If you’re considering selling, you’re likely to come across individuals who are willing to provide assistance. Among them, you’ll find real estate agents and investors. Take a look at this blog post which discusses three methods to distinguish between real estate agents and investors in Springfield. It will help you comprehend the reasons why you might prefer to collaborate with one over the other.
Considering selling your house? You might encounter various individuals expressing their willingness to assist you with the sale. However, not all offers of help are equal. Some individuals are real estate agents, while others are real estate investors, and they provide different forms of assistance. Here are three methods to differentiate between real estate agents and investors in Springfield.
Ways To Tell Real Estate Agents And Investors Apart In Springfield: List Versus Buy
One straightforward approach to distinguishing between agents and investors is to inquire about their plans for your house – whether they intend to list it or purchase it. A real estate agent’s role typically involves listing your house on a relevant service and actively seeking out potential buyers. This process may require them to showcase your property to multiple individuals until a suitable buyer is found.
Contrasting with real estate agents, investors have a distinct approach. Rather than listing your house, an investor assumes the role of a buyer who directly purchases your property from you. At Overlook Real Estate, our focus lies in being buyers ourselves, specializing in acquiring houses in Springfield. Our primary objective is to provide a direct purchasing solution for homeowners like you. 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 Springfield: Timeline To Sell
Another effective method to differentiate between an agent and an investor is by inquiring about their timeline for purchasing the property. An agent’s response might be uncertain as they need to locate a buyer first. This process can often span a timeframe of 3-12 months, during which they will showcase the house to numerous potential buyers.
Conversely, an investor will possess a precise understanding of the timeframe required to purchase your house because they are the direct buyers. They will have a well-defined timeline, which can also be influenced by your preferences and the urgency with which you wish to sell. This clarity stems from their direct involvement in the purchase process.
Ways To Tell Real Estate Agents And Investors Apart In Springfield: Commission Versus No Commission
This holds particular significant importance! When working with an agent, their earnings come from successfully finding a buyer for your house. As a result, you would be required to pay them a commission, typically around 6% of the final sale price. For instance, on a $100,000 house, this commission would amount to approximately $6,000.
On the other hand, an investor takes a different approach. Since they are not listing your house, there are no commissions involved. Investors generate their income through alternative means, such as renting the property to tenants or renovating it before selling. Their profit stems from these alternative revenue streams, eliminating the need for a commission-based structure.
While these factors are crucial, there are additional ways to differentiate between agents and investors. The simplest and most effective approach is to ask them directly. By communicating your queries, they will be forthcoming with the information you need, providing clear insights into their role and intentions. Don’t hesitate to seek clarification from them as it will help you make an informed decision.