A mule – a cross between a donkey and a horse – is a hybrid. But why do we need or even want such a creature? Well, it’s because the hybrid is in many ways better than either of its two progenitors, combining the best qualities of each. Simply put, you get the best of both worlds. And that’s how it works with a hybrid agent who combines the best that a traditional real estate agent can offer with the advantages of an investor. So let’s dig a little deeper and see what working with a hybrid agent and investor in will mean for you.
What Is a Hybrid Agent?
Many in the industry say that working as a hybrid agent is as much a concept as it is a business model. It combines the best of traditional real estate services with an iBuyer or investor buyer option. The whole thing is really a paradigm shift.
In the old model (or paradigm) buyers and sellers simply go to a traditional real estate agent right out of the gate because that’s all they know. But now that almost everyone goes online first thing, buyers and sellers are doing part of the work the traditional agent formerly handled – which means that sellers especially may welcome selling alternatives.
And that’s what a hybrid agent in offers . . .
Because a hybrid agent is both a licensed real estate agent and an investor, you have the alternatives of listing on the MLS or selling directly to the agent-as-investor – or marketing both ways simultaneously.
Here’s an illustrative example of that third option at work . . .
One agency uses hybrid agents and uses a traditional listing in conjunction with a scheduled auction. They set a date for an auction (with a minimum acceptable bid specified) and also at the same timeliest the property on the MLS and other marketing/selling venues.
Sellers can then see which option presents the best opportunity for them when bids and offers come in and choose what they want. They can take the quicker auction route, or they can hold out for more money with the listing route.
Advantages of Working With a Hybrid Agent/Investor in
Working with hybrid agents offers all the advantages of a traditional listing such as . . .
BROAD MARKETING EXPOSURE
Agents are savvy marketers, both traditionally and digitally. And this provides the necessary exposure and marketing reach to get your listing in front of buyers’ eyes, typically resulting in a better deal for you.
Using a hybrid agent to list your property can provide you the requisite assistance needed for handling all the legal intricacies and successfully navigating the complex transaction. A good hybrid agent will also have a thorough understanding of the local market and will have a broad professional network to call on for the other professionals you’ll need to complete a real estate transaction: appraisers, inspectors, real estate attorneys, and more.
A huge advantage of using a hybrid agent to list your property is that you’ll have the benefit of your agent’s negotiating experience and skill. Your agent, by deploying this skill, can get you the best deal possible when it comes to price, concessions, and closing date.
But you also get the benefits (if you choose) of selling directly to an investor when you use a hybrid agent, for example . . .
SALE IN AS-IS CONDITION
With a hybrid agent, you also have the option of selling directly to the agent-as-investor – which typically means an as-is sale. You won’t have to go to all the trouble and expense of, say, refurbishing the kitchen or making expensive repairs. The result may be more profit for you, even though the sale price is slightly lower, because repairs can be enormously costly.
QUICKER AND EASIER CLOSING
Selling directly almost always means closing sooner and with far less headache. “Since. . . investors purchase with all cash, you can sell your property as soon as your two parties agree on the conditions of sale. The average time it takes sellers to close with an all-cash investor is two weeks. If you’re selling to a buyer who needs a mortgage, it’ll take you 60 days’ minimum.”
As we just indicated sellers typically pay cash. A hybrid agent in her investor capacity won’t try to lowball you, but will, rather, offer a fair cash price. You get the full sale the price in your pocket without all the usual hassle involved in receiving payment with listing setup.
With a cash offer, you’ll also have fewer delays and less risk. When you list your house and accept an offer, you still have to wait for the buyer to secure financing. And even if the “buyer has been pre-approved for a loan, the lender can decide the buyer’s credit-worthiness has changed and refuse to issue the funds needed to buy your home.” Then you have to start again from scratch and find another buyer.
Get the Hybrid Agent Advantage
As you can see, then, working with a hybrid agent – one who is both a real estate agent and an investor – has many advantages and benefits. And you aren’t locked into just one selling route – you have options. So if you’re ready to cash in on using a hybrid agent and investor in market_city], contact us today at 866-593-7012.