Considering selling your home? You could encounter various individuals approaching you with offers to assist in the sale. However, it’s important to understand that not all these individuals will follow the same approach. Some of them may be real estate agents, while others might be real estate investors. Here are three methods to distinguish between agents and investors when selling your Texas property.
Ways To Tell Real Estate Agents And Investors Apart:
List Versus Buy
The simplest way to differentiate between agents and investors is to inquire about their plans for your property – will they list it or purchase it? A real estate agent will list your property on a listing service and endeavor to locate a buyer. This process may entail multiple showings to potential buyers before finding the right one.
Conversely, an investor will not list your property; instead, they act as buyers, directly purchasing your home. This is precisely our approach at LJE Property Solutions – we are buyers and we acquire properties in their current condition, including those in need of repairs.
Timeline To Sell
Another method for distinguishing between an agent and an investor is to inquire about their acquisition timeline. An agent is uncertain about this timeline because they must first locate a buyer. In many instances, they may be considering a period of 3 to 12 months during which they will present the property to numerous prospective buyers.
However, an investor can provide a precise timeline for purchasing your property because they are the actual buyers. Here at LJE Property Solutions, once you provide us with details about your property, we can present you with a no-obligation, equitable cash offer in as little as 24 hours. Subsequently, we can finalize the transaction at a respected local title company in just 7 days. This compares favorably to the conventional method of listing a house, which can take 30 or more days to close.
Commission Versus No Commission
This point is of utmost importance. An agent earns their income when they successfully locate a buyer, and subsequently, you are obligated to pay them a commission on the property’s sale, which could amount to approximately 6% of the selling price, such as $6,000 on a $100,000 house.
On the contrary, an investor does not list your property, and as a result, there are no commissions involved. This is because an investor generates income by either renting out the property to a tenant or by renovating and reselling the property, thus adopting an alternative means of profit generation.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!
If you’ve read this post and decided to see what an investor can pay for your house, get in touch with us. Click here and enter your info, or pick up the phone and call us at 512-881-0078.
Frequently Asked Question
Maybe you have a few questions. That’s okay; most people do. So, are some questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We are professional home buyers: We buy houses in Belton that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner, partner with one of our fellow investors or keep it as a rental ourselves.