If you’re thinking of selling, you’ll likely connect with people who would like to help. Some of these people 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 New Orleans, and help you understand why you might want to work with one versus the other…
Are you thinking about selling your house? You may be approached by a number of various people who will offer to help you, but not everyone who offers their assistance will help in the same way. An example of this is with real estate agents and real estate investors. How can you tell the difference between the two? Here are 3 ways to tell real estate agents and investors apart in New Orleans.
Ways To Tell Real Estate Agents And Investors Apart In New Orleans: List Versus Buy
The easiest way to tell agents from investors is to ask what they plan to do with your house – list it or buy it. A real estate agent will list your house on a listing service and attempt to find a buyer. They may need to show it to multiple people in order to find a buyer.
On the other hand, an investor won’t be planning to list your house – the investor is a buyer and will buy your house directly from you. (That’s what we do at Louisiana Direct Home Buyers – we’re buyers and we buy houses in New Orleans. 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 New Orleans: Timeline To Sell
Another way to tell an agent apart from an investor is to ask about their buying timeline. An agent won’t have an answer because they need to find a buyer first. In most cases, they could be looking at 3-12 months during which they’ll show the house to several possible buyers.
An investor 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 may depend on you and how fast you want to sell).
Ways To Tell Real Estate Agents And Investors Apart In New Orleans: Commission Versus No Commission
This one is important! An agent earns their money from finding a buyer and from you paying 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, won’t be listing your house which means that there aren’t any commissions. That’s because an investor earns money by either renting the house to a tenant, or by fixing the house and selling it. They make their money in a different way.
There plenty of other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!
If you’ve read this post and decided to see what an investor can pay for your house, get in touch with us. Click here and enter your info, or pick up the phone and call our team at (504) 224-9066.