realestate

Real Estate: Low Bids, High Prices

More wholesalers are calling this week—people who locate distressed sellers and secure favorable property contracts.

T
his week, more wholesalers are reaching out. A wholesaler locates distressed sellers, secures a good contract, then sells it to investors for a fee. I’ve dealt with them a few times, once buying a contract from a novice Illinois wholesaler who found a solid Dalton home that closed.

Auctioneer raises bid on luxury home, price skyrockets.