A wholesaler can provide homeowners with an alternative option when trying to sell a property, especially if the house is in a state of severe disrepair and unlikely to fetch its full market value through a traditional MLS listing. While traditional buyers may consider such properties as bargains, their offers are often insultingly low. Wholesalers, on the other hand, focus on building robust networks and maintaining a list of potential buyers who are willing to purchase and renovate these properties. In exchange for their services, wholesalers typically charge a fee to the buyer.
The wholesaler’s role is to act as a liaison between the seller and buyer, securing a contract on the property from the seller. Once the contract is secured, the wholesaler locates an end buyer and assigns the sales contract to them. End buyers are typically eager to purchase the property and are prepared to do so with cash in hand, allowing for a quick closing process.
In the following paragraphs, we’ll delve into the primary ways in which property wholesalers differ from real estate agents in Belleville. By understanding these differences, you’ll be better equipped to make an informed decision when it comes to selling your property.
Guarantees
One significant distinction between property wholesalers and Belleville real estate agents is that an agent cannot provide any guarantees about when or even if your property will sell, leaving you uncertain about your profits. Moreover, if your property doesn’t pass inspection, necessary repairs can further diminish your profits. It’s impossible for an agent to guarantee the cost of any repairs or updates required for the property. If the buyers don’t abandon the deal altogether, you might offer to credit the remaining repairs at closing, but buyers may counter with unreasonably high estimates for repairs and demand further reductions. Conversely, Cardinal Creek Properties wholesalers will market your property in its current condition, allowing you to avoid the hassle of passing inspections. They can also provide you with an upfront closing date, enabling you to plan your relocation efficiently.
Savings
Property wholesalers can not only provide a faster closing time, but they can also help you save a substantial amount of money. Unlike real estate agents in Belleville, wholesalers do not work on commission. This means that you won’t have to pay a percentage of your property’s sale price as commission fees.
The primary job of a real estate agent is to bring potential buyers to your property. However, wholesalers, such as those at Cardinal Creek Properties, can offer to bring buyers to you without the need for a traditional MLS listing or waiting for mortgage loan approvals. This approach can save you additional costs associated with holding onto the property for an extended period while paying monthly bills.
In summary, wholesalers can provide a more cost-effective and time-efficient solution for selling your property compared to traditional real estate agents in Belleville.
Expenses
When it comes to selling your property, real estate agents often suggest steps to appeal to potential buyers, which can come at a significant cost to you. The expenses may include preparing the property for showings, investing in professional photography for marketing, covering listing fees, inspection costs, and closing expenses. As a result, working with real estate agents can be expensive.
However, selling your home to a property wholesaler in Belleville, such as those at Cardinal Creek Properties, can save you money as they do not require any of the above. Unlike real estate agents, wholesalers do not charge upfront costs, and you won’t have to worry about investing in costly repairs or marketing expenses. This can help you save money and sell your property faster.
If your situation as a homeowner falls outside the standard mold of a conventional listing with a real estate agent, it’s essential to understand the key differences between property wholesalers like Cardinal Creek Properties and Belleville real estate agents. These differences can significantly benefit you.
To explore these differences and discover how the wholesalers at Cardinal Creek Properties can help you without any obligation, contact us today. You can call (314) 467-8137 or send us a message to learn more. Don’t hesitate to reach out and find out how we can assist you in selling your property.