If you are looking to sell your house, you will meet some agents and some investors. This blog post will identify 3 ways in which you can tell real estate agents and investors apart in Palm Beach. This can help you understand why you might want to work with one versus the other…
3 Ways to Tell Real Estate Agents and Investors Apart In Palm Beach
1. List versus Buy
The main difference between agents and investors if what they plan to do with your house – list it or buy it. An agent will list your house on a listing service to find you a buyer. They will show your house to potential customers.
However, an investor won’t list your house. The investor will buy the house directly from you. This what we do at Home Solutions FLA – buying houses in Palm Beach.
The easiest way to tell 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. If you want to sell your house, click here and enter your information to find out how much we can offer
2. Timeline to Sell
Agents and investors have different timelines for your house. An agent won’t have a specific timeline since they will need 3-12 months to show the house to multiple potential buyers.
An investor, on the other hand, will be the one buying your house so he knows exactly how he will need to do that. Depending on how quickly you want to sell the house, they will give be able to give you an exact timeline.
3. Commission versus No Commission
This is very important! Agents make their money when a buyer they found buys your house. You have to pay them a commission on the house. This is somewhere around 6% of the sale price… or $6,000 on a $100,000 house).
But an investor buys your house directly, instead of listing it so there are no commissions needed. The investor will make money on the house by either renting it out or fixing it up and selling it.
There are some other points that can tell an agent or investor apart. Or you can simply ask them and they’ll tell you!