what is real estate wholesaling

Best answer


Real estate wholesaling is abusiness venture in which a wholesaler enters into a contract with a property owner and then assigns the contract to an end buyer for a profit. The wholesaler makes money when the buyer agrees to pay more than the sale price that’s been promised to the seller.

People also ask


  • How does real estate wholesaling work?

  • Here an example of how real estate wholesaling works: First, a wholesaler finds someone who agrees to sell their property at a discount. Let say the seller wants $90,000 to sell their property. The seller enters into a purchase agreement with the wholesaler, but the wholesaler doesn buy the property outright.

  • What does it mean to be a wholesaler in real estate?

  • Instead, a real estate wholesaler sells contracts with the right to buy a property to a third party ?typically a cash buyer or real estate investor. Wholesalers collect a fee for their work. 淚 would define real estate wholesaling as being a matchmaker.

  • How can a real estate attorney help a wholesaler?

  • A real estate attorney should help wholesalers draw up contracts that will limit their financial liability if a transaction is canceled. Wholesalers should explain clearly that they檙e advertising a legal interest to buy a property, and not selling the property itself.

  • Is wholesaling real estate legal in NY?

  • Is wholesaling real estate legal? Wholesaling is legal, but wholesalers can run into thorny issues. A real estate attorney should help wholesalers draw up contracts that will limit their financial liability if a transaction is canceled.

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