What is real estate wholesaling?

Real estate wholesaling is a strategy where a wholesaler enters into a contract with a distressed property seller, then assigns or resells that contract to an investor buyer for a fee. The wholesaler acts as an intermediary, facilitating the transaction without actually owning the property. Oftentimes, at Anjy Buys Houses we keep the properties we buy.

FAQ image

What is creative financing in real estate?

Creative financing refers to alternative methods of financing real estate transactions that go beyond traditional bank loans. It involves utilizing strategies such as seller financing, lease options, subject-to deals, or private lending to provide flexible financing options for buyers and sellers.

How does seller financing work?

Seller financing, also known as owner financing, occurs when the property seller acts as the lender and carries the financing for the buyer. The buyer makes monthly payments directly to the seller instead of obtaining a loan from a bank or other financial institution.

How can I sell an inherited property quickly?

To sell an inherited property quickly, consider working with a real estate investor like us. We specialize in purchasing distressed properties, including inherited ones, and can provide a fair cash offer, allowing for a swift and hassle-free sale.

What types of distressed properties do you purchase?

We buy various types of distressed properties, including properties in need of repair, foreclosure properties, fire-damaged properties, inherited properties, or properties owned by individuals facing financial difficulties.

How do you determine the purchase price for a distressed property?

The purchase price for a distressed property is based on several factors, including the property's condition, market value, repair costs, and our profit margin as a wholesaler. We conduct thorough assessments and market analyses to ensure a fair offer that benefits both parties involved.

Can I still sell my property if it has liens or other financial obligations?

Yes, in many cases, we can work with properties that have liens or other financial obligations. We'll assess the situation and determine the best course of action to handle the liens and ensure a smooth transaction.

How long does the off-market real estate process typically take?

The timeframe for completing a wholesale real estate transaction can vary depending on various factors, including the complexity of the property and the title transfer process. Generally, the process can take anywhere from a few days to a couple of months, at the most. It is typically much faster due to private money, and no inspections.

Why would I consider selling my distressed or off-market property to an investor?

It allows you to avoid the costs and time associated with extensive repairs, resolve financial difficulties, or quickly sell a property without going through the traditional listing process. Did I say Quick SALE?!

How can I find potential buyers for my distressed or off-market property?

Working with a real estate investor or wholesaler who specializes in distressed properties is often the most effective way to find buyers. We have networks of investors looking for opportunities and can expedite the selling process.

Is there a fee or commission involved in selling to a real estate investor?

Real estate investors do not charge a fee, closing costs, or commission to sellers. They make their profit by purchasing the property at a discounted price, factoring in the costs of repairs and potential resale. You will be responsible for any back taxes or overdue water bills, but that can be paid at closing with the proceeds of the sale.

What types of properties are you looking for?

Distressed properties, Rental properties, Multi-family properties, Vacant properties, Commercial properties, and Raw land.