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What is wholesale real estate?
What is wholesale real estate? How many agents are involved in the transaction?
Asked By Kyle | Tampa, FL | 398 views | Terms Definitions | 1 year ago
Answer(3)
Chris Yochum
Dickson Realty
Wholesaling is when you obtain a contract on a property with a seller to purchase, then you find another buyer that is willing to pay more for the property and profit from the difference the contract you have with the seller and new buyer. Most of the time there is no agent, though sometimes licensed agents will wholesale. In those case, usually just the one agent.
- 1 year ago
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Lisa and Greg Harris
eXp Realty, LLC
Wholesale is when an investor puts a home under contract with an owner and then finds a buyer of the contract without it actually going in their name. There are often not agents involved. there are some states that are taking steps to highly regulate or outlaw this practice as they are "practicing real estate without a license" There are more factors than just these steps, but this is a basic idea.
- 1 year ago
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Lynne Pruell
Realty 100 LLC
Wholesale real estate can be a lucrative business for those who are skilled at finding great deals and have a network of real estate investors to assign contracts to. However, it requires knowledge of the real estate market and legal contracts, as well as negotiation skills to secure profitable deals.
- 1 year ago
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