“How Do I sell my house without an agent in Phoenix? “
If you’re looking to sell your house or investment property in Phoenix without using a real estate agent, we can help.
Although we do cooperate with brokers, sometimes 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. In certain situations, Phoenix Arizona brokers and real estate agents can be very useful and earn their commission. Not always.
How Do I Sell My House Without an Agent in Phoenix? – Things you should know about
There are a few ways to avoid paying high commissions in your Phoenix Arizona sale.
First, there’s a tricky custom that you’ve got to know about.
In most sales in Phoenix, 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.
Sometimes in Phoenix, buyers who aren’t represented by an agent won’t remember to negotiate the buyer’s side commission out of the price for themselves, so don’t remind them if you don’t want to pay them. Just don’t be surprised if it comes up during the negotiation.
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.
On the other hand, if you don’t leave room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in Phoenix.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Phoenix use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Once upon a time, you had to pay a full commission to get your property on the MLS. Now in Phoenix, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you spend a few hundred bucks, and you only pay a commission if the sale closes.
Compared to the cost of a newspaper ad, 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 Phoenix to the MLS, information on your property will end up on most of the major sites within a few days.
Each of those sites sells ads. They’ve got packages that let you pay to enhance your listing, feature it at the top of the search, and a lot of other bells and whistles that might or might not get an interested buyer to buy your property.
Advertising is a gamble. Sometimes open houses in Phoenix Arizona 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.
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 up front 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
We fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Phoenix houses, fix them up, then rent them out… sometimes we’ll fix them up and sell them to other people looking for great homes in the area, and a lot of other reasons, too – but we love to hear from people like you who are thinking of selling anywhere in Phoenix Arizona
We’re investors who care a lot about Phoenix
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (480) 637-5500 or fill out the short form over here.
Why Sell to Us?
Selling your house to us can be a great option for several reasons:
- No Commissions or Fees: When you sell to us, you avoid the hefty commissions and fees that come with traditional real estate transactions. This means more money in your pocket.
- Quick Closings: We understand that sometimes you need to sell your house fast. We can close in as little as 3-5 days, providing you with the cash you need quickly.
- Sell As-Is: No need to worry about making repairs or cleaning up. We buy houses in any condition, so you can sell your house without the hassle of fixing it up.
- Flexible Solutions: We tailor our solutions to meet your needs. Whether you need to stay in your home for a while after the sale or need help with moving, we can work with you to find the best solution.
- Local Expertise: As local investors, we have a deep understanding of the Phoenix market. We know the neighborhoods, the trends, and the values, which allows us to offer you a fair price for your property.
Our Process
Our process is simple and straightforward:
- Contact Us: Give us a call at (480) 637-5500 or fill out the short form on our website. Provide us with some basic information about your property.
- Schedule a Visit: We’ll schedule a convenient time to visit your property. This allows us to assess its condition and make a fair cash offer.
- Receive an Offer: After evaluating your property, we’ll present you with a no-obligation cash offer. You can take your time to review it and decide if it works for you.
- Close the Deal: If you accept our offer, we’ll handle all the paperwork and close the deal at a reputable title company. You’ll receive your cash in as little as 3-5 days.
Testimonials
Don’t just take our word for it. Here’s what some of our satisfied clients have to say:
“…the consummate professional”
Just wanted to say it was a pleasure meeting you. I have interacted with many professionals during my lifetime. I must say you rank among the top. I say this because of the way you come across and the way you conduct yourselves and the way you selflessly treat others in a business transaction. Thank you [Oak Street Properties]. You have been the consummate professional throughout the process.
“… made the process completely painless…”
[Oak Street Properties] was a pure delight to work with. They are extremely friendly, honest and spend time to answer all questions. They made the process completely painless and we even had multiple laughs along the way dealing with our bizarre little property. Oak Street made a very fair offer and we are happy to pass the project on to a local company who will see it through to the next phase. Forget about the \”car salesmen\” on tv. We made the mistake of calling one of those before we found Oak Street. Yuk, leaves a bad taste in your mouth. If you want a great experience with honest, local people who will treat you right, and who will answer the phone when you call (even if you have a lot of questions), give Oak Street a call. You will be thrilled. This whole process should not have been as easy as it was! 5 stars is simply not enough.