The cost for a homeowner to sell with a real estate agent/broker can cost you up to 6% OF YOUR HOME! It’s no wonder, if you submitted your info on Realtor.com or Zillow, that you’ll receive dozens if not hundreds of calls from prospective realtors. To get your home listed on Realtor or Zillow includes the process of getting into the MLS or Listing Service.
Because agents take a massive commission when they sell a house, one begs to ask the question:
Can You Sell a Home on Your Own and Pocket and Save the Massive 6% Charge?
Little do people know that you can actually pay a flat fee mls cost and sell directly to potential buyers without having to deal with an agent!
First off, 6% of the average $250,000 home is $15,000. Do that math here, and you’ll see that Real Estate is one of opportunity whenever it comes. If you have the time to take pictures of your house (in an orderly fashion), you may find the listing with a Flat Fee MLS is something right up your alley.
Realtor.com and Zillow, among other real estate listing sites, are wildly popular and are a massive source of house searches these days. Sure, you can capture even more updated listings on a Real Estate companies MLS system. And yes, paying for a Flat Fee MLS you’ll be listed on these services, but be wary of any potential Real Estate Agent looking to jump aboard selling your home for you.
Opendoor: Real Estate Agent’s worst nightmare come true
Another alternative to avoiding high fees would be to sell to the latest Real Estate app called Opendoor. Opendoor acts as a standalone real estate brokerage where you can sell (or buy) a home fairly quickly and not have to worry about house showings.
They say they’ll offer a competitive rate for your home, and we can’t vouch for that just yet, but it’s unique, and to be honest…and obvious innovation that was sure to come within Real Estate.
If you have Bluetooth and Wi-Fi enabled locks these days, why in the heck do you need an agent to show you home anymore? With Opendoor, use an App to see available homes!
Selling the home on Opendoor will include a complete assessment including inspection, potential repair costs, and more and include those into the final offer. While the app only operates in several rural based areas, we can see this one expanding over the years, and perhaps change the Real Estate landscape for good.
The cast against: Paperwork
For a buyer to afford your potential home, they’ll likely take out a mortgage. Along with title and closing documents, this is where paperwork and the legality of things come in. Fret not! Along with plenty of Real Estate Agents, there are tons of Real Estate Lawyers out there willing to help out, for a lot less than 6% of your home.
Better yet, use Thumbtack to find a highly rated Real Estate Lawyer and speed the process of finding the right people to take care of you!