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. Check out this blog post to read about 3 ways to tell real estate agents and investors apart in Connecticut, and help you understand why you might want to work with one versus the other…
Thinking about selling your house? Most people will typically call friends and family to get referrals for real estate agents thinking that listing your house is the only way to sell it. It’s important for you to know that investors are a very good option as well in getting your house sold and getting it sold quickly! How do I know? I know because I am both a real estate agent as well as an investor! Here are 3 ways to tell real estate agents and investors apart in Connecticut.
Ways To Tell Real Estate Agents And Investors Apart In Connecticut: 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 a buyer and they will buy your house from you directly. (That’s what we do at Fair Home Offers CT, LLC – we’re buyers and we buy houses in Connecticut. 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 Connecticut: Timeline To Sell
The next way to tell an agent apart from an investor is to ask about their timeline to buy. An agent wont be able to give you an exact time line. At best they can make a guess based on the current market and how your house fits into that markets. That guess will more than likely be a range in months, such as 4-6 months as an example.
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).
Ways To Tell Real Estate Agents And Investors Apart In Connecticut: 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 6% of the sale price… or $6,000 on a $100,000 house).
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! There’s no right or wrong way to go about selling your house. If you are most comfortable with listing with an agent…great! Go with that! But it’s at least important to know that other options exist and we’ve helped A LOT of homeowners go with those other options that made more sense to them and their needs!