How It Works
Throughout the years, we’ve purchased numerous homes to fix and flip. We were constantly struggling to get “inventory” at a price that would allow us to have a decent margin on resale.
We tried the MLS, but most of the good deals, like REO’s, were “pocket” listings where the listing agent sent out new properties to their clients first before they ever hit the MLS. That meant that the good deals already had a contract on them before we would know about it.
We realized that we needed to go out and search for our own opportunities. As a result we started marketing directly to homeowners for properties that were not for sale. We spend thousands of dollars monthly marketing for our properties.
We look through hundreds of properties before we find one that meets our criteria of having comparable properties to support the price.
At Huntsville Wholesale Homes we deliver properties that are truly below market. Now, the definition of “below market” can be subjective. If you ask ten different investors you’ll get ten different answers. Here is our two part definition of “below market.”
Comparable Sales
Must have 3 “sold” comps that are within a one-mile radius of the subject property. The 3 comps must be within ~200 square feet +/- of the subject’s living space.
Below Market Value
Subject property must be at least 20% below the average of the 3 sold comps. It’s not easy to find these types of properties. We spend thousands of dollars on marketing and countless hours searching for deals that meet this criteria.
Where Do These Deals Come From?
We are marketing specialists. Our arsenal of marketing strategies include:
Bandit Signs
Local Flyers
Newspaper
Direct Mail
Instructions For Submitting An Offer
Step #1: Complete the Contract Package
Click on the button below to open our contract.
We take each and every offer very seriously. All offers are subject to prior sales and withdrawals. Because of the deep discounted prices we have negotiated on the properties we resell to investors and the small margins we work off of, we are unable to negotiate on the prices offered. We provide real values and discounted prices on the wholesale properties we offer.
Most of our properties are sold very quickly. We do however take backup contracts.
We will be glad to refer any contractors, appraisers, attorneys, property managers, etc. if we are aware of any in the area of the property; however, you must interview them and make your own decision about relying on their information or services. We highly recommend getting detailed descriptions in writing with any vendor used.
Once you have completed the contract and addendum please email them back to info@huntsvillewholesalehomes.com or call us (256-384-2380) and we will arrange to meet you.
Step #2: Deposit Earnest Money Below
You must also deposit $2,500 of earnest money for your offer and contract to be complete. You may wire or drop off certified funds to:
Pauline Childers
Rahmati Law Firm
513 Madison Street Huntsville, AL 35801
Phone: 256-533-2002
Fax: 256-533-2024
Email: Pauline.childers@rahmatilaw.com
Unless your offer is all cash you’ll need to be approved with a hard money lender and submit proof of funds or approval letter with the offer. To view a property, please contact the office at 256-384-2380 to make arrangements to obtain access.
Step #3: Closing
We set the closing date usually 7 days after the contract is accepted. Because we buy and sell many properties monthly it is extremely important for you to close on the anticipated closing date in your contract to avoid penalties. We take each and every offer very seriously. All offers are subject to prior sales and withdrawals. Once you have completed the contract and addendum please email them back to info@huntsvillewholesalehomes.com.