Sellers are usually the ones responsible for paying commissions in real estate transactions. Did you know that commissions can be anywhere from 3%-6% of the sale price of the home? If you were to sell your home for $428,700 (the current median price of a home in the United States), you’d be looking at paying $12,861-$25,722 in commissions alone. Don’t want to pay thousands in commissions? There are some ways to get around that.
Sell It Yourself
Have you ever considered selling your home yourself? It’s not as common for homes to be sold directly by their owners, but it does happen. Not using a real estate agent to sell your home means you don’t have to pay them a commission. That doesn’t necessarily mean that you won’t have to pay a commission to a buyer’s agent, but there’s a good chance that selling the house yourself will cut the amount of commission you need to pay in half.
Choose a Buyer Who Doesn’t Use an Agent
If you don’t like the idea of trying to sell the home yourself, hire an agent and see if you can find a buyer who doesn’t have one. They aren’t as common, but they do exist. Experienced home buyers, often investors or agents themselves, may not need the services of a real estate agent. In these instances, you’d only have to pay a commission to your agent, since the buyer doesn’t have one. Again, this effectively cuts the amount of commission you’d have to pay in half.
Sell to a Fast Home Buying Company
For sellers who prefer to avoid paying commissions altogether, there is the option of selling to a fast home buying company like Joe Homebuyer Dallas. These companies make it their business to make selling a house as quick, easy, and painless as possible. They don’t need an agent, and their simple, streamlined approach means that you don’t need one either. It’s arguably the best way to avoid paying commissions entirely when selling your house.
Simply put, if you want to avoid paying as much in commissions when selling a house, you need to reduce the number of real estate agents involved in the transaction. That means there’s a good chance you’ll be taking on more of the work yourself. That is unless you sell your home to a fast home buying company like Joe Homebuyer Dallas. Truly, it doesn’t get much easier than selling your home to us.
Not needing agents isn’t the only way selling your home to Joe Homebuyer Dallas is different. Click here to compare selling your home to us with selling your home with a local real estate agent to see how we make a difference for homeowners today!