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Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Jonathan X Sanchez
  • Rental Property Investor
  • Beaverton, OR
5
Votes |
18
Posts

My friend wants me to help sell a house

Jonathan X Sanchez
  • Rental Property Investor
  • Beaverton, OR
Posted

Me and a friend got involved in wholesaling last year. We took a break due to some life issues, but now he contacted me about his friend that is trying to sell his home, without a realtor. He wants to sell the home for $210,000, and after looking at the comps, the houses around that area in the last 3 months, sold for $190,000-$240,000. 


I will be calling him today to discuss selling the home, but I want to wholesale the property (Offering around $140,000). I'm just not sure how to navigate the conversation if he asks why can't I sell it for $210,000. He also owe's $125,000 on the house. 

Most Popular Reply

User Stats

379
Posts
242
Votes
Jamiel Strickland
  • Rental Property Investor
  • Detroit, MI
242
Votes |
379
Posts
Jamiel Strickland
  • Rental Property Investor
  • Detroit, MI
Replied

@Jonathan X Sanchez,

You can't force someone to be motivated maybe the best route for him is to use realtor. Wholesaling is used to sell quicker than traditional route and more convenient for the sacrifice of price. If he is okay with being patient and house is in good condition and has no motivation maybe best he use a realtor. If he is motivated, needs to sell fast with cash, and like has repairs needed then that how you answer his question when he wonders why your going low to sell.

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