Hi Allison! This is a superb article! I am new to Wholesaling, but I am not new to Real Estate. My question is concerning the appraisal. At what point in the transaction does the Wholesaler conduct an appraisal? I am assuming that when a Wholesaler meets with a motivated seller with a contract that they will have the price that they want the motivated seller to sell the property to the Wholesaler for. Do I need to have an appraisal done before or after meeting the motivated seller? I do understand that if I have a buyer that they can conduct their own appraisal. So can you please give me a lucid explanation of when the Wholesaler would conduct the appraisal? Thanks!
Appraisals are optional for wholesalers, but if you’re going to do one you should wait until after you have the property under contract. Otherwise, you may end up spending money appraising a house you can’t successfully negotiate on.
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