If you’re thinking of selling, you’ll likely connect with people who want to help. You will likely encounter individuals who are eager to assist you. Among them will be real estate agents and investors. In Chicago, it is essential distinguish between these two groups. In this article blog I will outline a few ways to tell real estate agents and investors apart, helping you understand the advantages of working with one over the other.
To be specific, i will give you about 3 ways to tell real estate agents and investors apart in Chicago, and help you understand why you might want to work with one versus the other…
Ways To Tell Real Estate Agents And Investors Apart In Chicago: List Versus Buy
When it comes to differentiating between agents and investors in Chicago, the simplest approach is to inquire about their plans for your house – list it or buy it. A real estate agent will list your property on a listing service and endeavor to find a buyer. They may need to show the house to multiple individuals before securing a suitable buyer.
In contrast, an investor will not list your house but rather act as a direct buyer – the investor is a Trusted A+ BBB Buyer and they will buy your house from you directly. At One Piece Home Buyers, we specialize in purchasing houses in Chicago in as-is condition and we’ll pay All the closing costs associated with the transaction. That’s what we do at One Piece Home Buyers – we’re buyers and we buy houses in Chicago. 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 Chicago: 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.
Conversely, An investor will know exactly how long it will take to buy your house since. In fact, they will have a precise timeline for purchasing your house since they are the direct buyers. The exact timeline could depend on you and how quickly you want to sell).
Ways To Tell Real Estate Agents And Investors Apart In Chicago: Commission Versus No Commission
This one is crucial! Perhaps the most crucial distinction between agents and investors lies in the matter of commissions. An agent earns their income by finding a buyer and subsequently charging a commission fee on the sale price, This may take time and 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).
On the other hand, an investor does not list your house and therefore does not require any commissions. There aren’t any commissions for you to worry about. In contrast, we save you from paying commissions and also pay All your closing costs. See, Investors generate income by either renting the property to tenants or renovating it and reselling it, employing different methods to make a profit.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!