Attention Wholesalers! Maximize Your Deal’s Potential by submitting the deal to us!
Are you tired of struggling to find the perfect end buyer for your deals? We’re here to help you close your deal quickly with top dollars. Check out these valuable tips to attract buyers and expedite your wholesale success.
1. Captivating Pictures
Investors want to visualize the property they’re considering. Don’t leave them in the dark! Include high-quality pictures that showcase the property’s condition and potential. Let investors accurately analyze the deal from the start.
2. Realistic ARV
The After Repair Value (ARV) is crucial. Avoid inflating the ARV above the true market value; it only discourages serious buyers. Present a realistic ARV that aligns with market trends and expectations. This builds trust and credibility.
3. Compelling Comps
Comps (comparable sold listings) play a vital role in evaluating a deal. To impress investors, ensure your comps meet the following criteria:
Close Proximity: Stick to comps in the same neighborhood, as values can vary significantly across areas.
Like-Kind Properties: Match the property type and style with your comps. A craftsman home shouldn’t be compared to a modern two-story house.
Recent Sales: Focus on comps from the last 3-6 months to reflect current market conditions accurately.
Similar Finishes: Comps should align with the expected level of finishes within the prospective budget.
4. Repairs Estimates
While estimating repairs can be challenging, it’s crucial to provide a reasonable ballpark figure. Walk through the property and put together a comprehensive estimate. Investors can spot unrealistically low repair budgets, so be transparent and accurate.
5. Justify Your Price
Buyers seek assurance that your asking price is justified. Ensure your comps align with the price, providing confidence that the investment will yield returns. Inconsistent comps create skepticism and impede the selling process.
6. Ample Showing Window
Investors, like retail buyers, require sufficient time to analyze a property without feeling rushed. Coordinate with the seller to establish convenient showing times. A broader showing window attracts a larger pool of qualified buyers.
7. Ideal End Buyer
Not all deals suit every buyer. Identify the ideal end buyer for your property and highlight their potential. Whether it’s a buy and hold investor, a fix-and-flip enthusiast, or someone looking for new construction opportunities, target the right audience to expedite the sale.
8. Clean Title Assurance
A clean title is paramount. Open a file at an investor-friendly title company, such as our sister company, Spark Title. They can quickly review the title work and resolve any issues that may cloud the title. Guaranteeing clean title reassures buyers and expedites the closing process.
If you have any questions or need assistance, don’t hesitate to reach out. We’re here to support you and help you sell your next wholesale deal with ease. Let’s get you that well-deserved check in your hands!
Insights that Matter!