If you’re considering selling your mobile home or investment property in Riverside without using a real estate agent, we can help you.
Although we do work with agents, sometimes it’s best to avoid paying a commission.
After all, paying 5-6% of the sale of a property in a commission is a big cost. In certain situations, CA brokers and real estate agents can be very useful and earn their commission, but not every situation is the same.
How Do I Sell My Mobile Home Without An Realtor in Riverside ?
There are a few methods to avoid paying high commissions in your CA sale.
First, there’s a tricky practice that you’ve gotta know about.
In most transactions in Riverside , about half of the commission you pay as the seller goes to pay for the buyer’s broker.
Doesn’t make much sense, right?
Why should you pay for the agent on the other side of the table?
Honestly, it defies logic – it’s just what’s typically done.
One can use that to their advantage in a few ways.
First, take into account the commissions paid when you’re looking at the comparable sales. If the properties similar to yours sold for prices that included commissions, put that into the equation.
Don’t underprice your property – just know 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 cost.
Sometimes in Riverside , buyers who aren’t represented by a licensed 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 think about offering 2.5% to buyer’s agents who will bring their clients to show your mobile home. 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 realtor.
On the other hand, if you don’t leave room for the buyer’s agent’s commission, you’ll be leaving out most potetntial buyers in the market in Riverside .
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the primary database that all the realtors in Riverside use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Years ago, you had to pay a full commission to get your property on the MLS. Now in Riverside , 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 low-cost way to market your property to a very wide audience.
All the big real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. get data from the MLS. Chances are great that when you put your listing in Riverside to the MLS, information on your property will end up on most of the major sites in less than a week.
Every one of those websites sells ads. They’ve got packages that let you pay to increase your listing, place it at the top of the search, and a lot of other bells and whistles that might or might not get a potential buyer to purchase your property.
Advertising is a risk. Sometimes open houses in Riverside CA can be an effictient way to sell a property, and sometimes they’re a waste of time and resources. 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 mobile home park 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 regular home buyer.
In theory, real estate agents charge big commissions because they have to spend a lot of money up front to market your property. By advertising lots of homes at once, they expect to get more traffic – and obviously, they’ll make good profits by selling lots of houses.
Certain properties might require thousands of dollars in advertising costs before the right buyer happens to see the listing and call.
If you want to avoid paying any commissions, you can also sell your property to investors like us for CASH
We offer fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).
Sometimes we’ll purchase Riverside houses, rehab them, 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 homeowners like you who are considering selling anywhere in CA.
We’re investors who care a lot about Riverside .
We close fast and pay cash in as little as just 3-5 days. Give us a call now at (909) 255-9212 or fill out the short form over here.