There are several different options for selling your home without a realtor in New York, so don’t feel like using a listing agent is your only option.
Many people think the only way to sell a house is to list with an agent, but the real estate business has come a long way since your parents sold their first home. Let’s take a look at some of the best strategies for selling your home without paying 6% in commissions.
For Sale By Owner
Houses listed FSBO or for sale by owner are becoming more popular. According to the 2018 Profile of Home Buyers and Sellers from the National Association of Realtors, FSBO homes often sell more quickly than homes listed by an agent because the buyer and seller know each other, but that’s not always the case. Selling a $400,000 house on your own without using a realtor could save you as much as $24,000 in commissions, which equates to the 6% typically charged by the buyer’s and seller’s agents.
This strategy is an excellent option for homes that will sell quickly. If your home is in good condition and doesn’t have anything too funky going on, this could be the right choice for you.
Sell to a Cash Buyer
Selling your home without a realtor isn’t always as easy as it sounds, especially if you’re going the FSBO route. There’s a lot of paperwork, legal terminology, and time invested in staging, showing the house, hosting open houses, and negotiating offers. The good news is that there’s another option: selling your home to a cash buyer.
This strategy works best for homes that might be more difficult to sell by listing on MLS. These homes might be in poor condition, in a less-than-desirable location, or be highly customized. Companies that buy houses for cash often specialize in homes like this, and selling to them is significantly easier than selling your home FSBO.
This strategy is also a great option if your home is in pre-foreclosure, you’re having trouble paying your mortgage, or you have an unwanted rental property. Most cash buyers will buy houses in any condition, and they can close much more quickly than traditional buyers because they don’t need to wait on a bank for financing.
WNY Home Buyers is Here
Are you ready to sell your New York home but aren’t keen on paying realtor commissions? Selling your home without a realtor is now easier than ever, thanks to WNY Home Buyers. We’ll buy your house in Niagara Falls, New York, and the surrounding areas for cash. There’s no need to go through the extensive staging and listing process when you sell to us, and you won’t pay a penny in fees or commissions. Simply tell us a bit of your home, and we’ll make you a fair offer in as little as 24 hours. We can close on any day you choose, and you’ll walk away with cash in hand. It really is that easy! Contact WNY Home Buyers today to get your offer.