We buy houses in Mt Lebanon Pennsylvania. As homebuyers in PA, we can help you sell your home or investment property in Mt Lebanon PA without using a real estate agent.
Although we do cooperate with brokers, 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 a commission is a lot of money. In certain situations, Mt Lebanon PA 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 Mt Lebanon PA?
There are a few ways to avoid paying high commissions in your Mt Lebanon, PA sale. First, there’s a tricky custom that you’ve gotta know about. In most sales in Mt Lebanon PA, 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? Truthfully, it defies logic – it’s just what’s typically 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, take that into account.
Don’t Underprice Your Mt Lebanon Property
It is important to be aware that a knowledgeable buyer may expect a discount when purchasing a property directly. By taking on the responsibilities typically handled by a real estate agent, you can anticipate saving money that would have been spent on agent commissions.
In some cases, buyers in Mt Lebanon PA who do not have their own agent may not remember to negotiate the buyer’s side commission out of the price. If you prefer not to pay the commission, it’s not necessary to remind them, but be prepared for the possibility of it coming up during negotiations.
To attract more potential buyers, you may consider offering a commission of 2.5% to buyer’s agents who bring their clients to view your property. While this may involve a significant cost, if you have factored it into your pricing, you can still negotiate a favorable deal with a buyer who doesn’t have their own agent.
However, if you do not leave room for the buyer’s agent’s commission, you may exclude a significant portion of potential buyers in the Mt Lebanon PA market who rely on agent representation. Finding the right balance between pricing and accommodating buyer’s agents can help ensure broader market appeal for your property.
Over 90% Of Transactions Happen Through The PA MLS
The Multiple Listing Service (MLS) is a central database utilized by brokers in Mt Lebanon PA to access comprehensive information on properties for sale, including houses, condos, land, and investment properties. It also provides data on sold prices, allowing for accurate market comparisons.
In the past, accessing the MLS required paying a full commission. However, in Mt Lebanon PA, there are now brokers who offer the option to list your property on the MLS for a fee. Typically, you only pay a commission if the sale successfully closes. Compared to traditional advertising methods like newspaper ads, utilizing the MLS is a cost-effective way to market your property to a wide audience.
Notably, major real estate search sites such as Realtor.com, Zillow, and Yahoo Homes rely on MLS data. When you submit your listing to the MLS in Mt Lebanon PA, it is likely that information about your property will be disseminated to these prominent platforms within a few days.
It is important to note that these real estate search sites offer advertising options for sellers. These packages provide opportunities to enhance your listing, feature it prominently in search results, and utilize other marketing tools that may capture the attention of interested buyers. It is up to you to decide whether these additional features align with your marketing strategy and budget.
Advertising Is A Gamble In Mt Lebanon PA
Sometimes open houses in Mt Lebanon PA can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, Craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.
To effectively sell your home 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 property 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 upfront to advertise your home. 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.
Sell My House In Mt Lebanon PA
If you want to avoid paying any commissions, you can also sell your house in Pittsburgh PA to investors like us for CASH! We’re professional Pennsylvania home buyers who offer fair prices for properties and can close fast (in as little as 3-5 days if you need to).
Sometimes, we’ll purchase Mt Lebanon PA properties, fix them up, and 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 Pennsylvania.
We’re investors who care a lot about Mt Lebanon PA. We close fast and pay cash for houses in Mt Lebanon and other areas in PA in as little as just 3-5 days. Give us a call now at (412) 688-6311 or fill out the short form over here.