Yes. If you’re looking to sell your house or investment property in Miami without using a real estate agent, we can help.
Even though we do cooperate with brokers, sometimes it’s best to avoid paying a middle man. There can be times when Florida brokers and real estate agents actively earn their commission, but it’s somewhat inconsistent.
So, How Should I Sell My Miami House Without An Agent?
A few ways exist that allow you to avoid high commission fees in Florida. First, you need to be aware of one particularly odd custom. Many people are unaware that roughly half of the commission you pay as the seller goes towards the buyer’s broker.
Why should you have to pay for the agent on the other side of the deal as well? In all honestly, there’s no logic behind it – it’s just what’s typically done.
First, when you’re looking at comparable sales, factor in the commission. If you notice that similar properties sold at a price that included a commission fee, take that into account.
Don’t underprice your property!
Be aware that a savvy buyer may expect a discount on top. If you’re doing the work of one agent, you can expect to save that money. Plus, sometimes, buyers who represent themselves will forget to negotiate their side of the commission and consider this into the final price. If you’ve noticed that they haven’t remembered, don’t remind them. Just don’t be surprised if it comes up during negotiations.
For agents who will show off your property to their clients, you may want to consider offering a 2.5% commission to the agent. Sure, it’s a lot of money. However, if you include the commission in the sale price of your home, you can always negotiate a better deal for a purchaser who isn’t represented by an agent.
Plus, if you don’t take into account the agent’s commission from the buyer’s side of the table, you’ll be excluding almost all of the buyers in the Miami market.
Multiple Listing Service
Over 90% of all transactions occur on the MLS database (Multiple Listing Service). This is a database that all Miami brokers use to access information regarding their client’s houses, condos, land, and investment properties for sale, along with data showing the price properties have sold for.
In the past, it was necessary to pay commission in full to get your property listed on this database. Now thankfully, there are a few brokers in Miami who will only charge a listing fee costing a few hundred bucks. You will only pay a commission if and when the sale closes.
Although a few hundred dollars might sound expensive, listing your property on the MLS database is far cheaper than the cost of a newspaper ad. Plus, MLS also markets your house to a broader audience.
When you submit your listing on the MLS in Miami, it’s highly likely that information regarding your house will be viewable on most major sites within just a few days.
Also, each of those sites has features that let you boost your advert’s engagement. You can pay to enhance your listing and have it showcased at the top of the search bar. Alternatively, there are plenty of other fancy extras that might or might not encourage more interest in your property.
Adverts are a gamble. Sometimes they work, sometimes they don’t. Newspaper ads, craigslist postings, and fancy signs – there are many ways to advertise a property on the market. Open houses in Miami Florida can also be a great way to attract attention; other times, they’re a complete waste of time.
Effective And Successful Marketing Is Crucial To Selling Your Property On Your Own.
Putting up flyers and signs around your neighborhood can generate calls, and there are a lot of free websites that allow you to post information. But more often than not, putting up flyers and an open house isn’t enough, especially if your home is not appealing to the average homebuyer.
In theory, real estate agents charge high commissions because they have to spend a lot of money on advertising upfront. Remember, the more properties an agent can successfully list and sell, the more they’ll make in commission.
However, for certain houses, it might take thousands of dollars in advertising costs before the right buyer comes along.
If this all sounds like too much hassle and you want to avoid paying overly high commission fees, then you might want to consider selling your house to investors like us for quick and easy CASH.
We offer fair prices for properties, and we can close fast (in as little as 3-5 days if you need to).
Sometimes we purchase Miami houses, take on the costs of any repairs, and then rent them out. Other times we’ll renovate and sell the property on to other people looking for a great home.
We buy houses specifically in the Miami area and all around Florida. Please get in touch if you’re thinking of selling your home anywhere in Florida, we would love to hear from you.
We’re investors who care a lot about Miami.
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