What is a real estate wholesaler? Imagine that you’re thinking about selling your house. You aren’t selling because you’re looking to move to a bigger house. You’re moving because you can’t keep up with the one you’re in. Maybe you’ve missed payments. Maybe things are falling apart faster than you can fix them. Maybe you’re just financially bleeding out because all the costs of owning your home keep going up.
You have too much baggage around your house for any normal new homebuyer to be interested. It needs $50,000.00 in repairs, or you owe $20,000.00 in back taxes. You can’t afford to live in this house another month, but you know that if you list with a real estate agent it’s going to take at least several months.
So what do you do?
Not all investors flip properties or buy rentals. A Wholesaler is an investor who specializes in finding sensible properties for other investors. In many ways they’re similar to agents. For example, they work to get a property out of the seller’s hands, and into the hands of the buyer. They also will showcase your house to many potential buyers just as an agent does.
But there also some key differences that can make a wholesaler far more effective than an agent in getting your property sold quickly…..and for a fair price. The main advantage to working with wholesalers is that they have all the right connections with the people who can make the most out of your property.
For example. Let’s say you can’t wait 4 to 6 months for a retail buyer to get approved for a traditional mortgage from a bank. The wholesaler already has a list of cash buyers who can close in several weeks or less.
Another is example is when the needed repairs scare away buyers, or even the banks themselves. Wholesalers know the investors that can get the repairs done way cheaper than any average Joe could. They have such skilled teams, and they do so many projects a year, that the labor and material costs are only a fraction of what you or a regular buyer would have to pay. That often means the wholesaler has the connections to get you more money for a home than most agents could.
Lastly, wholesalers speak the language investors understand. Turning to an agent who’s more used to selling move in ready homes means they may not know how to showcase the property to an investor. On the other hand, the wholesaler already knows exactly how to draw up contracts, calculate accurate repair costs, and factor in all the variables that only cash buyer investors deal with. This means the wholesaler can bring a level of speed, accuracy, and simplicity to the sale of your property in a way many agents can’t.
If you’re looking to sell, but have some tough challenges with your property, we’re always here to help. Please visit us any time at www.surrealpropertysolutions.com. We’re happy to do a free analysis of your home, and get you a cash offer in as little as a few days.