If you’re looking to sell your house or investment property in Los Banos and Surrounding areas without using a real estate agent, Tom and Nancy Buy Houses can help. Call us today at 559-715-1651 and we will be happy to answer any of your guestions.
Although we do cooperate with brokers, sometimes it’s best to avoid paying someone to be in the middle. Do you really want to pay commission fees on top of all the other fees that you will be facing in the closing cost process.
After all, paying 5-6% of the sale of a property in a commission is a lot of money. In certain situations, California brokers and real estate agents can be very useful and earn their commission. Not always. Depends on the real estate agent, if they are going to do you justice or not. Tom and Nancy Buy Houses don’t charge commission fees. Tom and Nancy Buy Houses are here for you.
How to Sell My Own Home In California without an agent
You don’t need a real estate agent or a real estate agent to sell your home in California. Although rare, thousands of buyers and sellers buy or sell a home without a real estate agent every year. In California, home buyers and sellers are typically represented by a California Department of Real Estate-licensed agent or broker. However, in other states, real estate sales are usually handled by a lawyer. In California, this is less common.
You can also market the home on your own (i.e. handle all advertising, open houses, and private displays on your own), but use the attorney to process the paperwork while paying a flat fee to have the house put on the Multiple Listing Service ( MLS) that almost every real estate agency website uses for its listings. There is another possibility, too. Check out https:/www.ctcashhomes.com/and get a fair cash offer for your home.
There are numerous advantages and disadvantages to selling a home without an agent that must be weighed down by anyone considering selling a home on their own.
5 tips of selling your house without an agent:
- Set a realistic price
- Give a detail description of your home
- Be Patient
- Consider Paying a Broker for Limited Services
Many people who decide to sell their home without an agent don’t realize that some agents offer limited services to help you with specific aspects of selling a home.
How Do I Sell My House Without An Agent in Los Banos and Surrounding areas?
How to sell a house by owner in California:
Step 1) Does your home need any repairs, don’t worry at Tom and Nancy Buy Houses does the repairs for you.
Step 2) You need to make sure you have a Disclosure form in the State of California. This form is called a Transfer Disclosure Statement Form (TDS). This protects you and your buyer.
Step 3) Declutter, clean, stage, and add curb appeal. Tom and Nancy Buy Houses will do all this for you and we will make sure you have money in your pocket to help you move.
Step 4) Hire. a professional photographer.
Step 5) Price your home competitively. You need to price your house, not what you think it is worth, but what the house around you are selling for.
Step 6) Market your house to prospective buyers.
Step 7) Negotiate offers
Step 8) Complete steps to closing
Step 9) Everything goes alright, then you close.
These are just a few steps to take when you ” How to sell my house without an agent.”
First, there’s a tricky custom that you’ve gotta know about.
In most sales in Los Banos and Surrounding areas, roughly half of the commission you pay as the seller goes to pay for the buyer’s broker. This isn’t really fair to the real estate agent.
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.
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, take that into account.
Don’t underprice your property – be aware that a savvy buyer may expect to take a discount too. If you’re doing the work of one agent, you can expect to save that money.
Sometimes in Los Banos and Surrounding areas, 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.
You may want to consider offering 2.5% to buyer’s agents who will bring their clients to show your property. Sure, it’s a lot of money. If you’re pricing your property including that commission, you can always negotiate a better deal for a purchaser who comes without an 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 Los Banos and Surrounding areas.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Los Banos and Surrounding areas 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 Los Banos and Surrounding areas, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you spend a few hundred bucks and you only pay a commission if the sale closes.
Compared to the cost of a newspaper ad, the MLS is 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. get data from the MLS. Chances are good that when you submit your listing in Los Banos and Surrounding areas to the MLS, information on your property will end up on most of the major sites within a few days.
Each of those sites sells ads. 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 get an interested buyer to buy your property.
Advertising is a gamble. Sometimes open houses in Los Banos and Surrounding areas California can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.
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 an open house isn’t enough if your house doesn’t appeal to the average home buyer. You have to make sure that your home has the curb appeal to attract home buyers.
Have a professional photographer do pictures for you, you want your house to have great pictures.
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 thousands of dollars in advertising expenses before the right buyer happens to see the ad and call.
If you want to avoid paying any commissions, you can also sell your house to investors like us Quickly
Tom and Nancy Buy Houses will do this for you if you decide to go with us. Their are alot of investors out there that will promise you things but when it comes to closing, some back out at the last minute leaving you wondering what you are going to do. Tom and Nancy Buy Houses will tell you up front if we can help you are not.
Tom and Nancy Buy Houses will give you a fair price for your property – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Los Banos and Surrounding areas houses, fix them up, then rent them out… sometimes we’ll fix them up and sell them to other people looking for great homes in the area, and a lot of other reasons, too – but we love to hear from people like you who are thinking of selling anywhere in California. Give Tom and Nancy Buy House a call at 559-715-1651 today.
We’re investors who care a lot about Los Banos and Surrounding areas.
We close fast and pay cash or make you an offer that you can’t refuse, but if you do it is up to you to contact us back if you decide you want to talk to us furthur. Tom and Nancy Buy Houses can close in as little as just 3-5 days. Give us a call now at 559-715-1651.or fill out the short form over here.