wholeselling

is there a differnce in wholeselling than retailing if so what is the differnce

Comments(3)

  • Cheyenne3rd May, 2002

    Retail is the price you pay through a realtor or the asking price on a FSBO; wholesale is the price discounted (e.g., 30% less Market Value).

    Wholesalers are often middle men, i.e., they buy direct from the "factory" (homeowner) and sell to the retailer (rehabber, investors, etc..)

  • sames19th May, 2002

    Wholesaling means finding properties for investors who also hope to make money by fixing them and selling them. You act as a finder and get a smaller but nice profit for locating these properties. Wholesailing is quick. You don't do anything to the property.

    Retailing means you find a fixer upper, maybe from a wholesailer, do the repairs and sell to the end user who is going to live there. You make more money, but it takes more time and effort.

  • Anonymous9th May, 2002

    Wholesale is reselling a purchase contract to another investor. I this case you don't close on the deal and dont have to pay for the property.
    Retail is when you purchase (close and pay) and then resale the property at or close to a market value.

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