WHOLESALE HOUSES Meaning and
Definition
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Wholesale houses refer to companies or businesses that specialize in the purchase and sale of properties in large quantities or in bulk. These properties are typically sold to other real estate investors, developers, or individuals looking to buy multiple properties at once.
Wholesale houses are often acquired through various means, including distressed sales, foreclosures, short sales, or direct purchases from motivated sellers. These properties are bought at significantly discounted prices in order to facilitate the wholesale process.
The primary goal of wholesale houses is to create a profitable transaction by purchasing properties at a lower cost and then reselling them to other buyers at a higher price, thereby generating a profit margin. However, wholesale houses are not typically involved in the process of renovating or rehabilitating the properties before selling them.
Wholesale houses act as intermediaries in the real estate market, connecting sellers and buyers who are seeking investment opportunities. They provide a platform for investors to access a wide range of properties, often offering a diverse portfolio of houses, condos, multi-family units, or commercial buildings.
By offering properties at discounted prices, wholesale houses help investors and developers maximize their profitability and expand their real estate portfolios. These companies play a crucial role in the real estate industry by facilitating the efficient and streamlined process of property acquisition and redistribution.
Common Misspellings for WHOLESALE HOUSES
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Etymology of WHOLESALE HOUSES
The term "wholesale houses" does not have a specific etymology since it is a compound phrase made up of two separate words.
"Wholesale" originates from the Middle English word "holysale", which means the sale of goods in large quantities to retailers or other businesses, rather than to individual customers. It is a combination of the Old English word "hōl", meaning whole or entire, and the word "sale". The term "wholesale" is used to describe the manner in which goods are sold and purchased in bulk, typically at a lower price per unit compared to retail.
On the other hand, "houses" is derived from the Old English word "hūs", which refers to a shelter or dwelling. Over time, the term has been extended to include structures used for various purposes, including commercial establishments like stores or businesses.
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