Do you want to sell your house or investment property in West Palm Beach without using a real estate agent?
We are here to help you
Although, in some situation Florida brokers and agents comes very handy in buying and selling investment property, but they charge 5-6% of the sale of the property as a commission, which is quite a large sum. It is therefore best to avoid paying someone in the middle.
Ways to avoid paying high commission in your Florida sale
Do you know in most sales in West Palm Beach half of the commission you pay as the seller goes to pay the buyer’s broker? Now the question arises, why are you paying for the services of a buyer’s agent? We can understand this really defies the logic, but it is just what typically happens. However, you can use this to your advantage in a few ways. First, you have to factor the commission paid when looking at the comparable sales. Take into the account of all the properties similar to yours; sold for the prices that includes commission. Here are some the ways to avoid paying high commission:
Do not under-price your property
You should be aware that a savvy buyer always expects to take some discount and if you are looking to save money, you can do the work of one agent. Sometimes in West Palm Beach those buyers who are not represented by an agent do not usually remember to negotiate the commission of buyer’s side for themselves. In that case, do not remind them. Also, do not be surprised if it comes up in negotiations.
You can instead offer 2.5% as a commission to the buyer’s agent, since he is bringing up his clients. It does sound a lot of money, but if you are valuing your property right, including the commission, you can always be in a good position to negotiate a good deal with a purchaser who comes without an agent.
Thus, if you do not leave room for the buyer’s agent’s commission, you will end up losing many buyers in the market in the West Palm Beach.
List your property on the MLS
Multiple Listing Service (MLS) is the main database that all the brokers in the West Palm Beach use to access information for their clients on the houses, condos, and land and investment properties for sale. They can even access the data on the sold prices through the MLS.
A few years back you have to pay full commission to get your property on the MLS. But now in West Palm Beach there are a few agents who will charge you a small fee to list your property on the MLS. Sometimes, you just pay a few hundred bucks to get your property listed and the commission is only paid when the sale occurs.
Listing with the MLS is cheaper alternative than advertisements since you can market your property to a large audience. Also, the entire major realtor’s site, such as Zillow, Yahoo, Realtor.com and Homes get their data from the MLS. If you submit your property to the MLS, there is greater chance your property information will end up on those major sites within a few days.
Moreover, each of these sites sells ads. They offer various packages and in return enhance your listing. You can for example pay to feature your property at the top of the search or anything that might tempt the buyer to make a purchase.
Advertising is a gamble
Just like with the open house, placing fancy signs, craigslist posting, newspaper advertisement is a gamble that you will play. These methods are a great way to sell your property without a middleman, but sometimes they are a waste of time and money and terribly fails to bring the prospect buyers.
Market your Property
If you are looking out ways to sell your property on your own, then you have to market your property well. Firstly, put up fliers and signs around your neighborhood that could possibly generate some interest in the buyers. You can also list your property on free websites and hold an open house. However, this is not enough to tempt the buyers to make a purchase.
If you do some background check, you will realize that real estate agents charge big commission because they spend a lot of money to advertise your property. They advertise a lot of properties at the same time and expect to make profit on selling all those houses. Similarly, your property needs extensive marketing in order to reach the right buyer.
Sell your house to investors like us for CASH
A rather straightforward way to avoid paying commission to an agent is to sell your property to us for CASH. We will offer you a fair price and we can close the deal in as little as 3-5 days.
We as an investor buy houses in West Palm Beach, fix them up and later sell to other people. We would love to hear from people like you who are looking to sell their house fast and wish to avoid a middleman in Florida. We are investors who care a lot about West Palm Beach.
We close fast and pay cash in as little as 3-5 days. Give us a call at (561) 370-8335 or fill out the short form over here.