How to sell my home without paying commissions?
No one likes the idea of paying 6% or more in commissions and fees when selling THEIR house! The word, ‘commissions' is plural. Did you realize that? Oftentimes you’ll pay an average of 3% or more to your real estate listing agent and another 3% to the real estate buyer’s agent. So, the question most people ask is, “How to sell my home without paying commissions?”
You Have Alternative Options To Sell Your Home
If you feel that 6% or more is a lot of money to take out of your home’s selling price, we want you to know that you have other options. What are they? Most people think of the traditional two-agent real estate transaction, however, there are other, faster, ways to sell your home without paying high commissions or fees. The two options that we want to present to you today are the most common alternatives to selling your home without paying high commissions or fees. The first method involves a lot of learning and patience. The second method is fast, simple and requires very little on the part of you, the homeowner.
For Sale By Owner
For sale by owner or FSBO might be a good option for IF you have the patience and money to handle buyers of all kinds. Some buyers have strict timelines they need to meet and others are more keen to take their time. This means, you might be stuck paying your mortgage and other bills while trying to sell your home by yourself. The upside to FSBO is now is a good time to do this because the market is so hot. Wait wait wait. There are a couple things to consider before you go out and put a for sale sign in your yard.
There are many legal documents that need to be created. Do you know what those are? If not, wait a minute before putting that for sale sign in the yard. You’ll also need time, serious education and, above all else, patience to sell your home all by yourself. At this point, there is a lot of work to be done on your part including:
Finding comparable sales in your area and then deciding on the right sales price
Writing and creating an enticing home description for potential buyers
Taking great photos and creating a digital floor plan
Decluttering, cleaning, and completing renovations / repairs
Posting your listing online and possibly paying for right to post on an MLS (multiple listing service)
Creating a property flyer for potential buyers to read and take
Taking texts, emails and call from buyers
Setting and keeping appointments for potential buyers to come do walkthroughs
Drafting and creating a legally binding sales contract
Getting a home inspection completed
Setting and negotiating a closing date that works for the buyer
These are the most common things that have to take place before a FSBO can sell their home. Do you have the time, the patience and the money to get all this done? If not, don’t worry. There is one more alternative method that you can use to sell your home without paying high commissions or fees.
Sell Your Home To A Private House Buyer
If you need or want to sell your house quickly, working with a private home buyer is a fantastic solution. We are private home buyers but oftentimes we are known as cash house buyers. We are called that because we bring private capital to the purchase of your home. We do not use banks or lenders to purchase your home. There are many advantages to working with private home buyers like us including:
Quick and guaranteed closing
Cash in hand faster than listing on the MLS
No home renovations or repairs needed
Less inconvenience
No high fees and $0 in commissions
At Lewis Brothers Properties, we help sellers get out of tough situations. There are homeowners who don't want to or don't have the money to do renovations, or simply just want to sell privately and make the process extremely simple. As private home buyers, you are dealing directly with us, and we make it easy! We buy homes in as-is condition so there are NO Renovations or Repairs required to be done before selling your home. You can even leave any junk behind, and we’ll take care of it. All you have to do is pack. When you work with us you do not need to do any of the bullet points listed above in the For Sale By Owner, FSBO section.
Here’s how our process works. It is a simple 3-step process that allows us to give you a fair market offer within 24 hours.
Submit your information online, or give us a call at 950-260-9779. Let us know a bit about your property, location and reasons for selling.
We will schedule a walk-through or virtual assessment of your property. We come prepared with PPE as needed, we want to keep you and our team safe during these times!
We make you an offer! You will receive a fair, all cash, no-obligation offer. Upon accepting, we will determine a closing date that works best for you and your needs. We typically close in under 10 days!
After steps one and two have been completed, our team is usually able to get you a Firm and Fair all-cash offer for your home within 24 hours. Once the offer has been accepted, we aim to close as quickly as possible. Based on your needs, we can close faster than that or extend the timeframe. We are here to help you sell your home—quickly.
In Conclusion
As you can see you have other options to sell your home without paying high commissions and fees. One requires a lot of work, patience and time on your part and the other requires a phone call and one walkthrough. Yes, we are biased in this decision but we know how important it is for sellers to sell their house quickly and move on into the next chapter of their lives. That is why we exist.
Our mission is simple: We want to help you! We love being able to help people sell their homes - whether that is providing freedom from financial burdens, the stress of renovations, life changes, or just a quick & stress-free sale. We’re here to educate you about your options, help with your next steps and make this the best selling experience you’ll have. If you are thinking of listing your home “for sale by owner” call us instead and we’ll buy your house fast, with one walkthrough, no fees, no commissions and no stress.
We specialize in quick closings and buy houses in any condition. In fact, you don’t even need to start or complete those home renovations before we’ll buy your house. 905-260-9779
