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 Cincinnati, and help you understand why you might want to work with one versus the other…
Thinking about selling your house in Cincinnati or Northern Kentucky? You might be approached by a bunch of 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 and they’ll help you in different ways. Here are 3 ways to tell real estate agents and investors apart in Cincinnati.
Ways To Tell Real Estate Agents And Investors Apart In Cincinnati: 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. You may need to do a lot of repairs or improvements to get the home ready to list.
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 We Buy NKY Houses – we’re buyers and we buy houses in Cincinnati, and we buy houses in any condition AS-IS. 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 Cincinnati: Timeline To Sell
The next way to tell an agent apart from an investor is to ask about their timeline to buy. If you list your home with an agent, it may be possible that you sell the home for more money. However, you will also have a longer timeline. An agent can tell you the average days on market, which right now is about 30 days in Cincinnati, but they can’t guarantee when the home will sell because they need to find another buyer for you.
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). At our company, we can close in as little as 7 days, but we are also able to let our sellers decide on the timeline.
Ways To Tell Real Estate Agents And Investors Apart In Cincinnati: 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.
If you want to learn how we come up with the Cash Offer for your house at We Buy NKY Houses, WATCH THIS VIDEO:
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!