Common Contracts
1 similar Wholesale Purchase Agreement contracts
Real estate wholesale purchase agreement contract pdfWholesale Purchase Agreement • June 8th, 2023
If you want to break into real estate investing but you’re short on cash, becoming a wholesaler could be a lucrative option for you. In fact, with some know-how and luck, you can turn quick profits without spending any money. But, before you get too excited, you’ll need to understand how a wholesale real estate contract works – including the potential risks. A wholesale real estate contract is a short-term investment strategy where the wholesaler hopes to make their money within 30 days. Though wholesale real estate laws vary by state, the process always involves the wholesaler acting as the go-between between a home’s seller and an end buyer. The wholesaler creates a contract with the seller for the exclusive right to buy the property for a set amount. Then they attempt to reassign the contract to another potential buyer for a higher price. The difference between the two prices is the wholesaler’s profit. At the time of the contract, the wholesaler and seller enter into the doctrine o
