If you are selling your house, you most likely would come across an investor or a real estate agent. Check out our newest blog post for 3 Ways To Tell Real Estate Agents And Investors Apart. This should help you choose which want to work with. And you will also have a better understanding of why it is good to work with one versus the other…
If you’re thinking about selling, you definitely have been approached by different people offering assistance to sell your house. Keep in mind that not everyone who is offering to help will help in the same exact way. Some of them may be an investor, some may be an agent. One thing is for sure, they have different ways and they will have a different process in helping you sell. Here are 3 Ways To Tell Real Estate Agents And Investors Apart!
List Versus Buy
The most effective way to tell an investor and agent apart is by asking what are they going to do with your house? Are they going to list it or buy it? A real estate agent will surely list your house to a listing service. They will have to find a buyer by showing your house to several people and scheduling several visitations.
An investor isn’t going to list your house. The investor is the buyer this means they will directly buy the house from you – no middle man! (That’s exactly what we do at Candid Property Solutions – we are buyers and we buy houses in . If you want to sell your house, click here and enter your information to find out how much we can pay).
Timeline To Sell
One other way to tell an agent and investor apart is by asking them about their timeline to buy. An agent wont have a specific time because they have to find a buyer first. That means it may take 3 months up to 12 months during which the will show your house to multiple possible buyers.
An investor, on the other hand, will have a specific time for when they can buy the house. And that is because they are again – the direct buyer. They will know exactly when your house will be sold, in fact, it would all depend on you and how quickly you would want to sell your house.
Commission Versus No Commission
This one is very important. A real estate agent makes their money once they found a buyer for you. You will have to pay them a commission on the house. This commission could go up to 6 of the sale. So if you sold the house for $100,000 their commission would be $6,000.
However, an investor is not gonna list your house. Meaning you wont have to pay any commissions. No middle man means zero commissions. An investor would make money by either renting the house to a tenant or fixing and flipping the house and selling…. they make money on a whole differednt way!
There are many other ways to tell an investor or real estate agent apart. But the most proven effective way is just by simply asking. They would definitely tell you.