If you’re thinking of selling your house, you’ll likely connect with people who want to help. Some will be real estate agents and some will be real estate investors. Check out this blog post to read about 3 ways to tell real estate agents and investors apart in San Antonio, and help you understand why you might want to work with one versus the other…
When you are thinking about selling your house, you might be approached by a bunch of different people who all offer to help you sell. But not everyone who offers to help will help in the same way and not everyone who needs to sell needs to sell in the same way.
Some are real estate agents, others are real estate investors. Both can help the right person but they help in a different way and are therefore one may be better depending on the seller’s situation. Here are 3 ways to tell real estate agents and investors apart in San Antonio.
Ways To Tell Real Estate Agents And Investors Apart In San Antonio: List Versus Buy
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.
An investor, on the other hand, isn’t going to list your house – the investor is the buyer and they will buy your house from you directly. (That’s what we do at Sell My San Antonio House – we’re buyers and we buy houses in San Antonio. If you want to sell your house, click here and enter your information to find out how much we can pay).
Ways To Tell Real Estate Agents And Investors Apart In San Antonio: Timeline To Sell
The next way to tell an agent apart from an investor is to ask about their timeline to have your house sold. 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. When they find a buyer that would like to buy it and a price is agreed upon, the buyer will work with their bank to get their financing approved in order to buy your house.
An investor, though, should know exactly how long it will take to buy your house since they’re the ones who will buy it. An experienced investor should know how long it will take based on the information that you share with them about your situation. They should have a much more exact timeline (which could depend on you and how quickly you want to sell).
Ways To Tell Real Estate Agents And Investors Apart In San Antonio: Commission Versus No Commission
This one is crucial! An agent makes their money when they either find a buyer or find another real estate agent who has a buyer who would like to buy your house. Then you pay them a commission for selling your house, which is usually somewhere around 6% of the sale price… or $6,000 on a $100,000 house(don’t forget to ask them how much the rest of the closing costs will be…).
An investor, however, isn’t listing your house so there aren’t any commissions. That’s because an investor will make money by either renovating the house and selling it or renting it out to a tenant… so they make their money in a different way.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!
Keep in mind that choosing to sell to an investor or sell with a real estate agent will be better for different people. It’s all up to what is best for your situation.
Good point about the realtor costs at closing. A lot of times people don’t account for this.