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 Orange County, and help you understand why you might want to work with one versus the other…
Thinking about selling your condo? 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 Orange County.
Ways to tell Real Estate Agents and Investors Apart in Orange County: List Versus Buy
The easiest way to tell agents from investors is to ask what they are going to do with your condo – list it or buy it. A real estate agent will list your condo on a listing service and they’ll try to find a buyer. They’ll usually need to show it to several people in order to find a buyer.
An investor, on the other hand, isn’t going to list your condo – the investor is a buyer and they will buy your condo from you directly. (That’s what we do at Fast Condo Buyers – we’re buyers and we buy condos in Orange County. 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 Orange County: 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 condo to multiple potential buyers.
An investor, though, will know exactly how long it will take to buy your condo since they’re the ones who will buy it. They have the potential to give an exact timeline (which usually depends on YOU and how quickly you want to sell).
Ways to Tell Real Estate Agents and Investors Apart in Orange County: 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 condo (usually somewhere around 6% of the sale price… or $6,000 on a $100,000 property).
An investor, however, isn’t listing your condo so there aren’t any commissions. That’s because an investor will make money by either renting the condo to a tenant or fixing up the property and selling it… so they make their money in a different way.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!