Property wholesaling is the direct process of locating deep discount parcels. These properties are made possible by contacting motivated sellers. The main concern of wholesale investors is to find motivated sellers and corresponding properties and match those properties according to their buyer’s specifications.
To set yourself up for success an investor needs to consider all of options in purchasing real estate. Using the conventional way to purchase property will always be around and will always have benefits–find an agent, your agent locates properties to view according to your wants and desires, you and the agent submit an offer to seller’s agent; and if the seller isn’t a bank, you may be lucky to negotiate the offer in a timely fashion. A better option is purchasing properties from wholesalers. The wholesalers will purchase the properties in trendy areas, such as Fayetteville, Raeford, Jack Britt and offer you a quick answer on your offer.
Real Estate Purchases take place every day. According to Trulia, there are currently 2,799 homes for sale in Fayetteville and 1,537 have recently sold, AND there are currently 3,266 homes for sale in Fayetteville and 5,255 have recently sold, which tells me the market is alive for the right property at the right price. The same investing principle applies in a cold, as well as hot market- purchase at a low or “WHOLESALE” price and sell at a high or “RETAIL” price.
There will always be motivated homeowners that need to sell their property for a variety of reasons including banks that must liquidate the asset, old rentals property, divorce, foreclosure, or inheritance. There are always properties available that can be bought wholesale, then renovated and re-sold (“FLIPPED”) to a retail buyer or held as a long-term, wealth building investment. Finding motivated sellers is the key to any wholesaling business, and they focus on finding properties that meet their investor’s needs.
If you decide you would like to buy a home to flip and sell OR buy and hold, you can use a Professional Wholesaler that has the ability to located, evaluated and quite often present the properties to a potential investor in the area. Personable companies are becoming fewer everyday and the sense of quality is higher when these deals are presented directly to the investor either by personal email or direct phone call. When a wholesaler is contacted by an investor and is given property, location, and price parameters, the wholesaler has a shopping list and will diligently work towards finding properties that meet the investor’s requirements.
Derrick is a Memphis native specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses over 8 years of experience in real estate investing and property management in the Memphis and Nashville markets… Learn More…… www.memphisbuyandhold.com