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Real Estate Wholesale Contract Template

Real Estate Wholesale Contract Template 2025

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The document is a Real Estate Wholesale Purchase and Assignment Agreement between a Seller and a Buyer, outlining the terms for the sale of a property. It includes definitions, property description, purchase price, rights and obligations of both parties, assignment rights, closing process, indemnification clauses, governing law, and miscellaneous provisions. The Buyer has the right to assign the agreement to a third party without Seller's consent. The agreement emphasizes that the property is sold 'AS-IS' and details the responsibilities of both parties leading up to the closing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I write a simple contract agreement?

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Describe how the contract will end. Say which laws apply and how disputes will be resolved. Include space for signatures.

How to write an agreement between a buyer and seller?

What Are the Key Components of a Purchase Agreement? Buyer and Seller Names and Information. Date of the Transaction. Asset Details. Purchase Price and Terms. Inclusions and Exclusions. Contingencies. Disclosures. Representations and Warranties.

What is an example of a wholesale deal?

The buyer closes the deal directly with the original seller, and the wholesaler earns an assignment fee for facilitating the transaction. For example, if a wholesaler finds a property for $100,000 and agrees to sell the contract to an investor for $110,000, the wholesaler makes a $10,000 profit.

How to wholesale commercial real estate?

If youre not licensed, for a wholesale transaction to be legal it needs to be under contract. You must get the property under contract and then you can legally assign the contract to a buyer and receive money at closing. Some states prohibit wholesaling, so look up the legalities of wholesaling in your state.

How to write a contract agreement between two parties for payment?

State what each side agrees to do. Clearly write out the terms of the loan. Include information about the date of the loan, the payment terms, interest, schedule of payments, late charges, default, and any other details in the agreement. Explain that the contract represents the entire agreement.

How to write a wholesale contract?

Here are some common parts of a wholesale contract: Name and contact information of the buyer and current property owner (seller) Legal description of the property. Condition of premises. Purchase price and financing. Closing costs, who pays them, and when. Assignment clause to transfer property rights.

How do you write a contract agreement for real estate?

How do I create a Real Estate Purchase Agreement? Add general information. State what type of property is being sold. Establish the sale details. Set conditions for the sale. Describe the property. Provide buyer and seller details. Add final details. Outline tactics for conflict resolution.

What is an agreement in real estate?

A real estate purchase agreement is a contract made between buyers and sellers that covers the legally binding details and specifics of a real estate transaction.

Real Estate Wholesale Contract Template 2025

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