Are you looking to sell your home but don't want to pay a real estate commission? When it comes time to sell your home, most people think they have to go through a real estate agent to get the best deal. However, there are other ways to sell your home without paying a commission. In this article, we will explore some of those methods and help you navigate the process of selling your home on your own.
Keeping The Commission.
We all know that real estate agents make their money by taking a commission from the sale of a home. This can be a substantial amount of money, especially if your home is selling for more than $500,000. So what do you do if you want to sell your home but don't want to pay a real estate agent?
There are several ways to sell your home without paying a commission to a real estate agent. It all depends on how much you want to be in control of the sale of your home as well as how much you wish you invest into the sale of your home.
Real Estate Broker.
If you're not comfortable handling the sale on your own, you can always hire a real estate attorney to help with the process. This is a good option if you need assistance with paperwork or negotiating the sale price. While hiring an attorney will cost you more upfront, it may save you money in the long run by helping you avoid paying a commission.
Also known as a real estate broker, this is someone who still works with buyers and sellers to negotiate a sale. Unlike a real estate agent, a real estate broker does not take a commission from the sale of the home. Brokers (aka attorneys) typically charge a flat fee.
For Sale by Owner.
Another way to sell your home without paying a commission is to do it For Sale by Owner (FSBO). This means that you will be responsible for all aspects of the sale of your home, from marketing to negotiating the sale price. Doing FSBO can be a lot of work, but it can also save you money. There are a few things to keep in mind if you decide to sell your home FSBO:
● Make sure you understand the market and what your home is worth
● Have an effective marketing plan
● Be prepared to negotiate
● Be prepared to handle all the paperwork yourself
● Have a good understanding of real estate contracts
You can find a lot of information online about how to sell your home FSBO. The key is to be prepared and do your research.
Contact Local Investors.
Another way to sell your home without paying a commission is to find a buyer who is not represented by a real estate agent. This can be done by contacting buyers who are looking for homes in your area and asking if they would like to see your home.
You can also contact local investors who may be interested in buying your home. Investors are often interested in properties that need some work, so if your home is in good condition but needs a little TLC, you may have better luck with this method.
Selling to Family or Friends.
If you have family or friends who are interested in buying your home, you can sell it to them for a discounted price. This is a good option if you are not in a hurry to sell your home and want to save on real estate commissions.
Utilize Flat Fee MLS Services.
The last way to sell your home without paying a commission is to use a flat fee MLS listing service. With a flat fee MLS listing, you will still have access to all the same marketing tools and resources that real estate agents use, but you will only pay a fraction of the cost.
HomeLister.
HomeLister is a website that offers a flat fee MLS listing service. With
HomeLister, you will have access to all the same marketing tools and resources that real estate agents use, but you will only pay a fraction of the cost.
HomeLister is also the fastest growing flat fee MLS listing service in the country, and we are proud to offer our services to homeowners and real estate professionals nationwide.
In Closing.
Now that you know how to sell your home and keep the commission, it's time to get started. No matter what route you decide to take, selling your home without an agent is possible and can save you thousands of dollars in commission fees.
With a little research and planning, you can navigate the home sale process on your own and keep more of your hard-earned equity. Plus, don't forget to check out HomeLister's great blog posts about buying and selling homes such as:
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Exclusive Right To Sell: What Does It Mean?
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Flat Fee MLS: How Does It Work?
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What Does An Open Listing Mean For A Seller?
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