Don’t want to use a real estate agent or broker to sell your unwanted house? Not a problem, we are here to step in and help!
While we do collaborate with brokers, there are occasions when bypassing the payment of an intermediary is more profitable.
Considering that shelling out 5-6% of the property’s sale value for a commission is a substantial sum, there are circumstances where brokers and real estate agents in the Hudson Valley NY area can indeed be beneficial and justify their commission. However, this is not always the case.
How Do I Sell My House Without An Agent in the Hudson Valley NY Area?
If you’re looking to sell your house fast in the Hudson Valley NY area, there are a handful of strategies to help you avoid paying high broker commissions.
For starters, we need to understand how real estate commissions truly work.
In the majority of the Hudson Valley NY home sales, or any other real estate transition, half of the commission that you pay will go to the buyer’s brokerage.
That doesn’t sound too good, does it? Why would that be the seller’s responsibility?!
Frankly, it seems illogical – yet it’s the customary practice.
You can leverage this insight in several ways.
Make sure that when you are evaluating comparable sales, you are considering both sides of the commission (buyers & sellers) that you will need to pay at closing if you have hired an agent to represent you.
Certainly make sure you price your property accordingly—and don’t undervalue it. It’s possible that the seller will already be looking to negotiate for a lower price anyway.
If you won’t be hiring an agent, make sure you consider that. Alternatively, if the buyer doesn’t have agent representation, they may ask for a price reduction of 2-3% to account for that. It may come up in negotiation.
If you plan to sell your home yourself without the use of an agent, you may want to offer 2-3% for the buyer’s agent. They will be more incentivized to bring you their clients and get the deal closed! If you don’t do this, you may be inadvertently excluding most of the buyer’s throughout the Hudson Valley NY area.
Only 10% of real estate sales occur off market and the other 90% happen through the traditional MLS (or Multiple Listing Service). It’s the main database and network that brokers throughout the Hudson Valley NY use. The MLS contains all types of information on listed, sold, and pending properties.
Listing on the MLS with a real estate broker will generally cost between 4-6% of the sales price (not including closing and other costs).
The big real estate websites like Zillow, Realtor.com, Trulia, etc. all will pull data from the MLS. If you list your house with an agent on the MLS, it will certainly appear on those websites within a matter of hours.
Those websites will make money through advertising. They also offer packages that you can pay for to enhance your property listing to make it more attractive to buyers.
Marketing yourself is definitely a gamble. If you do, you can try to coordinate an open house yourself. Sometimes they are a waste of time, but if they are done right it can be very effective. Same with newspaper ads, Craigslist postings, signage, etc.
You have to hone in on your marketing strategy in order to effectively sell your property yourself.
Distributing flyers and erecting signs in your vicinity can yield some inquiries, and utilizing various free websites to disseminate information can also be effective. However, relying solely on these methods may fall short, especially if your property doesn’t captivate the typical homebuyer’s interest.
In principle, real estate agents levy substantial commissions to offset their initial expenditure on advertising your property. By promoting multiple properties simultaneously, they anticipate an influx of inquiries, ultimately reaping significant profits through the sale of numerous houses.
Specific properties could necessitate thousands of dollars in advertising expenditure before the suitable buyer coincidentally encounters the advertisement and initiates contact.
To avoid hefty commissions and closing costs, you can also sell your house to investors like us!
We offer fair prices for any type of property—and are completely flexible with closing timelines. We can close quickly within 30 days or schedule according to what works best for you.
Occasionally, we acquire houses in the Hudson Valley NY area, refurbish them, and subsequently lease them out. On other occasions, we refurbish and vend them to prospective homeowners seeking exceptional residences in the vicinity. Furthermore, we engage in these activities for a multitude of other reasons. We are eager to connect with individuals such as yourself who are contemplating selling property anywhere throughout the Hudson Valley NY area.
We’re investors who care a lot about Hudson Valley NY.
We make the process as hassle-free as possible, don’t charge commissions, and cover traditional closing costs.
Give us a call now at (845) 467-9129 or fill out the short form on our website! (
fill out the short form over here.)
Sell Your Hudson Valley NY House Fast – Get An Offer Today
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