Thinking of selling? You most likely will connect with people who want to help. Some will be agents and some will be investors. This article discusses 3 ways to tell real estate agents and investors apart in Wichita and helps you understand why you may want to work with one versus the other.
So you are thinking about selling your house now? You will likely be contacted by different people and agencies offering to help you sell. Some are real estate agents and others are real estate investors, but they all offer to help in different ways. Here are 3 ways to tell real estate agents and investors apart in Wichita.
Ways to Tell Real Estate Agents And Investors Apart In Wichita:
List Versus Buy
Your first question to ask in order to tell an agent from an investor is what they plan to do with your house. Are they going to list it or buy it? Real estate agents will list your house and try to find a buyer. They will show it to many people in order to find a buyer.
Then there are investors who are not going to list your house but buy it from you directly. At Sell Now Homes Wichita, we buy houses in Wichita directly from you. If you want to sell your house and find out how much we will pay, complete our Get My Fair Cash Offer form today.
Timeline to Sell
To tell an agent apart from an investor is to find out what their timeline is to buy. Agents won’t know the answer because they have to take the time to list, advertise, and then show the house to potential buyers – all that could take anywhere from 3-12 months.
But an investor buying your house will know exactly how long it will take before closing. Many can be flexible and depend on how quickly you want to sell.
Commission Versus No Commission
This is a crucial element between working with an agent versus an investor. Agents only make their money on commissions by finding a buyer. You are the one paying the commission to the agent which is typically 6% of the sale price (like $6,000 on a $100,000 house).
Investors don’t list your house or receive commissions. Investors make their money by either repairing the house and selling it or renting the house to tenants.
If you are wondering how to tell the difference between an agent or an investor, just ask. They will tell you.