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Updated over 9 years ago,
Is it possible to wholesale a home that is listed by a real estate agent/broker?
Is it possible to wholesale a home that is listed by a real estate agent/broker? I came across a home that needs work. It is listed by a broker for $83K. I looked at some rough comparables on Zillow, to get an approximate ARV. Similar homes sold for $165K. I subtracted 70% of ARV, which equaled $115,500. I then gave a very rough estimate of about $10 to $15K worth of rehab. Included $10,000 as my fee (which I need to determine if this is a fair amount). I came up with $90,500. There is still enough of a spread to cover additional repairs (if needed), and to add to my profit. To me, this sounds like a win, win, win for everyone involved. Just need to know how I can do this with a realtor. Any feedback or advice would be appreciated.