If you’re thinking of selling your mobile home, manufactured home, or trailer you’ll likely connect with people who want to help. Some folks 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 Austin, and help you understand why you might want to work with one versus the other…
Distinguishing between real estate agents and investors in Austin, Texas, is crucial when navigating the local real estate market, these professionals play different roles and offer unique services. But not everyone who offers to help will help in the same way. Here are 3 ways to tell real estate agents and investors apart in Austin.
Ways To Tell Real Estate Agents And Investors Apart In Austin: List Versus Buy
The easiest way to tell agents from investors is to ask what they are going to do with your mobile home – list it or buy it. A real estate agent will list your mobile home on a listing service, such as MLS , you might even find your mobile home on sites like Zillow, Redfin, Realtor.com, or Trulia. – and they’ll try to find a buyer. Real estate agents are actively involved in the buying and selling process, assisting clients in finding suitable properties, marketing listings, negotiating offers, and managing the paperwork necessary to complete the transaction. They might need to show it to several people in order to find one buyer.
Investors are typically not intermediaries in property transactions. An investor isn’t going to list your mobile home – the investor is a buyer and they will buy your mobile home from you directly. That’s what Paul and Eric do at Journey Mobile Homes – we’re buyers and we buy mobile homes (manufactured homes and trailers) in Austin, no matter the age, condition, or situation. If you want to sell your mobile home, click here and enter your information to find out how much we can offer you).
Ways To Tell Real Estate Agents And Investors Apart In Austin: Timeline To Sell
The next way to tell an agent apart from an investor is to ask about their timeline to buy. An agent generally won’t know the time because they first need to find a buyer for your mobile home. In many cases, they might be looking at 3-12 months during which they’ll show the mobile home to multiple potential buyers. And in rare cases a real estate agent may not be able to find a qualified buyer at all.
An investor, though, will know exactly how long it will take to buy your mobile home since they’re the ones who will buy it. They will generally have an exact timeline based on how long you need to move and how quickly you need to sell.
Ways To Tell Real Estate Agents And Investors Apart In Austin: 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 or percentage of the sale price on the mobile home, typically paid by the seller (which could be somewhere around 6% of the sale price… or $3,000 on a $50,000 house).
An investor, however, isn’t listing your mobile home so there aren’t any commissions. Investors make money by acquiring and profiting from real estate – an investor will make money by either renting the mobile home to a tenant or fixing up the mobile home and selling it, so they make their money in a different way.
There are other ways to tell an agent or investor apart, the easiest way to find out is to just ask! And lastly, always check to see if your agent or if the investor you choose to work with is licensed in your state!