Special offer

Retail VS Wholesale Real Estate- which would you pay?

By
Real Estate Agent with Realty Executives

Is it any wonder that many of these great bank owned properties have multiple offers on a Monday morning?  A majority of the buyers who are out there are weekend shoppers.  They are looking at homes when it is convenient for them.  It makes sense in a practical way for many people, but have you ever wondered how much money it may cost you in your purchase?  Being successful in any arena means thinking outside the box and not being like everyone else. 

Weekends are "retail" real estate hours.  Everyone and their mother are out shopping for the best deal available.  They want the best upgrades, the best price, the nicest lot, the lowest HOA and taxes, and on and on.  Who can blame them?  It is a buyer's market.  What they may be overlooking is the fact that a good deal may be an even better one when not everyone is looking. 

If you are serious about purchasing a home, why not consider shopping during the "wholesale" hours?  Have you ever gone to look at homes on a Wednesday morning before?  Bingo!  That's the key! Even if you have to take a few hours off work, the time you are taking off may be worth a couple hundred dollars at best, but it could save you thousands in your real estate purchase! 

We as real estate agents have seen the multiple offers which can be very frustrating at the very least.  Especially when it is a third or fourth offer that may or may not be accepted.  I think that this little tip may be a great way to get that offer in quickly and with a sense of urgency and committment.  And in the end, you may just end up with a win for the buyer, a win for the seller, and a win for you as the real estate agent who saved the day!! 

Posted by

Susan Manning

Comments(8)

Kevin O'Shea
Coldwell Banker - White Plains, NY
White Plains, NY Real Estate

Hi Susan,

  it does make sense for many reasons for people to go out during the week.

Less traffic in the houses and less rushing and stress.

Good post!

All the best!

Jun 02, 2008 06:22 AM
Susan Manning
Realty Executives - Temecula, CA

Thanks Kevin!!  Its an old tip from my broker that I just shared with some clients today.  I thought it would be good to share here in the rain!!

Jun 02, 2008 11:23 AM
Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

Hi Susan---thanks for sharing!

You are very right--one advantage we "full-time" agents have over the part-timers--is that they can't show homes on the week days!

Great post!

Jun 08, 2008 08:33 AM
Don Eichler
Eichler Properties - Granbury, TX

Susan, This is very good post and you are right the timing means money.

Jun 08, 2008 09:10 AM
Susan Manning
Realty Executives - Temecula, CA

Thanks friends!!  Not only is time money, timing is money too!! 

Jun 10, 2008 09:45 AM
Kevin McGourty
Realty ONE Group - Phoenix, AZ

Interesting. I didn't think about it from the angle of bank owned properties.

Aug 05, 2008 05:18 AM
Linda Jandura
Raleigh Cary Realty - Apex, NC
Realtor, North Carolina Buyer & Seller Specialist

Great idea Susan.   It makes sense that a seller will be thrilled to have a showing on a Wednesday morning, and know that the buyer would have to be serious. He may even respond more favorably to a lower offer, instead of waiting for another weekend, with ? showings,.

Hope all is well in Temecula. (from a former San Diegan!)

Sep 04, 2008 12:56 PM
Susan Manning
Realty Executives - Temecula, CA

Linda, I like your perspective from the seller's point of view.  Of course a buyer is going to appear more serious if they are shopping Wed morning like you said. Awesome point to communicate to buyers! 

Sep 04, 2008 01:04 PM