If you’re looking to sell your house in Savannah without using a real estate agent, we can help.
Don’t get it wrong realtors do serve a purpose, and there are times when we even use realtors, but there are times when it’s best to avoid paying someone to be in the middle.
After all, paying 5-6% of the sale of a property in a commission is a lot of money, especially when it is coming out of your pocket as the seller. In certain situations, Georgia brokers and real estate agents can be very useful and earn their commission, but that is not always the case.
How Do I Sell My House Without An Agent in Savannah?
There are a few ways to avoid paying high commissions in your Georgia house sale.
First, you have to understand who gets paid from the realtor fees. Most sales in Savannah are structured so 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? Honestly, it defies logic, but that is just how it’s typically done.
However, 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 you see a property that sold for $200,000, subtract the 6% realtor fees to help get a ballpark figure of what you could actually take home from the sale. If the properties similar to yours sold for prices that included commissions, take that into account as well.
Sometimes in Savannah, buyers who aren’t represented by an agent could approach your realtor and asked them to represent them as well. This means that your agent will get the entire 6% commission. When this happens, you can negotiate with your agent to reduce the commissions you pay. Understand that they are also doing more work when this happens, so don’t cut their commission entirely out of the picture.
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.
Of course, there is no law saying that the seller must pay both sides of the realtor fees. You can always negotiate that the buyer pays their own realtor fees, but be aware you’ll be excluding most of the buyers in the market in Savannah.
Over 90% of transactions happen through the Multiple Listing Service (MLS). It’s the main database that all the brokers in Savannah use to access information for their clients on the houses, condos, and land properties for sale, along with data on the sold prices.
A huge benefit of working with a realtor (and also paying the fees) is that your house gets listed where almost everyone goes shopping for new houses. Realtors sell houses, so they know how to market the properties to buyers. Compared to other ways to market your house, 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 Savannah to the MLS, information on your property will end up on most of the major sites within a few days which helps get your house in front of as many buyers as possible.
Advertising is a gamble. Sometimes open houses in Savannah Georgia 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.
When you sell your house without an agent, you then have to do all the marketing yourself. 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.
In theory, real estate agents charge big commissions because they have to spend a lot of money upfront 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 for CASH
If you want to sell your house without a realtor, all you have to do is find the people who want to buy your house. This could be your neighbor, friends, family, or investors. These transactions are considered “off-market” sales, and happen all the time.
Just like selling your car without having to go to a dealership, you can sell your house without having to go to a realtor. Investors like us buy houses from owners every day, with no realtors involved.
Sometimes we’ll purchase houses around Savannah, to fix them up and then rent them out. Sometimes we’ll fix them up and sell them to other people looking for great homes in the area. We’re investors who care a lot about Savannah, and more importantly, we help people solve their problems.
We close fast and pay cash in as little as just 3-5 days. Because we are investors, we aren’t concerned with the condition of the house. We buy all types of houses, in all types of conditions, for all different reasons. Give us a call now at (912) 421-0714 or fill out the short form over here.