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Updated about 2 months ago on . Most recent reply

User Stats

7
Posts
6
Votes
Leah A.
6
Votes |
7
Posts

Seller looking for wholesaler

Leah A.
Posted

I'm looking into alternative ways to sell a rundown house for my parents. The house is no longer occupied and needs work. It is a large, old Victorian in a small, rural town. We had a couple "we buy ugly houses" type companies come in and offer less than even the lot itself is worth. I know there is cost to tear down, but feel that even though the house needs work it is more valuable than the offers. There is a mortgage so that also adds to the amount desired, though my inexperienced self still feels it would sell for a pretty penny once fixed up. Is this a situation where we (as sellers) would reach out to a wholesaler? Or if those big companies don't want it, is that an indication that no investor would want it? Perhaps sellers do not contact wholesalers at all? Thanks in advance for any input. 

Most Popular Reply

User Stats

12
Posts
13
Votes
Geoffrey Rickaby
  • Real Estate Agent
  • West Bend, WI
13
Votes |
12
Posts
Geoffrey Rickaby
  • Real Estate Agent
  • West Bend, WI
Replied

You should list the property with an agent. You will get more for the property versus selling it to a private party or wholesaler. I understand the condition of the property may not be great, but if you're just trying to get rid of the property, then why does the condition matter to you?

  • Geoffrey Rickaby

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