Most folks assume that you need a real estate agent if you want to sell a property. But did you know that you can sell your house or investment property in Kansas City, MO, without a real estate agent? While many property owners sell houses in the “traditional” way, many people find advantages in selling without an agent.
At Norton Home Solutions, we specialize in buying houses for cash. We sometimes use a broker’s services, but we—just like you—know that it’s always best to avoid a “middle man.” Buying directly from house owners allows us to offer you the best price. The advantage to you is a hassle-free, quick sale on your property.
Usually, homeowners have to pay 5 or 6% in commission or fees as part of the sale. This figure can amount to many thousands of dollars, depending on the value of your property. So, while it can be useful to use Kansas & Missouri brokers and real estate agents, it’s always best to look for commission-free deals.
How to Sell a House in Kansas City MO Without an Agent
Do you want to save some money on the sale of your house? If so, read on to find out some secrets of the industry. The secret is to avoid paying extortionate commissions on the sale of your Kansas and Missouri house.
When you know one startling fact, you will soon be looking for ways to sell your Kansas house without an agent. What’s this fact?
Half of the commission you pay as the house seller goes to the buyer’s broker. That’s right; you are paying for the agent who is working on behalf of the seller. This fact just doesn’t seem right to many honest homeowners looking to sell their home for top dollar.
Armed with this knowledge, you can work out the value of your home. For example, look through the local listings of comparable properties. If there is a commission in the price, you can assume that six percent of fees make up the amount. So, if a house sold for $250,000, you know that the seller only got $235,000—that’s because the commission was $15,000.
Let’s go through the steps you need to take to sell a Kansas City house without an agent.
1. Value your home fairly
The first step is to value your home at its current market value. Remember that memories, unfortunately, don’t add to your home’s value. Many Kansas City MO homeowners make the mistake of over-valuing their property. You can also take into account that you are saving on at least one agent’s fees. So, this can give you the edge when listing your home on the market in Kansas City.
2. Decide whether to use a buyer’s agent
You may find that you can sell your home for cash to an investor. You should get a fair offer for your home from reputable companies such as Norton Home Solutions. With these cash deals, you don’t pay any commission or fees to anyone.
In Kansas City and other cities in Missouri, you may come across buyers who don’t have an agent. They often forget to calculate in the buyer’s side of the commission. So, if this is the case, there’s no logic in reminding them.
There can be an advantage of getting a buyer’s agent. You can usually sell your home faster by enlisting their help. However, you’ll have to be prepared to offer a 2.5% commission. Although this is a lot of money, if you calculate commission into the price of your home, you’ll have room to negotiates.
3. Use MLS to sell your home without an agent
Most brokers in Kansas City use the Multiple Listing Service (MLS) to access information on properties for sale in Missouri. There they get info on condos, houses, investment properties for sale. Each listing has information on sold prices.
Look for brokers in Kansas City who will only charge you a fee to list your property. This can be as little as a few hundred bucks. Then, you only pay a commission when the house sells. Most folks selling their house in Kansas without an agent have found this to be the most cost-effective way of getting a great deal.
Using the MLS gives you the best online exposure for selling your home. Your house will feature on sites such as Zillow, Realtor.com, Yahoo Homes, and other real estate sites. So, in just a few days, your Kansas City house for sale can be on a ton of websites. What’s more, if you need to sell your house fast, you can pay for advertising upgrades to feature your property more prominently.
Traditional advertising is one way to sell a Kansas City house without an agent. Our experience is such that its an expensive medium without guaranteed results. Your ads aren’t targeted as they are in MLS. Also, methods such as craigslist, yard signs, or newspaper ads are sometimes just a waste of time.
Remember that real estate agents charge a whack in commission because they spend a fortune on advertising.
If you want to sell a Kansas City MO house with a “middle man,” is there a better way?
Avoid Paying Commissions—Sell Your House to Investors for Cash
The best way to avoid paying any fees or commission when selling a house in Kansas City is to sell it for cash. Property investors such as Norton Home Solutions offer fair deals on houses. We also close deals fast—some are closed in as little as three to five days. One thing you can be sure of, you are guaranteed a quick sale on your house.
We are a local company that purchases Kansas City MO houses for cash. Sometimes we fix up the properties and rent them out. Other times, we completely renovate them and sell them to folks who are looking to buy a great home in Kansas City.
If you are thinking of selling your house anywhere in Kansas and Missouri, give us a call. You may be surprised at how easy it is to sell your home without an agent.