Wholesalers
A real estate wholesaler is an individual or company that specializes in finding off-market properties at below-market prices and then assigning or selling these properties to other investors or buyers for a profit. Wholesalers typically identify distressed or undervalued properties through various means, such as direct marketing, networking, or working with distressed homeowners, and negotiate purchase agreements with the sellers. Once a purchase agreement is secured, the wholesaler typically markets the property to potential buyers, such as real estate investors or rehabbers, who are interested in purchasing properties for renovation, rental income, or resale. The wholesaler assigns the purchase contract to the buyer for a fee, allowing the buyer to close on the property and take ownership. Real estate wholesalers play a vital role in the real estate market by facilitating transactions for investors and providing opportunities to acquire properties at discounted prices. They often operate in niche markets or focus on specific types of properties, such as distressed properties, foreclosures, or properties in need of renovation.