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Real estate wholesaling is a process by which an investor (wholesaler) executes an Agreement of Sale with the owner of a property at a discounted price and then assigns or transfers that Agreement of Sale to another investor at a higher price. This practice is primarily used by real estate investors who are looking to profit from the sale of properties in Bucks County and the surrounding areas. It is important for real estate investors to be aware of the legal considerations involved in real estate wholesaling in Pennsylvania, including local regulations and laws.
An experienced Bucks County real estate attorney can provide investors with the guidance and support needed to navigate the legal complexities of real estate wholesaling. Isgate Law has years of experience representing real estate investors, and our attorney will help ensure that all legal issues related to the sale of property are handled in a timely and precise manner.
The short answer is, yes. Real estate wholesaling in Pennsylvania is legal as long as the investor complies with all applicable state laws. There are certain regulations that need to be adhered to, such as the disclosure of the property’s condition, the need to obtain a license if performing certain services, and various consumer protection issues.
At Isgate Law, we have earned a reputation as a leading Bucks County real estate attorney and are well-versed in all aspects of real estate law. We routinely represent real estate investors and wholesalers in Doylestown and the surrounding areas, and we can provide the guidance and expertise needed to ensure that investments are protected.
Wholesaling real estate in Pennsylvania requires the investor to abide by legal requirements and regulations. There is no license required by the state of Pennsylvania except in Philadelphia. If you intend to purchase residential properties for resale or aid others in doing so in Philadelphia, then it is imperative that you obtain a Philadelphia Residential Property Wholesaler License. This covers not only single-family dwellings but also mixed-use and multi-family buildings
You are not required to have this license if you:
Real estate wholesalers in Pennsylvania must also comply with a number of regulations and laws. This includes obtaining a real estate broker’s license if they intend to perform certain services, such as listing a property for sale. Additionally, they must abide by all consumer protection laws by providing the buyer with a complete disclosure of the property’s condition, as well as a full list of any liens or other encumbrances.
When engaging in real estate wholesaling in Pennsylvania, an experienced Bucks County real estate attorney can help guide you through the process and provide you with the legal advice and representation needed to ensure you are in compliance with all applicable statutes and regulations.
Here are some of the ways a real estate attorney can help you:
Are you a real estate investor looking for a qualified and experienced real estate attorney to assist you with your real estate wholesaling needs? At Isgate Law, we provide real estate investors, developers and wholesalers with the legal guidance they need to protect their investments.
Our Bucks County real estate lawyer has years of experience handling a variety of real estate matters and can help navigate you through the complexities associated with real estate wholesaling. We are dedicated to providing superior client service and will work closely with you to ensure that your interests are safeguarded. Contact us today for a free consultation! Call us at (215) 396-1020 or fill out our online contact form.