Do you wish to sell properties online but don’t know whom to approach? Well, we are here to suggest and help you pick the right person. Many homeowners contact real estate brokers to sell their homes so that they can make more money. You can also contact Real Estate Investors to sell your house. But, it is advisable to consider both before choosing one to determine which one suits you the most.

You might think what is the difference between both of them anyway? The difference is negligible as they both generate revenue from the same field. Scroll down to know the difference between a real estate agent and a real estate investor.

License Plays an Important Role

To make valid transactions it is important for a real estate agent to have a license. An agent requires a license of his/her particular state of service. An agent should have a license to act as a representative for other people to buy or sell homes. On the other hand, an investor does not require a license to run the business.  

Commission Has Different Aspects

The commission involves agents and investors, while the methods of extraction are different.

What is Real Estate Agent?

Real estate agents earn a commission on every sale carried out by them. The amount can be anywhere from 1-5% of the total share inclusive of the other costs. Agents rely on the sale price of a property to determine how much commission they receive. The higher the price, the higher the commission.

Maintaining The Integrity of the Brand Has Diverse Ways

Real estate agents make sure to market their brand name to attract clients. Networking using websites and business cards can help Agents to expand their network. Real estate investors on the other hand do not spend a lot on marketing. They use signboards with ‘we buy ugly house’ or ‘we buy house for cash’ written on them. These signs are placed in cities or nearby yards, which can be easily spotted from a distance. Retaining the integrity of the brand may have different modes, but the motto stays the same.

Involvement of the Brokers

Real estate agents have to work under brokers. Agents work for brokers after completing their training and receiving a state-issued license. A real estate investor does not have the need to work under a licensed broker isn’t mandatory.

How Elite Properties Is Better Than Any Other Agent

Agents:  Real estate agents sell home with the help of MLS also known as Multiple Listing Service

Elite Properties (Investor): We buy houses individually without any listings

Agents:  You’ll have to pay closing as well as additional costs to cover a sale.

Elite Properties (Investor): We cover everything inclusive of closing costs and legal fees to make your home sale process easy

Agents: A traditional home sale through an agent will take approximately 30-60 days to close a deal

Elite Properties (Investor): We close a deal in as less as 7 days

Conclusion

Picking the right person to sell your house is vital. One has to research their options before proceeding with a home sale. Elite Properties is a cash buying company, we sell your house in 3 days in any condition and at any location. Furthermore, we will also pay your legal fees and closing costs. Call us at 718-977-5462 or visit our website https://www.elitepropertiesny.com/ to know more about the home selling process.

We know there are many reasons to enhance the curb appeal of your house and increase its resale value. Many homeowners, although, are not aware of the reasons which may reduce the house’s worth. Selling your house needs a lot of attention either with the upkeep or the functional aspects of the structure. A buyer on the other hand will check the aesthetical appearance as well as the condition of the house.

Factors like bad location, old construction, and crime rates can potentially lower the value of a house. It is a well-known fact that a good house will never sit in the inventory for a long time. If you are a seller and want to sell properties online, you must check the ‘5 Reasons That May Reduce The Value Of A House.’

Following are the points which may reduce your home’s worth –                                  

1. A Shabby Exterior Facade

If you want to sell a home fast for cash, a good-looking exterior is a must. Potential buyers pay attention to the exterior surfaces as nobody wants the extra maintenance cost while buying a house. As wisely put,

‘The first impression is the last impression it applies in home sales as well.”

According to a survey, potential home buyers only take 10 seconds to like a property, just by looking at its exteriors. Conclusively, it is always good to maintain the home’s exterior beauty to sustain its value in the market. Adding a fresh coat of paint, mowing, and cleaning the lawn may make a huge visible difference.

2. Inefficient Energy Ratings

Since 2018 energy performance certificates were introduced in the market to comprehend the energy efficiency of a house. Energy efficiency is correspondent to the pricing of a home, the higher the ratings higher the property prices will be. It is illegal to sell or put your house on rent if your energy-efficiency rating is below ‘E’ on the unit. Many buyers end up purchasing the property and paying huge electricity bills reason being the poor energy ratings. A good energy rating can shoot your home’s worth by approximately 14%, which is a great profit margin for home sellers.

3. Poor Locality

A locality is a compilation of good schools, hospitals, and departmental stores, no crime rates, and easy access to multiple places. To sell your house fast for cash in NY it becomes essential to have basic amenities accessible. A study shows how proximity to certain places can decrease your home’s worth by a specific amount of percentage (sources).

• Bad school – 22%
• Strip clubs – 14.7%
• Homeless shelters 12.7%
• Cemetery – 12.3%
• Funeral homes – 6.5%
• Power plants – 5.3%
• Shooting ranges – 3.7%

If your home is around these places you’ll have to work more on the aesthetics so that no one walks past your house. Additionally, foreclosures in the neighborhood make a bad impact on the home sale. While selling your house, appraisers look at the comparable selling price in the neighborhood. The equivalent price played an important role in estimating your property’s worth and foreclosed houses may turn down the appeal.

4. The Escalating Mortgage Rates

The formula of home selling predominantly depends on the mortgage rate in the market. A high mortgage rate means fewer buyers whereas; a low mortgage rate means more buyers. Potential buyers usually start their hunt when mortgage rates are low as the monthly repayment fits into their budget.

Home affordability decreases for buyers when the rates are high as they pay extra over the life of a loan. As a seller, increased mortgage rates don’t help you to sell your house fast. Your home isn’t valuable for buyers because they pay extra on the home as well as the mortgage repayment.

5. Additional Points To Consider

We’ve spoken about a house’s aesthetics or curb appeal, which plays a huge role in home selling. There are certain things that lower your house’s worth like installing a pool, doing excessive DIYs, cluttered rooms, poor HVAC systems, etc. 

There are specific things to keep in mind before listing your home on the market –

• Take care of the plumbing and upkeep
• Remove the shabby wallpapers
• De-clutter your house; get rid of the extra things in your home
• Keep the decor to a minimum
• Remove the carpets which cover the whole floor
• Mow and clean the lawn, whether it’s a front or a backyard
• Get rid of invasive plant species or climbers
• Keep your pets at pay (while walkthroughs)

We comprehend a house is not just a structure it also has many memories attached to it. Suicides or violent deaths in a home can be a big reason for people to back out from buying it. It is advised to disclose little details to build transparency with potential buyers to avoid hassles later.

The Takeaway on the Value of a House

Selling a house is a daunting task and there are multiple things that may add to and reduce the value of your house. If you want to sell remodeled houses or you want to sell your house as-is, get in touch with Elite Properties. We buy houses for cash which allows you to employ the yields of the sale as per your preferences. Additionally, we buy houses in any condition that eludes the hassles of maintenance and legal processes.

If you have other queries related to the topic or you want to know more about the home selling process call us today at 718-977-5462.