subject: Wholesale Deals To Buy Cheap Houses [print this page] How you sell a wholesale deal, the first thing you have to get a purchase and sales agreement you are going to be financially safe with offers, you make because the purchase and sales agreement limits your total finan- cial exposure, to just your earnest money.
The goal is to make money and not just limit your financial exposure make sure there is plenty of profit in the deal, investors are looking for good mar- gin; they want to be safe. The most you should ever offer on a property is equal to your after repaired value a little bit differently is what will be the fu- ture markeable value of your property when the house goes back on the market and if you wholesale, minus your assignment fee and the minus your investor buyer profit.
You have to look at how much risk they are taking and how expensive the house is.
Before you ever sign a purchase and sales agreement know what makes it a good deal.Do not fall in love with it just because you like the house or you like the homeowner. Make sure you know what makes it a great deal and a great property.You have to sell the idead and advertise to your list showing why this is a great deal.If you really want to sell your wholesale deal, you ha- ve to tell them why it is a great, deal, lets give it the real marketable value of the house.
The best thing you can offer is a big profit.Sometimes it is not about big profit but about a quick easy rehab like paint and csrpet Its a great neighborhood - with strong sales in the area, or maybe it is a great rental area with just minor repairs, it will be the nicest house on the market, but you want to be able to- show all that and the best way to show it is to provide pictures.Provide all the- numbers you use to calculate their gross profit, tell them how they can get insi- de rhe house i they are interested.
You have to get a purchase and sales agreement. Safe with offers.
The goal is to make money and not just limit your financial exposure.
Investors are looking fro good margin.
The best thing you can offer is a big profit, some - times it is not about big profit.
