Are you hoping to sell your house or investment property FAST in Winnipeg, Manitoba without using a real estate agent? If soManitoba Home Buyers can help!
Is There Another Way To Sell My House?
Do we have anything against Winnipeg real estate agents? No way! We use realtors on a regular basis to help us be more accurate and speed up the process when buying and selling Winnipeg, Manitoba houses. And in many situations, Manitoba real estate brokers and agents can be very useful and earn their commission. However…
…we do recognize that some local home sellers want a choice when it comes to how they sell their properties. After all, paying a 5-6% realtor commission for the sale of a property is a lot of money to anyone. So we are not debating whether the commission is appropriate or not, but we recognize a need in the Winnipeg, Manitoba real estate marketplace and our goal is to be that go-to option for Winnipeg homeowners.
How Do I Sell My House Without An Agent in Winnipeg?
There are a several ways to avoid paying hefty commissions in your Manitoba home sale.
However, at the outset there’s something that we need to be clear about in regards to the fees a home seller pays. We believe most people know this, but do not want to assume anything. With most property sales in Winnipeg, roughly half of the commission you pay as the seller goes to pay for the buyer’s real estate agent.
Does that make sense to you?
Why should you, as the homeowner, pay for the agent’s commision on the other side of the table?
Truthfully, it does seem a bit odd, but is standard accepted practice and what’s typically done.
Well, you can use that to your advantage in a few ways.
First, factor in the sales commissions paid when you’re looking at the comparable sales to your Winnipeg property. If the properties similar to yours sold for prices that included commissions, be sure and take that into account.
Don’t underprice your property – be aware that a savvy house buyer may expect to take a discount too. If you’re doing the work of one agent, maybe you can save some of that money. Sometimes in Winnipeg, buyers aren’t represented by a realtor so they may be open to negotiateing the buyer’s side commission out of the price for themselves.
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. But if you’re pricing your property including that commission, you can always negotiate a better deal for a purchaser who comes without a Winnipeg real estate agent.
On the other hand, if you don’t leave any wiggle room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in Winnipeg.
Over 90% of transactions happen through the MLS or Multiple Listing Service. It’s the main database that all the brokers in Winnipeg, Manitoba use to access information for their clients when buying and selling houses, condos, townhouses, and investment properties for sale. In addition to that, there is a plethora of real estate info along with data on the sold prices.
Tyupically, you had to pay a full commission to get your property on the MLS. Now in Winnipeg, there are a few brokers who will charge you a fee vor discounted commission to just to list your property on the MLS. Often, you spend a few hundred bucks and you only pay a commission if the sale of your Winnipeg home closes.
Used this way, and 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 get data from the MLS. So when you submit your listing in Winnipeg to the MLS, information on your property will end up on most of the major sites within a few days.
Each of those real estate search 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 may or may not get an interested buyer to buy your property.
Advertising is a gamble. Sometimes open houses in Winnipeg, Manitoba can be a great way to sell a property, and sometimes they’re a waste of time. Same with newspaper ads, Kijiji postings or fancy signs – sometimes they work, and sometimes they don’t.
Pondering a Private Sale? Market Your Home Well.
Selling your Winnipeg home FSBO or For Sale By Owner can be a daunting task. Certainly some people do it successfully, but you have to get many steps right.
Handing out flyers and putting up signs around your neighborhood might generate some phone calls. Then there’s plenty of free websites, some local and some national, where you can post your ad to generate some interest and sell your Manitoba home. In most real estate markets, just delivering flyers and having an open house isn’t enough to sell your home. But in this hot Winnipeg real estate market, it could do the trick! But it’s important that your property appeal to the average home buyer for this to be effective.
In theory, Winnipeg real estate agents charge the commissions they do because they typically spend a lot of money upfront to advertise their property listings. By advertising many properties at once, they expect to generate more phone calls. And if their strategy works, they’ll make sizable profits by buying and selling plenty of houses with many different buyers and sellers.
Properties that appeal to the widest audience of buyers are snapped up quickly and sell for top dollar. But a ‘unique’ home might require thousands of dollars in advertising expenses before the right buyer happens to see the listing and book a showing.
There is a 3rd alternative to consider when selling your home. Why not consider selling to a direct buyer like Manitoba Home Buyers? You have the flexibility to sell your house “AS-IS”, on your timeline and without the usual cleaning up and cleaning out that typifies a traditional realtor sale.
Avoid paying ANY commissions, by selling your house to a Local CASH Home Buyer
At Manitoba Home Buyers, we pay fair prices FAST for Winnipeg‘ Manitoba properties – and we can close fast (in as little as 7 – 10 days if our lawyers can process the paperwork).
Sometimes we’ll purchase Winnipeg houses, fix them up, then rent them out. In other instances, we’ll fix them up and sell them to other people looking for a great place in the area to raise their family. But we love to hear from people like you who are thinking of selling anywhere in Manitoba and are open to an off-market sale. Why not save the real estate commission and try to keep more dollars in your jeans?
We’re local home buyers who care a lot about Winnipeg and other areas of Manitoba.
We close fast, pay cash and buy your house “AS-IS” in as little as 7-14 days. Why not give us a call now at (431) 813-0909 or fill out the short form over here to see if we can create a win-win home selling scenario that could work for you?