10/29/2024
Wholesaling with Realtors: Is It Possible?
🚫 Many believe real estate agents block wholesalers.
💸 Think you can't profit on the MLS? Think again.
📝 Wholesaling with a realtor is niche but lucrative.
Here’s the key point:
Realtors prioritize commissions. Here’s what you need to know:
- **Commission Structure**:
- Seller’s agent = 3%
- Buyer’s agent = 3%
- Total = 6%
- **Your Advantage**:
- Target motivated sellers listing on the MLS.
- Offer cash to stand out.
- **Winning Strategy**:
- Suggest that the seller’s agent represents both sides. This boosts their commission, making your lower offer more appealing.
- Example: Offer $75,000 cash, earning the agent $4,500 instead of $2,850 from a $95,000 offer.
- **Avoid Common Mistakes**:
- Don’t involve your own buyer's agent.
- Ensure the contract allows for assignment.
- **Earnest Money Tips**:
- Negotiate to pay your deposit after the inspection.
Wholesaling on the MLS may seem challenging, but the right tactics can lead to profit.
Have you considered this approach?
Want more guidance? Drop your questions below.
Use the following sources:
