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Updated almost 10 years ago,
Pricing wholesales?
I've successfully closed one and have another assignment in escrow currently. Both wholesale deals. I'm on a few other wholesale buyers lists and network with only one actively at the moment. I've been watching their listings to check their marketing prices vs the 70% rule and found that they run around 75-80% on average. Thus the two that I've marketed have been around the 75% mark after repairs and sold around 72%.
I'm happy to continue in this fashion however, my "buyers" list has been inactive. About half open the emails and about 10% open them several times. Do you think I should be pricing these lower? I know it's only two deals so far but the first one sold in 24hrs. The second sold in 5 days.
Give me your 2¢
I'm in Tulsa, OK