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 California, and help you understand why you might want to work with one versus the other…
Thinking about selling your property? You might be approached by a bunch of different people who are all eager 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 California.
Ways To Tell Real Estate Agents And Investors Apart In California: List Versus Buy
The easiest way to tell agents from investors is to ask what they are going to do with your land– list it or buy it. A real estate agent will list your property 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 property – the investor is a buyer and they will buy your property from you directly. (That’s what we do at Stonescape Properties, LLC – we’re buyers and we buy land in California and surrounding areas. If you want to sell your land, click here and enter your information to find out how much we can pay).
Ways To Tell Real Estate Agents And Investors Apart In California: 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 list your property and find the buyer first. In many cases, they might be looking at 1 to 2 years during which they’ll show the land to multiple potential buyers.
An investor, though, will know exactly how long it will take to buy your property since they’re the ones who will buy it. They will have a short and exact timeline (which could depend on you and how quickly you want to sell).
Ways To Tell Real Estate Agents And Investors Apart In California: 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 sale (which could be somewhere around 10% of the sale price… or $10,000 on a $100,000 plot of land).
An investor, however, isn’t listing your land so there are no commissions. That’s because an investor will make money by improving and/or reselling the land… 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!