Elgin St Charles/West Elgin/Farmstead Sub Area Investment Property

About This Warning...

This property was listed by a wholesaler, not the homeowner. It is not allowed (and highly unethical, on this website or anywhere else) to contact that homeowner directly to try and undercut the wholesaler.

For example, let's say that a homeowner wants to sell his or her house. They sign a contract giving a wholesaler 30 days to buy it at $60K. That wholesaler then lists the property for $65K.

What the warning is saying is that it is NOT okay to call up that homeowner and say "hey, I'll offer you 63K and we will go around the wholesaler" (so the owner makes an extra 3K and the buyer saves 2K). The seller would receive more and the buyer would pay less, however, the wholesaler would be wronged because they did all the work and were not compensated for it.

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