If you’re looking to sell your house or investment property in New Britain without using a real estate agent, we can help.
While we do work with brokers, in some cases it may be more beneficial to avoid paying commission.
Keep in mind that paying a commission of 5-6% of the sale price can be a significant amount of money. In certain situations, working with a CT broker or agent may be useful and justify the commission, but it’s not always necessary.
How Do I Sell My House Without An Agent in New Britain?
There are a few ways to avoid paying high commissions in your CT sale.
First, there’s a tricky custom that you’ve gotta know about.
In most sales in New Britain, 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?
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.
When selling a property in New Britain, it’s important to be aware that buyers who are not represented by an agent may not remember to negotiate the commission for themselves. It’s up to the seller to decide whether or not to bring it up during negotiations.
It may be beneficial to consider offering a 2.5% commission to buyer’s agents who bring clients to view the property. While this may seem like a large amount of money, it can be factored into the property’s price and used as a negotiating point for buyers who come without an agent.
However, if the commission is not included in the property’s price, it may limit the number of buyers in the market.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service.
The Multiple Listing Service (MLS) is the primary database used by brokers in New Britain to access information about houses, condos, land and investment properties for sale, as well as data on sold prices.
In the past, sellers had to pay a full commission to get their property listed on the MLS, but now there are brokers who charge a fee just to list your property on the MLS. This is often a cost-effective way to market your property to a wide audience.
All the major real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. get their data from the MLS. When you submit your listing to the MLS, information about your property will likely appear on most major sites within a few days.
These sites sell ads and offer packages that allow you to pay to enhance your listing, feature it at the top of the search, and other features that may or may not attract interested buyers.
Advertising is a gamble. Sometimes open houses in New Britain CT 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.
Posting fliers and signs in your neighborhood can generate some interest in your property, and there are several websites where you can post information for free. However, this alone may not be enough if your house does not appeal to the average home buyer.
Real estate agents typically charge high commissions because they have to spend a significant amount of money to advertise your property. By advertising many properties at once, they expect to receive more phone calls and ultimately make a profit by selling multiple houses.
Some properties may require significant advertising expenses before the right buyer sees the ad and contacts the seller.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
We offer fair prices for properties and are able to close quickly, often within 3-5 days if needed.
Our company may purchase properties in New Britain, renovate them and then rent them out, or fix them up and resell them to buyers looking for homes in the area. We have multiple reasons for buying properties, but we are always interested in hearing from people like you who are considering selling a property anywhere in CT.
As investors, we are passionate about the New Britain area and its potential.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (860) 936-6593 or fill out the short form over here.