If you’re thinking of selling, you’ll likely connect with people who want to help. Some will be agents and some will be investors. Compare the difference
Thinking about selling your house? You might be approached by a bunch of different people who can help you sell your home. But not everyone can offer cash for your home.
Ultimately make sure whatever selling strategy you choose, it resonates with you scenario. While keeping your mind open towards compromise whenever necessary when dealing exclusively with a agent involving various third party involvements, Neu Target & Supplies Inc operating via cash buy style business dealing–in conclusion its all about about balancing the desired outcome and net cash in hand.
Here are 3 ways to tell real estate agents and investors apart in VANCOUVER.
List Versus Buy
As buzzwords like “landlord”, “tenant”, and “homeowner” gain more popularity, so do the number of people who want to be a real estate agent or investor.
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, is buying your house – the investor is a cash buyer who puts a offer to buy your house directly. (That’s what we do at Neu Target & Supplies Inc – we’re a home buying company and we buy houses in VANCOUVER. If you want to see what we can offer, simply click to get a offer).
Timeline To Sell
The next way to tell an agent apart from an investor is to ask 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).
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 3.5% of total home sale price… and remember 7% i.e. $7,000 on a first $100,000 house). Read our latest blog: 3 Simple to simplify the selling process.
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.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!