Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago, 12/22/2020
Posting Wholesale Deals on the MLS
I am an agent in PA, some states do not allow you to do this so please check your local and state laws.
My number one client is a wholesaler here in my local market of York, PA. He has brought me about 7 listings in the past month and a half maybe two months. In PA if you have a property under contract to purchase you have an equitable right to the property and have the ability to sign a listing agreement with an agent to put the property on the market (make sure you put you are allowed to market the property on the MLS in your wholesale agreement of sale).
We have been able to sell properties that they would not have been able to sell because they did not have access to buyers in the area and we often sell properties for more than they would have gotten for a normal cash deal. You need to be very transparent with the owner of the property because the situation could get very sticky fast if they do not know what you are doing. Not every wholesale deal is right for this option.
I could go on for a while about this topic because it has been so beneficial to me and my clients. Let me know if you have ever done this or if you have any questions I would be glad to chat about it.