The Honest Truth: What is Wholesale?

What do those “We Buy Houses” companies do?

Let’s pull back the curtain on the real estate market and talk about the difference between retail and wholesale home sales.

You may be asking yourself “Who will pay cash for my house?” “How do I sell a house quickly?” “Who buys homes for cash?”

You’re probably familiar with retail real estate.

If you’ve ever seen a FOR SALE sign in front of a house, gone to an open house, or browsed the MLS online, you have participated in the retail market for real estate.

Retail involves using a Realtor to act as your agent in the process. Bypassing the Realtor, individuals can also become their own agent. This is called “For Sale By Owner” (or FSBO).

When a homeowner uses a Realtor, the house goes “on the market.” Repairs are made, a price is chosen, it is “listed” online and often in the newspaper. Going this route also means that the homeowner will have showings. These can be “open houses” or privately scheduled events, but there will be strangers coming through the house and the homeowner is encouraged to not be present.

Other headaches in the retail home selling process include negotiations on price, inspections, remedy requests, and delays with closing while the buyer tries to get financing.

Wholesale Skips All of These Hassles

A homeowner who choses to sell wholesale will not have to do repairs, will not involve an agent or Realtor, will not have to do showings to strangers. The advantages are many, including:

  • No repairs, no cleaning, no money out of your pocket.
  • No strangers looking at your house while you are gone.
  • The sale happens on your schedule.
  • No middle-man taking a cut of your profit.
  • We pay closing costs – not you!
  • We have CASH – no financing – so the sale will happen when you are ready.

According to the Washington Post, you are a good candidate for wholesale

If you have a home that needs major work and you don’t have the time or desire to deal with tire kicking home shoppers, home inspectors and contingencies of all sorts, then these guys might be worth considering.

Read the whole story titled “Selling A Home To A Real Estate Investor” here: https://www.washingtonpost.com/blogs/where-we-live/post/selling-a-home-to-a-real-estate-investor/2012/12/11/5907944e-40bb-11e2-a2d9-822f58ac9fd5_blog.html

At Upward Home Solutions, we are the good guys.

Call Tim and Amy today!

614-705-0866


We’ve seen it all. This seller was able to walk away with CASH.