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RE Wholerssalers prices
Hi All,
I have a question that I hope someone can help me with. I have been looking at wholesaler property listings that were sent to me from the summer time. The prices that many of the properties actually sold for was between $10,000 - 20,000 less than the wholesalers had them advertised for. I am really confused. Can someone please explain to me how the properties sell for less than what the wholesalers advertise them for?
Thanks in advance!
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Wholesalers screw up!?!?!
Look up "distressed value" here on BP, that may shed light on things like market value (which you might look up the definition of on a n appraisal site).
My guess, the wholesaler advertised to make a killing, had no idea what they were doing and ended up taking much less. Just like most everyone has at one time or another. :)
Good luck :)