If you have a property in the Chicago area that you are considering selling you’ll want to be sure to connect with the right people to get the property sold. The overall condition of the property you are trying to sell should guide you to the right type of person to speak with.
For example, if you have completely rehabbed your property with a brand-new kitchen, bathrooms, paint, and floors then your end buyer will most likely be someone who purchases the property to live. In order to find this buyer, you’ll most likely want to connect with a great local real estate agent who can help.
However, if the property you are considering selling needs some work done to it then the buyer you are looking for is someone capable of purchasing the property as-is and willing to do the repairs. Local investors such as Blue Ladder Development can purchase the fixer upper property directly from you so you can avoid paying commissions and dealing with the hassle of going on market.
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 Chicago.
Ways To Tell Real Estate Agents And Investors Apart In Chicago: List Versus Buy
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 Blue Ladder Development – 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.
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).
Ways To Tell Real Estate Agents And Investors Apart In Chicago: 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 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.
There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!