If you’re thinking of selling, you’ll likely connect with people who want to help. Some will be real estate agents and some will be real estate investors. Check out this blog post to read about 3 ways to tell real estate agents and investors apart in Phoenix, and help you understand why you might want to work with one versus the other…
Thinking about selling your house? You might be approached by several different people who all offer to help you sell. But not everyone who offers to help will help in the same way. Some are real estate agents, other are real estate investors – they both can help you but in different ways. Here are 3 ways to tell real estate agents and investors apart in Phoenix.
Ways To Tell Real Estate Agents And Investors Apart In Phoenix: List Vs. 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 the multiple listing service and they’ll try to find a buyer. They might need to show it to many 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 Ambassador Properties – we’re buyers and we buy houses in Phoenix. 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 Phoenix: 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. Currently, homes in the Phoenix area stay on the market an average of 90 days before they do under contract to be sold.
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). Typically, a good real estate investor can buy your home in as little as 7 days but can also close in a few weeks or a few months if it’s easier on the homeowner.
Ways To Tell Real Estate Agents And Investors Apart In Phoenix: Commission Vs. 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 $9,000 on a $150,000 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!