Sometimes it is beneficial to avoid paying someone to be in the middle, like corporate brokers.
Paying 5-6% of the sale of a property as commission is too much and although Texas brokers and real estate agents can be very useful and earn their commission, it is not always the case.
How Do I Sell My House Without An Agent in Dallas TX?
We have a few tips and tricks to avoid paying high commissions to a middleman in your Texas sale. But first, we’ll tell you about a tricky custom that you should be aware of.
In most sales in Dallas, 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. But there are ways in which you can use that to your advantage
You should consider the commissions to be paid as you’re looking at comparable sales. If the properties similar to yours are sold for prices that include commissions, the factor that into your approximate expenditure.
Don’t underprice your Dallas property
A savvy buyer may expect to take a discount, so beware of those. If you’re doing the work of the agent yourself, expect to save that money.
Quite often in Dallas TX, buyers who aren’t represented by an agent will not remember to negotiate their side commission out of the price for themselves. It’s best if you don’t remind them so you can avoid paying for it. Just don’t be surprised if it comes up during the negotiation.
You should consider offering 2.5% to agents who would bring their clients to show your property. You can always negotiate a better deal for a purchaser who comes without an agent if you’re pricing your property including that commission.
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 TX.
Over 90% of transactions happen through the MLS
MLS stands for the Multiple Listing Service which is the primary database that every broker in Dallas uses to find information on all the houses, condos, land, and investment properties for sale, along with information about the selling prices.
Dallas TX house buyer
There was a time when you had to pay a full commission to get your property on the MLS. Now in Dallas, there are a few brokers who will charge you a fee just to list your property on the MLS. Nowadays, you spend a few hundred bucks as a fee and you only pay a commission if the sale closes.
The MLS is a cheap way to market your property to a very wide audience if you compare it to a newspaper ad.
Major real estate search sites such as Realtor, Zillow, or Yahoo Homes and more get data from the MLS. There’s a good chance that when you submit your listing in Dallas TX to the MLS, information on your property will end up on most of the major sites within a few days.
Each of these sites sells ads and have packages to let you pay to enhance your listing, feature it at the top of the search, to help get an interested buyer to buy your property.
Advertising is a gamble
Sometimes open houses in Dallas TX can be a great way to sell a property, and sometimes they’re a waste of time, as is the case with newspaper ads, craigslist postings or even fancy signs.
To sell your property by yourself, you must market it well.
Sell my property in Dallas TX
Although you can get some calls, if you put up fliers and signs around your neighborhood, or you can post your house on a lot of free websites, but often it isn’t enough if your house doesn’t appeal to the average home buyer in Dallas.
Real estate agents charge big commissions since they need to spend a lot of money upfront to advertise your property. They are expected to get more phone calls By advertising lots of properties at the same time, and consequently, make good profits by selling them.
A few properties sometimes need thousands of dollars worth of advertising expenses before they are bought.
If you want to avoid paying any commissions, you can also sell your property to investors like us for CASH
We offer cash for houses in Dallas TX. We purchase Dallas houses, repair them, redesign and remodel them, then rent them out, or sell them to other people looking for great homes in the area. We want to hear from people who are thinking of selling anywhere in Texas.
We’re investors who care a lot about Dallas. We close property deals fast and pay cash within 3-5 days. Sell your house in the TX area now! Give us a call now at (817) 298 8924 or fill out the short form over here.