Will buying my home from a wholesaler vs. from MLS save me money?

[Erick Chavarria]

I am trying to buy my first home in Maryland but the prices keep going up quickly. Would buying  a property from a Wholesaler be a good idea or even possible with a conventional loan? 

If so does anyone recommend a good wholesaler in Laurel, MD? 

Thank you in advance for your response. 

Eric

[Patti Robertson]

While a conventional lender will not pay an assignment fee, they will pay a contract cancelation fee. The wholesaler is paid to be taken out of the contract, which is allowed by FHA, and a new contract is drawn up between the buyer and seller.

The biggest benefit of buying from a wholesaler is not to save money. The biggest benefit is lack of competition.  How many times do you lose out on a house because someone beat you to it or someone put in a higher bid?  When a wholesaler brings you a house generally if you say you are interested and can get there to see it right away, you have a good shot of buying it.

The goal is to buy property that meets your criteria, regardless of where they come from. The more avenues you have, the faster you will reach your goal.