If you have been considering the possibility of selling your home, then the most likely people that you will be in touch with are real estate agents and investors that buy properties. This article goes into great detail outlining the three major factors that will allow you to tell the difference between agents and investors, and what are the pros and cons of each method.
Generally, listing your home with an agent is a more practical option if you have the time and money to do so, whereas selling to an investor is ideal if you are pressed for time and need to sell fast for cash, or don’t have the money to fix up the property in order to sell it on the local retail market at full value. Agents will typically move your house for a higher selling price, while also taking commissions, and investors will typically pay cash and are able to close quickly, usually in as little as 7 days. Here are 3 ways to tell real estate agents and investors apart in Denver Colorado.
Ways To Tell Real Estate Agents And Investors Apart In Denver CO: List Versus Buy
The simplest and most effective way to tell the difference between a real estate agent and an investor is what they are going to do with the home: list it or buy it. A real estate agent will typically list your home on the local MLS (multiple listing service) and put it in front of retail buyers who are looking to pay full market value for homes that are in pristine condition.
An investor 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 HBR Colorado – we’re professional home buyers and we buy houses in Denver Colorado and the surrounding area in as little as 7 days. Contact us today with your properties address and we will provide you with a free online quote on what we’d be willing to pay cash for your home in under 24 hours.
Ways To Tell Real Estate Agents And Investors Apart In Denver CO: Timeline To Sell
The next best way to tell the difference between a real estate investor and an agent is their timeline to buy, meaning how long is it going to take for someone to actually hand over the cash and buy the property. In most cases, listing with an agent will usually take 3 – 12 months in order to sell the home and find a buyer, whereas selling to an investor can take as little as 2 business days from the initial negotiations on sale price.
An investor will know exactly how long it will take to buy your house since they’re the ones who will buy it with their own cash. 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 Denver CO: Commission Versus No Commission
This is a big one! An agent gets paid commissions when they find a buyer, and this fee will often be 3 – 7 % of the final sale price. This can eat up a large chunk of change, and in Colorado’s current marketplace more people are looking for alternative ways to sell their homes without agents, and the most logical choice is to use a real estate investor.
An investor, however, isn’t listing your house so there aren’t any commissions or fees on the final sale. That’s because an investor will make money by either renting the house to a tenant or fixing up the house and selling it on the local market… so their methods are a bit different from a licensed agent, as you will pay no commissions or fees, and they will pay cash.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!