If you’re looking to sell your house or investment property in Dallas / Fort Worth without using a real estate agent, we can help if you’re wondering “how do I sell my house without an agent in TX..
Although we do cooperate with brokers, sometimes it’s best to avoid paying a middle man. So, if you’ve been asking yourself, “how do I sell my house without an agent in Dallas / Fort Worth, you’re about to learn a lot right here! So listen closely!
After all, paying 5-6% of the sale of a property in a commission is quite a lot of money. In certain situations, TX brokers and real estate agents can be very useful and earn their commission. But not always.
How Do I Sell My House Without An Agent in Dallas / Fort Worth?
There are a few ways to avoid paying high commissions in your TX sale.
First, there’s a tricky custom that you’ve gotta know about. If you haven’t bought or sold a property in a long time, then here’s a refresher.
In most sales in Dallas / Fort Worth, roughly half of the commission you pay as the seller goes to pay for the buyer’s real estate agent / broker.
Doesn’t make much sense, right?
Why should you pay for the agent that’s working for the buyer when you’re the one selling a property?
Truthfully, it defies logic – it’s just what’s typically done, and it’s been that way for a long time.
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, you’ll want to take that into account.
So, is it possible to know how to sell my house without an agent in Dallas / Fort Worth? Yes, here are some thoughts…
Don’t underprice your property – be aware that a savvy buyer may expect to have a discount too. If you’re doing the work that an agent would do, 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 process.
You may want to consider offering a commission of 2.5% to buyer’s agents who will bring their clients to see your property and will represent them throughout the home buying process. Sure, it’s a lot of money. If you’re pricing your property to include that commission, you can always negotiate a better deal for a buyer who comes without a real estate 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 Dallas / Fort Worth.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Dallas / Fort Worth use to access information for their clients on the houses, condos, land and investment properties that are for sale, along with data on the sold prices.
Once upon a time, in order to get your property on the MLS, you had to pay a full commission. Now in Dallas / Fort Worth, there are a few brokers who will charge you a fee just to list your property on the MLS. So they won’t necessarily be offering the same guidance as a real estate agent would throughout the selling process, but they’re willing to at least show your property on the MLS for buyers who are actively seeking a home to purchase. Often, you spend a few hundred dollars and then you only have to pay a commission if the sale actually closes.
Compared to the cost of a newspaper ad (and how many people actually look in the newspaper these days?), the MLS can be 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. receive 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 just a few days.
Each of those sites sells ads as well. 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 grab the interest of a buyer looking for a property with criteria similar to yours.
Advertising is a gamble. Sometimes open houses in Dallas / Fort Worth TX can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, craigslist postings, Facebook marketplace, fancy yard signs – sometimes they work, and sometimes they don’t. So how in the world do I sell my house without an agent in Dallas / Fort Worth?
To effectively sell your property on your own, you have to market it well.
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 having an open house isn’t enough if your house doesn’t appeal to the average home buyer.
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 a lot of money in advertising expenses before the right buyer happens to see the ad and call about it.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
We pay fair prices for properties – and we can close fast (in as little as 7 days if you need to). So if you’ve wondered how do I sell my house without an agent in Dallas / Fort Worth, here’s the fastest and easiest way!
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 families looking for great homes in the area. We love to hear from people like you who are thinking of selling anywhere in TX and have thought…I’m wanting to know how to sell my house without an agent in Dallas / Fort Worth .
We’re investors who care a lot about Dallas / Fort Worth.
We can close fast and pay cash in as little as just 7 days. However, if a 7 day closing is too fast for you, we can certainly work with you if you need more time! Give us a call now at 972-945-7299 at Madison Lea Homes or fill out the short form over here.