We can help you sell your house or investment property in Denver without using a real estate agent.
Brokers are helpful, but sometimes it’s better to avoid paying someone to act as a middleman.
A commission of 5-6% on the sale of a property is a lot of money. It is possible for Colorado brokers and real estate agents to be very useful and earn their commissions in certain situations. No, not always.
How do I sell my house in Denver without an agent?
Your Colorado sale can be made without paying high commissions.
To begin with, you need to understand a tricky custom.
Approximately half of the commission you pay as a seller goes to the buyer’s broker in Denver. So, the seller is paying both sides of the commission when you list with a broker. Or in other words, you will be paying your broker (of course) but you will also be paying the broker of your buyer.
That doesn’t make much sense, does it?
What are the benefits of paying for the agent on the other side?
Actually, it defies logic – it’s just how things are usually done.
There are a few ways in which you can take advantage of that.
Consider the commissions paid when comparing comparable sales. Take into account whether properties similar to yours sold for prices that included commissions.
Be aware that a savvy buyer may expect to take a discount too if you underprice your property. That money can be saved if you do the work of one agent.
If you don’t want to pay the buyer’s side commission, don’t remind buyers who aren’t represented by an agent to negotiate it out of the price for themselves. Just don’t be surprised if it comes up during the negotiation.
Consider offering 2.5% to buyer’s agents who bring their clients to view your property. Yes, it’s a lot of money. If you price your property including that commission, you can always negotiate a better deal for a buyer who doesn’t have an agent.
In contrast, if you don’t include the buyer’s agent’s commission, you’ll exclude most of the buyers in Denver.
MLS stands for Multiple Listing Service, and over 90% of transactions are handled through it. Brokers in Denver use this database to access information about houses, condos, land, and investment properties for sale, along with sold prices.
It used to be that you had to pay a full commission to get your property listed on the MLS. Now in Denver, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you spend a few hundred bucks and you only pay a commission if the sale closes.
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 Denver 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 Denver Colorado 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.
Your property needs to be well marketed if you want to sell it on your own.
Before the market changed, selling a house was a pretty quick process. Buy now that has changed as it moved from a Seller’s market to a Buyer’s market. Posting fliers and signs around your neighborhood can generate some calls, and you can post information on a lot of free websites. Flyers and open houses alone aren’t enough if your house doesn’t appeal to the average home buyer.
Since agents have to spend a lot of money up front to advertise your property, they charge high commissions. Obviously, they’ll make good profits if they sell lots of houses by advertising many properties at once.
Ads for certain properties might require thousands of dollars in advertising before the right buyer comes across them.
Alternatively, you can sell your house directly to investors like us without paying any commissions
If you are asking yourself, “How Do I Sell My House Without An Agent in Denver?”, consider selling directly to a cash buyer. Our prices are fair, and we can close quickly (in as little as 3-5 days if necessary).
We sometimes buy houses in Denver, fix them up, and then rent them out… we sometimes fix them up and sell them to other people looking for great homes in the area – but we love to hear from people like you who are thinking of selling anywhere in the state.
Denver is important to us as investors.
New Again Houses Denver buys houses in all shapes and forms. If you need to sell your house or inherited an unwanted property, give us a call at 720-505-3968. We’ll get in touch with you as soon as possible to get more information about the home, and to set up a time to walk through it. We typically can schedule a walkthrough within 24 hours of speaking since we are a local Colorado company. As soon as we have evaluated the property in person, we can determine a fair offer (typically within 24 hours) and close quickly.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at 720-505-3968 or fill out the short form over here.