Just like the super stores around town that buy in bulk to pass on a savings to the customer - wholesale real estate is similar in concept. The acquired price is near the mortgage balance amount in order to sell the property to an invest who is then responsible for any work, touch-ups or site needs.
If you have tried to sell your property retail - like with a listing agent - there are costs involved with a buyer's offer or even a financing offer. Sometimes these contingencies can be costly. Such as a roof replacement in order to secure financing or even insurance for the buyer to acquire the property. Additionally, depending on the market, condition or location of your home, it may not sell as quickly as you need it to.
Since Sunny Beacon wholesales the property to an investor, the property is sold "As Is". The seller is not responsible for any work to be done before the sale can be finalized.
A wholesale transaction saves time and money. In the event that a homeowner has lost their job due to a company downsizing or even a family illness, wholesaling the property will satisfy the mortgage balance and leave the homeowner free of a negative foreclosure entry on their credit report.