Sell Your Property “By Owner”

by San Miguel MLS on September 3, 2024

Why You Don’t Need to Pay Thousands in Real Estate Commissions

When it comes to selling a property, many owners automatically think of hiring a real estate agent, which typically comes with a hefty commission fee—usually ranging from 5% to 7% of the sale price. In San Miguel de Allende, this can add up to tens of thousands of dollars. But what if there was a way to keep that money in your pocket and still achieve a successful sale? Selling your property by owner is an increasingly popular choice for savvy homeowners looking to maximize their profits.

Why Paying Thousands in Commissions May Not Be Necessary

Real estate agents undoubtedly provide valuable services, such as marketing your home, managing inquiries, and guiding the transaction. However, many of these tasks can be done by the homeowner, often with the same successful outcome. Here’s why:

1. Access to Online Platforms: In the past, real estate agents had exclusive access to listing platforms like the MLS (Multiple Listing Service), but now, platforms like SanMiguelMLS.com make it possible for homeowners to list their properties themselves. Your home can be seen by thousands of potential buyers, both locally and internationally, without the need for an intermediary.
2. Direct Control Over the Process: Selling your property “by owner” gives you full control over the process. You can set your own price, schedule showings at your convenience, and negotiate directly with potential buyers. This allows you to be more flexible and responsive, which can often lead to faster sales.
3. Significant Savings on Commissions: In San Miguel de Allende, with properties selling for high prices, real estate commissions can add up quickly. For example, on a home selling for $500,000, a typical 6% commission would amount to $30,000. By selling your property yourself, you save this amount—money that can be put toward your next investment or other personal goals.
4. Available Resources and Support: Selling a property on your own doesn’t mean you’re completely on your own. At SanMiguelMLS.com, we provide how-to guides, expert tips, and referrals to trusted, bilingual professionals who can help you navigate legal processes, property evaluations, and closing paperwork. With the right resources, you can handle the sale as efficiently as a professional agent would.

How You Can Sell “By Owner”

Selling a property “by owner” may seem daunting, but it’s easier than ever thanks to the growing number of online resources. Here’s a quick breakdown of how you can do it:

1. List Your Property: With platforms like SanMiguelMLS.com, you can create a detailed listing with photos, descriptions, and important property information. Make sure your listing is comprehensive, as this will attract more serious buyers.
2. Set Your Price: Research comparable properties in your area to determine a competitive price. If needed, consult with a property evaluator to make sure your price is in line with the market.
3. Market Your Home: Use online platforms, social media, and local classifieds to get your listing seen by the right audience. You can also host open houses or private showings to generate more interest.
4. Negotiate and Close the Deal: You can negotiate directly with buyers or their agents. Once you’ve agreed on a price, you’ll work with a notary and legal professionals to handle the closing paperwork. Many of these services can be found through SanMiguelMLS.com’s trusted referrals.

Conclusion

In today’s real estate market, paying thousands of dollars in commissions is no longer a necessity. With the right platform, resources, and support, homeowners can successfully sell their properties on their own, keeping more of the profit for themselves. SanMiguelMLS.com empowers property owners in San Miguel de Allende to list and sell their homes directly, saving time and money while still reaching a wide pool of potential buyers.

Ready to sell your home? Visit SanMiguelMLS.com and take control of your sale today!