Make An Offer
As active fix and flip investors we’ve purchased numerous homes throughout the Greater Philadelphia area. What we typically find is that most wholesalers/investors sell properties with very little margin or supporting comparable sales. Therefore, we see hundreds of properties before we find one that meets our criteria of comparable sales to support value and enough of a margin to justify doing the deal.
At Delaware Valley Wholesale Deals 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’s how we define “Below Market”:
1. Must have at least 3 “sold” comps that are within a one-mile radius (or less if in more urban areas) of the subject property. The 3 comps must be within ~200 square feet +/- of the subject’s living space.
2. 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 includes:
- Bandit Signs
- Newspaper Advertising
- Local Flyers
- Other Guerrilla Strategies
- Direct Mail
- Massive Internet Exposure
- Direct Relationships With Banks
- Referrals from Investor-focused Agents
Instructions for Submitting an Offer:
Step #1: Contact Mecca @ miguel@delawarevalleywholesaledeals.com
to confirm availability and submit a written offer via email.
*Remember most deals are “assignment” deals whereby we are simply selling our rights to a contract. There is already an Agreement of Sale in place and no need for another.
Upon acceptance of your email offer we will draft the “Purchase of Contract Rights” agreement for you to execute.
Step #2: Deposit Earnest Money Below
You must also deposit a minimum of $5,000 of earnest money for your offer to be legally binding.
Title Company To Be Determined by Delaware Valley Wholesale Deals once we approve your assignment with proof of funds or pre-approval letter from your hard money lender.
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. If you need hard money please call Lindsay @ 215-876-0355 for a referral to one of our premier partners.
To view a property, please contact the office at 215-876-0355 to make arrangements to obtain access.
Most of our properties are sold very quickly. We do however, accept backup offers.
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 typically unable to negotiate on the prices offered. We provide real values and discounted prices on the wholesale properties we offer.
*We always encourage offers in the unlikely event you disagree with our asking price.
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 proposals in writing with any vendor used.
Because we usually 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 “Purchase of Contract Rights” agreement please return electronically.
How To Get Started
If you’re curious to see what properties we have available today, get started by filling out the pre-qualification form below. We do have properties listed on this website but the best deals don’t even make it to this site because they get snatched up by those already pre-qualified BEFORE we even get a chance to list it online or on the MLS.
So, you’ll get an edge when you start the process by getting pre-qualified below.
Fill out the form and we’ll chat with you later this week.