Wholesale Real Estate

Wholesale Real Estate

Wholesale Real Estate Most homes are purchased by individuals who go through a local real estate agent. A smaller percentage purchase a home that is offered for sale by the homeowner, without intervention of an agent.

A growing category is homes purchased from a wholesale home-seller. (This is not to be confused with wholesale companies that sell manufactured homes (otherwise known as pre-fabricated homes.)

The sources of wholesale homes typically come in one of two categories: banks and lenders who are selling homes that they have been forced to foreclose on, and thus are selling below replacement cost, and investors that buy or finance bulk purchases of homes to get greater discounts, which they then pass along to their customers.

Wholesale Home-sellers

Some businesses specialize in offering local homes only - for example Urban Detroit Wholesalers deals only with homes in the Detroit area (although their clients may well be located across country), or Property4Investors, which deals with the entire state of Mississippi, whereas such businesses as Paying Cash for Houses and Get Wholesale Homes cover the entire nation.

Investing in Homes

People investing in wholesale properties in this manner has been going on for decades, but with the home mortgage crisis in the United States which began in 2006 and is continuing to date, many more investors have found the wholesale home niche to be a lucrative one. They are able to purchase homes for below market value, and then sell them at a profit, when the housing market in that particular area returns to normal.

Inexpensive Homes for the Individual

These services are also utilized by individual home buyers who are looking for inexpensive homes.

ee also

*Real estate broker
*United States housing bubble
*Multiple Listing Service (MLS)
*Internet Data Exchange (IDX)
*List of real estate topics

External Sites

* [http://www.wholesalemi.com/index.php?id=1 Urban Detroit Wholesalers]
* [http://www.property4investors.com/index.html Property4Investors]
* [http://www.payingcashforhouses.com/payingcash_home_wholesalers.html Paying Cash For Houses]
* [http://www.getwholesalehomes.com/ Get Wholesale Homes]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Real estate investment club — Real estate investment clubs are clubs formed by individuals who want to invest specifically in real estate.Individuals have long known that it is possible to make money by investing in real estate, but very few, proportionately speaking, have… …   Wikipedia

  • Creative real estate investing — is a term used to describe non traditional methods of buying and selling real estate. Typically, a buyer will secure financing from a lending institution and pay for the full amount of the purchase price with a combination of the borrowed funds… …   Wikipedia

  • Wholesale banking — is the provision of services by banks to the like of large corporate clients, mid sized companies, real estate developers and investors, international trade financebusinesses, institutional customers (such as pension funds and government… …   Wikipedia

  • Leasehold estate — Property law Part of t …   Wikipedia

  • Clear Lake (California) — For the California wine region, see Clear Lake AVA. Clear Lake Location Mendocino National Forest Lake County, California Coordinates …   Wikipedia

  • Companies listed on the Shenzhen Stock Exchange — This is a list of companies on the Shenzhen Stock Exchange as of 2010, along with their capital, industry, and listing date. Many of these are nationalized companies. Contents 1 2001 2100 2 2101 2200 3 2201 2300 4 …   Wikipedia

  • Standard Industrial Classification — Le Standard Industrial Classification (classification normalisée des industries, abrégé en SIC) est un système de classification des industries utilisant quatre chiffres établi par le gouvernement des États Unis dans les années 1930. Il fut… …   Wikipédia en Français

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

  • japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”