One of the easiest and quickest way of selling real estate properties is wholesaling.
It's making the sale other than a retail sale. Most of the time, it involves sales in quantity at a lower cost, lower than the average retail price. In the absence of wholesalers, land developers would have a tough job of selling properties to a number of customers at a high price per unit. Same inconvenience would have been for buyers as they would have to deal with numerous counts of suppliers.
To help you out make that wholesale, let me elaborate significant 'must haves' to consider: Timing, Experience, Network and Trend. Altogether, these skills will make you a successful wholesaler.
More than having found a motivated seller, the most important factor to consider is right timing. Yes, timing is everything. Timing is more often than not, dictated by market trends. Realize that your market's main objective is to purchase a property that is above expectations, is in a good location and of low cost. In order for you to have a good sale achieving this objective, you should know your market through a list of networks. Just as when you are preparing to know the trends, it is also important to have a list of buyers. You should have a range of prices for you to know the 'marketable price value' of your prospective house to whole sale. It is ideal to have a list of prospective buyers on hand. Having that list will help you justify the market trend and the preference of your prospective buyers. Most importantly, will enable you to sell the house you bought in no time. Your goal to get a quick return investment is to get it as quick as you can. Included on your objectives of doing this is to prevent other expenses that come when buying a house. Hence, knowing who will buy it is minimizing the cost you need to shoulder. Realize an ideal situationby being efficient, backed up by the skills enumerated, you get a house for a cheap price and mark up an amount with less added cost.
True enough, experience plays an advantage to real estate business. In its absence, your advantage is to have a list of do's and don'ts that competitors do not consider in this business of reality.
After the 'must haves' of wholesaling, let's discuss what's in store for you.
Fast Cash wholesaling will let you collect huge amount of money the quickest possible way.
One time- Big time sale realize the amount of time and effort you have to spend selling, say, 10 house units individually. That's retailing, another way of marketing real estate property. It's when you have to deal with a buyer or broker ten times compared to wholesale. Pretty simple analogy; wholesaling eliminates the 'too many to handle' hassle.
Flexibility this provides you a make or break choice. You can always trust that gut feeling as to when to sell the property. Let's make it simple, how you would handle this situation after selling 3 units out of a total of 10, you decided to cool off in marketing. How do you think you can stop marketing when timing and/or market trend will be an issue?
Up to 15 Grand projection of profit is what you can make out of wholesaling depending of course on the type and location. At the same time counting how much profit you will make yourself, you always have to consider that of the buyer. It is recommended to discuss (some) of the things (skills and benefits) to your prospective buyer to enlighten and equip the person in marketing the properties. It's a win-win situation for you; you make the cut at the same time gain a good reputation as an effective wholesaler. After all, not detailing justification to your client will surely burn the deal!