What Is Wholesaling Real Estate

Wholesaling houses involves locating undervalued properties and transferring the purchase contracts to other buyers. Many newcomers find wholesaling houses an accessible entry point into the real estate market. Often, they secure these agreements at significantly lower prices than market value. After negotiating the contract, the wholesaler markets the property to potential buyers, typically other investors. The primary aim is to transfer the contract to a buyer at a profit that exceeds the initial purchase price. Knowledge of property values and repair costs is crucial for determining profitable deals. Many successful wholesalers also utilize technology to streamline their processes and manage leads efficiently.