Thinking about selling your house? 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 Birmingham.
Ways To Tell Real Estate Agents And Investors Apart In Birmingham, AL
List Versus Buy In Birmingham
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 Sell Birmingham Home Fast – we’re buyers and we buy houses in Birmingham.
Timeline To Sell In Birmingham, AL
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.
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).
Commission Versus No Commission In Birmingham, Alabama
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.
Sell My House In Birmingham, AL
There are 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 property, get in touch with us.
In reality, selling your home is stressful, especially when you have to sell your house in Birmingham fast. You want to work with individuals who will take you seriously and get the job done! We are professional Alabama home buyers and we’re here to bring a lot of value (and a little humor) to make the process of selling your home simple (and fun)! We look forward to the opportunity of discussing whether our cash offer is the right fit for you and your situation.