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Updated almost 8 years ago on . Most recent reply

User Stats

48
Posts
16
Votes
Richard Wormwood
  • Wholesaler
  • Grand Prairie, TX
16
Votes |
48
Posts

Wholesaled property not selling... Do I say something?

Richard Wormwood
  • Wholesaler
  • Grand Prairie, TX
Posted

I recently wholesaled a property for a comfortable profit. There was plenty of room in the ARV versus buying price for the final purchaser to rehab and sell the property with a nice tidy profit.

For knowledge and experience reasons, I followed the property on Zillow and saw that within two weeks the property was listed on the MLS and thusly, Zillow.

But there was little to NO work to the property.

I thought, "Maybe he knows it will sell without work. I'll just watch and see."

After over a month I have seen over 2000 visitations to the Zillow listing with less than a dozen people saving the property.

I personally think it is due to the state or certain rooms, general condition of the house and the high asking price.

Would you voice your concerns and observations to the buyer, now seller? Or just leave it be?

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