM) it took to sell them, 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 Dallas Fort Worth, 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 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 Fort Worth 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 Fort Worth Texas can be a great way to sell property, and sometimes they’re a waste of time, and sometimes can be a little risky. Same with newspaper ads, craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.
To effectively sell my house without an agent in Dallas Fort Worth, how important is marketing?
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. Getting creative with the wording regarding features, updates, any special offerings can be helpful to attract potential buyers.
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 local real estate investors like TMC Property Solutions for CASH
We offer fair prices for properties – we buy houses “as-is” – you pay no closing costs – and we can close fast (in as little as 5-7 days if you need to).
Sometimes we’ll purchase Dallas Fort Worth 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 their house anywhere in Texas or in the surrounding areas.
We’re investors who care a lot about Dallas Fort Worth.
TMC Property Solutions buys houses “as-is”, we close fast, and we pay cash in as little as just 5-7 days. Give us a call now 24/7 at (817) 550-5069 or fill out the short form over here.