Real Estate Investor · Nashville TN · Member since 2009 · 287 posts · 171 votes
Does anyone here sell properties they're under contract to purchase by listing on the MLS? I've heard in a couple podcasts now it's possible, with owners knowledge and permission, to list a house you're under contract to buy on MLS before you actually own it.
You'd basically be wholetailing it without having to purchase it.
Has anyone done this/knows if and how this can be done?
Specialist · Houston, TX · Member since 2014 · 64 posts · 11 votes
9y
Jonathan,
The laws vary state to state. Here in Texas we have listed our wholesale deals with the owners permission. Not sure what state you are operating out of, but you may reach out to an experienced wholesaler, and an investor friendly broker for additional information. It never hurts to ask the advise of a real estate attorney as well to cover yourself.
It is an easier transaction if you have the ability to close on the property then list it but sometimes that may not be feasible. From experience, our listed wholesale deals have netted us more even with the realtor fee’s than assigning contracts or double closings. Hope this helps
Wholesaler · Waldorf, MD · Member since 2015 · 459 posts · 245 votes
9y
@Jonathan C.I'm pretty sure it can be done. Give me a day or so to reach out to a contact that I believe has done that quite often. If you don't hear back by Thurs, message me. BTW, your team gets some great deals under contract.