MLS Wholesaling?

[Clint Weir]

If one were to want to wholesale a property found on the MLS, how much involvement would a real estate agent have? I mean, I know the agent that has the listing will obviously be involved from the seller's standpoint, but would the buyer need to use an agent of their own for submitting an offer or would it be better just going through the seller's in order to cut down on having to pay commissions? Or is it a flat 6% either way you go whether all of it goes to the listing agent or it's split with both agents getting 3% each?

Either way, would the offer be handled the same way as a typical wholesale with the buyer getting the property under contract with an "and/or assigns" clause in it?

[John Horner]

We have a guy here in Columbus who does some of these. It really makes the deal look bad whens someone is trying to wholesale it for $100k, and you get on MLS and see it is in contract and list price was $95k. If it was on the MLS and they didn't get offers above $95k, what makes it worth $100k to you or your buyers?

I'm not saying it can't work with the right agents and transactional funding if you don't have the cash, but keep in mind this could be a turnoff for your cash buyers.