Enterprise Realtors Blog

Wholesalers vs. Realtors – What’s the Difference?

When it comes to buying investment properties, you have a few choices. You can buy directly from a seller, you can buy through a wholesaler, or you can work with a Realtor.

Given the economy and your desire to make the most money possible on your investment, you may think that working directly with a wholesaler will help you avoid Realtor fees. But, in the long run, you could end up paying more for the property itself. Wholesalers own the properties they are trying to sell, so they want and need to make a profit. Which means you may not get the best deal.

As Realtors, our only goal is to help you find the best possible property, at the best price. We don’t own the properties we sell, so when it comes down to the price, we will fight to get you the best deal possible.

Here are a few more reasons why we think working with a Realtor is more effective than working with a wholesaler. (And if you disagree, please comment below. We love a good discussion!).

When You Work With a Realtor:

1. As Realtors representing investment properties, we focus on finding the property that’s right for you, not simply selling for the sake of selling.

2. Our local banks only finance the properties they have foreclosed on.

3. We are able to offer VAs and many other special low prices.

4. We sell direct from HUD, Fannie Mae, and banks without a mark-up.

When You Work With Wholesalers:

1. Wholesalers act as a middleman selling you homes they own, so they are not always objective about their properties.

2. Because wholesalers only sell homes they own, they aren’t able to get special bank financing.

3. Wholesalers can’t offer the VAs or the low prices we are able to offer.

4. Wholesalers buy the properties, mark them up for their profits, and then resell them to you at higher prices.

We are Realtors, not wholesalers.

In today’s economy, foreclosure purchases are an excellent way to achieve high ROI’s (return on investment) when investing in real estate.

As Realtors, we are able to access HUD foreclosures, VA foreclosures, Bank REO’s and we work with many wholesalers in the Memphis area to help identify great buying opportunities. We travel the city weekly identifying homes from various sources for you to preview and purchase.

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This post was written by

Ryan Tucker – who has written 31 posts on Enterprise Realtors Blog.

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Tags: Invest in Memphis, investing in Memphis, real estate investing, Realtors, wholesalers