Listing Wholesale Deals on the MLS !
This is a current property we have in El Paso, TX that we listed. Some people call this a "novation", some people sneak a clause in their agreement and don't even tell the seller they're listing it!! 😳
Things like that are what makes agents/government want to ban wholesaling.
There is a RIGHT way to be able to list properties on the MLS, and sellers will be fine with it.
This deal will net 20k for my company if it sells 10k under list price. (wiggle room). it's important to have the wiggle room in case offers don't come in at ask (comps were selling for 30-40k higher so this was a safe listing amount)
This works really well on those very nice houses investors don't want because there is no value-add. Sellers don't have to pay an agent (we don't pay a listing agent either) so it works out for everyone!
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3 comments
Tadela Tedemet
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Listing Wholesale Deals on the MLS !
Real Estate Wholesaling
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