If you’re looking to sell your house or investment property in Central Mississippi without using a real estate agent, we can help.
Although we do have a licensed agent/partner, we pay their commission to their broker, if any, so you don’t have to bear that expense.
In certain situations, Mississippi brokers and real estate agents can be very useful and earn their commission. We always present you with multiple options to sell you house so you can make an informed decision about what works best for you. One seller was selling his parents’ home after they passed away. The burden of the mortgage, utilities, and maintenance were more than he could bear for even another month. Even though we showed him a retail option that could potentially put thousands of dollars in his pocket, he just wanted out for the balance of the mortgage. That was his informed choice to make, and I could see the relief in his face and body language as soon as we signed the contract. We want you to make a fully informed decision about what option is best for you.
How Do I Sell My House Without An Agent in Central Mississippi?
There are a few ways to sell in your Mississippi.
First, there’s a Cash Buyer like IM, LLC
Cash buyers can make the process of selling your property simple and painless. You can sell “as is”, you don’t have to worry about all the needed repairs and deferred maintenance, you don’t have to clean the property out in some cases. It is important to remember however, Cash buyers are not usually retail price buyers. They will consider all of the expenses that you defer to them, as well as the cleanout costs, holding cost such as insurance, utilities, maintenance, etc, while they prepare the property to rent or resell. This will typically not be your highest net to you offer, but it will usually be your quickest route to closing and removing the burden of the property from you.
Second, you can be a FSBO – that’s For Sale By Owner
You hope that perfect buyer drives by, or a neighbor tells them about it. When they call, are you comfortable with the questions you need to ask? Are they a cash buyer? Do they have a home to sell? Are the pre-approved with a mortgage lender? With rising interest rates, pre-approvals can dissolve overnight. When someone, without calling, just knocks at you door what do you do? You are anxious and motivated, but Safety First! Are you able to speak up and advise them the property is shown by appointment to qualified buyers? Are you willing to ask them to show you their identification, take a photo of that id and send it to someone that can call to be sure you are safe?
In most sales in Central Mississippi, agents will have done this screening. Because they only get paid when they close a sale, most are not in the business to drive around with unqualified buyers. Since interest rates have been on the rise, experienced agents know that regular communication with the lender is extremely important in case a buyer’s budget changes overnight.
like IM, LLC and you can check us out before we come to you home. Read our customer testimonials, ask for references to call, we are happy to provide those so you can find out what to expect when we come to your door.
Third, you can market it on all those different websites
You can get professional photos like the most professional agents do. Post those photos all over the internet where everyone with a computer or smart phone can see you are selling your house. What you say about your house matters – Does your description sound appealing? Does it include the most important facts buyers need to know? Does it make buyers want to come and view your property? Again, think about the questions above with strangers coming to your house. An agent should meet the buyer in person before coming to your property, make sure they are qualified and ready to buy, not just shopping for decorating ideas! A company that buys for cash should have references, make an appointment and be prepared to show their credentials at the door.
An important note – buyers working without an agent may be very savvy and simply out negotiate you. Many would be buyers are just tire kickers thinking they can save money without an agent, but when they are ready to buy, they call an agent simply because they don’t’ know what to do. Also, selling yourself to a buyer puts you in a position where you are both trying to save the same money. Both of you won’t walk away from the table with that same savings.
How do you price your property – If you are looking for top dollar, read our blog about this and be aware that those websites that show a value for your property have small print disclaimers at the bottom of their pages! A savvy buyer may take advantage of a low value that doesn’t truly reflect your property’s value. Determining a true value, or range of value is important. When you work with our partner/agent you will see a comparable market analysis (CMA) that shows current data of the most comparable to your property.
Sometimes in Central Mississippi, buyers who aren’t represented by an agent don’t know what to do when you say Yes to their offer price. Who has a contract to sign, you or the buyer? Who pays closing costs? Are there contingencies – financing, sale of another property, appraisal, inspections? Who is responsible for the costs and getting these things done?
You may want to consider offering a commission to a buyer’s agents who will bring their clients to show your property. 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 agent. If you don’t leave room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in Central Mississippi.
Most importantly, remember this – What you need out of the property has nothing to do with the value of the property. A property is worth what a ready, willing, and able buyer pays for it. Buyers are ready and they are willing, but the able part trips up alot of would-be buyers – credit issues, job instability, cash to close are just a few of the things that can stop a sale in an instant!
Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Central Mississippi use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.
Once upon a time, you had to pay a full commission to get your property on the MLS. Now in Central Mississippi, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you pay a marketing fee upfront, but you only pay a commission if the sale closes.
Compared to the cost of your time and expense to market, the MLS is a cheap way to market your property to a very wide audience. Also, all the little details that agents handle every day don’t become a headache for you.
All the major real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. get data from the MLS. Chances are good that when you submit your listing in Central Mississippi to the MLS, information on your property will end up on most of the major sites within a few days.
Each of those 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 might or might not get an interested buyer to buy your property.
Advertising is a gamble. Sometimes open houses in Central Mississippi Mississippi can be a great way to sell a property, and sometimes they’re a waste of time. 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 neighborhood 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 average home buyer.
In theory, real estate agents charge big commissions because they have to spend a lot of money up front to advertise your property. By advertising lots of properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of houses.
Certain properties might require thousands of dollars in advertising expenses before the right buyer happens to see the ad and call.
If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH
We fair prices for properties – and we can close fast (in as little as 7 days if you need to).
Sometimes we’ll purchase Central Mississippi houses, fix them up, 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 people like you who are thinking of selling anywhere in Mississippi.
We’re investors who care a lot about Central Mississippi and you! We want you to feel like the experience working with a cash investor is a pleasant one, and that you don’t feel taken advantage of in the process.
We close fast and can pay cash in as little as just 7 days. Give us a call now at 601-401-6965 or fill out the short form over here.