WHAT DOES IT MEAN TO "SELL WHOLESALE"?
For our purposes here, a home sold at least 25% or more below "full market retail" is considered wholesale. But be aware that many wholesale properties are sold at discounts of 50% or more.
WHAT DETERMINES IF MY PROPERTY IS GOING TO SELL AT A 25% DISCOUNT OR MORE?
First, the condition of the property. The key areas that will affect the value of a property are: kitchen, baths, flooring, painting, doors and windows, siding, roof, foundations and waterproofing, finished LL, HVAC, electrical, plumbing, yardwork and landscaping. The more recent updates (within 5-7 years) your home has, the lower the discount. If your home has many or most of these updates, you might want to consider selling your home retail (as in, listing your home with a Select Properties agent and giving it full market exposure).
Second, the location of the property. The desirability of your area, immediate neighboring properties, proximity and access to major roads and transportation, school districts and real estate tax rates will have a significant impact on the value of your property.
BENEFITS TO YOU IN SELLING WHOLESALE
All Cash Offer | My offer to purchase your home will have no contingencies for financing or appraisal. It will be a firm, cash offer.
No Repairs or Improvements Necessary | My offer will be strictly AS IS. You will not need to perform any additional repairs, code work, or improvements. Simply maintain your home in current condition.
No Inspections Required | In most cases, I will buy your home with no further inspections other than my initial walk-thru. No professional building inspection, no city inspections, no Laclede Gas, no separate inspections for radon, mold, lead based paint.
Flexible Closing Date | I can accomodate almost any closing date whether it's in a matter days, weeks or months. I can guarantee that you MOVE ONLY ONCE. We can coordinate our closing date with the purchase or move in date of your next home. Ask me about my lease-back option.