If you’re thinking of selling, you’ll likely connect with real estate agents and investors who want to help. Some will be agents and some will be investors or home buyers. Check out this blog post to read about 3 ways to tell real estate agents and investors apart in Kansas City , and help you understand why you might want to work with one versus the other…
List Versus Buy
The easiest way to tell real estate agents from investors, is to ask what they are going to do with your house – list it or buy it. A real estate agent will list your house on a listing service and they’ll try to find a buyer. They might need to show it to several people in order to find one buyer.
An investor, on the other hand, isn’t going to list your house – they are a buyer and they will buy your house from you directly. (That’s what we do at Mastiff Home Buyers – we’re buyers and we buy houses in Kansas City . If you want to sell your house, click here and enter your information to find out how much we can pay).
Timeline To Sell
The next way to tell an agent apart from an investor is to ask about their timeline to buy. An agent won’t know because they have to find the buyer first. In many cases, they might be looking at 3-12 months during which they’ll show the house to multiple potential buyers.
An investor, though, will know exactly how long it will take to buy your house since they’re the ones who will buy it. They will have an exact timeline (which could depend on you and how quickly you want to sell).
Commission Versus No Commission
This one is crucial! An agent makes their money when they find a buyer and then you pay them a commission on the house (which could be somewhere around 6% of the sale price… or $6,000 on a $100,000 house).
An investor, however, is the house buyer, so isn’t listing your house. You won’t pay them any commissions, because an investor will make money in other ways. They may rent the house to a tenant or fix it up to sell.
There are other ways to tell an agent or investor apart, but the best thing to do is to interview both and ask questions. Selling your house is a big decision and it is important that you are fulling informed of what the differences are and what options you have.