If you’re wondering “How do I sell My house without an agent in Ohio” and you are looking to sell your house or investment property in Ohio without using a real estate agent, we can help.
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, Ohio 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 Ohio?
When it comes to selling your home in Ohio, one of the biggest concerns for most sellers is the high cost of commissions. Real estate commissions can quickly eat into your profits, leaving you with much less than you expected. But here’s the kicker—there’s a little-known custom in the real estate world that often goes unnoticed by sellers. This custom involves how commissions are split, and it’s crucial to understand it if you want to avoid overpaying.
In most real estate transactions in Ohio, the seller is responsible for paying the commission fees for both their own agent and the buyer’s agent. This means that roughly half of the total commission you’re paying is actually going to the buyer’s broker. So, even though you’re the one selling the house, you’re also subsidizing the cost for the person buying it. This arrangement might not seem fair, especially when you consider that it can significantly reduce the amount of money you walk away with at closing.
But there’s more to the story. Not only are you paying for both sides, but these commission rates are often set by tradition rather than true value. The standard commission rate has been around for decades, and many sellers simply accept it without realizing that there are alternatives. By understanding this custom and exploring other selling options, you can potentially save thousands of dollars. Whether it’s negotiating a lower commission rate, opting for a flat-fee service, or even selling your home without an agent altogether, you have choices that can help you keep more of your hard-earned money. And at Property Peace, we specialize in helping homeowners like you explore these options and find the best path forward. Our innovative approach allows you to sell your home quickly, efficiently, and without the burden of high commissions.
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 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 Ohio, 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.
On the other hand, if you don’t leave room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in Ohio.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Ohio 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 Ohio, 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 Ohio 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 Ohio 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 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 – 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.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
We fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Ohio houses, fix them up, 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 Ohio.
We’re investors who care a lot about Ohio.
When trying to understand “how do I sell my house without an agent in Ohio”, it’s crucial to consider all your options to get the best deal. At Property Peace, we offer a unique approach that stands out in the market. Unlike traditional methods, our process gives you full control over the sale. We understand that every homeowner’s situation is different, which is why we tailor our services to meet your specific needs.
One of the standout features of our service is the use of advanced technology and multiple financial partners to provide you with multiple offers, some even higher than the current market value of your home. This means you can choose the offer that best suits your financial goals, without the hassle of negotiations or unexpected surprises.
Additionally, we believe in rewarding our clients. When we visit your property, we bring a $25 gift card as a token of our appreciation. And when you close with us, you’ll receive $500 upfront, adding even more value to the transaction. Our commitment to transparency and efficiency ensures that you can sell your house quickly and at a top price, all while avoiding the fees and commissions associated with real estate agents.
With Property Peace, you can sell your house as-is, without the need for repairs or cleaning. We handle everything for you, making the process smooth and stress-free. Whether you’re facing foreclosure, a divorce, or just need to sell quickly, our service is designed to give you peace of mind. Visit our website to learn more and see how we can help you achieve your selling goals.
We close fast and pay cash in as little as just 3-5 days. Give us a call now at 614-810-7355 or fill out the short form over here.