​Selling wholesale real estate deals involves finding an investor or buyer who is interested in purchasing the property you have under contract. These are typically known as “cash buyers”. Here are the steps to successfully sell your wholesale deal:

1. Understand Your Contract: Review your contract with the seller carefully to ensure you have the right to assign or sell the contract to another buyer. Some contracts may have clauses that restrict assignment.

***You can get a free real estate contract download from us here that allows assignments at no charge.

2. Make Sure You Have a Contract at the Right Price: Evaluate the deal and comparable sales to arrive at an accurate After-Repair Value. Then, determine a contract price that allows you to make a satisfactory wholesale fee and still leaves room for cash buyers to make a profit by buying this deal from you. Understand the numbers and pricing your deals accurately is crucial to attracting buyers when wholesaling real estate deals.

3. Build a Buyers' List: Buyer lists are all about quality rather than quantity. 10 reliable repeat buyers on your list whose criteria you know will beat 1,000 deadbeat buyers all day long. You should be maintaining a list of active cash buyers in your market and communicating with them regularly. If you are just starting out, then it's never too early to start building this list! This can include local investors, rehabbers, landlords, and other industry professionals.

4. Market Your Wholesale Deal: Create a marketing package that includes essential details about the property such as photos, property condition, location, and your asking price. Use online platforms like real estate websites, social media, and real estate forums to advertise your deal.

***Here's a really easy way to create a compelling marketing package for your buyers in seconds!

5. Network and Attend Real Estate Meetings: When selling wholesale real estate deals, attend local real estate investor meetings, networking events, and seminars to connect with potential buyers. These events are great opportunities to pitch your deals to cash buyers.

6. Post Your Deal on Social Media: Social media offers a way to find cash buyers and sell your deals quicker than ever! Local real estate groups on Facebook and LinkedIn are crawling with active cash buyers. Here's how to reach them easily!

7. Host Property Showings: When selling wholesale real estate deals, arrange property showings for interested buyers. If possible, visit the property with them to answer questions and provide additional information.

8. Negotiate and Accept Offers: When you receive offers from interested buyers, negotiate the terms and price. Once you agree on the terms, have the buyer sign an Assignment of Contract – which assigns the rights for the contract from you to your cash buyer.

*Note: In some states, assigning contracts is now illegal and you'll need to do what's called a “double closing”. Consult with proper legal professionals in your state on the current laws to make sure you stay compliant!

9. Coordinate Closing Between Your Seller and Your Buyer: Make sure everyone is ready to come to the closing table at the title company or attorney's office.

10. Collect an Assignment Fee: When selling wholesale real estate deals, you make money by collecting an assignment fee. This fee is the difference between the purchase price in your contract with the seller and the price at which you sell the contract to the buyer.

11. Maintain Good Communication: Keep open and honest communication with both the seller and the buyer throughout the process to ensure a seamless transaction and build trust for future deals.

12. Document Everything: Keep records of all correspondence, agreements, and paperwork related to the wholesale deal for your records and potential legal requirements.

Selling wholesale real estate deals can be a profitable venture in real estate but, it requires effective marketing, networking, and negotiation skills. Additionally, it's important to comply with local real estate laws and regulations and seek legal advice if needed to ensure a smooth and legally sound transaction.

***If you're looking for an easy way to cut through the clutter and build a wholesale business, check out our NO BS Wholesaling 101 course.  It’s only 18 bucks!!

Haven't Tried Rehab Valuator Yet?

Selling wholesale real estate deals involves finding an investor or buyer who is interested in purchasing the property you have under contract. These are typically known as “Cash Buyers”. Here are the steps to successfully sell your Wholesale Deals to those buyers.

1. Understand Your Contract: Review your contract with the seller carefully to ensure you have the right to assign or sell the contract to another buyer. Some contracts may have clauses that restrict assignment.

***You can get a free real estate contract download from us here that allows assignments at no charge.***

2. Make Sure You Have a Contract at the Right Price: Evaluate the deal and comparable sales to arrive at an accurate After-Repair Value. Then, determine a contract price that allows you to make a satisfactory wholesale fee and still leaves room for cash buyers to make a profit by buying this deal from you. Understand the numbers and pricing your deals accurately is crucial to attracting buyers when wholesaling real estate deals.

3. Build a Buyers List: Buyers lists are all about quality rather than quantity. 10 reliable, repeat buyers on your list whose criteria you know will beat 1,000 deadbeat buyers all day long. You should be maintaining a list of active cash buyers in your market and communicating with them regularly. If you are just starting out, then it's never too early to start building this list! This can include local investors, rehabbers, landlords, and other industry professionals.

4. Market Your Wholesale Deal: Create a marketing package that includes essential details about the property such as photos, property condition, location, and your asking price. Use online platforms like real estate websites, social media, and real estate forums to advertise your deal.

***Here's a really easy way to create a compelling marketing package for your buyers in seconds!***

5. Network and Attend Real Estate Meetings: When selling wholesale real estate deals, attend local real estate investor meetings, networking events, and seminars to connect with potential buyers. These events are great opportunities to pitch your deals to cash buyers.

6. Post Your Deal on Social Media: Social media offers a way to find cash buyers and sell your deals quicker than ever! Local real estate groups on Facebook and LinkedIn are crawling with active cash buyers. Here's how to reach them easily!

7. Host Property Showings: When selling wholesale real estate deals, arrange property showings for interested buyers. If possible, visit the property with them to answer questions and provide additional information.

8. Negotiate and Accept Offers: When you receive offers from interested buyers, negotiate the terms and price. Once you agree on the terms, have the buyer sign an Assignment of Contract – which assigns the rights for the contract from you to your cash buyer.

*Note: In some states, assigning contracts is now illegal and you'll need to do what's called a “double closing”. Consult with proper legal professionals in your state on the current laws to make sure you stay compliant!

9. Coordinate Closing Between Your Seller and Your Buyer: Make sure everyone is ready to come to the closing table at the title company or attorney's office.

10. Collect an Assignment Fee: When selling wholesale real estate deals, you make money by collecting an assignment fee. This fee is the difference between the purchase price in your contract with the seller and the price at which you sell the contract to the buyer.

11. Maintain Good Communication: Keep open and honest communication with both the seller and the buyer throughout the process to ensure a seamless transaction and build trust for future deals.

12. Document Everything: Keep records of all correspondence, agreements, and paperwork related to the wholesale deal for your records and potential legal requirements.

***If you're looking for an easy way to cut through the clutter and build a wholesale business, check out our NO BS Wholesaling 101 course.  It’s only 18 bucks!!