If you’re looking to sell your house or investment property in New England 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.
While there are times when the services of real estate agents and brokers in New England are essential and warrant their commission, it is worth noting that paying a commission of 5-6% of the property’s sale price is a considerable amount of money. Therefore, it may not always be necessary to hire a real estate agent or broker in every situation.
How Do I Sell My House Without An Agent in New England?
There are a few ways to avoid paying high commissions in your New England sale.
First, there’s a tricky custom that you’ve gotta know about.
In most sales in New England, 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.
When examining comparable sales, it is important to consider the commissions paid. If the prices of properties similar to yours included commissions, it is essential to factor this into your analysis.
Don’t underprice your property – It is important to note that a knowledgeable buyer may anticipate receiving a discount as well. If you are performing the tasks of a single agent, it is reasonable to assume that you can save that money.
On occasion, in New England, buyers who do not have representation from an agent may forget to factor in the buyer’s side commission into the price. It is not necessary to remind them if you do not wish to pay this commission. However, be prepared for the possibility that it may arise during the negotiation process.
It may be worth contemplating offering a commission of 2.5% to buyer’s agents who bring their clients to view your property. While it is a significant amount of money, if you have included the commission in your pricing strategy, you can always negotiate a more favorable deal with a buyer who does not have an agent.
Conversely, if you do not account for the buyer’s agent commission, you may be eliminating the majority of potential buyers in the New England market.
Over 90% of transactions happen through the MLS – The primary database utilized by all brokers in New England to obtain information on properties for sale, including houses, condos, land, and investment properties, as well as data on sold prices, is the Multiple Listing Service (MLS).
In the past, it was necessary to pay a complete commission to have your property listed on the MLS. However, in New England, there are now a few brokers who will require you to pay a fee solely to have your property listed on the MLS. Frequently, you will pay a few hundred dollars, and you will only be required to pay a commission if the sale is successfully completed.
Compared to the cost of a newspaper ad, the MLS is a cheap way to market your property to a very wide audience.
The MLS is the primary source of data for all major real estate search sites, such as Realtor.com, Zillow, Yahoo Homes, among others. It is highly probable that when you submit your listing in New England to the MLS, details about your property will appear on most of the major sites within a few days.
Every one of these sites generates revenue from advertisements. They offer various packages that enable you to pay for upgrades to your listing, such as featuring it at the top of the search results, and other additional features that may or may not pique the interest of potential buyers to purchase your property.
Advertising is a gamble. Open houses, newspaper ads, Craigslist postings, and elaborate signs can be a hit or miss when attempting to sell a property in New England, New England. While they can be an effective method, at times, they may also be a waste of time and resources.
To effectively sell your property on your own, you have to market it well.
Distributing flyers and displaying signs in your local area may elicit a few inquiries, and there are several free websites where you can post information about your property. However, relying solely on flyers and open houses may not suffice if your house does not cater to the interests of the typical home buyer.
In principle, real estate agents demand substantial commissions since they must invest a significant amount of money initially to market your property. By advertising numerous properties simultaneously, they anticipate a greater volume of inquiries, and naturally, they generate considerable profits by selling numerous houses.
Some properties may necessitate thousands of dollars in advertising expenditures before the ideal buyer comes across the advertisement and contacts the agent.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
We fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Occasionally, we acquire houses in New England, refurbish them, and subsequently lease them out. On other occasions, we renovate the homes and sell them to individuals in search of exceptional properties in the region, among other reasons. Nonetheless, we always welcome inquiries from individuals like you who are contemplating selling a property anywhere in New England.
We’re investors who care a lot about New England.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (781) 549-0271 or fill out the short form over here.