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The following article was published in our article directory on October 7, 2010.
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Wholesale Retail Estate: 4 Ways to Save Money while Buying a Property

Article Category: Advice

Author Name: Josh Brown

When it comes to purchasing a wholesale real estate, timing is everything . Unlike the stock market that can almost immediately go up or down within minutes, timing for real estate seldom happens in a month – it often fluctuates per season.

Real estate provides numerous advantages in terms of a financial point of view and practical point of view. However, most estate properties are either embedded with sophisticated paper works and scary agreements or they're too expensive to buy.

Tip #1 Go Direct

If you want to save more money on your estate property purchases, then you should transact directly to the wholesaler. Wholesalers refer to a person who personally owns a property. The most common form of business wholesalers engage to involves retailers as middlemen, which are more commonly known as brokers or real estate agents. This is also one reason why some properties are 5%-10% higher than the average price. Of course, there are some instances where the wholesalers give away discounts to adjust and reduce the price, which brings you to tip #2.

Tip #2 Secure your Financing

An alternative way of possibly getting an affordable deal without directly transacting with a wholesaler is by keeping your financial records clean. Why? This is because estate brokers love to transact with customers that have clean financial records. It's actually one weakness many estate agents share. You can enjoy perks like bigger discounts, flexible mode and agreement of payments, utility service coverage, etc. Just always remember; only make deals with authorize agent which leads you next to tip #3.

Tip #3 Authorize Broker

Dealing with unauthorized estate agents offers a devastating financial risk. It is very important that you transact only with authorize estate dealers to avoid unwanted occurrences. How to find them?

- Start by asking your friends, relatives, or families for references. If they enjoyed the service showed by their agent, then put them in your top list.

- Make a thorough research online for agent listings. To verify their authenticity and expertise, you can always visit different forums to see some of the feedbacks.

- Open House is a place where many estate agents from different places gather together for business and socializing. This is also an ideal place to get to know them without the intimidation. Gather as many business cards from different agents as possible to give you wider choices.

Tip #4 Price Fluctuate Per Season

Though not really that much, estate price can change according to season. This is because not all months in a year can show the best of a property. Rainy seasons for example can expose the dysfunctional irrigation system of the area leaving customers looking for an immediate bail. This forces both the wholesale real estate owner and agent to lower down their price for better marketing.

Timing is critical when it comes to real estate purchases, and patience is the key to a great bargain. No matter who you're dealing with, be it the wholesaler or the agent, the most important thing to remember is to know how to play your cards right.

Keywords: Real Estate, Wholesale Real Estate

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