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How Can I Successfully Sell My Home in New Orleans Without a Real Estate Agent?

If you’re considering selling your home or investment property in New Orleans without the assistance of a real estate agent, we’re here to help.

While we do collaborate with brokers, there are instances when it’s preferable to bypass involving a middleman.

Indeed, allocating 5-6% of a property’s sale price for commission can be quite costly. In some cases, LA brokers and real estate agents provide valuable services and justify their commission. However, this isn’t always the case.

How Can I Successfully Sell My Home in New Orleans Without a Real Estate Agent?

There are several methods to sidestep paying hefty commissions during your LA property sale.

Firstly, you need to be aware of a peculiar custom.

In a majority of New Orleans sales, about half the commission paid by the seller goes to the buyer’s broker.

Does that seem logical to you?

Why should you cover the expenses for the agent representing the other party?

Honestly, it defies reason – it’s simply the usual practice.

You can use this to your advantage in several ways.

First, take into account the commissions paid when examining comparable sales. If properties similar to yours sold at prices that included commissions, consider that.

Don’t undervalue your property – bear in mind that a smart buyer may also anticipate a discount. If you’re handling the tasks of one agent, you can expect to save that money.

Occasionally in New Orleans, buyers without agents may not think to negotiate the buyer’s side commission out of the price for themselves, so don’t mention it if you don’t want to pay them. However, don’t be surprised if it arises during negotiations.

You might want to consider offering 2.5% to buyer’s agents who bring their clients to view your property. Yes, it’s a significant sum. If you’ve priced your property with that commission included, you can always negotiate a better deal for a buyer without an agent.

Conversely, if you don’t account for the buyer’s agent’s commission, you risk excluding the majority of buyers in the New Orleans market.

Over 90% of transactions occur through the MLS – the Multiple Listing Service. It’s the primary database that all brokers in New Orleans use to access information on houses, condos, land, and investment properties for sale, as well as data on sold prices.

In the past, you had to pay a full commission to get your property listed on the MLS. Now in New Orleans, some brokers will charge a fee just to list your property on the MLS. Often, you pay a few hundred dollars and only pay a commission if the sale is finalized.

When compared to newspaper ads, the MLS is an inexpensive way to promote your property to a broad audience.

All major real estate search sites, such as, Zillow, Yahoo Homes, etc., source data from the MLS. It’s highly likely that when you submit your listing in New Orleans to the MLS, your property’s information will appear on most major sites within a few days.

Each of these sites offers ads. They provide packages that allow you to enhance your listing, feature it at the top of the search results, and offer various other add-ons that may or may not entice an interested buyer to purchase your property.

Advertising can be a gamble. Open houses in New Orleans LA can sometimes be an effective way to sell a property, but other times they’re fruitless. The same goes for newspaper ads, Craigslist postings, and fancy signs – their success is unpredictable.

Effective marketing is key when it comes to selling your property by yourself.

Creating and distributing flyers, as well as placing signs throughout your community, can result in a few inquiries, and there’s no shortage of free websites where you can list your property. However, if your house doesn’t resonate with the average homebuyer, relying solely on flyers and an open house might not be effective.

In essence, real estate agents command hefty commissions because they face considerable upfront advertising expenses for your property. By promoting numerous properties at once, they aim to receive more phone calls – and, as a result, they stand to make substantial profits by selling a large number of houses.

Some properties may require thousands of dollars in advertising investment before the ideal buyer discovers the ad and gets in touch.

If avoiding commissions is your goal, you can sell your house for cash directly to investors like us.

We offer fair prices for properties and can close quickly (within as little as 7 days if necessary).

Occasionally, we buy houses in New Orleans, renovate them, and rent them out, or we might fix them up and sell them to others searching for fantastic homes in the area. There are numerous other reasons as well, but we always appreciate hearing from individuals like you who are considering selling properties in LA.

We’re investors who genuinely care about New Orleans.

With the ability to close swiftly and pay cash in as little as 14 days, give us a call now at 504-810-6767 or complete the brief form provided here.

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