If you’re looking to sell your house or investment property in Durham NC without using a real estate agent, we can help.
Although we use agents to sell the home we buy and renovate in Durham, sometimes its best to save 6% on the commission. This is especially true if you don’t have a lot of equity in your home.
How Do I Sell My House Without An Agent in Durham?
There are a few ways to avoid paying high commissions in your Durham NC sale.
First, is to sell your house by owner and cut out brokers entirely. There are plenty of online resources such as ForSaleByOwner.com and FSBO.com that have services for homeowners wanting to sell themselves.
Second, the buyer and the seller usually have their own agent to represent them. The commission between these two agents is usually split 50/50. If you decide to sell your own home consider offering 3% to a buyers agent to bring you a buyer. This will cut your commission cost by half and increase the chances of finding a qualified buyer more quickly.
Over 90% of transactions happen through the MLS (Multiple Listing Service). It’s the main database that all the brokers in Durham, and nationally, use to access information for their clients on the properties for sale, along with data on the sold prices.
All the major real estate search sites like Realtor.com, Zillow, Redfin, etc. get data from the MLS. They get a ton of search traffic and you can post your home for sale on their site for free.
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.
Consider holding your own open house. Sometimes open houses in Durham NC can be effective in finding a buyer for your home. Although they have become less relevant since the advent of the internet, they don’t cost much. The same is true with craigslist postings, yard, and street signs, they are hit and miss, but also cost-effective.
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 pay fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Durham 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 NC.
We’re investors who care a lot about Durham.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (919) 646-6797 or fill out the short form over here.