Advice Topics
- Buying (210)
- Selling (220)
- Renting (41)
- Market News & Trends (12)
- Finance & Legal Info (99)
- Tips & Advice (100)
- Working With an Agent (55)
- Marketing (4)
- Investing (16)
- Affordable Housing (20)
- Green Housing (2)
- Schools (1)
- Remodeling (35)
- International Real Estate (8)
- Terms & Definitions (27)
- Home Loans (17)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
What is wholesale real estate?
What is wholesale real estate? How many agents are involved in the transaction?
Asked By Kyle | Tampa, FL | 1133 views | Terms Definitions | Created 2 years ago
Answer(4)
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.
- 2 years ago
Helpful (1)
Unhelpful (0)
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.
- 2 years ago
- Helpful (1)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
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.
- 2 years ago
- Helpful (1)
- Unhelpful (0)
Amanda Courtney
REP Realty Group
Wholesaling is when someone puts a property under contract (usually distressed/off-market) and then assigns that contract to another buyer for a fee—without ever buying the home themselves.
- 2 weeks ago
- Helpful (0)
- Unhelpful (0)
Related Questions
-
What is a quick sale in real estate?
What is a quick sale in real estate?
- Asked by Ari M
- San Jose, CA
- 3830 views
- Terms & Definitions
- Updated 2 months ago
-
What is the purpose of an escrow?
I don't own a home but hope to this spring. I've heard people talk about escrow, but I have no idea what it is or why I need it. Can you help me?
- Asked by Meredith K
- Greenwich, CT
- 1688 views
- Terms & Definitions
- Created 3 years ago