Selling a home on the market may be pricey because you have to pay your real estate agent commission, that’s about 5%-6% of the total purchase price. If home sellers are not careful about their listing price, they can end up selling their home without any profit because the payment has been used up by the mortgage balance and the closing costs (including the commission fee).
If you’re worried that this will happen to you, you can also explore selling your home off the market and without a real estate agent. Yes, many home sellers do this successfully, and they end up saving a lot from the commission price! Maybe it’s your turn to benefit from FSBO today!
How Do I Sell My House Without An Agent in Cumming?
There are a few ways to avoid paying high commissions during your Georgia home sale. It’s not a walk in the park for everybody, but the experience is worth trying.
Learn to Negotiate with an Agent
Buyers are often the ones who will most likely work with a real estate professional. This ensures they’re not being tricked into a fraudulent transaction. Most of the time, you’ll be speaking with your buyer’s real estate agent, so you should be prepared.
Don’t Give in Easily to Their Requests – every real estate agent’s goal is to get their buyers a more affordable deal without thinking about the seller. They serve as your buyer’s spokesperson and “attorney” per se, making sure they’re not on the losing end of a deal. You have to listen carefully to their requests and assess whether it’s not a bad deal for you.
Don’t Underprice Your Property – be aware that a savvy buyer may ask for a discount too. As much as you want your price to be competitive, avoid going too low and leave room for deals.
Know the Difference Between Agents and People Who Only Recommend – in some cases, people who recommend or lead you to a buyer (even if they don’t work for that buyer) also asks for a portion of the sale price. If you’re not familiar with this practice, you can end up paying more than you should. Take note that the commission price of a licensed real estate agent is different from a regular person. Hence, you have to know whether that person is working for your buyer or not.
Skip the Agent But Not the MLS
Over 90% of transactions happen through the MLS –the Multiple Listing Service. It’s the central database that all the brokers in Cumming 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 Cumming, a few brokers will charge you a fee just to list your property on the MLS. With this, you only spend a few hundred bucks, then pay the commission only when the deal closes. Compared to the cost of a newspaper ad, the MLS is a cheap way to market your property to a vast audience.
All the major real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc., get data from the MLS. When you submit your Cumming listing on the MLS, information on your property will still be actively broadcasted on the market.
Each of the listing sites cited above also runs ads. They’ve got packages that let you enhance your listing, feature it at the top of search results, and a lot of other bells and whistles that attract more prospective buyers.
Market Your Cumming Property Well
Put yourself in a real estate agent’s pair of shoes. How do they market their properties? There are marketing channels that don’t require you to spend a lot of money upfront, and you should take advantage of these. Examples are Meta Marketplace (Facebook Marketplace), Open Listing Sites, and other social media networks.
Take good quality property photos and post as many as possible. The more details you put on your online listing, the better because people will see your credibility. From our experience, your response time to inquiries is a significant factor. As much as possible, you should respond to messages right away.
Sell Your Home to Investors Like Us for Cash
Investors like Spire Property Solutions are always ready to purchase property without going through a lender. This means that your home won’t go through any appraisal, and you won’t have to wait as long, unlike when you sell your home to a market buyer who will use a mortgage to buy your house.
We’re investors who care a lot about Cumming. We close fast and pay cash in as little as just 3-5 days.
Call us at (678) 318-1801 or fill out the short form over here.