Contracts

Free Wholesale Real Estate Contract Templates

Cash, novation, and subject to contract templates in one folder.

Cash purchase and sale agreement
Inspection period and earnest money terms
Assignment and novation rights clauses

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What Is Inside

This free set of wholesale real estate contract templates covers the three main wholesaling exits: cash, novation, and subject to. It also includes an assignment addendum and a seller acknowledgements form. These templates are not legal advice and should be reviewed by a local real estate attorney before you use them.

The cash Purchase and Sale Agreement covers earnest money, a buyer inspection period with the right to cancel, vacant or occupied access and lockbox terms, seller deliverables, title review windows, closing, buyer paid closing costs, debris and appliances, and investor disclosures for equity release, profit, assignment, and novation rights. The novation package pairs that agreement with a Concierge Service and Indemnification Agreement. It lets the home be sold directly to a third party buyer, with net proceeds to the seller and liquidated damages if the seller defaults.

The Subject To agreement adds existing loan, seller carryback, and wrap terms, a subject to addendum, due on sale disclosures, and spots for seller initials. A Seller Acknowledgements form records that the seller understands the wholesale nature of the deal. Real estate laws differ by state, so these templates are not legal advice. Have a local real estate attorney review them before you use them.

What it covers

Cash purchase and sale agreement
Inspection period and earnest money terms
Assignment and novation rights clauses
Novation concierge and indemnification agreement
Subject to existing loan terms
Due on sale and wrap disclosures
Seller acknowledgements form
Assignment addendum

Who This Is For

Wholesalers who need a starting point for their contracts
Investors adding novation or subject to deals
Teams who want one set of templates to bring to their attorney

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Frequently Asked Questions

What is a wholesale real estate contract?

It is a purchase agreement between an investor and a seller that gives the investor the right to buy the property, and usually the right to assign that contract to another buyer. The investor then sells their contract position to an end buyer for a fee. Key clauses include assignment rights, an inspection period, and earnest money terms.

Is wholesaling real estate legal?

Wholesaling is legal in most states when done the right way, but several states now have rules on disclosures, licensing, or marketing contracts you do not own. These rules change, so check your state's current laws. A local real estate attorney can tell you what applies to you.

Can I use these contract templates in my state?

They are a starting point, not a finished legal document, and they are not legal advice. Each state has its own required forms, disclosures, and closing customs. Have a local real estate attorney review and adjust them before you use them with a seller.