If you’re thinking of selling your vacant land, you’ll likely find 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 Tennessee, and help you understand why you might want to work with one over the other…
Thinking about selling your land? You might be approached by a number of people who offer to help you sell your property. But not everyone who offers to help will help in the same way. Some are real estate agents, other are land investors and they’ll help you in different ways. Here are 3 ways to tell real estate agents and investors apart in Tennessee.
Ways To Tell Real Estate Agents And Investors Apart In Tennessee: 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 land on a listing service and they’ll try to find a buyer. They will likely need to show it to several people in order to find one buyer.
A land investor, on the other hand, isn’t going to list your land – the investor is a buyer and they will buy your raw land from you directly. (That’s what we do at Turbo Land Offers – we’re buyers and we buy vacant land in Tennessee. 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 Tennessee: 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. Selling land is a slow process, so they might be looking at 6-12 months (or more!) during which they’ll show the land to multiple potential buyers.
An investor, however, will know exactly how long it will take to buy your land since they’re the ones who will buy it. They will have a more exact timeline (which could depend on you and how quickly you want to sell).
Ways To Tell Real Estate Agents And Investors Apart In Tennessee: 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 land. This typically is 10% of the sale price!
An investor, however, isn’t listing your land so there aren’t any commissions. That’s because a land investor will make money by either developing the land or selling it… so they make their money in a different way.
There are other ways to tell a real estate agent or investor apart. The best thing to do is just ask… they’ll tell you!