You're undoubtedly dreading paying a real estate commission if you're thinking of selling your property. You may be wondering if there is any way to avoid having to pay it. After all, the total commission is usually around 5-6 percent of the selling price, so if your home sells for $250,000, you'll lose roughly $15,000 in fees.
If that's money you don't want to part with, the Elite Properties team is here to explain how commission works and how you may avoid paying it.
How Does A Commission Work?
Real estate commissions are deducted from the home's sale price, as you are already aware. Although the fee is paid by the buyer, the money would otherwise go to the seller. Typically, the buyer's agent receives half of the commission and the seller's agent receives the other half.
Real estate brokers will occasionally agree to different payment structures (such as a flat fee) or a lesser percentage (typically for a high-end home), although this is more the exception than the rule. Paying a commission is always expensive, regardless of the terms of the arrangement. Sellers may be required to pay additional fees in addition to commission to cover additional marketing costs.
Getting Rid of The Commission:
Of course, listing FSBO (For Sale By Owner) is one option to avoid paying commission—but that just eliminates commission on the seller's agent's side. Many agencies will refuse to show your home to potential purchasers if you refuse to pay a commission to buyer's agents.
Your buyer pool will be quite small if you solely work with unrepresented clients. You'll almost certainly have to deal with a large number of folks who aren't serious about purchasing.
Is it possible to sell a house without paying a commission?
All of this begs the question: Is it possible to sell a home without paying a commission? The answer is a resounding YES.
There are no commissions or fees when you sell to Elite Properties.
We provide home sales with no commission. When you work with us, we'll make you a cash offer on your house the same day, no questions asked.
A commission isn't the only thing you avoid when you cooperate with us. You can sell your house using the following methods:
No repairs: Even if your house is in good shape, it will almost always need to be repaired before it can be sold. This is both costly and time-consuming. We at Elite Properties are unconcerned about these fixes. We'll buy your house as-is, whether it needs major renovations or minor ones.
There will be no showings or open houses: You don't have to keep your house immaculate and ready for visitors all of the time. We work around your schedule rather than you working around the schedules of possible purchasers.
No need to wait: we'll schedule a same-day meeting to make you a reasonable cash offer. You can even specify the exact day of your closure!
There are no headaches: Selling to us is simple and straightforward from start to finish. Every step of the journey, we'll be there for you. In many cases, we can even assist you with packing and moving. When we say we buy properties for cash and as-is, we mean it. No repairs, no inspections, no open houses, no agent fees, and a quick closing are all options for selling your home.
Working With Elite Properties Entails The Following Steps:
We are the best company to work with if you want to avoid paying commission. We take pleasure in offering a stress-free selling experience that allows you to move out swiftly without having to renovate, stage, or market your home.
We'd love to show you how simple it is to sell your house in Washington, D.C., Maryland, Virginia, or Pennsylvania. Please contact us right away for a quick and reasonable cash offer.