If you’re looking to sell your house or investment property in Oklahoma City without using a real estate agent, we can help.
Although we do cooperate with brokers, sometimes it’s best and cheaper to avoid the “middleman.”
After all, paying 5-6% of the sale of a property in commissions is a lot of money. In certain situations, Oklahoma brokers and real estate agents can be very useful and earn their commission. But, not always.
How Do I Sell My House Without An Agent in Oklahoma City?
There are a few ways to avoid paying high commissions on your OKC home sale.
First, there’s a custom that you need to know about.
With most sales in Oklahoma City, and across the nation, roughly half of the commission (3%) you pay as the seller goes to pay for the buyer’s broker.
First, factor in the commissions paid when looking at comparable sales. If 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 Oklahoma City, buyers who aren’t represented by an agent won’t remember to negotiate the buyer’s side commission out of the price for themselves. 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 OKC housing market.
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Oklahoma City 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 Oklahoma City, there are a few brokers who will charge you a fee just to list your property on the MLS. You often spend a few hundred bucks and 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 Oklahoma City 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 Oklahoma City Oklahoma can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, craigslist postings, and 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 are 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 upfront 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 Oklahoma City 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 Oklahoma.
When you sell your house to an investor, you can avoid the hefty commission fees that come with working with a real estate agent. Investors are typically willing to pay cash for your house, which means you can avoid the traditional real estate process altogether and sell your house quickly and easily.
Not only can selling to an investor save you money, but it can also save you time and hassle. You don’t have to worry about making repairs or staging your house to impress potential buyers. Investors are typically looking for properties that they can fix up and flip, which means they’re not as concerned with the condition of your house.
And now, for the humor. Selling your house to an investor can be a great opportunity to inject a little bit of humor into the process. For example, you could list your house for sale with a sign that reads, “For Sale: Slightly Used House (But the Memories are Free!)” Or, you could include a funny note in your listing description, like “This house has seen it all, from the Great Flood of ’99 to the Great Pizza Party of 2020. But now, it’s time for a new family to make their own memories.”
When negotiating with potential investors, you could even offer to throw in a few extra perks to sweeten the deal. For example, you could promise to leave behind a secret stash of snacks hidden somewhere in the house, or offer to throw in a year’s supply of bubble wrap to help the investors move their belongings safely.
In conclusion, selling your house to an investor can be a great way to avoid commission fees and save time and hassle. And with a little bit of humor, you can make the process even more enjoyable. So go ahead, list your house for sale with a funny sign, and see what happens. Who knows, you may just find the perfect investor to buy your house and make some new memories of their own!
We Buy Houses in Moore, OKC, Norman, Tuttle, Blanchard, Mustang, Purcell, Newcastle, Edmond, Lindsay, Yukon, Noble, Duncan, and many other cities across Oklahoma.
There is an easy way to sell your house fast. Sell your house directly to us and skip the hassle of showings, appraisals, realtors, long waiting periods, repairs, fees, etc. We are home cash buyers in Oklahoma City, OK that buy houses fast in any condition or situation. If you need to sell your Oklahoma City home or surrounding area home to a reputable home buyer. Call us, fill in the form below, or visit our home page to learn more. We are friendly, fair, honest, and happy folks who enjoy helping others just like you.