Asking yourself “How do I sell my house without an agent in Lubbock?” At Electrum Properties, we offer a simple solution.
While we do work with brokers when needed, we believe eliminating the middleman often creates a win-win situation for homeowners looking to move forward quickly.
Think about it – paying 5-6% of your property’s value in commission is significant. In some cases, Texas real estate agents earn their keep. But not always, especially when you need to sell fast and get your freedom back.
How Do I Sell My House Without An Agent in Lubbock?
There are several strategies to avoid those high commissions when selling your property in Texas.
First, let’s talk about an important industry practice you should know.
In typical Lubbock real estate transactions, approximately half of the commission you pay as the seller actually goes to the buyer’s agent.
That doesn’t make much sense, does it?
Why should you be responsible for paying the professional representing the other party?
It really doesn’t follow any logical reasoning – it’s simply industry tradition.
You can leverage this knowledge to your benefit in several ways.
First, when evaluating comparable sales in your area, remember to account for commissions paid. If similar properties sold at prices that included these commissions, keep that in mind when pricing your own.
Don’t undervalue your property – be aware that informed buyers might expect a discount. If you’re handling one agent’s responsibilities yourself, that savings should benefit you.
In Lubbock, unrepresented buyers sometimes forget to negotiate the buyer’s agent commission out of the price. There’s no need to remind them if you prefer not to pay this fee, but be prepared if it comes up during negotiations.
You might consider offering 2.5% to buyer’s agents who bring clients to view your property. Yes, it’s substantial, but if you’ve factored this into your pricing, you can always negotiate better terms with buyers who come without representation.
However, if you don’t accommodate for the buyer’s agent commission, you’ll potentially exclude a significant portion of the Lubbock buyer market.
More than 90% of real estate transactions happen through the MLS – the Multiple Listing Service. This is the primary database that Lubbock brokers use to access information on available properties, including houses, condos, land, and investment properties, as well as data on sold prices.
Previously, getting your property on the MLS required paying a full commission. Today in Lubbock, some brokers will list your property on the MLS for a flat fee. Often, you’ll pay just a few hundred dollars upfront, with commission only due if the sale completes.
When compared to traditional advertising costs, the MLS provides an affordable way to market your property to a broad audience of potential buyers.
Major real estate platforms like Realtor.com, Zillow, and Yahoo Homes pull data directly from the MLS. When you list your Lubbock property on the MLS, information typically appears on these popular sites within days.
These sites offer various promotional packages that let you enhance your listing, feature it prominently in search results, and add other premium features that may or may not help attract serious buyers to your property.
All advertising involves some risk. Sometimes open houses in Lubbock Texas effectively sell properties, and sometimes they’re ineffective. The same applies to newspaper ads, Craigslist postings, and fancy signage – results vary considerably.
To effectively sell your property on your own, you have to market it well.
Distributing flyers and signs in your neighborhood might generate some interest, and there are many free websites where you can post property information. But these methods often fall short if your house doesn’t appeal to typical homebuyers or has specific issues that need solving.
In principle, real estate agents justify their substantial commissions because they invest significantly upfront to market your property. By advertising multiple properties simultaneously, they aim to generate more inquiries and ultimately profit by selling numerous houses.
Some properties might require thousands in advertising expenses before connecting with the right buyer who notices the ad and makes contact.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
At Electrum Properties, we offer fair, win-win prices for properties – and we can close quickly (in as few as 3-5 days if needed), helping you get your freedom back.
Our approach varies by property – sometimes we purchase Lubbock houses, renovate them, then rent them out; other times we restore them and sell to families seeking quality homes in the area. We have various solutions for different situations, but we always welcome conversations with Texas homeowners considering selling.
We’re investors who are deeply committed to revitalizing the Lubbock community.
We can close quickly and pay cash in as little as 3-5 days. Contact us now at 806-630-0875 or complete the simple form here.