If you are considering selling your house, then you will find many people that can help. The most common is real estate agents. Others are real estate investors. This article is about how to tell them apart, and help you understand why you might want to work with one versus the other.
Thinking about selling your house? You will be approached by a bunch of different people who all offer to help you sell. But not everyone who offers to help will provide services the same way. Some are real estate agents, other are real estate investors and they can both help but in different ways. Below are three ways to tell real estate agents and investors apart in Grand Rapids.
List vs Buy: Real Estate Agents And Investors In Grand Rapids
The fastest way to tell an agent from an investor is to ask what they are going to do with your house: list it or buy it directly from you. An agent will list your house on a listing service, like the MLS, then they will try to find a buyer. Usually, they will need to show it to several people in order to find the right buyer.
An investor is not going to list your house. They are going to buy it from you directly, and usually with cash so there is no delay waiting on a loan from the bank. (That’s what we do at AKJ Sell Today – we’re professional house buyers and we buy houses in Grand Rapids. If you want to sell your house, click here and enter your information to find out how much we can pay).
Speed To Sell: Real Estate Agents And Investors In Grand Rapids
The next way to tell an agent apart from an investor is to find how how fast they can buy your house. An agent may not know because the have to find the right buyer first. Depending on the condition of the house and the location, it may take 3-6 mounts to sell the house, if at all. During this process be prepared for “showings” where you will need to clean up the house and leave for a few hours so the agent can show it to potential buyers.
An investor, will know exactly how long it will take to buy your house since they are the ones who will buy it. They buy houses in Grand Rapids all the time, so they will have a very good idea of how long the process will take. Often, it can be completed in a few weeks or less.
Commission vs No Commission: Real Estate Agents And Investors In Grand Rapids
This one is a big difference for many of our customers. An agent makes money when they find a buyer. Then you have to pay them a commission on the house (which is usually around 6% of the sale price… or $6,000 on a $100,000 house).
An investor, does not list your house, so there are no commissions involved. An investor fixes up the house and makes their money when they sell it to a new home buyer. This is their normal process, so they make money in a different way.
There are other ways to tell an agent or investor apart. The best thing to do is just ask. The ones with the best reputation will clearly explain the differences.