6 Free or Affordable Ways To Sell A Property

Selling properties in the current real estate market takes a lot of work. It is significantly more difficult when you decide against getting help from real estate agents. It is common knowledge that real estate agents ask for a neat sum of money against their rendered services. The consultation fees can be anywhere from 5-6% of the property’s final sale price. Suppose you have sold a property for $500,000; then you are liable to pay between $25,000 and $30,000 to the real estate agent for their services. This is not a small amount by any definition. You are paying a real estate agent a substantial sum only to serve as a bridge between the buyer and seller. Arguably, this is the most conventional way of selling properties. But these days, there are plenty of other ways of selling properties that are either free or affordable compared to the conventional way, such as FSBO, flat-fee MLS listings, and more.

In today’s market, there are plenty of ways to quickly and easily market your property, free of charge or within an affordable budget. We have listed some of the most popular alternative ways to do it, including the fan-favorite flat fee MLS listings. Let’s look at them in more detail.

Flat-Fee MLS Listings:

Multiple Listing Service, or MLS listing, is perhaps one of the most effective ways to sell properties without the involvement of realtors. MLS is a database primarily managed by the collaboration of real estate agents. It contains detailed listings of all the properties available locally for sale. Each state has its own local MLS database. Originally, MLS listings were exclusively operated by realtors, but in recent times, along with realtors, many small companies have entered. These companies too offer flat-fee MLS listing services.

When it comes to flat fee MLS listing service, it is comparatively much more affordable than the conventional way of selling. Sellers are asked to pay a nominal flat fee for their MLS listing, anywhere from $100 to $500. This makes their listed property visible to interested buyers on the MLS platform. Thus, without directly involving a realtor and paying exorbitant commissions, you can sell your property. The flat-fee MLS listing is perhaps the most widely known alternative to selling properties affordably.

For Sale By Owners:

In addition to flat-fee MLS listings, For Sale By Owners, or FSBO, is another popular way to sell real estate. FSBO websites allow property owners to list their properties independently for a negligible fee. The listed properties are visible to other potential buyers who are scanning the website. Thus, FSBO is a compelling alternative for property owners who want to sell their property without involving real estate agents.

Free Online Listings:

In addition to FSBO websites and flat-fee MLS listings, sellers who prefer no involvement from realtors can take advantage of the free online listing sites. These can be Craigslist, Facebook Marketplace, and others. These free online listing sites can get your property exposure to buyers. Interested buyers can connect with the seller directly to discuss the details.

Open House:

One of the oldest ways of selling properties without involving realtors or spending on listings would be to hold open houses. You can hang a few signs around the block about the open house event or use social media posts to announce the same. Hosting an open house is an easy way to get buyers interested in your property. It is like an open showing of the property where everyone is invited to come. People can explore the property, get an immersive experience, and bid on their offers. However, prior to hosting open hosting, owners must clean the property thoroughly and make it as presentable as possible for the best bids.

Sticking a Yard Sign:

Another time-tested strategy for selling homes is the yard sign, which has been in use for a very long time. Passersby can quickly spot the sign and swing by for a showing; using this way, many people have sold their properties around the world. However, one drawback to this method is that your selling process can be quite slow, and you will only get a limited number of offers. Nevertheless, it is a free-of-cost way of selling property without the involvement of realtors.

Social Media:

Another modern way of selling property without involving realtors could be by leveraging the power of social media. You can post on your social media handles free of charge and invite offers from your followers. There is a paid version of this as well. Social media grabs a lot of eyeballs; you can run social media ad campaigns featuring your property. When it comes to selling real estate, targeted advertisements are both profitable and affordable. Thus, you can get more leads from interested buyers without involving realtors.

There are plenty of alternatives to selling properties for free or at an affordable rate without involving realtors. However, flat-fee MLS listings are the most successful alternative out of all of them. With the flat-fee MLS listing, you can get genuinely interested buyers quicker than other alternatives. Therefore, if you are exploring options to sell real estate without involving realtors for free or at an affordable price, going with a flat-fee MLS listing can be the best solution.