Pros & Cons of Listing a Property on the MLS vs Wholesaling

[Jonathan Davis]

I'm a licensed RE Agents in the state of Texas and I was curious as to what the pros and cons might be for listing a wholesale type of property on the MLS the traditional way vs. "wholesaling" to an investor?

For example, say I find a motivated seller that wants to sell distressed relatives house that was left to them in an estate. The house needs considerable rehab, but has the potential to be flipped for a substantial profit. If properly disclosed to the seller, what would be my advantage to wholesaling the property vs listing it the traditional way on the MLS. Secondly, would there be any advantage to the seller to wholesale the property? I'm assuming the main advantage to the seller would be a quicker closing if I were to find a cash buyer, but I could also do that via the MLS.

Thanks all!

[Account Closed]

You cannot practice real estate without being under your broker and it would be illegal for you to sign contracts with a buyer without brokers approval. Plus you can run foul of all kinds of laws of disclosure ,net listings etc Talk to your broker and he can fill you in on his policy and state laws