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5 Things To Watch Out For When Working With A Wholesaler in Texas

Working with a wholesaler in Texas can be a great way to find discounted properties. However, there are some things you need to watch out for! Learn more about what to look for in our latest post!

Are you looking for a great deal on a house in Texas? If so, you may have considered working with a property wholesaler. Working with a wholesaler can be a great way to acquire a new home whether you are an investor or a private buyer.  A word to the wise… not all real estate wholesalers in Texas are the same! Keep reading to learn more about the things you need to watch out for when working with a wholesaler in Texas!

Properly Researched

Everything needs to be disclosed just like any other sale. While your wholesaler will be able to provide you with extensive information about a property, it is always up to you as the buyer to do your due diligence on the property. You will likely be buying the property as-is, so if something should go wrong after the house has closed, you will likely be liable. Once you receive information about a property from a wholesaler, take th time to verify accuracy. Most sales information will be public knowledge and using 3rd party sites you can find out when a property was last rented out and what was being asked in monthly rent.

Lack Of Experience

An inexperienced wholesaler isn’t going to know how to find the best properties. They won’t know the area or where to find the best deals. When working with a wholesaler in Texas, it is best to choose someone that has experience not only in wholesaling but also in the local real estate market. They should be familiar with current trends, who’s buying, what people are asking for, and in what niches potential buyers will be the most successful.

Not Well-Connected

When you work with a great property wholesaler, they will be well-connected and able to help you with every aspect of the acquisition. When deciding who to work with, make sure they can offer you access to some of the resources your property may require. A high-quality real estate wholesaler will be able to connect you with lenders, title companies, property managers, contractors, and many other services a new homeowner may be looking for when buying a new home in the Texas area.

Bad Pricing

Just because you are buying a property from a wholesaler doesn’t mean you are getting a great deal. Not all wholesalers are able to get the same discounts, meaning you could ultimately be paying more than if you had simply found the deal on your own. Watch out for novice or inexperienced wholesalers who aren’t able to get things done as quickly and efficiently as someone with more experience would be able to do. They will not be able to provide you with the deals you are looking for.

Business Over People

Just because you are buying a property from a wholesaler doesn’t mean you are getting a great deal. Not all wholesalers are able to get the same discounts, meaning you could ultimately be paying more than if you had simply found the deal on your own. Watch out for novice or inexperienced wholesalers who aren’t able to get things done as quickly and efficiently as someone with more experience would be able to do. They will not be able to provide you with the deals you are looking for.

Learn more about working with a wholesaler in Texas! Get in touch with us today! 512-686-6776‬

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