If you’re thinking about selling your unwanted house, you’ll likely connect with people in the real estate business who will want to help you. Some of those people will likely be agents and some will be real estate investors. Continue reading this blog post to learn about 3 ways to tell real estate agents and investors apart in Fort Worth, and help you decide the differences between the two and why you might want to work with one versus the other…
Thinking about selling your house? You might be approached by a bunch of different people who all offer to help you sell your house. But not everyone who offers to help will help in the same way. Some are real estate agents, other are real estate investors. They each will offer to help you in different ways. Here are 3 ways to tell real estate agents and investors apart in Fort Worth Texas.
Ways To Tell Real Estate Agents And Investors Apart In Fort Worth: Listing Versus Buying
The easiest way to tell agents from investors is to ask them 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 such as MLS and they’ll try to find a buyer. They will most likely need to show the home to several potential buyers in order to find one that will make you an offer, and many times will cancel during the option period.
With an investor on the other hand, they aren’t going to list your house – the investor is a buyer and they will buy your house from you directly. (That’s what we do at TMC Property Solutions – we’re local house buyers and we buy homes in Fort Worth Texas and the surrounding area. If you want to sell your house, click here and answer a few quick questions to find out how much we can pay).
Ways To Tell Real Estate Agents And Investors Apart In Fort Worth: Timeline To Sell
The next way to tell a real estate agent apart from an investor is to ask them 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). Many times local house buyers can close on a date of your choice (a matter of days).
Ways To Tell Real Estate Agents And Investors Apart In Fort Worth: Commission Versus No Commission
This one is crucial! An agent makes their money when they find a buyer and then you have to 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, isn’t listing your house so there aren’t any commissions. That’s because an investor will make money by either renting the house to a tenant or fixing up the house and selling it… so they make their money in a different way (from the buyer of the property).
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!