A wholesaler offers homeowners an option when they are trying to sell
a property; typically, these houses are in a state of severe disrepair
and often don’t garner their market value with a traditional listing on
the MLS. Seen as bargains by typical buyers, offers, though rare, are
usually insultingly low offers. Wholesalers are dedicated to building
strong networks and maintaining a list of ready buyers, ready to
purchase and rehabilitate properties, and willing to pay a fee to the
wholesaler for their service.
Serving as a connection between the seller and buyer, the wholesaler
acquires a contract on your property. Wholesalers then locate an end
buyer, assigning the sales contract on the property over to them. The
assigned buyers almost always buy the home immediately, ready to close
quickly with cash in hand.
Read on as we discuss the three fundamental differences between property wholesalers and Belleville real estate agents.
Guarantees
An agent has no guarantees to offer, not even about when or even if
your property will sell, one of the significant differences between
property wholesalers and Belleville real estate agents. In addition,
further depleting your profits are any necessary repairs if you don’t
pass the inspection. An agent simply cannot guarantee how much any
repairs or updates to the property will cost. Of course, if the buyers
don’t walk away from the deal altogether, you could offer to deduct the
remaining repairs at closing as a credit to the buyers for issues
discovered during an inspection. Often, buyers in this position counter
with ridiculously overpriced estimates of the repairs and demand further
deductions. However, a wholesaler will offer your house for sale in
as-is condition; you can forget your worries about passing the
inspection. Wholesalers like those at Cardinal Creek Properties can
indeed provide you with a closing date for your property upfront. Then,
you can begin planning your move.
Savings
Wholesalers not only save you time with their fast closings, but they
can also save you a significant amount of money because they don’t work
on commission; one of the main differences between property wholesalers
and Belleville real estate agents. The job you are hiring a real estate
agent for, in essence, is to bring a buyer to your door. However,
wholesalers like those at Cardinal Creek Properties offer to get you
buyers, with none of the waiting or efforts to prepping for a
traditional listing on the MLS or jumping through hoops to help your
buyers gain approval for their mortgage loans. As a result, you will
realize additional savings because you won’t be left to continue to pay
the monthly bills while holding onto the property for months, waiting
for a buyer.
Expenses
Real estate agents understand that your must appeal to buyers;
therefore, they set about advising you on the steps to take, which all
come out of your pocket. Unfortunately, agents can be expensive to work
with, prepping the property for showings and professional photography
for marketing before the home is ready to list. Add to this the costs of
listing, passing inspections, and closing costs. But, on the other
hand, it will not cost you a thing upfront to sell your home to a
Belleville property wholesaler, like those at Cardinal Creek Properties
who require none of the above.
There are critical differences between property wholesalers like
Cardinal Creek Properties and Belleville real estate agents, which can
greatly benefit homeowners in situations that do not fit the typical
mold for a conventional listing with a real estate agent. Find out for
yourself today with no obligation how the wholesalers at Cardinal Creek
Properties can help you. Call Cardinal Creek Properties at (314)
467-8137 or send us a message to learn more.
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