If you are trying to sell your house or investment property in McAllen without using a real estate agent, we can help.
Although we do cooperate with real estate agents, 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 commissions is a lot of money. In certain situations, TX 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 McAllen?
There are a few ways to avoid paying high commissions in your TX sale.
First, there’s a tricky custom that you’ve gotta know about.
In most sales in McAllen, 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? It is just what’s usually 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, you need to take that into account when pricing your property.
Do not underprice your property – be aware that a buyer will be expecting to get a discount. If you’re doing the work of one agent, you can expect to save that money.
Sometimes in McAllen, 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. However, you that’s an issue that you may encounter when negotiating your property. You may offer 2.5% to buyer’s agents who will bring their clients to show your property. It’s a lot of money but it may help you sell your house. If you’re pricing your property including that commission, you can always negotiate a better deal for a buyer who comes without a real estate 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 McAllen.
Over 90% of transactions happen through the MLS (Multiple Listing Service), which is a big database that all the brokers in McAllen use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on prices of properties that have sold.
Often you need to pay full commission to get your property on the MLS. However in McAllen, 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 McAllen to the MLS, information on your property will end up on most of the major sites within a few days.
Those sites also sell ads and they offer packages that let you pay to get your house in front of more potential buyers.
All kind of advertising is a gamble. Open houses in McAllen TX can be a fast way to sell your property, and other times they’re just a waste of time. Same happens with Craigslist posts, fancy signs , newspaper ads – they may or may not work.
To be effective you have to market it well your property.
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
At Dolfin RGV we offer fair prices for properties – and we can close fast (in as little as 7 – 10 days if you need to). Sometimes we’ll purchase McAllen 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 TX. We buy all kinds of houses, run down, abandoned, and practically new ones.
We’re local investors based in Mcallen, who care a lot about McAllen and surrounding cities in the Rio Grande Valley.
We close fast and pay cash in as little as just 7-10 days or we can work on your timeline. Give us a call now at (956) 904 5234 or fill out the short form over here.