Many real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 4-6% of the sale price of your house. Example: if it’s a $100,000 house, you’ll be responsible to pay between $4,000 – $6,000 in commissions to an agent). Agents can provide a great service for those who are into seeking a quick close or unable to make necessary repairs.
That is the difference. We’re not agents, we’re home buyers. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days.