If you’re looking to sell your house or investment property in Wichita without using a real estate agent, we can help.
We work with agents and know the importance of using them. However, if you’re looking to save on commission and sell your house fast for cash in Wichita Ks then they aren’t what you’re looking for.
After all, paying 5-6% of the sale of a property in a commission is a lot of money. In certain situations, KS 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 Wichita?
There are a few ways to avoid paying high commissions in your KS sale.
It’s important to understand how the commissions work for buyers and sellers.
In most sales in Wichita, 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 and unfortunately it’s just what’s typically been done for decades.
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 property – be aware that a savvy buyer may expect to take a discount too. If you’re doing the work of one agent, you can expect to save that money.
Sometimes in Wichita, 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. Just don’t be surprised if it comes up during the negotiation.
You may want to consider offering 2.5% to buyer’s agents who will bring their clients to show your property. Sure, it’s a lot of money. If you’re pricing your property including that commission, you can always negotiate a better deal for a purchaser who comes without an agent.
Since most buyers work with an agent, if you don’t leave room for their commission then you’ll be excluding a large majority of the buyers in the market in Wichita, and surrounding areas.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Wichita use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Once upon a time, you had to pay a full commission to get your property on the MLS. Now in Wichita, there are a few brokers who will charge you a fee just to list your property on the MLS. Luckily we’ve partnered with One Link Homes and have access to a local MLS on their website. This way all of the home owners looking to sell their home fast for cash in Wichita get to have as much information as possible before making a decision.
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 Wichita to the MLS, information on your property will end up on most of the major sites within a few days.
Each of those sites sells ads. They’ve got packages that let you pay to enhance your listing, feature it at the top of the search, and a lot of other bells and whistles that might or might not get an interested buyer to buy your property.
Advertising is a gamble. Sometimes open houses in Wichita KS can be a great way to sell a property, and sometimes they’re a waste of time. We’ve seen open houses where not a single person walks through the house in the two hour window that’s provided. Same with newspaper ads, craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.
To effectively sell your property 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 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 to generate more leads– and obviously, they’ll make good profits by selling lots of houses. They list properties for sale to not only sell a house but also to pull in leads that go on to buy other houses.
Certain properties might require thousands of dollars in advertising expenses before the right buyer happens to see the ad and call. Luckily at Wichita Home Link we buy houses in Wichita Ks and the surrounding areas so you don’t have to worry about putting it up on the market.
If you want to avoid paying any commissions, you can also sell your house to investors like us for 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’ll purchase Wichita houses, fix them up, then sell them to home buyers looking for a remodeled home they don’t need to put any work into, we also keep a few to rent out… and a lot of other reasons, too – but we love to hear from people like you who are thinking of selling anywhere in KS.
We’re investors who care a lot about Wichita.
We buy houses in Wichita Ks, paying cash and closing fast, in as little as just 3-5 days. Give us a call now at (316) 258-0650 or fill out the short form over here.