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Updated over 9 years ago on . Most recent reply

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45
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Scott Nolan
  • Investor
  • Fairfax, VA
12
Votes |
45
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Wholesaling and Realtors?

Scott Nolan
  • Investor
  • Fairfax, VA
Posted

What should a wholeseller do when contacted by an owner whose house is represented by a realtor? Is this even worth pursuing?

What if the person who contacts you -is- the Realtor?

Most Popular Reply

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2
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Joe Cleaver
  • Real Estate Agent
  • Dallas, TX
2
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2
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Joe Cleaver
  • Real Estate Agent
  • Dallas, TX
Replied
Originally posted by @Scott Nolan:

What should a wholeseller do when contacted by an owner whose house is represented by a realtor? Is this even worth pursuing?

What if the person who contacts you -is- the Realtor?

 Hey Scott,

Our company wholesales anywhere from 10-15 listed properties each month from the MLS, about 40% of our business. The biggest thing with these properties is figuring out what number works for you and making an offer. If you're worried about offending the agent, then you are going to miss out on potential deals. Structured the correct way, many cash offers with quick closes are much more enticing than people think. Depending on the amount of transactional funding (or buyers network) you have available, you'll have to limit yourself to a few offers at a time until you are able to put out 10+ offers a week without fretting about all of them getting accepted. Once you have calculated your numbers and made an offer, start searching for the next. If another deal comes up while you're waiting, make another offer! A bird in the hand... No need to keep chasing the same deal for months at a time! (especially as a wholesaler)

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