What is Wholesale in Real Estate

Wholesale is the one out of many opportunities that may help make money for real estate agents and in some cases, it is not obvious to be a real estate agent to gain benefits from wholesaling in real estate. Wholesale in real estate becomes the same big profitable business as financial trade or stocks or any other kind of trade.

On a few occasions, it is unnecessary to get huge startup investments to start a journey in as wholesale real estate activity, and it is simply enough to contract successfully with a seller and start finding a real buyer at a higher price, sell the property and keep the difference as a profit.

Sounds simple, and at the same time it is a kind of work, sometimes not so easy, as an appropriate property is needed in order to find an opportunity to make extra earnings between buying and sales price. So, what kind of property can it be and how to find this property of good profit opportunity?

Before we start searching for an appropriate estate, we need to comply with the local law and make sure that all activities are legal in a certain area. It is highly recommended to consult the local real estate lawyer and see if the specific property or local laws are suitable for wholesaling.

Besides the lawyers, it is recommended to get help from the real estate appraiser as we may need to get a professional estimation of the object that we are going to deal with. Depending on the project we are selling, we may also need to find a designer or a contractor if we plan to focus on some renovations or we plan to advise those improvements to the potential buyer.

In other words, we may need different specialists at different stages in order to get the property price evaluation to be professionally explained to the potential buyer.

Next step is to look for a property. Usually, it is a discounted problematic property that is not easy to deal with, it requires a lot of knowledge and talent to sell and it can be too much for somebody to be involved in this process. It can be a relative’s property or a damaged one, an old municipal estate or any problematic property with liens. In many ways, these properties should be offered below the estimated market price.

As we are finally ready to make an offer and we finished all the evaluations and we can prove the price for every corner in our property, we need to find the buyer, so we start searching among all possible influencing groups starting from real estate agents up to the contractors and other owners. This buyer must be an effective seller and our subject is to present ourselves as a professional real estate wholesaler who provides the best services and expertise.

Presenting a property as a wholesaler we help our sellers to get all estimations, analysis and help negotiate the deal with the potential end customer, this way the seller should have a new price property justification, potential interest and future perspectives of the deal (developing region, building infrastructure nearby or any other reason for the potential benefits of this deal)

After we evaluate the potential benefit of the property and present the title of this property to different potential influencers, we have to determine the fees. This is up to us and how we agree upon that since the influencer who looks for the potential buyer must be properly motivated. The more they are motivated the more chance to get the property sold fast. Depending on the property conditions can be different and the most problematic properties must be highly paid at the end in order to sell them as fast as possible and look as professional as we can imagine ourselves.

Real estate wholesaler is a full stack specialist being a project manager and a marketer as well since we have to be ready to evaluate, renovate, advertise and look for the potential and beneficial objects.

Minding the big number of different manipulations related to a distressed property, we recommend our lockbox as a reliable tool for contractors, designers and other real estate specialists, since the amount of visits may be doubled compared to a regular real estate sales since we need to bring appraisers or contractors at many different stages and possibly not once. Our lockbox gives an opportunity to leave a message, a business card that can bring to new beneficial contacts in the future. A lockbox will be found easily and fast thanks to a bright yellow color and unique modern design, which is totally different from the other ones hanging on the board in very crowded places. We are doing our best to make the process of key storage easy and smooth, bringing all the process to a highly professional level.