We live in a world where everyone does everything without expensive expert service providers. People trade stocks without a stockbroker. People create wills and trusts without attorneys. Many even remodel homes without contractors. As independent as everyone is, why wouldn’t you want to look at the benefits of “selling your house without an agent in Oak Cliff, Texas?”
Real estate agents cost money. It’s that simple. In many cases, it’s a lot of money. when selling your Oak Cliff house, a real estate transaction can cost six percent of the final property sales cost. If a property sale price is $500,000, this can cost sellers $30,000. This amount is split between both the buyer’s and seller’s agent. Then there are realtor fees that you will pay as well.
See, when yo are selling your house in Oak Cliff, the real estate agent will take a fee when he/she has to find contractors to make repairs to your house. Depending on how many contractors come out for bids, depends on how much the realtor receives in fees from you. Then the realtor will get paid fees, from you to make maintenance or lawnscape projects. You do have to have good curb appeal to sell a house.
This is a considerable amount that is taken from the final sale price. If a seller still has high mortgage balances that needs to be paid off, eliminating commission costs is a huge advantage. Just increase net profits is attractive to sellers. Keep in mind, just because you don’t have an agent as a seller doesn’t mean you can preclude the buyer from having an agent.
So when you are selling your Oak Cliff house, be sure to find a professional cash buyer who you will not have to pay any commissions to.
Most sellers end up paying between two to three percent to the buyer’s agent in self-represented sales. However, if you are new to real estate sales, the buyer’s agent might try to negotiate a bigger commission because he will most likely be doing work on both ends of the transaction to make up for your lack of experience and understanding.
Even though you can’t force the buyer to not have an agent, it doesn’t become negotiating power to say you are more flexible in the price if there is no outside representation. Buyers might feel they are able to negotiate a better price without an agent because they know the amount of savings in the transaction.
When you do find a cash buyer, you can negotiate the price when you are selling your Oak Cliff house.
Beyond negotiating the sale price, sellers might feel they are more qualified to sell and negotiate the transaction than an agent. Sellers well versed in real estate transactions might be comfortable walking through the process and negotiating items at different points in the escrow process. When a seller is comfortable dealing with a buyer or buyer’s agent, he can save at least three percent of the commissions by representing himself. Many people selling an Oak Cliff house, have found that works for them as well.
It is also possible that the transaction is very straightforward. Selling a house in Oak Cliff, today can be simple. Perhaps it is a new construction or being sold as is and the seller isn’t willing to negotiate on anything. Buyers can come in and make an offer without expectation for repairs or credits. Sellers set with their price and able to provide all disclosures and documents properly might not see a need for agent representation.
Though some sellers find it difficult to negotiate, thinking that they will also be paying the mortgage, home owners insurance, the utility bills and on. They get side tracked by the thought of all these things.
Keeping Things Personal
There are times when a transaction is among well-known parties. Well-known could be family members, close friends or even business partners. In cases like this where everyone is clear who the parties are and what to expect in the sale, there may not be a need to bring on an agent. Of course, there needs to be a lot of trust among all parties in this type of transaction when selling your Oak Cliff house.
Even when parties to a sale know each other, legal sale requirements must be followed. Adhere to all Oak Cliff codes for disclosures and timelines. The last thing you want as a seller representing himself is to find yourself in a legal battle down the road for a property you thought you no longer had any ties to. Follow the rules to avoid legal ramifications and penalties.
If you are unsure about whether or not you should be selling your house in Oak Cliff, don’t hesitate to send us a message. We can help you decide whether you should use an agent or sell your property directly! Call today! (214) 723-1304.
When you are selling an Oak Cliff house, we can take you from Cash offer to the Title Company closing table in 5 days if needed, or on your time line, which ever works for you. It’s not always good to negotiate selling your house yourself, and then using a real estate agent can be a bit confusing for some. Considering the fact that an agent will charge you fees for find contractors is upsetting, but that does happen. So be prepared for it when you’re selling your Oak Cliff house. Or, give us a call and we can help by purchasing your house with cash.