Buying a property from a wholesaler in Chicago can be a great way to acquire real estate at a great price. Learn more in our latest post!
You may have heard about property wholesaling, but have you ever considered buying through a property wholesaler? It can be an excellent way to find great deals on properties in Chicago. The process can get a bad rap, primarily due to inexperienced wholesalers not following through. It’s important to partner with someone experienced and highly reviewed. Below, we discuss what you can expect when working with a real estate wholesaler in Chicago!
What Does A Wholesaler Do?
A wholesaler sources incredible deals on Chicago real estate. A good one spends an extensive amount of time negotiating with sellers and marketing their services to them. They will dial for dollars if they have to in order to provide their clients with the best deals. Keep in mind that not all wholesalers are the same. Some lack experience, some don’t follow through, and some shouldn’t be trusted. It’s these types of people that have put a cloud over the business. A great wholesaler is someone who loves real estate, loves the process of finding properties, and who thrives during the negotiation process. They’ll be able to secure a property on your behalf for about 70% of market value!
What Can I Expect When Working With a Chicago Wholesaler?
When you choose to work with a wholesaler, all the effort and work of finding deals will be done for you. They will have done the legwork so you can focus on your due-diligence and investment strategy. You’ll be able to peruse a number of available properties as well as provide information about what you are looking for in a Chicago investment property. Once the wholesaler knows what you are looking for, they can turn their attention to acquiring those kinds of properties on your behalf.
How Long Will The Process Take?
This all depends on the kind of property you are looking for. Some are more rare, while others become available often. The seller is typically highly motivated to close quickly. As the buyer, it is important that you have the cash to buy directly or that you have the funds in place to close quickly. In most cases, you won’t be able to hold the property while your financing is secured.
What Are The Benefits?
Working with a real estate wholesaler in Chicago offers a number of benefits! You won’t have to negotiate with sellers or try to find the people who are motivated to sell their homes at a discount. A lot of legwork can go into finding a wholesale property in Chicago! When you choose to work with [comoany], all of this work is done for you. We can let you know what’s available, helping you to take the next step in your investment journey.
What Makes Chicago Home Buyers Different?
At Chicago Home Buyers we offer the experience and passion other local Chicago wholesalers lack. Our references and track-record for helping our clients find great deals is second to none. We’ll work with you to learn about what you are looking for in your Chicago investment property when you want to buy, and what you want to achieve from the deal. We’ll be able to provide you with basic construction costs as well as comps in the area. If you are looking for excellent wholesale properties in Chicago or the surrounding area, there is no better team to help then Chicago Home Buyers! No matter what kind of wholesale property you are looking for, our team will help you find it!